Here’s How Much Cybertrucks Have Depreciated Since They Were New
Autos lose worth the extra they’re pushed. No surprises there, proper? Nevertheless, there are Cybertruck homeowners who seem to have thought they have been shopping for money-printing machines. In truth, very early in its pixelated life cycle, somebody truly flipped and offered a restricted version Basis Sequence Cybertruck for almost twice its MSRP at $244,000.
The Cybertruck’s worth wasn’t meant to final, although. The controversial truck from a controversial firm run by a controversial man is topic to the regulation of gravity of depreciation as a lot as the following set of wheels. The query is, although, how a lot has it depreciated for the reason that first geometric truck hit the streets?
We reported in 2024 that the overall Cybertruck depreciation curve is basically fairly poor. Now, CarGurus is displaying much more of a drop up to now yr from April 28, 2024 to April 29, 2025, which is the day of writing this text. In that point, Cybertruck costs went from $168,543 right down to $84,470 — a 49.96% decline. The previous 30 days have seen a 5.51% drop. So, not nice!
Learn extra: These Are The Fastest Depreciating Cars, So Buy Them Used And Save Thousands
How Does The Cybertruck’s Depreciation Examine?
Digging in a bit additional, in accordance with TopSpeed, the common depreciation for all vehicles throughout three years (longer than the Cybertruck has even been out) is simply 30.5%, and amongst pickup vehicles particularly, it is simply 23.7%. That places the Cybertruck’s close to 50% decline within the final yr within the far backside tier for the class.
Against this, in accordance with Kelly Blue Book, a 2022 Rivian R1T, additionally an EV pickup truck, has solely misplaced 39% of its beginning worth. KBB additionally says that the 2023 mannequin of the great-granddaddy of all pickups, the Ford F150, has dropped a mere 33% in the identical period of time the Cybertruck has been round.
Predicting the place costs will likely be in a number of years is a bit difficult right here, since not like the F150, the Cybertruck is simply too new to have arduous knowledge on the way it normally performs over the long run. Nevertheless, TopSpeed estimates that it’s going to fall by 59.5% in 5 years, and a whopping 72.5% in 10. These numbers aren’t stunning given the present state of the corporate’s gross sales.
Cybertrucks Are Turning into A Robust Promote
There are extra storm clouds on the Cybertrucks’ horizon, too, they usually do not look good for resale worth. Due to a recall earlier this yr, we all know that Tesla has only delivered around 46,000 Cybertrucks to this point. Whereas that quantity does not look too unhealthy in a vacuum, CEO Elon Musk was initially claiming that he had over one million preorders for these low-res-looking vehicles.
Worse, Tesla dealerships seem like sitting on over $200 million worth of Cybertruck inventory that they simply cannot shift. Phrase is that issues have deteriorated to the purpose the place mentioned dealerships will not even take Cybertrucks — their very own autos! — as trade-ins anymore for concern they will not be capable to promote them once more. None of that’s good for resale numbers, and pushing it down additional is the straightforward incontrovertible fact that Tesla retains slashing the worth of recent Cybertrucks, right down to round $75,000 for a base mannequin from an authentic worth of $100,000.
Moreover, the truth that political backlash in opposition to Musk’s dealing with of the federal authorities paperwork has led to vandalism against Teslas, and particularly Cybertrucks, throughout the nation. If a possible purchaser is fearful {that a} Tesla is perhaps a goal, they are not possible to purchase a used one for a excessive worth, if in any respect.
