If you are looking for a new vehicle in the US that will hold its value well, buying a pickup truck may be the best option.
An analysis of Zutobi has revealed that the three vehicles that best hold their value after three years are the Toyota Tacoma, Ford F Series and Ford Ranger. The Tacoma leads the pack, with an average depreciation rate of 21.93 percent over the first three years, meaning the original list price of $28,545 changes to an average used price of $22,286.
The Ford F-Series and Ranger follow closely, both experiencing a 24.48 percent drop in value after three years. The F Series has an average list price of $39,395 and is valued at $29,753. The Ranger starts at $29,195 and the average value after three years is $22,049.
Other cars that perform well are the Tesla Model 3 (24.79 percent depreciation), Nissan Frontier (25.15 percent), Chevrolet Colorado (25.49 percent), Toyota RAV4 (25.97 percent), Mazda3 (26.31 percent), Toyota Tundra (26.87 percent), and surprisingly the BMW X3 with an average depreciation rate of 27.02 percent.
Also Read: These Are The Best Colors To Fight Depreciation, One Helps Increase Resale Value
At the other end of the spectrum are some vehicles experiencing a massive drop in value. Indeed, the new car with the highest depreciation rate is the Kia Sorento, which dropped 55.16 percent in value after three years, from a list price of $30,845 to an average of $13,831. That surpasses the 50.31 percent depreciation rate of the Chevrolet Trax, down from $22,595 to $11,228, and the Mercedes-Benz GLE by 48.85 percent, down from $56,750 to $29,029.
Numerous other new vehicles in the US lose a tremendous amount of value after three years. These include the Buick Encore GX (47.71 percent), Chevrolet Express Van (45.80 percent), Chevrolet Equinox (44.91 percent), Lexus ES (44.21 percent), Nissan Sentra (43.61 percent), Buick Envision (43.53 percent). cents), and Nissan Altima at 43.21 percent.
To determine its depreciation rates, Zutobi used the list prices of the 100 best-selling cars in the United States. It then used a depreciation calculator to determine its estimated value after three years if a vehicle is driven an average of 13,500 miles (~21,700 km) per year.