Saturday, June 12, 2021
News JD Power Says GMC Sierra 3500 Has Best Resale Value Anywhere

JD Power Says GMC Sierra 3500 Has Best Resale Value Anywhere

JD Power awards vehicles with best-in class residual values

  • Sierra tops HD pickups, industry for resale value

  • Honda, Toyota each take five class trophies


If you’re looking at a new car or truck, and the only thing you care about is resale value, then you’re going to want a GMC Sierra 3500 sitting in your driveway, according to the 2020 J.D. Power U.S Resale Value awards. The awards are entering their third year letting buyers know which vehicles are most likely to keep their value three years into your buying experience.

J.D. Power 2020 Resale Value Awards | Photo: JD Power

“Our transaction database shows which models have the lowest depreciation costs, hence providing consumers with a key component in the total cost of ownership of the vehicle they plan to purchase or sell,” said Jonathan Banks, vice president & general manager of vehicle valuations at J.D. Power.

When it comes to brands, Honda and Toyota both took home the most model-level awards at five each. Honda’s Accord, Civic, Fit, HR-V, and Odyssey were each best in class, as were the Toyota 4Runner, 86, Prius v, Tacoma, and Tundra.

J.D. Power 2020 Resale Value Awards | Photo: JD Power

For this year’s awards, 270 models were evaluated using nearly 600,000 transactions, taking the used vehicle wholesale prices. That’s what dealers pay for vehicles, making it more relevant to vehicle owners than retail used car pricing. This year’s results use 2017 model year vehicles for the calculation.

Other leading brands include Lexus with three crossovers and the GS sedan taking their class prizes, Chevrolet with two, and Dodge with a pair for the Challenger and Charger.

Trending Now

A Porsche 718 Cayman GT4 RS Might Become The Purest Porsche

A Porsche RS is the ultimate street-legal race-ready spec. The Porsche 718 Cayman GT4 is already one of the all-time great driving cars. The...

New Nissan Z Production Model To Be Revealed On August 17th

The debut will take place just ahead of the 2021 NYIAS. Order books were said to open in November but that might change. We’ll...

This F-150 is the Best Retro Pickup Yet

Retro paintwork combines with retro light bar Offered new by Ford dealer and gets Rousch Performance gear If you're looking for the coolest retro...

Ford F-150 Lightning Has 100,000 Pre-Orders And Counting

Ford’s EV product run will also include an electric version of the Explorer. The Lightning was revealed on May 19th. Based price in...

Jeep Prices Three-Row 2021 Grand Cherokee L From $37k

New Grand Cherokee L hits dealers this quarter Ranges from under $37k to more than $65 Jeep has priced the 2021 Grand Cherokee L....

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.