Motus released its 2019 Cost of Vehicle Ownership Trend Report, which reveals how new vehicle prices, residual values and depreciation directly impact the costs of owning and operating vehicles.
The report found that depreciation accounted for 32.9 percent of the total cost to own and operate a vehicle over the past 12 months.
“This is a slight year-over-year decrease and establishes a three-year trend of gradual decreases in the rate of depreciation, representing an eight percent improvement since 2016,” said Ken Robinson, market research analyst for Motus.
Read more to access the full report.
