Asger Risom
A new analysis has revealed the Jaguar I-Pace as the UK’s worst family car for depreciation, losing nearly £47,000 in value after just three years.
A new analysis has revealed the Jaguar I-Pace as the UK’s worst family car for depreciation, losing nearly £47,000 in value after just three years.
Jaguar I-Pace Tops Depreciation Charts
According to Carmoola’s Car Depreciation Index, created with data specialists Brego, the Jaguar I-Pace loses 66.8% of its value after three years or 36,000 miles—more than any other family car in the UK.
£47,000 Lost in Three Years
With a starting price of around £69,995, a typical I-Pace can fall to just £23,238 after three years on the road. That equates to a staggering loss of more than £46,000 for owners.
Why EVs Depreciate Faster
Analysts note that electric vehicles generally depreciate more quickly than petrol and hybrid cars. A lack of long-term purchase incentives, concerns over battery life, and rapid advancements in EV technology all contribute to falling values.
Billions Lost in Value Collectively
Experts estimate that Jaguar I-Pace owners in the UK have collectively lost around £432 million in value due to depreciation, underscoring the financial impact of owning the luxury electric SUV.
Jaguar’s First All-Electric Model
The I-Pace was Jaguar’s first all-electric vehicle, launched with high expectations as the brand moved into the EV era. However, despite early acclaim, the model has struggled to maintain resale value compared to rivals.
Jaguar Says Market Is Recovering
A Jaguar spokesperson said I-Pace values are now “showing clear signs of recovery,” with renewed demand in the used car market and leasing companies encouraging contract extensions.
Wider Market Pressures at Play
Industry analysts point to a difficult 18 months for the used car market overall. The removal of government EV incentives and a flood of nearly-new electric models has weighed heavily on resale values across brands.
Cars Holding Their Value Better
While the I-Pace struggles, other models fare much better. The Porsche Macan retained 80% of its value after three years, losing just 19.9%, while the Toyota Yaris Cross depreciated by only 20.2%—illustrating a stark contrast in market performance.
