Autolist dug into the depreciation data archives to compare hybrid vehicles and their non-hybrid siblings. The company, whose app helps you buy, sell, and finance new and used cars, found that for the first time, hybrids are holding their value better than gasoline-only vehicles.
Analysts went back to 2012 as their starting point. At that time, hybrids had been on the market for more than a decade, and the Toyota Prius in particular was popular. So it was no longer a weird, scary technology. Hybrid vehicles were pretty well accepted, and there was a resale market for them. The end point of the study was September 2017.
When Autolist compared the pricing data in September 2017 for hybrids and non-hybrids with more than 100,000 miles on the odometer, hybrid models saw a depreciation of 50.9%. Conventional gasoline cars experienced a depreciation of 53.4%.
Autolist also took a look at Toyota vehicles specifically, since they kind of own the hybrid space. The Toyota Camry and Highlander both have a hybrid variant—and those variants held their value better. In 2013 and 2017, the model years used, the hybrid’s depreciation was at least 10 percentage points higher than the gasoline version.
Finally, the analysts compared other models that have gasoline and hybrid variants, like the Ford Fusion and Hyundai Sonata, along with the Toyotas. In 2013, hybrid depreciation was 6 percentage points lower than gasoline cars. But in 2017, that gap had closed, with only .3 percentage points separating the two variants.
What does this mean for you? It means that you don’t have to worry so much about the value of your hybrid when you’re ready to sell it on or trade it in. Companies like Volvo and Jaguar have announced that there will be electrified versions of all their vehicles (which includes full hybrid systems) in the very near future. The market for new and used hybrid vehicles is only going to grow, as the combo of gasoline and electric power meets the needs of, well, just about everybody.—KHG