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. KBB’s annual Best Resale Value Awards make it easier to find true long-term value.
The awards:10 best overall resale values of 2023
The Toyota Tacoma ties with the Tesla Model X, with a 5-year resale value of 66%.
Toyota
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. This list represents the best of the best, and the threshold for this honor is high. Plus: The most and least reliable car brands for 2024, according to Consumer Reports These vehicles retain their value better than 95% of all other models. While the average new vehicle will be worth about 45% of its original sticker price after 60 months, these 10 vehicles will return an average of about 65% to their owners’ pockets. For a $35,000 vehicle, that works out to a meaningful difference of about $7,000 over a 5-year buy-own-sell ownership cycle. 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 2023. Best resale value top 10 for 2023
Rank
Model
5-Year Resale Value
1
2023 Toyota
TM,
-0.11%
Tundra
73.3%
2
2023 Toyota Tacoma (tie)
66.0%
2
2023 Tesla
TSLA,
-1.68%
Model X (tie)
66.0%
4
2023 Ford Bronco
65.4%
5
2023 Chevrolet Corvette
65.3%
6
2023 Toyota 4Runner
64.4%
7
2023 Honda
HMC,
+1.21%
Civic
62.5%
8
…
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The awards:10 best overall resale values of 2023
The Toyota Tacoma ties with the Tesla Model X, with a 5-year resale value of 66%.
Toyota
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. This list represents the best of the best, and the threshold for this honor is high. Plus: The most and least reliable car brands for 2024, according to Consumer Reports These vehicles retain their value better than 95% of all other models. While the average new vehicle will be worth about 45% of its original sticker price after 60 months, these 10 vehicles will return an average of about 65% to their owners’ pockets. For a $35,000 vehicle, that works out to a meaningful difference of about $7,000 over a 5-year buy-own-sell ownership cycle. 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 2023. Best resale value top 10 for 2023
Rank
Model
5-Year Resale Value
1
2023 Toyota
TM,
-0.11%
Tundra
73.3%
2
2023 Toyota Tacoma (tie)
66.0%
2
2023 Tesla
TSLA,
-1.68%
Model X (tie)
66.0%
4
2023 Ford Bronco
65.4%
5
2023 Chevrolet Corvette
65.3%
6
2023 Toyota 4Runner
64.4%
7
2023 Honda
HMC,
+1.21%
Civic
62.5%
8
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