New car buyers will collectively lose over $1 billion in value over the next two years due to a spike in depreciation rates.
Depreciation rates on new cars have risen sharply because the market has been flooded with new vehicles, many of which quickly turn up on the second-hand market.
The trend has been exacerbated by the tourism boom which has seen a flood of ex-rental cars add to the tens of thousands of nearly new ex-lease cars that reach the second-hand market each year, dragging down the resale value of used cars.
find source
here 
