The following vehicles manage to best combat the effects of depreciation
One of the major drawbacks of purchasing a new vehicle is the steep depreciation that takes effect right after the purchase is completed. Once a vehicle is driven off the lot, its value usually begins to plummet significantly. Still, there are outliers in the automotive industry that retain quite a bit of their initial value. If drivers look to sell their vehicles down the line, these outliers will generate the best return on investment.
Spanning across several different segments and brands, here are just a handful of vehicles that offer the best retained value, according to experts at Kelley Blue Book.
Compact Car: 2017 Subaru Impreza
Subaru vehicles are some of the only in the industry to offer all-wheel drive standard, making them an increasingly popular choice, especially in areas with harsh winters. Because of this, many drivers hold on to their Subaru vehicles for far longer than usual, thus increasing their residual value. In the first three years, the 2017 Subaru Impreza manages to maintain 54.9% of its initial value. At five years, that amount only decreases to 36.1%, making it a standout in the sedan segment.
Compact SUV/Crossover: 2017 Jeep Wrangler
There really isn’t any other vehicle in the automotive world quite like the legendary Jeep Wrangler. Due to both its unique design and its cult following among automotive enthusiasts, the Jeep Wrangler has been able to maintain a high retained value for years. The latest iteration of the Jeep Wrangler manages to keep 60.6% of its initial value after three years have passed. Even after five years, the Wrangler manages to retain nearly half of its initial value at 47.4%.
Sports Car: 2017 Porsche 718 Cayman
Porsche is regarded as one of the world’s most recognizable and refined brands. Motorists who purchase vehicles from Porsche, like the 2017 Porsche 718 Cayman, don’t tend to turn around and sell those vehicles soon after, greatly increasing their resale value. In the first 36 months, the 718 Cayman’s value only decreases to 54.5% of its initial worth. At 60 months, the value is estimated at 39.5%.
Hybrid Car: 2017 Honda Accord Hybrid
Vehicles that utilize alternative energy and hybrid technology are quickly gaining popularity. Since such vehicles are still a minority in the industry, their rarity only makes their value grow. The basic version of the 2017 Honda Accord already retains a sizable amount of its initial value over time. Still, when the Accord is upgraded to its hybrid variant, the resale value in the first three years stays set at 42.7%.
Pickup Truck: 2017 Toyota Tacoma
Out of any segment in the automotive industry, pickup trucks managed to possess the highest retained value. The leader in this segment is the 2017 Toyota Tacoma. The Tacoma manages to achieve the highest-rated resale value of any truck, with 71.8% of its initial value retained after three years and 58.4% of its value retained after five years. According to Kelley Blue Book, those ratings make it the vehicle with the best retained value across all segments and brands of the automotive industry.
Originating from iconic brands and offering distinct collections of attributes, these vehicles manage to maintain a value that other automobiles tend to quickly lose.Used with Permission. Published by IMN Bank Adviser Includes copyrighted material of IMakeNews, Inc. and its suppliers.