With gas prices dropping, sport-utility vehicles (SUVs) and truck sales are dominating the marketplace. This is true with both new vehicle and used vehicle sales.
As demand rises for these vehicles, so does their value. This explains why 12 of the 15 vehicles having the best resale values after three years of ownership are either SUVs or pickup trucks.
Based on information provided by the NADA Used Car Guide, they’ve identified the top 15 cars that have the highest resale values over a three year period. They evaluated and tracked over 240 models and determined the vehicle to have the highest retention rate to be the Toyota FJ Cruiser, which ironically, is no longer being produced. The 2012 FJ Cruiser is currently maintaining 91.5 percent of its original value when new. Toyota also owns second and third place on the list with the Toyota Tacoma (highest resale value truck) and the Toyota 4Runner.
The Smart Fortwo holds the crown for the vehicle with the worst resale value after three years of ownership. The Fortwo only retains 32.5 percent of its original value after the first three years of ownership.
The only passenger car to break the top ten is Subaru’s Impreza coming in at number six on the list. The Impreza maintained a respectable 65.7 percent of its original value after three years.
The next closet passenger vehicle was the Dodge Challenger, at number eleven, with a retained value of 62 percent after three years. The Challenger beats out the Ford Mustang, Chevy Camaro and other sporty cars when it comes to retaining resale value.
See what other vehicles made it on the best resale value list below.
Competition Between Dealers Always Gets You the Best Price
When negotiating a new car’s price, it’s important to know the dealer invoice price and what other people are paying for the same vehicle in your local area. Otherwise, you won’t know what’s a good price to pay for the vehicle. I highly recommend using an online referral service such as Ryde Shopper or Motor Trend, their quotes will automatically include any discounts or cash-back incentives currently available in the marketplace.
15 Cars That Hold The Best Resale Value in 2015
|Rank||Best Resale Value Vehicle||Original Value Retained After 3 Years|
|1||Toyota FJ Cruiser||91.5%|
|15||Land Rover LR4||60%|
Source: NADA Used Car Guide