The automotive valuation experts over at Kelley Blue Book have announced their Best Resale Value Award winners for 2019.
As vehicles become more and more expensive, resale value is becoming an even more important factor in the buying process. While many consumers often don’t factor in resale value when calculating the costs of ownership, it can prove to be the most expensive part of purchasing any new vehicle. In fact, KBB data indicates that depreciation costs more than fuel, maintenance and insurance combined in the first five years of vehicle ownership combined.
Knowing which cars hold their value the best on the second-hand market can be extremely helpful. Scroll down take a look at which new cars will hold the highest percentage of their original retail price on the used market and feel free to let us know what vehicles you think KBB missed in the comments below.
This is a catch-all list, so all body styles were eligible, including trucks and SUVs.
10. Porsche Macan
On average, the Porsche Macan retains 65% of its value after 36 months and 50% of its value after 60 months. We imagine a combination of brand equity and demand is helping the Macan hold onto its value.
9. Ford F-Series
Pickup trucks always hold their value well and the Ford F-Series is no exception. The average F-Series will retain 57.5% of its resale value after 36 months and 50.6% after 60 months. That’s impressive when you consider that the F-Series is the best-selling vehicle in America and is therefore rather easy to come by on the used market.
8. Chevrolet Colorado
The Chevrolet Colorado will retain 59.9% of its value after 36 months and 50.9% of its value after 60 months. Half-ton pickups aren’t the only trucks in high demand.
7. Honda Ridgeline
Narrowly beating out Chevy’s mid-size truck is the competing Honda Ridgeline, which will retain 63.2% of its resale after 36 months and 51.3% after 60 months.
6. Chevrolet Silverado
The pickup trucks continue to dominate in the space of residual value, with the Chevrolet Silverado retaining 59.8% of its resale value after 36 months and 53.7% after 60 months.
5. Toyota 4Runner
The tough, reliable and gargantuan Toyota 4Runner remains a second-hand market favorite, retaining an awesome 65.7% of its resale value after 36 months and 56.7% after 60 months. The 4Runner may not be not cheap to buy, but at least you’ll be getting some of that money back should you decide to sell.
4. GMC Sierra
The GMC Sierra is even stronger than the Silverado when it comes to resale, retaining 62.2% of its resale value after 36 months and 56.7% after 60 months.
3. Toyota Tundra
The Toyota tax is all too real. The Toyota Tundra will sell retain 66.6% of its resale value after 36 months and 56.9% after 60 months.
2. Jeep Wrangler
The Jeep Wrangler is the only American entry on this list that isn’t a pickup. The Wrangler has famously high residual value, retaining 66.5% of its resale value after 36 months and 58.3% after 60 months.
1. Toyota Tacoma
The Toyota Tacoma is the undisputed king of residual value, holding onto 69.4% of its value at 36 months and an incredible 62.2% after 60 months.