At Simply Autos we are dedicated to helping people find the best new and used cars in the Southwest. One question we get asked fairly often is which used cars retain their value the longest. Here is a brief overview of the two car brands that retain value longest and the current top five used cars with the highest resale values.
Brands That Retain Value
Subaru: among automobile manufacturers, few brands retain their value as well as Subaru. Their automobiles are known for being long-lasting and of high quality. Despite a rugged outdoor image, Subarus also have plenty of creature comforts and are comfortable to ride in with plenty of features and they are easy to drive. Add to this the stock four-wheel drive across their model lines and it’s easy to see why Subarus are so popular. Their line is also diverse with the compact Impreza, the sedan-styled Legacy, the SUV Forester, and the wagon-styled Outback all being popular among buyers.
Lexus: for luxury buyers, Lexus vehicles have long retained their value and have won awards attesting to this fact for the last five years. What makes the Lexus line so popular isn’t just the high-end styling. Lexus is the luxury brand of Toyota and underneath the comfort is a base design built on high-quality, long-lasting cars. With a quiet comfortable ride, high safety scores, and less repairs it’s not hard to see why a Lexus retains its value. Lexus, generally, also offers more than its European luxury competitors at a more affordable price point.
Used Vehicles with the Highest Resale Values
Certain models of used vehicles retain a higher resale value than others. The current top five are as follows:
- Toyota Tacoma is a very popular midsize truck that retains much of its overall value. Redesigned for 2016, the modern offering should retain value as older ones have done in the past. At 36 months it retains 72.9 percent of its overall value and at 60 months 61.7 percent.
- Toyota 4Runner is an SUV with a truck base. A vehicle with a lot of uses, it’s a very unique offering and because of this it retains much of its value. At 36 months it retains 66.7 percent of its overall value and at 60 months 60.3 percent.
- GMC Canyon is another very popular truck in the United States. The Canyon is a practical, mid-size truck with a larger truck’s overall rugged design. At 36 months it retains 70.7 percent of its overall value and at 60 months 59.9 percent.
- Chevrolet Colorado is the sleeker more “modern” looking version of its sister truck, the Canyon. While the Canyon is tough, the Colorado is a bit more stylish. Also, like the Canyon, it is a very useful vehicle that compares well to its competitors. At 36 months it retains 70.0 percent of its overall value and at 60 months 58.6 percent.
- Jeep Wrangler the Wrangler is an American institution, having been on the road for decades. You’ll find few automobile owners with as much brand loyalty as Jeep owners. This loyalty also leads to resale value as the Wrangler at 36 months retains 65.6 percent of its overall value and at 60 months 54.9 percent.
As is apparent, several brands and vehicle models retain a good percentage of their value and remain quite popular with used car buyers. For buyers looking for the best Las Vegas used auto dealerships we can help. Visit Simply Autos today to learn more.