These 10 new cars will hold their value the best, saving you thousands when you trade in
Tim Levin
The Ford Maverick, Toyota Tacoma, and Tesla Model X are some of the best new cars for minimal depreciation, Kelley Blue Book says.Ford
- The average new car bought in 2023 will depreciate by more than half in five years, according to Kelley Blue Book.
- But some cars hold their value much better than others, according to a new study from the research firm.
A new car starts depreciating the second you drive it off the lot. But some models hold their value over time better than others.
Borrowers with poor credit may qualify for a loan more easily through a captive lender. PeopleImages/Getty Images
Kelley Blue Book on Sunday released its annual Best Resale Value Awards, recognizing the new cars, trucks, and SUVs that put the most money back in their owners' pockets after years on the road.
Hyundai SUVs at a car dealership. AP Photo/David Zalubowski
The average new vehicle will only be worth 45% of its starting price five years down the line, the automotive research firm says.
A Toyota dealership in Florida. Joe Raedle/Getty Images
But it projects that the 10 2023 models it chose for this year's top awards will fare better than 95% of the car market, retaining 65% of their value over the same period.
A used car lot is shown Friday, June 10, 2022, in Salt Lake City. Rick Bowmer/AP Photo
9 (tie). Jeep Gladiator
Jeep Gladiator Mojave. Jeep
Five-year resale value: 61%
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9 (tie). Subaru Crosstrek
Subaru Crosstrek. Subaru
Five-year resale value: 61%
8. Ford Maverick
2022 Ford Maverick. Ford
Five-year resale value: 61.7%
Read more: Hyundai's low-cost, long-range sedan is shaping up to be a major pain for Elon Musk
7. Honda Civic
The 2023 Honda Civic sedan. Honda
Five-year resale value: 62.5%
6. Toyota 4Runner
The 2023 Toyota 4Runner. Toyota
Five-year resale value: 64.4%
5. Chevrolet Corvette
The Chevrolet Corvette. Chevrolet
Five-year resale value: 65.3%
Read more: Elon Musk has promised self-driving Teslas for years. Experts say it's not even close.
4. Ford Bronco
The Ford Bronco Everglades. Ford
Five-year resale value: 65.4%
2 (tie). Tesla Model X
Tesla Model X. Tesla
Five-year resale value: 66%
2 (tie). Toyota Tacoma
The Toyota Tacoma. Toyota
Five-year resale value: 66%
1. Toyota Tundra
The 2023 Toyota Tundra. Toyota
Five-year resale value: 73.3%
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