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Cars with the worst resale value in 2022

Car values are all over the map right now. Used vehicles that were worth a small fortune earlier this year are now coming back to Earth, but the new vehicle supply remains tight. Prices are still elevated overall, but some models have seen more severe price drops. Depreciation strikes almost every model, supply constraint or not, though a few vehicles are leading the way. New research from analytics iSeeCars found that a handful of cars depreciated more than 50 percent over five years, with the BMW 7 Series dropping 56.9 percent and an average price cut of $61,923 over that time. The vehicles with the highest depreciation — or worst resale value — over five years: BMW 7 Series: -56.9% Maserati Ghibli: -56.3% Jaguar XF: -54% Infiniti QX80: -52.6% Cadillac Escalade ESV: 52.3% Mercedes-Benz S-Class: 51.9% Lincoln Navigator: -51.9% Audi A6: -51.5% Volvo S90: -51.4% Ford Expedition: -50.7% iSeeCarsÂ’ research showed that midsize trucks, sports cars, and fuel-efficient vehicles were slowest to depreciate over five years, while itÂ’s clear that luxury brands tend to lose value much faster. As iSeeCarsÂ’ Executive Analyst Karl Brauer explained, used buyers donÂ’t value high-end vehiclesÂ’ features as much as the first owners, so resale values tend to be softer. The tech and options that made the cars so expensive and appealing new donÂ’t add the same value on the used market. Read more: Cars with the best resale value Interestingly, electric vehicles also depreciated quite heavily, though they were just short of the abysmal numbers in luxury segments. The Nissan Leaf depreciated most among EVs, dropping by 49.1 percent. The average EV depreciation is 44.2 percent, with the Tesla Model S and Model X sliding in right under the bar at 43.7 and 38.8 percent, respectively. As iSeeCars notes, itÂ’s important to be vigilant when car shopping and not let your emotions win over reason. Shiny new luxury cars look great in the showroom, but you could end up taking a bath when you try selling them a few years later on. Related video: Audi BMW Cadillac Ford Infiniti Jaguar Lincoln Maserati Mercedes-Benz Volvo Car Buying Used Car Buying Ownership Resale Value depreciation

2022 Volvo XC60 Recharge First Drive Review | Pumping up the electric range

PALM SPRINGS, Calif — It may not look like it on the outside, but the 2022 Volvo XC60 Recharge is a substantially updated plug-in hybrid SUV. In fact, the entire XC60 line is refreshed for the 2022 model year, but weÂ’re going to zero in on the Recharge PHEV.  Volvo let us spend a day behind the wheel of the newly-announced “extended range” Recharge model in sunny California, and we came away with far more feelings than expected from this Swedish crossover. Just so everybody is on the same page, the “extended range” Recharge represents a mid-model-year refresh of the XC60 Recharge. There were 2022 model year XC60 Recharge models sold prior to today that featured the same electric hardware as prior model years, and therefore featured the old EPA-estimated electric range of 19 miles on a full charge. The “extended range” model that we drove bumps that all the way up to 36 miles, nearly doubling the previous range. Volvo says that these new “extended range” models are the ones shipping to dealers now, not the older model. This is definitely something to be aware of in later years should you find a used 2022 XC60. So, how has Volvo found this much extra range? The big difference is in the battery pack, going from an 11.6-kilowatt-hour pack to an 18.8-kWh pack. Volvo managed to package a third layer of cells into the pack that it didnÂ’t have before, and it did so in the same space as before — it continues to run along the carÂ’s spine in the center tunnel area. Volvo claims that this more energy-dense battery pack will take 5-8 hours to charge when hooked up to a 240V power source, so you should easily get a full charge by leaving it plugged in overnight, assuming you have the applicable charging hardware.  This new battery pack is paired with a totally revamped powertrain setup. The layout is the same as before. That means there is an electric motor positioned on the rear axle that drives the rear wheels and a gasoline engine in front that exclusively powers the front wheels, thereby giving the XC60 Recharge all-wheel drive. To our delight, both the electric motor and the gasoline engine are new this year. The new rear electric motor represents a big power boost, with 143 horsepower greatly surpassing the old motorÂ’s 87 horsepower. Ultimately, this means that the XC60 Recharge is now significantly more enjoyable to drive in its purely electric mode (aptly named “Pure”).

Volvo Cars to leave ACEA car lobby group over climate goals

LONDON — Volvo Cars said on Friday it will leave the European Automobile Manufacturers Association (ACEA) by the end of 2022, citing differences between its zero-emission strategy and that of Europe's car lobby group. The Swedish carmaker has committed to having a fully-electric car range by 2030, well ahead of the European Union's proposal for an effective ban on fossil-fuel cars as of 2035. Volvo has been a proponent of moving more swiftly to zero-emission transport, but after the EU parliament voted in June in favour of the 2035 deadline the ACEA said that "any long-term regulation going beyond this decade is premature at this early stage." In a statement Volvo said "we have concluded that Volvo Cars' sustainability strategy and ambitions are not fully aligned with ACEAÂ’s positioning and way of working at this stage." "We therefore believe it is better to take a different path for now," the carmaker added. "What we do as a sector will play a major role in deciding whether the world has a fighting chance to curb climate change." The news comes less than a month after world No. 4 carmaker Stellantis said it would leave the ACEA by the end of 2022 as part of a new approach to addressing issues and challenges of future mobility, including a shift away from traditional lobbying activity. The European Automobile Manufacturers Association, widely known by its French acronym ACEA, has been the industry's main lobbying group since its creation in 1991, uniting Europe's 16 major car, truck, van and bus makers.   Government/Legal Green Volvo Emissions Green Automakers Electric