Yes, the 2024 Hyundai IONIQ 6 depreciates faster than the Tesla Model 3. It loses 58% of its value after 5 years. That drops the resale price to $21,085 from $49,918 when new. The Tesla Model 3 holds more value because buyers want it and trust the brand.
IONIQ 6 Drops Value Fast
Data shows the IONIQ 6 loses value quickly. After 1 year, it drops 24% to $37,850. By year 2, it falls another 11% to $31,640, a total loss of 36%. Kelley Blue Book reports a 2024 IONIQ 6 SEL lost 52% in 2 years. Current resale values range from $23,500 to $24,018.
Edmunds forecasts 5-year losses of $25,000 to $33,000 across trims. The SEL AWD trim loses $32,994 over 5 years. Other Hyundai EVs follow this trend. The IONIQ 5 loses 53% in 5 years on average.
Tesla Model 3 Holds Value Better
The Tesla Model 3 beats most EVs on resale value. It loses less than 50% over 5 years in many places. Buyers grab used Model 3s fast. Tesla updates keep demand high and prices steady.
Local demand matters. Tesla fans in some areas keep Model 3 prices strong. The IONIQ 6 faces more competition, which cuts its resale value.
| Year | IONIQ 6 Resale Value | IONIQ 6 % Value Left | Model 3 Typical % Value Left |
|---|---|---|---|
| 1 | $37,850 | 76% | 85-90% |
| 3 | $25,278 | 50% | 70% |
| 5 | $21,085 | 42% | 55-60% |
Tips to Slow IONIQ 6 Depreciation
- Buy a used IONIQ 6 now. It already lost 52% from new.
- Drive under 13,500 miles per year. Low miles boost resale value.
- Follow the service schedule. Keep records to prove good care.
- Sell before year 5. Value drops faster later.
- Check values in your area. New EVs shift local prices.
Sidekick tracks your IONIQ 6 depreciation in real time with location-based forecasts.