Sunday, December 4, 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

Honda will Make a Hydrogen-Powered SUV Based on the CR-V in 2024

This model will be built at the company’s Performance Manufacturing Center in Ohio. It will be the first hydrogen vehicle that can also...

More power and more range for the 2024 Volvo C40/XC40 Recharge

The 2024 model year will switch to a RWD setup. Expect more power and more range. Will Polestar follow Volvo with the 2?   It...

Toyota to Launch All-New 2024 Grand Highlander in Early 2023

The new 2024 Toyota Grand Highlander will likely squeeze in between the Highlander and Sequoia. It will be revealed in full on February...

The 2023 Honda Pilot will Start at $50,650 in Canada

The new Pilot will be offered in five trim levels. Every new Pilot comes with an expanded suite of driver assistance features and...

Volkswagen Group’s First North American Battery Plant Could be in Canada

The automaker’s PowerCo battery subsidiary said it is now looking at potential sites in Canada for a new battery plant. VW’s partner, Umicore,...

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.