Study Names Vehicles That Hold Value

By Staff Writer June 14, 2022

Research shows the Toyota Tacoma is the new vehicle that holds its value the most with a 21.93% depreciation rate over three years.

The study, by Zutobi, looked at depreciation over a period of three years to identify the cars that hold their value - and the cars that depreciate the quickest.

The Toyota Tacoma was revealed to hold its value the most across three years. The average value loss amounted to $6,259, a whopping $21,462 difference to the car which had the worst average value loss, which was the Mercedes-Benz-Benz GLE-Class, at $27,721. 

Despite having one of the most expensive list prices in the study, the Tesla Model 3 still had a high average value of $34,740 after three years, therefore ranking in fourth place, with a 24.79% depreciation rate.

 

Cars That Hold Their Value The Most

Rank

Car Model

List Price

Average Value After 3 Years

Average Value Lost

Average 3 Year Depreciation Rate

1

Toyota Tacoma

$28,545

$22,286

$6,259

21.93%

2

Ford F-Series

$39,395

$29,753

$9,642

24.48%

3

Ford Ranger

$29,195

$22,049

$7,146

24.48%

4

Tesla Model 3

$46,190

$34,740

$11,450

24.79%

5

Nissan Frontier

$30,865

$23,103

$7,762

25.15%

6

Chevrolet Colorado

$28,295

$21,083

$7,212

25.49%

7

Toyota RAV4

$27,740

$20,537

$7,203

25.97%

8

Mazda 3

$23,765

$17,513

$6,252

26.31%

9

Toyota Tundra

$39,695

$29,030

$10,665

26.87%

10

BMW X3

$44,695

$32,618

$12,077

27.02%

 

 

Cars Chat Hold Their Value The Least

Rank

Car

List Price

Average Value After 3 Years

Average Value Lost

Average 3 Year Depreciation Rate

1

Kia Sorento

$30,845

$13,831

$17,014

55.16%

2

Chevrolet Trax

$22,595

$11,228

$11,367

50.31%

3

Mercedes-Benz-Benz GLE-Class

$56,750

$29,029

$27,721

48.85%

4

Buick Encore GX

$25,395

$13,280

$12,115

47.71%

5

Chevrolet Express

$38,495

$20,864

$17,631

45.80%

6

Chevrolet Equinox

$26,995

$14,871

$12,124

44.91%

7

Lexus ES

$41,075

$22,917

$18,158

44.21%

8

Nissan Sentra

$20,635

$11,637

$8,998

43.61%

9

Buick Envision

$32,995

$18,631

$14,364

43.53%

10

Nissan Altima

$25,775

$14,637

$11,138

43.21%

 

The Kia Sorento was found to hold its value the least. With a listing price of $30,845, the Kia Sorento had an average of $17,014 value loss over a three-year period (55.16% depreciation rate). 

Further findings 

  • Toyota is the brand that holds its value the most, with three different models featuring in the top ten.
  • Chevrolet cars hold their value the least, with three of their models featuring in the bottom ten.
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Last modified on Monday, 20 June 2022 15:22