A great deal on a new vehicle will only stay great if the operating costs remain competitive, and the resale value is strong at trade-in time. A new report from Kelley Blue Book examines the latter.
KBB recently ranked vehicles on resale value, and awarded top honors to the best 10.
The company’s annual Best Resale Value Awards recognizes vehicles for their projected retained value through the initial five-year ownership period.
In general, trucks and SUVs dominate in this category. Vehicles in these categories simply hold onto their value due to ever rising demand. But all are not equal in this respect.
Toyota earns top honors for Best Resale Value Brand, a designation it last received in 2014, claiming four 2017 model-year winners.
Porsche captures the Best Resale Value Luxury Brand title for the first time ever with three model winners.
Other notable automakers among the list of 2017 Best Resale Value Award winners in 22 different categories include General Motors with an impressive seven models taking honors for its Chevrolet and GMC brands, Honda with four model winners, and Subaru, last year’s best brand winner, with four 2017 Best Resale Value Award wins.
Lexus, last year’s best luxury brand award winner, has four models winning this year’s awards and is the only other luxury brand on the list in addition to Porsche.
Here are the winners:
2017 Best Resale Value: by Vehicle Category
Subcompact Car: Honda Fit
Electric Vehicle: Chevrolet Bolt EV
Compact Car: Subaru Impreza
Subcompact SUV/Crossover: Honda HR-V
Sporty Compact Car: Subaru WRX
Compact SUV/Crossover: Jeep Wrangler
Mid-Size Car: Subaru Legacy
Mid-Size SUV/Crossover: Toyota 4Runner
Full-Size Car: Nissan Maxima
Full-Size SUV/Crossover: Chevrolet Suburban
Entry-Level Luxury Car: Lexus RC
Luxury Compact SUV/Crossover: Porsche Macan
Luxury Car: Lexus GS
Luxury Mid-Size SUV/Crossover: Lexus RX
High-End Luxury Car: Porsche Panamera
Luxury Full-Size SUV/Crossover: Lexus LX
Sports Car: Porsche 718 Cayman
Mid-Size Pickup Truck: Toyota Tacoma
High Performance Car: Ford Mustang Shelby
Full-Size Pickup Truck: Chevrolet Silverado HD
Hybrid/Alternative Energy Car: Honda Accord Hybrid
Minivan: Toyota Sienna
2017 Best Resale Value: Top 10 Cars
Find out more at https://www.kbb.com/new-cars/best-resale-value-awards/.