Used car lot
A used car lot is shown Friday, June 10, 2022, in Salt Lake City.
  • Used-car prices have finally normalized after years of increases. 
  • Sticker shock pushed some customers to buy smaller, more fuel-efficient cars. 
  • Electric vehicles saw some of the worst depreciation over five years, data from iSeeCars shows. 

They say a car loses most of its value the minute it drives off a lot. 

But that doesn't mean they all depreciate at the same rate. In fact, because of the COVID-19 pandemic, some used cars' values even went up!