Final answer:
A brand new car indeed loses about 9-11% of its value as soon as it is purchased, which makes the statement true. This initial depreciation is influenced by numerous factors, including market demand and technological advancements in vehicle efficiency.
Step-by-step explanation:
The statement that a brand new car loses about 9-11% of its value immediately after purchase is true. Car depreciation is a common phenomenon where a new vehicle's value drops rapidly as soon as it leaves the dealership. The rate of depreciation can vary based on make, model, market conditions, and other factors, but the initial loss in value is predominantly within the range of 9-11%.
Car depreciation is related to numerous factors including technological advancements making cars more fuel-efficient, external elements like climate changes affecting driving habits, overall wear and tear, and the car's market demand. However, none of these factors directly negate the initial depreciation fact.
A brand new car typically loses about 9-11% of its value. This is known as depreciation. When a car is driven off the lot, it instantly loses a portion of its value. Additionally, factors such as mileage, wear and tear, and market demand can further affect the depreciation rate.