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You may enjoy your vehicle now, but after a while it’s going to start showing its age and you may want to sell it. That’s why it literally pays to know what kind of resale value your vehicle has.
The recently announced 2019 J.D. Power Resale Value Awards lists vehicles with the best resale value after three years of ownership. If you’re thinking about buying a vehicle, you might want to consider these.
To determine which vehicles had the best resale value, J.D. Power evaluated 256 vehicle models and used wholesale records from January to June 2019.
The research covered 26 model-level segments. Big winners were the Lexus brand, which earned six awards, Honda, which received five awards, Toyota (four) and Porsche (three).
The vehicle with the best resale value in the entire industry was the GMC Sierra 3500. Let’s look at the results from the J.D. Power Resale Value Awards.
First up are the car segments, followed by SUV van and pickup segments. Model segments with only one vehicle listed are those where no other model performs above the segment average:
The list above is a valuable resource for car shoppers looking for vehicles that can hold their value, says J.D. Power’s Jonathan Banks, vice president of vehicle valuations & analytics.
“One of the biggest concerns for many new-vehicle owners is depreciation,” Banks says in a written statement. “Our transaction database shows the models that have the lowest depreciation costs, which can be very helpful to new-car buyers when deciding on their purchase.”
If you happen to be looking for an new vehicle, before you sign the dotted line check out the ‘Clark Smart’ way to buy a new car.
This post was last modified on August 26, 2019 1:40 pm
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