Of the 10 vehicles with the best resale value, five are pickup trucks, three are sport utility vehicles (SUVs) and just two are passenger cars. That should be no big surprise because trucks continue to be built to take more punishment and last longer than other vehicles.
That endurance and reliability translates into higher resale values. The experts at Kelley Blue Book (KBB) recently named their 2016 top 10 list of vehicles with the highest resale value.
The Toyota Motor Corp. (NYSE: TM) Tacoma midsize pickup has the highest values of any vehicle in the KBB rankings, with a resale value of 72.9% after 36 months and 61.7% after 60 months. The truck has been completely redesigned for 2016.
Toyota’s 4Runner is the second-ranked vehicle on the list, with a resale value of 66.7% of the original purchase price after 36 months and 60.3% after 60 months.
Third in the ranking is the GMC Canyon midsize pickup from General Motors Co. (NYSE: GM), which boasts a resale value of 70.7% at the end of 36 months and 59.5% after 60 months.
Also from GM, the Chevy Colorado midsize pickup retains 70% of its value after 36 months and 58.6% after 60 months. The Canyon and the Colorado are not identical twins with different branding, but the two are certainly blood brothers.
Fifth in the ranking is the Jeep Wrangler from Fiat Chrysler Automobiles N.V. (NYSE: FCAU) with a 36-month resale value of 65.6% of the purchase price and a 60-month resale value of 54.9%.
Another Toyota, this time the full-size Tundra pickup, is ranked sixth. After 36 months the resale value of this truck is 64.1% of the purchase price and after 60 months the value is 53.8%.
The WRX from Subaru is ranked seventh by KBB with a 36-month resale value of 65.2% and a 60-month value of 50.8%.
The eighth-best resale value is attached to the Chevy Camaro, which was completely redesigned for 2016. The sporty car’s 36-month resale value is 61% and its 60-month value is 49% of the purchase price.
The GMC Sierra full-size pickup is ranked ninth with a resale value of 57% after 36 months and 48% after 60 months.
Closing out the list is the Subaru Forester compact SUV, with a resale value after 36 months of 59.3% and 47.3% after 60 months.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.