The 2016 Toyota Tacoma is expected to retain 66% of its original value after five years, according to Edmunds.com.
New cars, trucks and sport-utes are flying off dealer lots in 2016. Pent-up demand and available credit are making it easier than it has been in some time to buy a vehicle.
While those are some of the factors in buying a car, what about buying the next new vehicle? It’s good to know how much one can expect today’s new car to be worth in the future when it comes time to trade it in. Edmunds.com released its Best Retained Value Awards today and if the new vehicle you bought is a Toyota or an Acura, the site thinks you’re going to be pretty happy in five years.
Toyota products captured five market segments in the contest and also won the overall top prize for retaining 53.8% of its value after five years. and Acura won the luxury brand award for the fifth consecutive year for retaining 47.6% of its original value after five years.
They are not only the repeat winners from last year, the average residual value for both rose slightly: Toyota’s was 52.4% last year and Acura’s was 46.9%. Honda was the winner in 2014 at 50.1% joining Acura, which finished at 45.4%.
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“It’s no secret that a new car starts depreciating the moment that you drive it off the lot, but car shoppers owe it to themselves to understand exactly how much they can expect their cars to depreciate over time,” said Edmunds.com Consumer Advice Editor Carroll Lachnit.
“If shoppers are deciding between competing models, we advise them to see if any of the cars on their list earned a Best Retained Value Award. This one simple step could bring them more money down the road when it’s finally time to trade in or sell the car.”
Toyota took the most awards, but Honda, Lexus and Mercedes all captured three segment awards each. The website offers up ratings for 24 vehicle segments.
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The top 10 finishers by percentage are:
- Toyota Tacoma (midsize truck): 66%
- Jeep Wrangler (midsize traditional SUV): 62.7%
- Ram 2500 (heavy duty truck): 58.6%
- Toyota Tundra (large truck): 58.6%
- Subaru WRX (compact car): 58.3%
- Toyota Highlander (midsize crossover SUV): 56.9%
- Mercedes-Benz G-Class (premium luxury SUV): 55.9%
- Honda CR-V (compact crossover): 54.9%
- Ford Mustang (entry sports car): 54.2%
- Chevrolet Corvette (midrange sports car): 53.9%
The five-year returns on the top models in each segment do not drop below 50% until you get to No. 18 on the list – the Lexus NX200t – and the lowest ranked “best vehicle” was the GMC Acadia, which retains 45.6% of its value after five years.
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Honda’s three winners were the aforementioned CR-V, Odyssey and Fit. Lexus earned honors for the IS 350, NX 200t and GX460 while Mercedes clocked in with the G-Class, Metris and Sprinter. Porsche had two category winners (911 and Panamera) and General Motors had three winners spread out over two brands: Chevrolet Corvette, GMC Acadia and GMC Yukon. Ford, BMW, Subaru, Ram and Jeep won one segment each.