When it comes to buying and selling a car, resale value is extremely important. A new car that loses value faster than its rivals can cost you money in lower trade-in value or the possibility of owing more than it might be worth in a long-term loan. That’s why choosing a vehicle with a good resale value can save you a lot more money in the long run. KBB’s annual best resale value awards make it easy to find true long-term value.
• 10 Best Overall Resale Values of 2022
• SUV with the best resale value 2022
• 2022 Cars with the best resale value
• 2022 Best resale value for trucks, electric vehicles and vans
• 2022 Best Resale Value Brands
10 Best Overall Resale Values of 2022
Kelley Blue Book’s annual Best Resale Value awards recognize the 10 individual vehicles that are expected to retain the highest percentage of their original MSRP. This list represents the best of the best, and the threshold for this honor is high.
These vehicles hold their value better than 95% of all other models. While the average new vehicle will be worth around 40% of its original price after 60 months, these 10 vehicles will on average return more than 59% to their owners’ pockets. For a $35,000 vehicle, this equates to a significant difference of about $6,650 over a 5-year buy-sell cycle. That’s why choosing a car with a good resale value can often save you more money in the long run than chasing big discounts and other incentives. Here’s KBB’s list of the 10 best overall resale values of 2022.
Top 10 Best Resale Values for 2022
| Rank | Model | Resale value over 5 years |
|
1 |
Toyota MC 2022, |
70.2% |
|
2 |
2022 GMC Sierra |
60.8% |
|
3 |
2022 Toyota Tacoma |
60.6% |
|
4 |
2022 Ford F, |
59.5% |
|
4 |
2022 Chevrolet Corvette (tie) |
59.5% |
|
6 |
2022 Toyota 4Runner |
58.6% |
|
seven |
Tesla TSLA 2022, |
57.6% |
|
8 |
2022 Ford F-Series |
57.3% |
|
9 |
2022 Ford Ranger |
56.7% |
|
ten |
2022 Jeep Gladiator |
56.1% |
2022 Best Resale Value: SUV
Subaru Crosstrek 2022
The Subaru Crosstrek
Subaru
Resale value: 52.3%
Type: Subcompact SUV
Starting price: $22,645
2022 Subaru Forester
Resale value: 47.2%
Type: Compact SUV
Starting price: $25,395
Subaru Outback 2022
Resale value: 45.2%
Type: 2-row midsize SUV
Starting price: $27,145
Also see: 2023 Subaru Solterra review: Rejoice Subaru fans, there’s now an electric compact SUV
Kia Sorento 2022
The Kia Telluride
KIA
Resale value: 51.9%
Type: 3-row midsize SUV
Starting price: $33,090
2022 GMC Yukon
Resale value: 47.2%
Type: full-size SUV
Starting price: $52,100
2022 Toyota 4Runner
Resale value: 58.6%
Type: off-road SUV
Starting price: $37,605
2022 Volvo XC40
The Volvo XC40
VOLVO
Resale value: 39.0%
Type: Subcompact luxury SUV
Starting price: $35,100
Mercedes-Benz GLB 2022
Resale value: 41.1%
Type: Luxury Compact SUV
Starting price: $38,600
2022 Range Rover Velar
Resale value: 36.0%
Type: 2-row luxury mid-size SUV
Starting price: $58,300
2022 Lincoln Aviator
Resale value: 41.5%
Type: 3-row luxury mid-size SUV
Starting price: $51,780
2022 Lexus LX
Resale value: 45.2%
Type: Full-size luxury SUV
Starting price: $88,245
Don’t miss: Eight best plug-in hybrids for $40,000 or less
Best Resale Value 2022: Cars
Honda Civic 2022
The Honda Civic
Honda
Resale value: 49.8%
Type: Compact car
Starting price: $22,350
Honda Civic 2022
Resale value: 42.5%
Type: Intermediate car
Starting price: $26,120
Chevrolet Corvette 2022
The 2023 Chevrolet Corvette Z06
Chevy
Resale value: 59.5%
Type: Sports car
Starting price: $60,900
2022 Lexus IS
Resale value: 39.0%
Type: entry-level luxury car
Starting price: $39,850
2022 Lexus LS
Resale value: 35.0%
Type: Luxury car
Starting price: $77,075
2022 Best Resale Value: Trucks, EVs, Minivans
2022 Toyota RAV4 Hybrid
The Toyota Rav4 Hybrid
Toyota
Resale value: 50.1%
Type: hybrid car
Starting price: $29,075
Check: 2022 Honda CR-V Hybrid vs. Toyota RAV4 Hybrid — which is better?
2022 Ford Mustang Mach-E
The Ford Mustang Mach-E
Ford
Resale value: 37.9%
Type: Electric vehicle
Starting price: $43,895
2022 Tesla Model X
Resale value: 57.6%
Type: Luxury electric vehicle
Starting price: $104,990
Also see: The pros and cons of electric cars
Toyota Sienna 2022
Resale value: 50.3%
Type: Minivan
Starting price: $34,710
Ford Maverick 2022
The Ford Maverick
Ford
Resale value: 59.5%
Type: compact van
Starting price: $19,995
2022 Toyota Tacoma
Resale value: 61.7%
Type: Midsize Pickup
Starting price: $26,700
2022 Toyota Tundra
Resale value: 70.8%
Type: Full Size Pickup
Starting price: $35,950
2022 GMC Sierra HD
Resale value: 63.0%
Type: Heavy Duty Pickup Truck
Starting price: $38,200
Best Resale Value 2022: Brands
Best Brand: Toyota
Toyota wins the title for the fifth time in six years with five class wins.
Best Luxury Brand: Lexus
Lexus returns to the podium, winning this award for the seventh time.
Lily: 10 best hybrids for under $30,000
What is resale value?
At some point, you may want to sell your car. Resale value is the expected market value of your car, truck or SUV at the time of sale.
How does Kelley Blue Book determine which cars have the best resale value?
Kelley Blue Book best resale value prices are based on projections from the Kelley Blue Book Official Residual Value Guide. Kelley Blue Book residual values are established by experienced automotive analysts who examine the results of statistical models based on millions of transactions. Vehicles that achieve the highest 5-year residual values, expressed as a percentage of their original manufacturer’s suggested retail price, are selected for these prestigious awards. Low-volume vehicles are not considered except in the electric, luxury and sports car categories.
Is resale value really important?
Yes. Choosing the right model brings peace of mind that you made the right decision. If a vehicle has a high resale value, this guarantees that it will be worth more when traded in. It’s a great way to reduce your overall vehicle expenses, something we can all use in these uncertain times.
About Best Resale Value Awards
Kelley Blue Book’s Best Resale Value Awards are annual awards given to brands and vehicles that are most successful in retaining their value.
Kelley Blue Book’s business is vehicle appraisal. We have 95 years of experience determining the value of cars. With a comprehensive dataset that includes vehicle specifications, trim levels, sales volume, economic conditions, and auction results, Kelley Blue Book can predict and track vehicle depreciation. This information is free and offered on our site as a useful tool to help you choose the right vehicle to meet your wallet and transportation needs.
Dealers, lenders and individuals also rely on the value of our cars to determine how much to trade in, set lease rates and purchase prices. Vehicles with the lowest depreciation rate as determined by our valuation team underpin the best resale value prices. This recognition goes to products and brands demonstrating the highest retained value within the first 60 months of ownership.
This story originally took place on KBB.com.
