When purchasing a new car, many buyers fail to account for the substantial financial impact of depreciation. Kelley Blue Book (KBB) identifies depreciation as the largest expense during the first five years of vehicle ownership—often surpassing costs like fuel and maintenance. On average, a 2024 car will retain only 42% of its initial value after five years, making it crucial for buyers to evaluate a vehicle’s resale potential before purchase.Fortunately, certain vehicles outperform others in maintaining value. High-resale-value models retain about 59% of their original worth on average, putting them ahead of 95% of other vehicles. Below are KBB’s top picks for 2024 models with the best resale value.
Top Cars With the Best Resale Value
Chevrolet Corvette
- Starting Price: $69,995
- 5-Year Resale Value: 59%
The 2024 Chevrolet Corvette introduces the E-Ray hybrid, combining an electric front axle with a rear V8 engine for all-wheel drive. As a relatively affordable supercar, the Corvette’s enduring appeal ensures a resale value of nearly 60% after five years. This mix of performance, innovation, and value makes it a standout choice for buyers.
Toyota Tundra
- Starting Price: $41,815
- 5-Year Resale Value: 60.4%
The Toyota Tundra balances capability with comfort, offering a smoother ride than many rivals. While its 12,000-pound towing capacity is lower than competitors like Ford and Chevy, it makes up for it with its reliability and impressive resale value, appealing to practical truck buyers.
Ford Bronco
- Starting Price: $41,525
- 5-Year Resale Value: 66.7%
The Ford Bronco delivers versatility with nine trims, two body styles, and two engine options. Its rugged design and exceptional off-road capabilities set it apart, helping it retain an impressive 67% of its value after five years. Although the base model is costly and road noise is an issue, these drawbacks are outweighed by its resale strength.
Mercedes-Benz G-Class
- Starting Price: $144,150
- 5-Year Resale Value: 61.2%
Luxury meets durability in the Mercedes-Benz G-Class, a vehicle revered for its military-grade engineering and high-end refinement. Despite its steep initial price, its value retention ensures owners recover approximately $87,500 after five years, making it a worthwhile investment for buyers seeking long-term savings and superior quality.
Toyota Tacoma
- Starting Price: $32,995
- 5-Year Resale Value: 62.6%
The 2024 Toyota Tacoma is a midsize truck that outshines rivals like the Ford Ranger and Chevrolet Colorado. Its newly expanded lineup, including a hybrid option, combines Toyota’s reputation for reliability with innovation. This ensures that Tacoma stays competitive while maintaining its resale value over time.
Other Cars With High Resale Value
| Model | Starting Price | 5-Year Resale Value |
|---|---|---|
| Toyota GR Supra | $47,535 | 57.2% |
| Toyota Prius | $29,045 | 55.3% |
| Toyota 4Runner | $42,100 | 54.6% |
| Porsche 718 Cayman | $69,950 | 54.2% |
| Ford Maverick | $25,410 | 54% |
By focusing on cars with high resale value, buyers can significantly reduce long-term costs and make a financially sound investment.