American company Kelley Blue Book recently gave out its annual awards to the makes and models that have the best resale value in 2018. Historically, KBB’s projections have proven to be highly accurate and reflective of the actual used-car market.
It’s a sobering figure: the monetary value that a new vehicle loses in depreciation during the first 60 months of ownership is greater than the cost of fuel, maintenance or car insurance. Whether you plan on selling your new car after only three years or keep it for a decade, it’s definitely worth taking into account the potential resale value of their new-vehicle purchase.
For a second consecutive year, Toyota is the mainstream manufacturer with the best resale value for its vehicles, while Porsche takes top honours among luxury carmakers. Toyota’s strong performance rests on the widely recognized reliability and durability of its vehicles, while Porsche is simply unmatched in terms of the cachet and performance capabilities of its cars.
Looking at the overall top 10, across all categories, SUVs and trucks once again dominate the list – the only car that sneaks in among them is the Subaru WRX. While on average, vehicles overall retain around 33% of their new-car value after 60 months, the models on this list retained between 46% and 61% of their value.
- 1. 2018 Toyota Tacoma
- 2. 2018 Toyota Tundra
- 3. 2018 Toyota 4Runner
- 4. 2018 Jeep Wrangler
- 5. 2018 GMC Sierra
- 6. 2018 Chevrolet Silverado
- 7. 2018 Ford F Series
- 8. 2018 Chevrolet Colorado
- 9. 2018 Honda Ridgeline
- 10. 2018 Subaru WRX
Here are Kelley Blue Book’s award winners for best resale value in 2018, in each category:
Subcompact car:
1-Honda Fit, 2-Toyota Yaris, 3-Hyundai Accent
Compact car:
1-Subaru Impreza, 2-Honda Civic, 3-Toyota Corolla iM
Mid-size car:
1-Honda Accord, 2-Subaru Legacy, 3-Toyota Camry
Full-size car:
1-Toyota Avalon, 2-Nissan Maxima, 3-Dodge Charger
Sporty compact car:
1-Subaru WRX, 2-Ford Focus RS, 3-Honda Civic Si
Sports car:
1-Porsche 718 Cayman, 2-Porsche 718 Boxster, 3-Audi S4
High-performance car:
1-Porsche 911, 2-Ford Mustang Shelby GT350, 3-Dodge Charger SRT
Entry-level luxury car:
1-Lexus RC, 2-Lexus ES, 3-Audi A4 allroad
Luxury car:
1-Lexus GS, 2-Audi A7, 3-Cadillac CT6
High-end luxury car:
1-Porsche Panamera, 2-Lexus LC, 3-Mercedes-Benz S-Class
Hybrid/alternative energy car:
1- Toyota Avalon hybrid (not sold in Canada), 2-Honda Clarity plug-in hybrid, 3-Toyota Prius
Electric vehicle:
1-Chevrolet Bolt EV, 2-Nissan LEAF, 3-BMW i3
Subcompact SUV/crossover:
1-Honda HR-V, 2-Mazda CX-3, 3-Jeep Renegade
Compact SUV/crossover:
1-Jeep Wrangler, 2-Subaru Crosstrek, 3-Honda CR-V
Mid-size SUV/crossover:
1-Jeep Wrangler Unlimited, 2-Toyota 4Runner, 3-Toyota Highlander
Full-size SUV/crossover:
1-Chevrolet Tahoe, 2-GMC Yukon, 3-GMC Yukon XL
Luxury compact SUV/crossover:
1-Porsche Macan, 2-Lexus NX, 3-Land Rover Discovery Sport
Luxury mid-size SUV/crossover:
1-Lexus RX, 2-Land Rover Discovery, 3-Lexus GX
Luxury full-size SUV/crossover:
1-Lexus LX, 2-Mercedes-Benz G-Class, 3-Toyota Land Cruiser (not sold in Canada)
Mid-size pickup truck:
1-Toyota Tacoma, 2-Chevrolet Colorado, 3-Honda Ridgeline
Full-size pickup truck:
1-Chevrolet Silverado HD, 2-GMC Sierra HD, 3-Toyota Tundra
Minivan:
1-Honda Odyssey, 2-Toyota Sienna, 3-Chrysler Pacifica
You can compare these results with the 2018 ALG awards for residual value, in which Subaru and Land Rover stood out.