When you are looking to buy a car, truck or SUV, you often put a higher weight on the sale price as a significant factor when choosing the best option. However, the truth is that it’s often necessary to account for the resale price as well. Value is never constant and will start to go down at a rate that hinges on the actual vehicle itself.
Vehicle evaluation companies like the Kelly Blue Book recommend SUVs and pickup trucks as these vehicle types have the least amount of depreciation.
According to Kelly Blue Book, the typical depreciation rate for most vehicles is around 33 percent of the original sale price after the first five years of ownership. However, a lot of the vehicles on this list will end up getting more than half their value back in the same amount of time. This variation in resale price can have an effect on your savings in the long run.
The actual resale value for these vehicles is calculated using different metrics. Usually, factors like sales data, demand history, current vehicle data, economic predictions, competing vehicle prices, and expert analysis of marketing and pricing are used to calculate resale data. This is how companies like Kelly Blue Book manage to compile an accurate resale list.
Kelley Blue Book 2018 Resale Value
You’ll find that these lists aren’t as surprising as you would think. In the second-hand market, vehicles like Tacoma, Tundra, and 4Runner can rack up a hefty resale price. It’s not hard to find that these types of vehicles dominating the resale market.
Main Headlines From This Years List
At first glance, it’s interesting to see how certain trucks compare in terms of their resale ranking. The Tundra trumps the 4Runner in the same period of time. However, when you look at their resale data, the 4Runner gets a retained resale value of 65.8 percent, while the Tundra gets 64.7 percent. It’s evident in other vehicle types as well where Yotas can outrank cult classics like the Jeep Wrangler.
The big contenders like Chevy and Ford trucks sit comfortably near the top in terms of demand like you would expect. The only vehicles that don’t make it to this this list are offerings from Ram. Companies like Chevrolet/GMC with their 1500 series and companies like Ford with the F-150s hold their place over Ram trucks.
One of the more astonishing things in this list is the Honda Ridgeline. It isn’t even on the radar for most people when considering trucks, yet it somehow manages to maintain decent value. This is likely due to the fact that it carries the Honda name. The WRX is another vehicle that sticks out here as the only car on the list, but it makes perfect sense with the theme of people valuing a quality vehicle.
Top 5 Best Resale Value 2018
So which is the best vehicles in this years list? Well, no surprise that they are all pickup trucks, but what should you be looking at for your next truck?
No 5. GMC Sierra
On the fifth spot in this list, the 2018 GMC Sierra sits comfortably just over its closely resembling counterpart, the Chevy Silverado. While the sales figures will outright favor the Silverado, the Sierra can certainly beat it in terms of resale value. It offers 58.4 percent of its total value after the first 36 months and 51.9 percent after a period of 60 months.
No 4. Jeep Wrangler
Coming in the fourth place is the fan-favorite 2018 Jeep Wrangler. It’s not hard to see why the Wrangler maintains such a high place. It’s an extremely capable and solid vehicle that is ready to face any off-road situation. This makes it a great investment for a new vehicle that people will recognize and demand in the used market. The 2018 Jeep Wrangler is worth 65.2 percent of its sticker price after 36 months and 54.1 percent after 60 months.
No 3. Toyota 4Runner
As we move up the list, we start to see just how much Toyotas can dominate the used market. The Toyota 4Runner sits at the third spot as one of the few body-on-frame SUVs found in the market. In terms of its resale value, the 2018 4Runner offers 65.8 percent after 36 months and 54.2 percent after 60 months.
No 2. Toyota Tundra
In the second spot is Toyota Tundra, one of Toyota’s larger offerings. While this pickup holds some age next to its competition, it can still easily outrank most domestic pickups available currently. The 2018 Toyota Tundra offers 64.7 percent resale value after 36 months and 54.2 percent after 60 months.
No 1. Toyota Tacoma
Unsurprisingly, the top place on the list is taken by the Toyota Tacoma. It’s been sitting at the number one spot of this list for the past four years in a row. It is easily the best vehicle for offering the most return for your investment.
For a period of 36 months, you get a 69.6 percent return of the total price and 61.1 percent of resale value after 60 months. This has made it the vehicle that provides the most money back after a significant period of ownership. It manages to beat its market rivals like the Chevy Colorado and Honda Ridgeline by miles.