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Residual and resale value are two driving factors that many car buyers turn to when considering the type of car purchase they will make. In a recently released report by JD Power, leading vehicles with the highest residual value have been named.
Five Used Cars that Hold Their Value Over Time
Littering the list are some of the nation’s most popular luxury brands. In terms of budget-conscious drivers, there are a number of affordably priced models that also rank at the top of the list. Let’s get into the top five used cars that have the best residual value as defined by the experts.
Honda Civic
One of the nation’s most practical, dependable, and comfortable vehicles, the Honda Civic has been ranked as a sedan that drivers can count on for high residual (and natural resale) value. The Honda Civic touts supreme versatility with a compact yet comfortable cabin offering everything that drivers want without any unnecessary bells and whistles. As the younger brother of the Honda Accord, the Civic has become synonymous with dependable power, making it a vehicle drivers —particularly commuters, turn to time and time again.
Honda Odyssey
In the world of SUV competition, minivans have struggled to hold their own. Models like the Honda Odyssey however continue to challenge and change the automotive landscape. The Honda Odyssey features the perfect mixture of power, comfort, and versatility for on-the-go families. Driving its strong residual value is its dependable powertrain. In the cabin, Honda does an excellent job offering drivers a range of comfort, tech, and safety amenities that put competitor vehicles to shame. The Odyssey makes driving a minivan look cool again, and the automaker has been able to successfully keep its loyal base coming back.
Toyota 4Runner
Toyota’s well-loved 4Runner delivers exceptional power, unrelenting performance, and great handling even on the roughest terrains. It’s this intentionally designed body style and drivetrain that allows unrestricted off-roading adventure. This appeal has caught the eyes of drivers who want the performance of a pickup with the comfort of an SUV. Backed by the dependable power of a Toyota powertrain, the 4Runner has held its own as one of the best off-roading SUVs on the market.
Kia Telluride
The Kia Telluride delivers an impressive body style, powertrain, and performance offering. The Telluride’s ability to dovetail all the features drivers want into a seemingly unstoppable SUV has allowed the Telluride to hold its own in a competitive SUV market. Despite being relatively new, first released in 2019, Kia has quickly adapted to driver’s needs and has built a vehicle that answers consumer calls for comfort and modern tech.
Range Rover
In the world of used luxury cars, vehicle value is either a hit or miss. However, select models including Land Rover’s Range Rover have done a stellar job maintaining their residual value, Even after years of being released. The Range Rover does an exceptional job offering premium quality amenities coupled with the latest tech and safety integrations. JD Power along with other analysts has recognized this, naming the Range Rover as a model worth considering for shoppers in the luxury vehicle space.
Which Value-Saving Vehicle Makes Your List?
From commuter sedans to luxury SUVs, there are several great vehicles to put on your shopping list when it’s time to upgrade to a newer model.
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