While it’s typically one of the biggest vehicle ownership expenses that people incur, depreciation also isn’t something that a lot of folks take into consideration when they go out and purchase a new auto. In that realm, depreciation can range tremendously between models, however, which can certainly cause a lot of financial pain when one goes to sell or trade in that vehicle. The Ford Mustang has historically posted some of the lowest five-year depreciation rates of all vehicles, however, and that’s once again the case, according to a new study.
This study comes to us from iSeeCars, which ranked the Ford Mustang as having the eighth lowest five-year depreciation of any vehicle, with the pony car losing 29.2 percent or $9,325 of its value versus the original MSRP, on average, over that time span. The Porsche 911 topped this list with an average five-year depreciation of just 19.5 percent, or $24,428, while the average vehicle lost 45.6 percent of its value, or $17,395. The Lincoln Navigator L didn’t fare quite as well, ranking 22nd among the vehicles experiencing the most depreciation over the past five years at 60.3 percent or $62,069.
To come up with these results, iSeeCars analyzed over 800,000 five-year-old used vehicle sales conducted between March 2024 and February 2025. “Depreciation remains the most expensive aspect of buying a new vehicle, and the variation between vehicle types and specific models is something consumers should consider when researching their next purchase,” said iSeeCars Executive Analyst Karl Brauer. “The difference between buying a hybrid versus an electric vehicle could be tens of thousands of dollars in lost value.”
For the Ford Mustang, this result is nothing new, really. In the same study from 2022, the pony car depreciated by 19.4 percent or $7,528 versus its original MSRP, on average, which was good enough for seventh place. A year later, the Mustang ranked 11th among all used vehicles in terms of having the lowest five-year rate of depreciation at 24.5 percent, or $10,035 less than the average MSRP.
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Some Mustangs actually appreciate, increasing value if it is a rare model, such as the latest Fox body model, because there are tons of aftermarket items for it.