The 10 vehicles that hold their resale value best
No one wants to buy a new vehicle that, five years down the road, is worth a third of what it cost new. Yet that’s precisely what happens to many vehicles after depreciation eats away at the value. Consider it the rusting of your capital expenditure.
As much as you might love your new vehicle today, there will inevitably come a time when you want or need to sell. Depreciation is usually the single highest expense in the first few years of ownership and while no vehicle is immune from this corrosion — save for rare cars with limited production — buyers can cut their losses.
In the U. S., Kelley Blue Book examines c urrent vehicle data, sales data, market conditions, competition and other factors to arrive at the top 10 vehicles likely to have the best resale five years from now, assigning a percentage value of what the vehicle is likely to be worth at three and five years. With Canadian buying patterns similar, the results reveal which 2017 vehicles should return an average 50 per cent of the original purchase price after five years.
1. TOYOTA TACOMA
The mid- size Toyota Tacoma was all- new in 2016, getting a new 278-horsepower 3.5-litre V6 to go along with a 2.7-L four-cylinder base engine with 159 hp. The Tacoma has long demanded strong value in the used market and enters 2017 with a power-sliding rear window and a new model, the TRD Pro. Pricing starts at $29,660 but tops at $ 53,295 for the automatic transmission TRD Pro.
Projected resale value at 36 months is 71.8 per cent; at 60 months it is 58.4 per cent.
2. TOYOTA 4RUNNER
Refreshed in 2014, the 2017 Toyota 4Runner remains unchanged other than the introduction of a TRD Pro model, now the highest priced 4Runner at $ 52,195. The body- on- f rame construction makes the mid-size SUV ideal for towing and offroad use, and its reliability is among the best for any SUV. Pricing starts at $44,800.
Projected resale value at 36 months is 64.3 per cent; at 60 months it is 54.5 per cent.
3. CHEVY SILVERADO
After design tweaks last year, the Chevrolet Silverado enters 2017 with minor enhancements, notably a capless fuel filler and low-speed forward automatic braking added to the available Enhanced Driver Alert Package. The Silverado can be optioned with a V6 or a choice of V8 engines, either a 5.3-L unit with 355 hp, or a 6.2- L with 420 hp. Pricing starts at $29,605.
Projected resale value at 36 months is 61.8 per cent; at 60 months it is 52.2 per cent.
4. JEEP WRANGLER
The Jeep Wrangler ent ers 2017 with optional LED headlamps and a coldweather package. Powered by Fiat Chrysler’s 3.6- L Pentastar V6 with 285 hp, the Wrangler can be mated to either a six-speed manual or an available five- speed automatic t ransmission, and comes in either two- or four-door variations. Pricing starts at $28,445.
Projected resale value at 36 months is 63.7 per cent; at 60 months it is 51.1 per cent.
5. TOYOTA TUNDRA
The Toyota Tundra has not seen a significant redesign since its second- generation introduction in 2006 as a 2007 model, and yet it remains in demand. While an update in 2014 brought new features and interior improvements, the Tundra soldiers on with two V8 engine options mated to a sixspeed automatic transmission. Pricing starts at $30,675.
Projected resale value at 36 months is 60.7 per cent; at 60 months it is 49 per cent.
6. CHEVY COLORADO
At $21,320, the lowest cost Chevrolet Colorado is a little cheaper than its GMC sibling, but the two trucks offer similar powertrain choices. They differ in looks, but remain equal when it comes to towing, hauling and cargo carrying. Coming soon to the lineup is a new, off- road- focused Colorado ZR2 model.
Projected resale value at 36 months is 61.3 per cent; at 60 months it is 48.1 per cent.
7. HONDA RIDGELINE
The all-new Honda Ridgeline offers truck- like ability in a smaller, more nimble package. The second- gen Ridgeline can tow 2,268 kilograms, carry 713 kg, and gets decent fuel economy. Pricing starts at $36,590.
Projected resale value at 36 months is 64.4 per cent; at 60 months it is 47.6 per cent.
8. GMC SIERRA
A competent and comfortable truck, the 2017 GMC Sierra comes either as a regular, double or crew cab. All are offered with 4WD. All new in 2014, the Sierra can now be optioned in base, SLE, SLT and Denali trims, plus a new All Terrain X package is forthcoming. Pricing starts at $30,520.
Projected resale value at 36 months is 56.8 per cent; at 60 months it is 47.5 per cent.
9. GMC CANYON
All- new in 2015, the 2017 GMC Canyon gets three engine choices: a 2.5- L fourcylinder engine rated at 200 hp, a 3.6- L V6 good for 308 hp, and a 2.8- L Duramax diesel with 181 hp. For 2017, the Colorado gains two trim levels, the All Terrain X and the upscale Denali. Pricing starts at just over $22,000.
Projected resale value at 36 months is 59.8 per cent; at 60 months it is 47.2 per cent.
10. SUBARU WRX
The Subaru WRX was allnew for 2015 and gains minor updates for 2017, including automatic headlights and auto-up switches for the front windows. Base vehicles get a 2.0- L turbo- four with 268 hp, and all come with Subaru’s symmetrical fulltime all- wheel- drive system. Pricing starts at $29,995.
Projected resale value at 36 months is 55.2 per cent; at 60 months it is 45.4 per cent.