Tesla leads the pack with the Model S facing a striking 17.2 percent year-over-year decline, translating to nearly 15,999 Saudi Riyals off its value, settling the average price around 191,598 Saudi Riyals in March 2025. Other luxury contenders like the Porsche Taycan and Ford Explorer Hybrid also suffered, with respective drops of 15.1 percent and 14.1 percent. BMW’s 5 Series Hybrid and additional Tesla models, including the Model Y, Model 3, and Model X, followed closely, each experiencing notable depreciation. Vehicles like the Maserati Levante, Jeep Gladiator, and Volvo S90 also saw significant value erosion, signaling broader challenges across premium segments.

Tesla stands as the most affected brand, with a 10.1 percent average decrease across its used lineup, amounting to an average loss of 5,686 Saudi Riyals per vehicle. Chrysler follows with an 8.9 percent dip, while brands like Maserati, Genesis, Dodge, Buick, and Chevrolet also recorded sharp declines. According to iSeeCars expert Karl Brauer, the continuous price cuts on Tesla’s new models have directly accelerated the fall in used prices, culminating in the company’s first-ever annual sales drop last year. This trend highlights both a rare buying opportunity for luxury EV seekers and a crucial need for strategic market research before purchasing.