Chart 1. Annual depreciation rates by automobile age
| Age of automobile, in years |
Depreciation rate for new automobiles |
New automobiles, average depreciation |
Used automobiles, average deprecation |
|
0
|
23.9 |
12.1 |
10.3 |
|
1
|
11.3 |
12.1 |
10.3 |
|
2
|
10.8 |
12.1 |
10.3 |
|
3
|
14.0 |
12.1 |
10.3 |
|
4
|
13.7 |
12.1 |
10.3 |
|
5
|
13.1 |
12.1 |
10.3 |
|
6
|
11.4 |
12.1 |
10.3 |
|
7
|
8.7 |
12.1 |
10.3 |
|
8
|
9.9 |
12.1 |
10.3 |
|
9
|
6.9 |
12.1 |
10.3 |
|
10
|
4.9 |
12.1 |
10.3 |
|
11+
|
10.3 |
12.1 |
10.3 |