Which 2015 vehicles are likely to have the best resale value? Here are the top picks.
Resale value is a big factor when choosing a vehicle. Cars and trucks that do relatively well at trade-in time can reward their owners with hundreds of extra dollars vs. ones that do poorly. So, which are the best picks for buyers today?
According to Kelley Blue Book, Lexus and Subaru are the overall resale champions among auto makers, in the luxury and mainstream categories, respectively. But they are by no means the best choices for every buyer.
In terms of vehicle types, trucks and SUVs tend to do better on resale value than cars do. This trend seems to have gained some strength in recent months, as gas prices have fallen.
But let’s look at the top picks by category:
Subcompact Car: Honda Fit
Plug-in Vehicle: Porsche Cayenne S E-Hybrid
Compact Car: Subaru Impreza
Compact SUV/Crossover: Jeep Wrangler
Sporty Compact Car: Subaru WRX
Mid-Size SUV/Crossover: Jeep Wrangler Unlimited
Mid-Size Car: Subaru Legacy
Full Size SUV/Crossover: Chevrolet Suburban
Full-Size Car: Dodge Charger
Luxury Compact SUV/Crossover: Mercedes-Benz GLK-Class
Entry-Level Luxury Car: Lexus RC 350
Luxury Mid-Size SUV/Crossover: Lexus GX 460
Luxury Car: Lexus GS 350
Luxury Full-Size SUV/Crossover: Lexus LX 570
High-End Luxury Car: Lexus LS 460
Hybrid SUV/Crossover: Lexus RX 450h
Sports Car: Chevrolet Camaro V6
Mid-Size Pickup Truck: Toyota Tacoma
High Performance Car: Chevrolet Corvette
Full-Size Pickup Truck: Toyota Tundra
Hybrid/Alternative Energy Car: Toyota Camry Hybrid
Minivan/Van: Toyota Sienna
And here are KBB’ top 10 cars for resale value in 2015:
Chevrolet Colorado
Honda CR-V
Chevrolet Silverado
Jeep Wrangler
Ford F-150
Toyota Tacoma
GMC Canyon
Toyota Tundra
GMC Sierra
Toyota 4Runner
Keep in mind that the difference in resale value between #1 and #2 usually isn’t that great. Few automakers are building lemons these days, and you must weigh the purchase deal you are offered against anticipated resale value. But it certainly doesn’t hurt to choose the resale value champ in whichever vehicle category you are shopping in.
Copyright Today’s Credit Unions