Japanese automakers continue to retain a lead when it comes to vehicle resale values, according to a pair of new studies.
Of domestic products, only the Jeep Wrangler made it into the top 10, according to Kelly Blue Book’s 2013 Resale Value Awards, while a second study of resale values by TrueCar.com found no domestic brands made the top list. Nonetheless, Detroit makers – Ford in particular, have begun to close the once yawning gap.
“They’re no longer so far behind,” said Kelly Blue Book’s Eric Ibara.
The KBB analysis focused on how much of their original value vehicles maintained after 60 months of ownership – a point at which products are likely to lose more than half, and often two-thirds or more of their original sticker price. Residual values – which translate into trade-in prices — can be impacted by a variety of factors, including such things as options and even paint color. Engine packages often have a significant impact.