We've been sharing "Best SUVs" lists for the past several weeks, and this week we keep that theme going with the Best Resale Value SUVs. Like the Best Gas Mileage SUVs and Best SUVs for Cargo Space, this list was also compiled by iSeeCars.com.
Best Resale Value SUVs By Category
iSeeCars says resale value is often the most expensive factor when buying a new car since new vehicles lose value over time (a process that starts right when they leave the lot.) This drop in value is called depreciation - the rate of which is reflected in a vehicle's retained value after a certain timeframe. The faster a vehicle loses its value, the less it's worth when it comes time to sell it trade it in. Dealers use the car's residual value to determine its trade-in value.
Researchers determined the best resale value SUVs by analyzing over 3 million vehicles, and calculated how much each SUV model depreciates after 5 years. Here's a look at iSeeCars' #1 Best Resale Value SUVs in each SUV segment:
- Best Resale Value Subcompact SUV - Subaru Crosstrek (69.8% 5-yr resale value)
- Best Resale Value Luxury subcompact SUV - Lexus UX 200 (66.4% 5-yr resale value)
- Best Resale Value Small/Compact SUV- Toyota Corolla Cross (68.6% 5-yr resale value)
- Best Resale Value Luxury small/compact SUV - Lexus NX 350 (66% 5-yr resale value)
- Best Resale Value Midsize SUV - Jeep Wrangler (91.1% 5-yr resale value)
- Best Resale Value Luxury midsize SUV - Lexus RX 350 (65.3% 5-yr resale value),
- Best Resale Value Large SUV - Toyota Land Cruiser (65.1% 5-yr resale value).
- Best Resale Value Luxury large SUV - Lexus LX 570 (63% 5-yr resale value)
- Best Resale Value crossover SUV - Subaru Crosstrek (69.8% 5-yr resale value)
- Best Resale Value luxury crossover SUV - Lexus UX 200 (66.4% 5-yr resale value).
- Best Resale Value three-row SUV - Toyota Land Cruiser (65.1% 5-yr resale value)
- Best Resale Value Luxury three-row SUV - Lexus LX 570 (63% 5-yr resale value)
- Best Resale Value Hybrid SUV - Jeep Wrangler Unlimited (Plug-in Hybrid) (83.1% 5-yr resale value)
- Best Resale Value Luxury Hybrid SUV - Lexus NX 300h (60.3% 5-yr resale value)
- Best Resale Value plug-in hybrid SUV (PHEV) -Jeep Wrangler Unlimited (Plug-in Hybrid) (83.1% 5-yr resale value)
- Best Resale Value Luxury plug-in hybrid SUV - Mercedes-Benz GLC (Plug-in Hybrid) (49.1% 5-yr resale value).
- Best Resale Value Electric SUV - Tesla Model Y (53.3% 5-yr resale value)
- Best Resale Value Luxury Electric SUV - Tesla Model Y (53.3% 5-yr resale value)
- Best Resale Value 7-seater SUV - Toyota Highlander (61.9% 5-yr resale value)
- Best Resale Value hybrid 7-seater SUV - Toyota Highlander Hybrid (56.9% 5-yr resale value)
- Best Resale Value Luxury 7-seater SUV - Lexus RX 350L (61.5% 5-yr resale value)
- Best Resale Value hybrid luxury 7-seater SUV - Volvo XC90 (Plug-in Hybrid) (44.6% 5-yr resale value)
- Best Resale Value 5-seater SUV - Jeep Wrangler (91.1% 5-yr resale value)
- Best Resale Value Luxury 5 -seater - Lexus UX 200 (66.4% 5-yr resale value)
- Best Resale Value 6-seater SUV - Jeep Grand Cherokee L (65.1% 5-yr resale value)
- Best Resale Value luxury 6-seater SUV - Volvo XC90 (51.1% 5-yr resale value)
- Best Resale Value 8-seater SUV - Toyota Land Cruiser (65.1% 5-yr resale value)
- Best Resale Value luxury 8-seater - Lexus LX 570 (63% 5-yr resale value)
3 Resale Value Factors To Consider
1. Depreciation rates vary widely.
As iSeeCars notes, depreciation rates can vary widely between vehicles. When it comes to SUVs, full-size luxury sUVS tend to depreciate faster than their non-luxury counterparts. Rates can also vary within segments themselves. Take the midsize pickup segment. iSeeCars says the Toyota Tacoma depreciates at a much lower rate than its direct competitor, the Nissan Frontier. In the full-size truck segment, the Toyota Tundra enjoys a better resale value than both the Ford F-150 or Nissan Titan.
2. Popularity = Higher Resale Value
Another factor is popularity. "Hot", in-demand, models will retain a higher resale value. iSeeCars points to sports cars like the Chevrolet Corvette or Ford Mustang GT500, and SUVs like the Ford Bronco, Ford Maverick, Kia Telluride and Hyundai Palisade, continue to sell at or above MSRP, even when they're several model years old.
3. Brand Matters
Brand matters, too. Honda, Lexus, Subaru, Tesla, and Toyota are all brands that consistently do well on annual best resale value awards programs. Researchers point to models like the Honda Accord, Honda Civic, Lexus LS, Subaru Forester, Subaru Outback, Tesla Model X and Toyota Camry as vehicles with great resale value, reflecting strong demand on the used car market.
For iSeeCars complete SUV Resale Value Rankings click here.
Photo Credit: Subaru.
