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car depreciation 2023

In Australia, car depreciation in 2023 finally eased back from the pandemic madness, but values still slid in the usual fashion.

Most mainstream new cars dropped around 10–20% in the first year, with popular utes and small SUVs holding value slightly better than niche or luxury metal. From the 2022 used-car peak, many models softened by about 5–10% across 2023, while discounted EVs saw sharper corrections of 15–30% as new prices fell.

Low kilometres, full service history, and sensible colours help, while thirsty large sedans and premium badges tend to shed dollars fastest. If you want to dodge the steepest hit, buy nearly-new (12–24 months old) and let someone else cop the initial plunge.

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Top picks for "car depreciation 2023"

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2023 Volvo XC60 SUV Automatic
Price drop
Cars For Sale
$42,000$43,000Negotiable
2023 Volvo XC60 SUV Automatic
St Ives, NSW
2023 FORD EVEREST SPORT WAGONCars For Sale
$61,888Excl. Govt Charges
2023 FORD EVEREST SPORT WAGON
Myaree, WA
Opens seller's site
2023 MAZDA CX MAXX SPORT (FWD) CX3H 4D WAGONCars For Sale
$22,999Excl. Govt Charges
2023 MAZDA CX MAXX SPORT (FWD) CX3H 4D WAGON
Seven Hills, NSW
Opens seller's site
2023 HINO 300 SERIESCars For Sale
$69,975Excl. Govt Charges
2023 HINO 300 SERIES
North Fremantle, WA
Opens seller's site
2023 VOLKSWAGEN AMAROK LIFE TDI500 4MOTION NF MY23 UTE TRAY, 4 DOORS, 5 SEATSCars For Sale
$43,990Excl. Govt Charges
2023 VOLKSWAGEN AMAROK LIFE TDI500 4MOTION NF MY23 UTE TRAY, 4 DOORS, 5 SEATS
Yass, NSW
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2023 KIA Rio Rio Sports Hatchback Automatic5Cars For Sale
$19,500
2023 KIA Rio Rio Sports Hatchback Automatic
  • 27,200 km
  • Automatic
  • Hatchback
  • Petrol
Hobart, TAS
2023 MITSUBISHI PAJEROSPORT GSR(4WD)7SEAT QFMY23 4D WAGONCars For Sale
$42,990Sale
2023 MITSUBISHI PAJEROSPORT GSR(4WD)7SEAT QFMY23 4D WAGON
  • 71,339 km
  • Automatic
  • SUV
  • Diesel
Edgeworth, NSW
2023 BMW 3 Series G20 320I Sedan Automatic5Cars For Sale
$54,000
2023 BMW 3 Series G20 320I Sedan Automatic
  • 31,000 km
  • Automatic
  • Sedan
  • Petrol
Merrylands, NSW
2022 LDV D90 SUV Automatic15Cars For Sale
$19,900Negotiable
2022 LDV D90 SUV Automatic
  • 123,000 km
  • Automatic
  • SUV
  • Diesel
Whyalla, SA
2023 TOYOTA KLUGER SUV22Cars For Sale
$49,800Excl. Govt Charges
2023 TOYOTA KLUGER SUV
  • 51,298 km
  • Automatic
  • SUV
  • Petrol Hybrid
Windsor, NSW
2023 Hyundai i30 N Line Hatchback Automatic11Cars For Sale
$31,000Negotiable
2023 Hyundai i30 N Line Hatchback Automatic
  • 18,193 km
  • Automatic
  • Hatchback
  • Petrol
Gympie, QLD
2023 SUBARU CROSSTREK 2.0L G6X MY24 AWD SUVCars For Sale
$31,888Excl. Govt Charges
2023 SUBARU CROSSTREK 2.0L G6X MY24 AWD SUV
  • 31,277 km
  • Automatic
  • SUV
  • Petrol
Griffith, NSW
2023 Mercedes-AMG E63 S Final Edition W213 MY23Cars For Sale
$229,990Excl. Govt Charges
2023 Mercedes-AMG E63 S Final Edition W213 MY23
  • 15,801 km
  • Automatic
  • Sedan
  • Petrol
Port Melbourne, VIC
2023 FORD RANGERCars For Sale
$29,975Excl. Govt Charges
2023 FORD RANGER
  • 77,166 km
  • Automatic
  • Ute
  • Diesel
North Fremantle, WA
2023 TOYOTA RAV4 GX AXAH52R SUVCars For Sale
$39,990Excl. Govt Charges
2023 TOYOTA RAV4 GX AXAH52R SUV
  • 38,943 km
  • Automatic
  • SUV
  • Petrol Hybrid
Derwent Park, TAS
2023 SUZUKI VITARA LY SERIES II SUVCars For Sale
$19,888Excl. Govt Charges
2023 SUZUKI VITARA LY SERIES II SUV
  • 78,775 km
  • Automatic
  • SUV
  • Petrol
Derwent Park, TAS
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2023 FORD EVEREST SPORT WAGONCars For Sale26
$61,888Excl. Govt Charges
  • Odometer64,055 km
  • TransmissionAutomatic
  • BodySUV
  • FuelDiesel

Introducing the stunning blue 2023 ford everest sport, a versatile suv designed perfectly for larger families and those needing extra passenger capacity. This spacious vehicle...

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2023 MITSUBISHI ECLIPSE CROSS SUV22Cars For Sale
$29,980Excl. Govt Charges
2023 MITSUBISHI ECLIPSE CROSS SUV
  • 53,934 km
  • Automatic
  • SUV
  • Petrol
Windsor, NSW
2023 TOYOTA HILUX GUN136RCars For Sale
$41,975Excl. Govt Charges
2023 TOYOTA HILUX GUN136R
  • 40,534 km
  • Automatic
  • Ute
  • Diesel
North Fremantle, WA
2023 KIA CERATO SPORT BD MY23 4D SEDANCars For Sale
$23,800Excl. Govt Charges
2023 KIA CERATO SPORT BD MY23 4D SEDAN
  • 93,824 km
  • Automatic
  • Sedan
  • Petrol
Seven Hills, NSW
2023 HYUNDAI TUCSON NX4.V2 MY24 SUVCars For Sale
$23,990Excl. Govt Charges
2023 HYUNDAI TUCSON NX4.V2 MY24 SUV
  • 101,703 km
  • Automatic
  • SUV
  • Petrol
Derwent Park, TAS
2023 SUZUKI VITARA LY SERIES II SUVCars For Sale
$19,888Excl. Govt Charges
2023 SUZUKI VITARA LY SERIES II SUV
  • 77,265 km
  • Automatic
  • SUV
  • Petrol
Derwent Park, TAS
2023 ISUZU D-MAXCars For Sale
$39,975Excl. Govt Charges
2023 ISUZU D-MAX
  • 123,728 km
  • Automatic
  • Ute
  • Diesel
North Fremantle, WA
2023 TOYOTA RAV4 SUV23Cars For Sale
$52,990Excl. Govt Charges
2023 TOYOTA RAV4 SUV
  • 43,033 km
  • Automatic
  • SUV
  • Petrol Hybrid
Windsor, NSW
2023 TOYOTA KLUGER SUV24Cars For Sale
$62,990Excl. Govt Charges
2023 TOYOTA KLUGER SUV
  • 20,851 km
  • Automatic
  • SUV
  • Petrol
Windsor, NSW
2023 Hyundai Tucson NX4.V2Cars For Sale
$24,990Drive Away
2023 Hyundai Tucson NX4.V2
  • 86,148 km
  • Automatic
  • SUV
  • Petrol
Essendon North, VICJust Listed
2024 MITSUBISHI ASX ES (2WD) XD MY24 4D WAGONCars For Sale
$23,999Excl. Govt Charges
2024 MITSUBISHI ASX ES (2WD) XD MY24 4D WAGON
  • 38,562 km
  • Automatic
  • SUV
  • Petrol
Seven Hills, NSW
2023 MERCEDES-BENZ SPRINTER VS30Cars For Sale
$44,975Excl. Govt Charges
2023 MERCEDES-BENZ SPRINTER VS30
  • 125,241 km
  • Automatic
  • Van
  • Diesel
North Fremantle, WA
2023 HINO 300 SERIESCars For Sale
$69,975Excl. Govt Charges
2023 HINO 300 SERIES
  • 39,820 km
  • Automatic
  • Ute
  • Diesel
North Fremantle, WA
2023 MAZDA CX-5 G35 GT SP KF SERIES AWD SUVCars For Sale
$37,990Excl. Govt Charges
2023 MAZDA CX-5 G35 GT SP KF SERIES AWD SUV
  • 65,432 km
  • Automatic
  • SUV
  • Petrol
Bomaderry, NSW
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