Seven nameplates in the top 10 are trucks.
When purchasing a car, its resale value should be a major consideration, especially if you’re on a five-year buy-own-sell cycle. When it comes to selling or trading in a car, the value it holds after five years might represent significant savings for the owner.
The Best Resale Awards for 2022 from Kelley Blue Book tries to compile a list of automobiles that maintain the highest value after five years of ownership. The car-shopping website has compiled a list of 10 of the finest, seven of which are trucks.
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The new Toyota Tundra is at the top of the list, with a value retention of 70.2 percent after five years of ownership. This means that a $53,595 2022 Tundra Limited may fetch more than $37,000 when its owner decides to upgrade to a newer vehicle.
The GMC Sierra will follow the Tundra in 2022. Even after five years, it retains 60.8 percent of its value on average, which is lower than the Tundra but still better than the 40 percent industry average.
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The other five pickups that place in KBB’s Best Resale Awards for 2022 are the Toyota Tacoma, Ford Maverick, Ford Ranger, Ford Ranger, and Jeep Gladiator. All these nameplates retain over 50 percent of their values after 60 months.
Three of the vehicles on KBB’s list are without beds. The Chevrolet Corvette is the most valuable of the three, keeping 59.5 percent of its value after five years, matching with the Ford Maverick. The Toyota 4Runner comes in second with 58.6%, followed by the Tesla Model X with 57.6%.
Overall, Toyota takes the top spot on KBB’s ranking of greatest resale value for the fifth time in six years. For the sixth time, Toyota’s premium division, Lexus, has taken the lead in the luxury brand category.
Source: Kelley Blue Book