People select the cars, trucks and utility vehicles they buy for all sorts of reasons ranging from color to price to content. If you’re already thinking about the replacement for your new vehicle before its tires hit your driveway, then you’re shopping with resale in mind.
Resale value is important as it sets the stage for future purchases. However, determining what brands and vehicles hold their value the best can be tricky information to get — except that J.D. Power just released its 2019 J.D. Power Resale Value Awards.
Lexus was the top brand with six individual honors. The awards the best resale value across 26 model-level segments following three years of ownership. Vehicles that retain a strong resale value also typically have higher residual values and offer unmistakable benefits to automakers and consumers alike.
“One of the biggest concerns for many new-vehicle owners is depreciation,” said Jonathan Banks, vice president of Vehicle Valuations & Analytics at J.D. Power.
“Our transaction database shows the models that have the lowest depreciation costs, which can be very helpful to new-car buyers when deciding on their purchase.”
Lexus was this year’s leader with six model-level awards, followed by Honda (five model-level awards), Toyota (four model-level awards) and Porsche (three model-level awards). The GMC Sierra 3500 has the best resale value in the industry.
Here are the top winners by brand:
- Lexus: Lexus CT; Lexus RC; Lexus GS; Lexus NX; Lexus RX; and Lexus LX
- Honda: Honda Fit; Honda Civic; Honda Accord; Honda CR-V; and Honda Odyssey
- Toyota: Toyota Prius; Toyota Tacoma; Toyota 4Runner; and Toyota Tundra
- Porsche: Porsche Cayman; Porsche 911; and Porsche Panamera
Other models that rank highest in their respective segments are Audi Q3, Chevrolet Tahoe, Dodge Challenger, Dodge Charger, GMC Sierra 3500, Scion tC and Subaru Crosstrek.
For the 2019 award process, 256 vehicle models were evaluated using a sample of more than 630,000 transactions with an average of 2,400 transactions assessed on each vehicle.