When purchasing a new vehicle, one of the most important financial considerations is how well the car will hold its value over time. Depreciation—the reduction in a vehicle’s value as it ages—makes up the largest portion of the total cost of ownership. A car’s depreciation rate can significantly affect how much you lose when selling or trading it in, so it’s crucial to choose a car that retains its value well. Some vehicles are known to depreciate at a slower rate, providing buyers with a better return when it’s time to part ways with their cars.
In 2024, Toyota continues to lead the way in terms of vehicles with the best resale values, with several of its models performing exceptionally well in retaining their worth. Honda follows closely behind, known for its reputation for building reliable, durable vehicles that stand the test of time. Other brands such as Subaru and Mazda also make notable appearances on the list, providing strong options for buyers who prioritize resale value. Below, we’ll take a closer look at the top ten cars that hold their value the best, ensuring a solid financial investment for their owners.
1. Toyota RAV4
The Toyota RAV4 is one of the best-selling compact SUVs and continues to perform well in the resale value category. With a five-year depreciation of just 27%, the RAV4 retains 73% of its original value, with an estimated resale price of $27,520 from an average selling price of $37,647. The RAV4’s excellent fuel efficiency, reliability, and versatile design make it an ideal choice for buyers looking for a practical and affordable SUV that doesn’t lose much value over time. Its popularity and Toyota’s reputation for reliability contribute to its strong resale performance.
2. Toyota 4Runner
The Toyota 4Runner has built a reputation for being one of the most reliable and durable SUVs on the market. With a five-year residual value of 74%, the 4Runner retains a significant portion of its value, depreciating by just 39% after five years. Its average selling price is $51,800, resulting in an estimated resale value of $31,593. The 4Runner’s blend of off-road capabilities, spacious interior, and Toyota’s legendary reliability ensure that it remains a popular choice for buyers who want a long-lasting, high-value SUV.
3. Jeep Wrangler
The Jeep Wrangler remains one of the top contenders for the best resale value in 2024, with a five-year residual value of 75%. This iconic off-road vehicle holds its value exceptionally well, depreciating just 34% over five years. At an average selling price of $58,209, the Wrangler’s resale value after five years is approximately $38,610. Its rugged build, off-road capabilities, and timeless design make it a favorite among adventure enthusiasts and collectors alike. The Wrangler’s ability to retain value is a testament to its strong demand in the market and its reputation for reliability in tough conditions.
4. Toyota Land Cruiser
The Toyota Land Cruiser, after making a return to the market, continues to perform strongly in terms of resale value. With an impressive 74% retention of its value over five years, the Land Cruiser retains its luxurious appeal while holding its worth. Priced at an average of $73,000, it depreciates just 26%, with a resale value of approximately $44,791. Known for its luxury features, off-road capabilities, and durability, the Land Cruiser appeals to those looking for a high-end SUV that provides both performance and value retention.
5. Honda CR-V
The Honda CR-V is a staple in the compact SUV market and remains one of the best performers when it comes to resale value. With a 28% depreciation over five years, the CR-V retains 72% of its value, with a resale price of about $22,354 based on an average selling price of $38,461. Known for its spacious interior, practicality, and fuel efficiency, the CR-V continues to be a smart choice for buyers who want a reliable, low-depreciating SUV. Its solid resale value makes it an excellent financial investment for those looking to maximize their return.
6. Honda HR-V
The Honda HR-V is a compact crossover that offers excellent value retention. With a five-year residual value of 73%, the HR-V depreciates just 27%, leaving an estimated resale value of $21,266 from an average selling price of $29,164. This small SUV is a great choice for those seeking a vehicle that balances practicality with style. Honda’s reputation for building reliable, long-lasting cars adds to the HR-V’s appeal, making it a top pick for buyers who want a smaller SUV that holds its value well.
7. Toyota Corolla
The Toyota Corolla is one of the most reliable and affordable compact sedans available, and it performs exceptionally well in terms of resale value. After five years, the Corolla retains 72% of its value, with a resale value of approximately $16,000 from an original price of $22,000. Known for its fuel efficiency, low cost of ownership, and strong reputation for reliability, the Corolla is a great choice for buyers looking for a compact sedan that holds its value well. Its affordability and practicality make it a popular choice for a wide range of drivers.
8. Toyota Tacoma
The Toyota Tacoma is one of the best mid-size trucks when it comes to retaining value. After five years, the Tacoma holds onto 72% of its value, with an expected resale price of $34,000 based on an average selling price of $47,000. The Tacoma is well-known for its durability, off-road capabilities, and reliability, which contribute to its strong resale performance. Whether used for work or recreation, the Tacoma is an excellent choice for buyers who want a truck that will not only perform well but also maintain its value over time.
9. Subaru Impreza
The Subaru Impreza, which is now available only as a hatchback for 2024 and 2025, maintains a strong resale value with a five-year residual value of 72%. After five years, the Impreza is expected to have a resale value of around $19,882 from an average selling price of $27,397. Subaru’s reputation for building reliable vehicles with standard all-wheel drive makes the Impreza a smart choice for buyers who want a car that can handle all seasons while retaining its value. Its strong resale value is a reflection of Subaru’s reliability and the Impreza’s versatile design.
10. Mazda MX-5 Miata
The Mazda MX-5 Miata is an affordable sports car that continues to impress with its ability to hold value. After five years, the Miata retains 72% of its value, with an expected resale price of $23,885 from an average selling price of $36,239. The Miata’s reputation for agile handling, fun-to-drive performance, and relatively low price points make it an attractive option for sports car enthusiasts. Its strong resale value is a testament to the Miata’s enduring appeal in the market and its status as a classic roadster.
Selecting a vehicle that holds its value well is an important consideration for those looking to minimize the financial impact of depreciation. The vehicles listed above—particularly from Toyota and Honda—are some of the top performers in terms of resale value in 2024. Whether you’re in the market for an off-road vehicle, a compact sedan, or a reliable SUV, these cars offer the best value retention, ensuring that you get the most out of your investment. Other brands like Mazda and Subaru also offer excellent options for those seeking vehicles that won’t depreciate too quickly, making them smart choices for long-term ownership.
