The resale value a vehicle does/does not hold is an extremely important consideration for both buyers and sellers of used vehicles. It affects a range of transportation costs and the amount of money you as the used car seller would get from a buyer. So, if you’re interested in trading or selling your used car, depreciation and resale value should be at the forefront of your mind.
Based on Kelley Blue Book Awards
Edmunds.com states that historically some brands and models simply hold their value better than others. According to researchers and analysts at Kelley Blue Book, the following cars have been rated this year’s best in maintaining resale value longevity. The cars and trucks range from less expensive, more affordable cars to luxury, high-end vehicles – so there’s something for everyone.
Here are the winners:
Best Brand is Subaru – compacts, sedans, coupes, and hybrids
“Subaru makes high-value, long-lasting cars and SUVs that appeal to a range of car shoppers looking for quality, safety and comfort.”
Best Luxury Brand is Lexus – SUVs, sedans, coupes, and hybrids
No surprises here – Lexus has been known in the industry as having top-rate resale value for years.
“Combined with bang-for-the-buck pricing that delivers more features per dollar than the European competition, Lexus is a perennial resale value champion and consistent industry benchmark.”
Best Subcompact Car
“With leather and loads of great tech, the fun, practical, efficient and reliable Honda Fit is much more than a resale value champion.”
- Toyota Yaris
“ Combined with the automaker’s reputation for quality and longevity, the low price and high resale value of the Toyota Yaris qualify it as a smart financial decision.”
- Scion iA
“Well-equipped, the Scion iA also delivers highway fuel economy up to 42 mpg and excellent resale values.”
Overall Top Ten Winners – KBB Projections
There are 10 individual vehicle models projected to retain the highest percentage of their original suggested retail price and, believe it or not, they’re mostly SUVs and trucks.
- Toyota Tacoma
- Toyota 4Runner
- GMC Canyon
- Chevrolet Colorado
- Jeep Wrangler
- Toyota Tundra
- Subaru WRX
- Chevrolet Camaro
- GMC Sierra
- Subaru Forester
As you’re thinking about a vehicle’s resale value, it’s helpful to also think about depreciation, as the two go hand-in-hand. Depreciation begins the moment you drive a car off the lot, and it only increases as time goes by. On average, a new car will lose 20% of its total value within the first year of ownership and 60% of its total value over the first five years of its life. The good news is that cars depreciate at different speeds and in a variety of ways. The following list shows which cars have a track record of standing strong against inevitable depreciation. You might recognize a few of these brands and models from the previous lists.
AutoBlog’s List of Cars that Depreciate the Slowest
- Land Rover Range Rover
- Subaru Impreza
- Toyota Tacoma
- Jeep Wrangler Unlimited
- Nissan Frontier
- Mercedes G-Class
- Scion xB
- Nissan Versa
- Toyota FJ Cruiser
- Honda CR-V
Are you looking for the best place to sell your used car for cash fast? Contact Jason today at webuyallcarsinnj.com or call directly at 856–834–5558.