KBB released its list of resale value winners yesterday with Toyota, Tesla and Porsche leading the way.
Toyota won Kelley Blue Book‘s Best Resale Value Award for Brands for the fourth time while Porsche won the Best Resale Value Award for Luxury Brands for the 3rd consecutive year.
Surprisingly, the Tesla Model 3 was deemed to have the best resale value in the electric vehicle segment. According to KBB, the Model 3 is projected to keep almost 70 percent of its value after 3 years and almost 50 percent after 5 years because of demand and the EV’s unwavering popularity.
KBB’s data suggests that a vehicle will retain only 39 percent of its value after 5 years on average. On the other hand, the top 10 vehicles in KBB’s best resale value ranking average less than 50 percent depreciation over the same time period. The model with the best overall resale value, the Toyota Tacoma, will retain on average 62 percent of its original value over a 60 month period.
The Top 10 Kelley Blue Book 2019 Best Resale Value Winners
Other models that made the resale value awards list include the Honda Civic, the Subaru Legacy, the Dodge Charger, the Lexus RC, the Audi A7, the Porsche Panamera, the Ford Mustang Shelby GT350, the Honda Insight, the Honda HR-V, the Subaru Crosstrek, the Subaru Legacy, the Toyota Highlander, the Lexus UX, the Lexus GX, the Lexus RX, the Lexus LX, the Honda Odyssey and the Chevrolet Tahoe.