Filed under: Ford Motor Co, General Motors, Autos, Chrysler
Almost nothing loses its value faster after being bought than an automobile. In fact, the average American car purchased in 2008 lost a third of its value by 2010, according to data compiled by consumer information site Edmunds.com. The reasons for that vary, but interestingly, the reason most people would expect cars to drop in value -- poor reliability leading to broken parts and expensive repairs -- is almost never the reason they actually depreciate so much. According to an Edmunds...The 10 New Cars That Lost the Most Value in 2010 originally appeared on DailyFinance.com on 2011-08-01T06:30:00Z.
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