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.
“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.
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.