The GMC Sierra 3500 has the best overall resale value, according to the J.D. Power 2020 U.S. Resale Value Awards, which recognizes the best resale value across 25 model-level vehicle segments following three years of ownership. J.D. Power is based in Troy.
This is the third year J.D. Power has given the awards, which are based on transaction data.
“Our transaction database shows which models have the lowest depreciation costs, hence providing consumers with a key component in the total cost of ownership of the vehicle they plan to purchase or sell,” says Jonathan Banks, vice president and general manager of vehicle valuations at J.D. Power. “Currently, wholesale prices remain strong and we expect prices will be greater than pre-virus levels by year’s end. However, given the volatility of the market, it’s more important for consumers to factor this information into their purchase decision.”
Honda and Toyota each received the most model-level awards – five – followed by Lexus (four), and Chevrolet and Dodge (two each).
- Honda: Honda Accord, Honda Civic, Honda Fit, HR-V, and Honda Odyssey
- Toyota: Toyota 4Runner, Toyota 86, Toyota Prius v, Toyota Tacoma, and Toyota Tundra
- Lexus: Lexus GS, Lexus LX, Lexus NX, and Lexus RX
- Chevrolet: Chevrolet Corvette and Chevrolet Tahoe
- Dodge: Dodge Challenger and Dodge Charger
Other models that rank highest in their respective segments are Audi Q3, Genesis G90, Infiniti Q60, Jeep Wrangler, Mercedes-Benz B-Class, and Porsche Cayman.
For the 2020 award process, 270 vehicle models were evaluated using a sample of more than 592,000 transactions with an average of 2,200 data points assessed on each vehicle. The award selection process uses used vehicle wholesale prices, which represent how much a dealer pays for a used vehicle. The prices are then divided by the vehicle’s original purchase price.
The calculations are based on wholesale records from May-September for vehicles that are three years old; for the 2020 calculation, 2017 is the applicable model year.
J.D. Power is a global company offering consumer insights, advisory services, and data and analytics. It has offices in North America, Europe, and Asia Pacific.