The highest depreciating family car in the UK has been revealed with the Jaguar I-Pace the most affected vehicle on the roads, according to new analysis. New analysis from Carmoola's Car Depreciation Index, alongside vehicle data specialists Brego, found the British marque tends to lose thousands of pounds in value.

The data shows the electric SUV depreciated by 66.8% after three years on the road or 36,000 miles. I-Pace models are valued at an eye-watering £69,995 meaning over £40,000 is lost off the value of their vehicles. A 66.8% discount would see values fall to around £23,238 after 36 months behind the wheel.

Motoring experts at Carmoola explained: "While electric vehicles are gaining popularity, our data shows they tend to lose value more quickly than petrol or hybrid cars. The Jaguar I-PACE tops the list of fastest depreciating family cars, losing 66.8 percent of its value over three years... Collectively, owners of the Jaguar I-PACE have seen an estimated £432 million lost in value due to depreciation."

The Jaguar I-PACE was the first all-electric car produced by the iconic British manufacturer. Until recently, the I-PACE was the only all-electric model the brand offered despite its popularity starting to wane.

Despite this, Jaguar is confident the worst is over and believes demand for the model has already started to turn around. Jaguar has accepted there had been a challenging 18 months of declining used car values across the industry.

They said this was largely driven by the absence of government incentives for electric vehicles. However, they claim that recent months have seen a steady recovery in the values of I-PACE vehicles across the country.

Meanwhile, Jaguar claimed there was growing demand in the used market while leasing companies are increasingly encouraging drivers to extend their contracts.

A spokesperson for Jaguar told the Express: "Jaguar I-PACE values are showing clear signs of recovery, reflecting renewed demand and market confidence amid broader industry challenges.

"Jaguar continues to monitor market dynamics closely and remains committed to supporting customers and partners through this evolving landscape."

It comes after data found the Porsche Macan had the strongest value retention after the years. The iconic German vehicle was found to depreciate by just 19.9%, closely followed by the Toyota Taris Cross at 20.2%.