Honda, Toyota Top Resale Value Awards

By Staff Writer November 04, 2020

Honda and Toyota topped the J.D. Power 2020 U.S. Resale Value Awards, recognizing the best resale value across 25 model-level vehicle segments following three years of ownership. This is the third year J.D. Power has given these awards, which are based on transaction data using customer insights.

Honda 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.

  • 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, GMC Sierra 3500, 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 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.

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Last modified on Tuesday, 10 November 2020 17:38