10 Cars and Trucks With the Best Resale Value for 2014
While safety, fuel economy, utility, comfort, and price are all serious factors to take into account when purchasing a car, for many, the amount that the vehicle will be worth once the owner has moved on is an arguably equal factor to take into consideration.
Fortunately, the folks at Kelley Blue Book have us covered, as usual, and have released their annual award nominees for Best Resale Value among the 2014 model lineup.
“Kelley Blue Book’s Best Resale Value Awards are in its 12th year and are based on projections from the Kelley Blue Book Official Residual Value Guide,” a press release explains. “Kelley Blue Book Residual Values are established by experienced automotive analysts that review the output from the statistical models built upon millions of transactions.”
Further, “vehicles that earn the highest five-year residual values, expressed as a percentage of their original Manufacturer’s Suggested Retail Price (MSRP), are selected for these prestigious awards.”
Not surprisingly, Japanese manufacturers have dominated the list yet again, with Toyota (NYSE:TM) and Lexus making a dominant showing for the third year in a row. Check out what filled in the remaining slots — you might be somewhat surprised . Here are the top 10 cars that boast the best resale value. You can read up on the methodology and constraints used here.
10. Dodge Challenger
Sliding into 10th place, the Dodge Challenger commands 60.8 percent of its original value after three years and 50.5 percent of its original MSRP after five years.
9. Chevrolet Silverado 1500
Chevrolet’s (NYSE:GM) flagship pickup is still worth 59 percent of its original sale price after three years of use — notably less than the Challenger — but can still reclaim 50.6 percent of its value after five years, a hair more than the Dodge.
8. Honda CR-V
The 2014 Honda (NYSE:HMC) CR-V — a staple in the crossover segment — is still good for 63 percent of its value after three years, and at five years can still command 50.7 percent of its original selling price.
7. Chevrolet Camaro
Chevy’s new Camaro comes in at seventh place, with a resale value that’s 63.7 percent of the original cost at three years and 51.9 percent of the MSRP after five years.
6. Toyota Tundra
Toyota’s new, bolder, and more aggressive Tundra can hold on to 63.7 percent of its resale value after three years, like the Camaro, but it’s still worth 52.3 percent of its selling price at five years.
5. Chevrolet Corvette
If the new Chevy Corvette wasn’t celebrated enough, its quality resale value is yet another reason: It’ll be worth an estimated 67.5 percent after three years and 53.5 percent after half a decade.
4. Toyota 4Runner
A three-year resale value of 66.6 percent for the Toyota 4Runner is good for fourth place, while the rugged SUV is still worth 56.2 percent after five years.
3. Jeep Wrangler
Jeep’s venerable off-roader can reportedly claim 70.3 percent of its original value back after three years and 59.1 percent of its starting MSRP after five.
2. Toyota Tacoma
Toyota’s smaller workhorse is good for 73.7 percent of its original price after three years, and after five years of use, it can still command 61.9 percent of the MSRP.
1. Toyota FJ Cruiser
Despite its purpose-built nature that’s meant to take a beating, the Toyota FJ Cruiser is still good for a jaw-dropping 80 percent of its purchase price after three years and an equally impressive 70 percent after five, making it far and away the best longer-term investment.
Don’t Miss: 10 Top SUVs and Crossovers Under $25,000.