Historically speaking, luxury vehicles tend to depreciate at a faster rate than their mass market counterparts, which is at least partly due to their inflated price tags when new. This is also true of the Lincoln Navigator, which has long been one of the quickest depreciating vehicles on the market. In recent years, various studies have found that this phenomenon pertains to specific models like the 2016 Navigator L as well as the entire lineup, and it’s once again true in the latest version of iSeeCars’ “Top 25 Cars That Hold Their Value the Best – and the 25 Worst” list.
This time around, the Lincoln Navigator ranked 22nd on this particular list after depreciating 54.7 percent over the past five years on average, with a difference of $53,582 compared to the average MSRP of that model. The Navigator is joined by a number of other luxury vehicles in that regard, including the Cadillac Escalade and Escalade ESV, Infiniti QX80, Audi Q7, and Land Rover Range Rover. Additionally, the long wheelbase Navigator L finished 17th on the list as well with a 55.5 percent depreciation over five years, too.
For come up with these results, iSeeCars analyzed over 1.1 million vehicles sold from November 2022 to October 2023. Historically speaking, it found that depreciation was lower across all major segments when compared to 2019, which is a result of inflated used vehicle prices that have stuck around for the past three-plus years.
“The good news for car owners is that all used cars hold their value better than they did five years ago,” said Karl Brauer, iSeeCars executive analyst. “But not all used cars retain value equally, with trucks and hybrids among the best segments and electric vehicles the worst. Hybrids have a nearly 12 percentage point advantage over EVs in value retention, which translates to thousands of dollars in higher market value after five years.”