10 new cars with the highest resale value

Ethel Walsh
[EMBARGO 6/8/2021 6 AM ET DNP] 2022 Ford Maverick

The Ford Maverick, Toyota Tacoma, and Tesla Model X are some of the best new cars for minimal depreciation, Kelley Blue Book says.Ford

  • The average new car bought in 2023 will depreciate by more than half in five years, according to Kelley Blue Book.

  • But some cars hold their value much better than others, according to a new study from the research firm.

  • Toyota, Ford, and Tesla make some of the best cars for shoppers worried about depreciation.

A new car starts depreciating the second you drive it off the lot. But some models hold their value over time better than others.

Woman gets keys to her new car from a dealership

Borrowers with poor credit may qualify for a loan more easily through a captive lender.PeopleImages/Getty Images

Kelley Blue Book on Sunday released its annual Best Resale Value Awards, recognizing the new cars, trucks, and SUVs that put the most money back in their owners’ pockets after years on the road.

Hyundai SUVs at a car dealership.

Hyundai SUVs at a car dealership.AP Photo/David Zalubowski

The average new vehicle will only be worth 45% of its starting price five years down the line, the automotive research firm says.

A Toyota dealership in Florida.

A Toyota dealership in Florida.Joe Raedle/Getty Images

But it projects that the 10 2023 models it chose for this year’s top awards will fare better than 95% of the car market, retaining 65% of their value over the same period.

Used car lot

A used car lot is shown Friday, June 10, 2022, in Salt Lake City.Rick Bowmer/AP Photo

9 (tie). Jeep Gladiator

Jeep Gladiator Mojave

Jeep Gladiator Mojave.Jeep

Five-year resale value: 61%

Read more: After driving 22 electric cars, these are the 3 I’d steer clear of


9 (tie). Subaru Crosstrek

2020 Subaru Crosstrek Hybrid

Subaru Crosstrek.Subaru

Five-year resale value: 61%

8. Ford Maverick

[EMBARGO 6/8/2021 6 AM ET DNP] 2022 Ford Maverick

2022 Ford Maverick.Ford

Five-year resale value: 61.7%

Read more: Hyundai’s low-cost, long-range sedan is shaping up to be a major pain for Elon Musk

7. Honda Civic

The 2023 Honda Civic sedan.

The 2023 Honda Civic sedan.Honda

Five-year resale value: 62.5%

6. Toyota 4Runner

The 2023 Toyota 4Runner

The 2023 Toyota 4Runner.Toyota

Five-year resale value: 64.4%

5. Chevrolet Corvette

2020 Corvette DSC_9255

The Chevrolet Corvette.Chevrolet

Five-year resale value: 65.3%

Read more: Elon Musk has promised self-driving Teslas for years. Experts say it’s not even close.

4. Ford Bronco

The 2022 Ford Bronco Everglades.

The Ford Bronco Everglades.Ford

Five-year resale value: 65.4%

2 (tie). Tesla Model X

A gray Tesla Model X SUV drives down a road.

Tesla Model X.Tesla

Five-year resale value: 66%


2 (tie). Toyota Tacoma

A gray Toyota Tacoma truck driving up red sand and rocks.

The Toyota Tacoma.Toyota

Five-year resale value: 66%

Read more: I drove Mercedes-Benz’s $135,000 Tesla rival and experienced the electric, screen-filled future of luxury SUVs

1. Toyota Tundra

The 2023 Toyota Tundra.

The 2023 Toyota Tundra.Toyota

Five-year resale value: 73.3%

Read the original article on Business Insider

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