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The ‘Tesla Effect’ Is Crushing Used Luxury Car Values

According to Kelley Blue Book, a three-year-old 2016 BMW 320i that originally retailed for $33,150 now has a trade-in value (in top shape and with average miles on the odometer) of just under $13,500. That’s nearly a 60 percent loss in value. KBB says the best-performing vehicles in this regard will lose only 40 percent or less of their original value after three years.

https://www.forbes.com/sites/jimgorzela ... e256e424e8