If you're car shopping, you may have heard the adage that new cars lose 10% of their value as soon as you drive them off the dealer lot. A new report from CNBC and the automotive research firm Black Book should make car buyers feel a little better about their purchases. They found that the severe supply disruptions during the pandemic and other factors changed long-held car depreciation rules, perhaps for the long term. New cars, the study said, now retain roughly 10% more of their value after three years than was the case in 2019.
