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When you buy a new car, its value begins to depreciate — but not as quickly as in the past. All new cars hold their value better today than they did in 2019, thanks to fewer new cars being produced during the COVID-19 pandemic and a smaller supply of used cars available today, according to a recent analysis by iSeeCars. For example, 5-year-old used cars sold in 2023 have lost an average of just 38.
