The top 2020 vehicles with the best resale value are projected to keep more than 50% of their retail in five years, while most will only retain 37%.
the 2020 model-year vehicles it projects will retain the most value after five years of ownership on Tuesday. Projected resale value is one of the top factors buyers should consider when choosing a new car, since, according to Kelley Blue Book, depreciation is one of the largest expenses that drivers reckon with during their first five years of new-car ownership.
Once it's driven off the lot, the average new vehicle will only retain about 37% of its retail price after five years, according to data from Kelley Blue Book. That means a $25,000 car will be worth only $9,000 five years down the line, while a $50,000 luxury vehicle will lose more than $30,000 of its value to depreciation over the same period.
All the cars on Kelley Blue Book's list of the top-10 vehicles with the best resale value, however, are projected to retain at least 50% of their retail price five years out. Kelley Blue Book predicts that drivers who buy a 2020 Toyota Tacoma — the site's top pick for resale value — will be able to sell it for 61% of its MSRP in five years.
It's worth noting that Kelley Blue Book's top 10 list contains mostly trucks and SUVs, which reflects the overall trend in the automotive market toward pickups and crossovers and. The 2020 Chevrolet Corvette — the long-anticipated mid-engined variant of the car — also made the list. Scroll down to learn which 10 models made Kelley Blue Book's list of the cars with the best resale value.
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