COSTA MESA, Calif. — J.D. Power announced the winners of its 2019 Resale Value Awards, recognizing the best retained values across 26 model-level segments following three years of ownership.
Analysts noted that vehicles with strong resale values also typically have higher residual values and offer unmistakable benefits to automakers and consumers alike.
“One of the biggest concerns for many new-vehicle owners is depreciation,” said Jonathan Banks, vice president of Vehicle Valuations & Analytics at J.D. Power. “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.”
The brand receiving the most model-level awards is Lexus (six), followed by Honda (five), Toyota (four) and Porsche (three). The GMC Sierra 3500 has the best resale value in the industry. Other models that rank highest in their respective segments are Audi Q3, Chevrolet Tahoe, Dodge Challenger, Dodge Charger, GMC Sierra 3500, Scion tC and Subaru Crosstrek.
For the 2019 award process, 256 vehicle models were evaluated using a sample of more than 630,000 transactions with an average of 2,400 transactions assessed on each vehicle. The award selection process utilizes used vehicle wholesale prices, which represent how much a dealer buys a used vehicle for. These prices are then divided by the vehicle’s original purchase price.
These calculations are based on wholesale records from January through June 2019 for vehicles that are three years old. For the 2019 calculation, 2016 is the applicable model year.
Originally posted on Auto Dealer Today