Out of 2017 model year vehicles, the GMC Sierra 3500 is the model with the best overall resale value in J.D. Power�s latest Resale Value Awards, and both Honda and Toyota each walk away with five awards. The 2020 awards, in their third year, recognize the best resale value across 25 model-level vehicle segments following three years of ownership. The awards are based on transaction data using customer insights.
2017 GMC Sierra Denali 3500HD. Credit: GMC.
�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,� said Jonathan Banks, vice president & 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.�
Model-Level Resale Value AwardsHonda and Toyota receive the most model-level awards, each with five. They are followed by Lexus (four model-level awards) and Chevrolet and Dodge, each with two model-level awards. The GMC Sierra 3500 has the best resale value in the industry.
Other models that rank highest in their respective segments are Audi Q3, Genesis G90, GMC Sierra 3500, Infiniti Q60, Jeep Wrangler, Mercedes-Benz B-Class and Porsche Cayman.
For the 2020 award process, J.D. Powers evaluated 270 vehicle models 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 utilizes used vehicle wholesale prices, which represent how much a dealer pays for a used vehicle. These prices are then divided by the vehicle�s original purchase price. These calculations are based on wholesale records from May through September 2020 for vehicles that are three years old. For the 2020 calculation, 2017 is the applicable model year.
The following charts were published and provided to the media by J.D. Power based on their U.S. Resale Awards Study. Source: J.D. Power.
November 11, 2020