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The 2022 vehicles with the best trade-in value

The 2022 vehicles with the best trade-in value
No vehicle retains its value more than the 2022 Toyota Tundra, according to Kelley Blue Book.

Considering the cost of new cars, trucks, minivans and SUVs averaged $47,148 in May 2022, consumers cannot be blamed for wanting a vehicle that retains more of its value than others, especially for those who typically use your vehicle every few years. exchange year.

If you’re looking for above-average resale value vehicles, Kelley Blue Book’s 20th Annual Best Resale Value Awards are a good place to start. KBB is one of the used car valuation guides in the automotive industry and has released a list of new cars, trucks, minivans and SUVs that are expected to retain the highest percentage of their original price as used cars.

Some brands have better resale than others

But not all brands are created equal.

Both Lexus and Toyota are among the brands with the highest resale value.

“Customers who buy new cars from Toyota or its luxury Lexus sibling – our 2022 Best Resale Value Brand winners – can rest assured that their vehicle will hold its value fairly well over time,” says Janice Yoell, senior manager valuations for Kelley Blue Book. “Toyota and Lexus are respectively the top auto and luxury brands for 2022 in terms of the highest average expected trade-in value across their entire range.”

For Toyota, 2022 marks its sixth year as the “Best Resale Value: Brand and third for Lexus as Best Resale Value: Luxury Brand.”

But of the top 10 vehicles with the highest retained value, Ford tied Toyota for number of vehicles in the Top 10 with three each. General Motors has two, Stellantis and Tesla have one each.

Why it matters

new cars
Which vehicle you choose can make a big financial difference in trade-in time?

The value of your vehicle matters when you trade it in. Overall, KBB says the average 2022 model year vehicle will retain 43% of its original value after five years, with 75,000 miles on it and in average condition.

This means that your new $45,000 car will be worth $19,350 after five years. Opting for one of the vehicles in KBB’s Top 10, which are expected to have a retained value of 56% or more, means getting a vehicle valued at $25,200 to $31,500 or more.

Keep in mind that market conditions affect resale value as prices fluctuate with market demand. So these values ​​are a guideline at best. But which vehicles are resale stars? Look.

2022 Top 10 vehicles with the best trade-in value

2022 Ford Maverick - in grass
The 2022 Ford Maverick starts at less than $20,000 and comes in at $38,000.

1. Toyota Tundra — 70.2% ($38,950-$74,320)

2. GMC Sierra – 60.8% ($36,295-$80,395)

3. Toyota Tacoma — 60.6% ($27,150-$46,585)

4. Ford Maverick (tie) — 59.5% ($19,995-$25,860)

4. Chevrolet Corvette (tie) — 59.5% ($60,900-$72,850)

6. Toyota 4Runner — 58.6% ($38,105-$52,920)

7. Tesla Model X — 57.6% ($104-900-$126,490)

8. Ford F Series – 57.3% ($38,545-$80,050)

9. Ford Ranger — 56.7% ($27,900-$39,465)

10. Jeep Gladiator – 56.1% ($36,085-$53,170)

Best Trade-In Value: SUVs

2022 Kia Telluride
The 2022 Kia Telluride will retain 51.9% of its value after five years.

Subcompact SUV: Subaru Crosstrek — 52.3% ($23,145-$36,345)

Compact SUV: Subaru Forester — 47.2% ($25,895-$35,995)

Midsize SUV (2-row): Subaru Outback — 45.2% ($27,645-$40,645)

Medium SUV (3-row): Kia Telluride – 51.9% ($33,390-$45,190)

Full-size SUV: GMC Yukon – 47.2% ($51,600-$72,500)

Off-road SUV: Toyota 4Runner — 58.6% ($38,105-$52,920)

Best Trade-In Value: Luxury SUVs

The retained value of the 2022 Lincoln Aviator is the best among three-row mid-size SUVs.

Luxury subcompact SUV: Volvo XC40 — 39% ($34,100-$41,850)

Luxury compact SUV: Mercedes-Benz GLB — 41.1% ($38,600-$49,950)

Luxury Midsize SUV (2-row): Land Rover Range Rover Velar – 36% ($57,200-$77,300)

Luxury Midsize SUV (3-row): Lincoln Aviator – 41.5% ($51,780-$88,780)

Luxury full-size SUV: Lexus LX — 45.2% ($86,930-$91,930)

Best Trade-In Value: Pickups, Minivans

The 2022 Toyota Sienna retains the most value in its class.

Compact Pickup: Ford Maverick – 59.5% ($19,995-$25,860)

Medium Pickup: Toyota Tacoma – 61.7% ($27,150-$46,585)

Full Size Pickup: Toyota Tundra – 70.2% ($38,950-$74,320)

Heavy Duty Large Pickup: GMC Sierra 2500 HD – 63% ($42,295-$67,195)

Minivan: Toyota Sienna — 50.3% ($35,285-$50,725)

Best Trade-In Value: EVs

Hybrid Vehicle: Toyota RAV4 Hybrid — 50.1% ($29,575-$40,300)

Driving 2022 Honda Civic Si
The 2022 Honda Civic is the compact car with the best preserved value.

Electric Vehicle: Ford Mustang Mach-E — 37.9% ($43,895-$61,995)

Luxury Electric Vehicle: Tesla Model X – 57.6% ($104,990-$126,490)

Best Trade-In Value: Cars

Compact car: Honda Civic – 49.8% ($22,550-$29,150)

Mid-size car: Honda Accord – 42.5% ($26,520-$38,450)

Sports car: Chevrolet Corvette — 59.5% ($60,900-$72,850)

Entry-level luxury car: Lexus IS — 39% ($39,125-$41,125)

Luxury car: Lexus LS — 35% ($76,100-$82,950)