Car sales website iSeeCars.com recently analyzed more than 4.3 million new and used car and attempted to identify the vehicle models with the lowest amount of depreciation five years after being sold.
Vehicles that hold their value well typically have traits that are desirable for a wide variety of consumers. Reliability, practicality, safety and brand reputation are strong influencing factors when it comes to resale value. Large trucks and SUVs also hold their resale value well, as they are in high demand but can be expensive to buy new – makign them very popular second-hand vehicles.
“The lower depreciation for pickup trucks is likely because it is a growing vehicle segment and their popularity is keeping values high,” said iSeeCars CEO Phong Ly.
iSeeCars explains body-on-frame SUVs, like the Toyota 4Runner, have strong value retention for the same reasons.
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“The Toyota 4Runner is a body-on-frame SUV, which means it’s built like a truck and has truck-like durability,” said Ly. “Its ruggedness and reputation for being a reliable vehicle help contribute to its value retention.”
Below are the top 10 vehicles that have the strongest resale value after five years, according to iSeeCars. The average new vehicle loses 50.2 percent of its value after five years, so all vehicles on this list will come in below the industry average.
10. Ram 1500
The Ram 1500 depreciates by 42.7% after five years, 7.5% below the industry average.
9. Subaru Impreza
The Subaru Impreza depreciates by 42.3% over five years, which is 7.9% below the industry average.
8. GMC Sierra 1500
The GMC Sierra depreciates by 39.9% over five years, Which is 10.3% below the industry average.
7. Chevrolet Silverado 1500
The Chevrolet Silverado depreciates by just 39.7% after five years, 10.5% below average.
6. Toyota 4Runner
The Toyota 4Runner’s reliability and practicality help it achieve low five-year depreciation of 38.1%, which is 12.1% below average.
5. Nissan Frontier
The Nissan Frontier depreciates 37.8% after five years, 12.4% below average.
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4. Toyota Tundra
The Toyota Tundra depreciates 37.1% after five years, 13.1% below average.
3. Toyota Tacoma
The Tacoma may be old, but its customers like it just the way it is. It retains more than 70% of its value after five years, dipping in price by just 29.5%. That’s 20.7% below average.
1. and 2. Jeep Wrangler and Jeep Wrangler Unlimited
Are you shocked? The Jeep Wrangler is the undisputed king of residual value. It depreciates by 27.3% after five years, 22.9% below average. That’s true for both two-door Wrangler and four-door Wrangler Unlimited models.