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2024 Best Resale Value Awards: Top Cars, Trucks, and SUVs – Kelley Blue Book

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When it comes to buying and selling a car, resale value is hugely important. A new car that loses its value faster than its rivals can cost you money in lower trade-in value or the possibility of owing more than it may be worth in a long-term loan. That’s why choosing a vehicle with solid resale value can save you much more money in the long run. Our annual Best Resale Value Awards make it easier to find true long-term value.

The awards:

•  10 Best Overall Resale Values of 2024

•  2024 Best Resale Value SUVs

•  2024 Best Resale Value Cars

•  2024 Best Resale Value Trucks, EVs, Minivan

•  2024 Best Resale Value Brands

10 Best Overall Resale Values of 2024

Kelley Blue Book’s annual Best Resale Value Awards recognizes the 10 individual vehicles that are projected to retain the highest percentage of their original manufacturer’s suggested retail price (MSRP). This list represents the best of the best, and the threshold for this honor is high.

These vehicles retain their value better than 95% of all other models. While the average new vehicle will be worth about 42.4% of its original sticker price after 60 months, these 10 vehicles will return an average of about 59% to their owners’ pockets. For a $35,000 vehicle, that works out to a meaningful difference of nearly $6,000 over a 5-year buy-own-sell ownership cycle. Recouping more money when you sell a vehicle can mean a bigger down payment and lower monthly payments on your next one. Imagine having an extra $6,000 to put down on your next vehicle. That’s why choosing a car with good resale value can often save you more money in the long run than chasing big rebates and other incentives.

Here is KBB’s list of the 10 best overall resale values of 2024.

Best Resale Value Top 10 for 2024

Rank Model 5-Year Resale Value
1 2024 Ford Bronco 66.7%
2 2024 Toyota Tacoma  62.6%
3 2024 Mercedes-Benz G-Class 61.2%
4 2024 Toyota Tundra 60.4%
5 2024 Chevrolet Corvette 59.0%
6 2024 Toyota GR Supra 57.2%
7 2024 Toyota Prius 55.3%
8 2024 Toyota 4Runner  54.6%
9 2024 Porsche 718 Cayman   54.2%
10 2024 Ford Maverick  54.0%

2024 Best Resale Value: SUVs

2024 Subaru Crosstrek Sport in green near bushes.
2024 Honda CR-V in blue.
2024 Hyundai Palisade in white.
2024 Toyota Sequoia in white, parked near a building.
2024 Ford Bronco Raptor Code Orange in black.
2024 Lexus UXh in white, studio shot.
2024 Lexus NX in white.
2024 Lexus RX350 F Sport in blue with mountains in the background.
2024 Mercedes-AMG G63

2024 Best Resale Value: Cars

2024 Honda Civic
2024 Honda Accord in charcoal grey.
The 2024 Chevrolet Corvette E-Ray seen from a front quarter angle
2024 Lexus IS 350 F Sport driving down a highway.
2024 Lexus ES 350 in silver driving down a street.
2024 Lexus LS in white near a building.

2024 Best Resale Value: Trucks, EVs, Minivan

2024 Toyota Prius Limited in silver on GMR.
2024 Hyundai IONIQ6 Limited in red with hills and cactus in the background.
2024 Rivian R1S
The 2024 Ford F-150 Lightning Flash seen from a front quarter angle
2024 Mercedes-Benz Mercedes-EQ EQE
2024 Cadillac LYRIQ Luxury trim at sunset.
2024 Toyota Sienna Limited in white parked near red hills.
2024 Ford Maverick driving off-road.
2024 Toyota Tacoma in orange on a dirt road.
The 2024 Toyota Tundra seen from a front quarter angle

2024 Best Resale Value: Brands

2024 Toyota RAV4 Hybrid XSE in blue near a bridge.
Front view of the 2024 Lexus TX in white

What is resale value?

At some point, you may want to sell your car. Resale value is the predicted market value of your car, truck, or SUV when it comes time to sell.

How does Kelley Blue Book determine which cars have the best resale value?

Kelley Blue Book’s Best Resale Value Awards are based on projections from the Kelley Blue Book Official Residual Value Guide. Kelley Blue Book Residual Values are established by experienced automotive analysts who review the output from statistical models built upon millions of transactions. Vehicles that earn the highest 5-year residual values, expressed as a percentage of their original manufacturer’s suggested retail price (MSRP), are selected for these prestigious awards. Low-volume vehicles are excluded from award consideration, except in the electric, luxury, and sports car categories.

Does resale value really matter?

Yes. Choosing the right model brings peace of mind that you’ve made the right decision. If a vehicle has a strong resale value, it will be worth more when it comes time to trade. This is a great way to reduce your overall vehicle expenses, something we can all use in these uncertain times.

About the Best Resale Value Awards

Kelley Blue Book’s Best Resale Value Awards are annual recognitions that go to the brands and vehicles that do the best job retaining value.

Kelley Blue Book’s stock-in-trade is vehicle valuation. We have nearly 100 years of experience determining what cars are worth. With a comprehensive data set that includes vehicle specifications, trims, sales volume, economic conditions, and auction results, Kelley Blue Book can predict and track vehicle depreciation. That information is free, and offering it on our site is a useful tool in helping you decide on the right vehicle to meet your pocketbook and transportation needs.

Dealers, lenders, and private parties also rely upon our car values when determining how much to take in trade, and setting lease rates and purchase prices. Vehicles with the lowest depreciation rate, as determined by our valuation team, underpin the Best Resale Value Awards. This recognition goes to the products and brands demonstrating the highest retained value during the first 60 months of ownership.



This article was originally published by a www.kbb.com . Read the Original article here. .

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