Monday, November 23, 2020
News Toyota, Tesla, Porsche Lead Resale Value Ranking

Toyota, Tesla, Porsche Lead Resale Value Ranking

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

Chevrolet Colorado

2018 Chevy Colorado ZR2

Jeep Wrangler

2018 Jeep Wrangler Unlimited Sport
Jeep Wrangler Unlimited Sport | Photo: Olivier Delorme

Chevrolet Silverado

2019 Chevrolet Silverado
2019 Chevrolet Silverado

Porsche Macan

2019 Porsche Macan
2019 Porsche Macan

Ford F-Series

Ford F-Series
2019 Ford F-150 Limited | Photo: Ford

Toyota 4Runner

2019 Toyota 4 Runner
2019 Toyota 4 Runner

GMC Sierra

2019 GMC Sierra
2019 GMC Sierra

Toyota Tacoma

2019 Toyota Tacoma TRD Pro
2019 Toyota Tacoma TRD Pro | Photo: Toyota

Honda Ridgeline

2019 Honda Ridgeline
2019 Honda Ridgeline

Toyota Tundra

2018 Toyota Tundra CrewMax SR5
Toyota Tundra


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.

 

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Charles Jolicoeur
Charles Jolicoeur
Charles Jolicoeur was studying to be a CPA when he decided to drop everything and launch a car website in 2012. Don't ask. The journey has been an interesting one, but today he has co-founded and manages 8 websites including EcoloAuto.com and MotorIllustrated.com as General Manager of NetMedia360. He also sits on the board of the Automotive Journalists Association of Canada. Send me an email

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