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When buying a car, its resale value should play an important role in your decision, especially when you are in a five-year buying and selling cycle. The value a vehicle retains after five years can mean savings for the owner, whether they sell it or exchange it for a new vehicle.
Kelly’s Blue BookThe Best Resale Award for 2022 aims to provide us with a list of vehicles that retain the highest value after five years of ownership. Car shopping websites have listed ten of the best and most interesting, seven of which are trucks.
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Top of the list is the new Toyota Tundra, which retains 70.2 percent of its value after owning it for five years. This means the $53,595 2022 Tundra Limited could potentially sell for more than $37,000 by the time its owner wants to replace it with a newer truck.
Following the Tundra is the 2022 GMC Sierra. On average, it holds 60.8 percent of its value even after five years – lower than what the Tundra offers but still significantly higher than the industry average of 40 percent over five years.
Five other pickups that are included in the 2022 KBB Best Resale Awards are the Toyota Tacoma, Ford Maverick, Ford Ranger, Ford Ranger, and Jeep Gladiator. All of these signage retain more than 50 percent of their value after 60 months.
There are three vehicles on the KBB list that are bedless. The Chevrolet Corvette outperformed all three, matching the Ford Maverick by holding 59.5 percent of its value after five years. The Toyota 4Runner followed at 58.6 percent, while the Tesla Model X at 57.6 percent.
Overall, Toyota topped the list of KBB brands with the best resale value, picking up the title for the fifth time in six years. Toyota’s luxury arm, Lexus, takes the lead in the luxury brand category for the seventh time.
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