As has historically been the case with many luxury vehicles, the Lincoln Navigator has long been among the fastest-depreciating models on the market, and that was once again the case over the past few months, according to iSeeCars’ latest list of the top 25 vehicles that hold their value the best and the worst. In fact, 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. However, it was also joined by the long-wheelbase Lincoln Navigator L, which was among the top 25 vehicles that have depreciated the most over the past five years, too.
The Lincoln Navigator L ranked even higher than its regular-length counterpart, coming in at 17th on this particular list this time around with an average five-year depreciation of 55.5 percent, or $57,224 less than its average MSRP when new. The Navigator L 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, so it certainly isn’t alone in that regard, at least.
To 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.”