Friday, July 1, 2022
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

The 2023 Infiniti QX55 Gains More Standard Tech

The QX55 was only introduced last year, so changes are minimal for 2023 The ProPILOT Assist system is now standard on every version ...

Jaguar will Introduce Three Electric SUVs Starting in 2025

Jaguar will replace all of its models by EVs in 2025 The Three SUVs will reportedly include two and four-door mid-size models as...

Mini Creates Maxi Puzzles to Help Ease Customer Supply Chain Woes

Tired of waiting for your Mini? How about a puzzle to pass the time Mini making garage-sized and normal-sized puzzles for waiting clients Like...

The Car Market Could Collapse if EVs Remain More Expensive, According to Stellantis

Electric vehicles have always been more expensive than equivalent models powered by combustion engines The automaker says the demand for new vehicles could...

Battery Problems Force Volkswagen to Pause Production of the ID.Buzz

The ID.Buzz is not built in the same factory as the brand’s other EVs A new supplier has been used for the batteries...

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.