GMC Sierra 3500HD Has Best Resale Value In The Industry, Study Finds0
The GMC Sierra 3500HD pickup truck has the strongest resale value in the automotive industry, according to J.D. Power.
The consumer research company recently released the results from its 2019 Resale Value Awards, which aimed to identify the brands and models with the strongest second-hand value. The company analyzed 630,000 vehicle transactions for 256 different vehicle models whilst researching the study, taking used vehicle wholesale prices and dividing that figure by the vehicle’s original purchase price. All vehicles analyzed in the study were three years old and released for the 2016 model year.
The GMC Sierra 3500HD was found to not only have the best resale value of all heavy duty pickups, but it also dominated the industry overall with the highest resale value. The Cadillac CT6 also has the second strongest resale value in the full-size luxury sedan segment, behind the Porsche Panamera and ahead of the Jaguar XJ8, while the Chevrolet Tahoe has the best re-sale for a full-size SUV.
“One of the biggest concerns for many new-vehicle owners is depreciation,” Jonathan Banks, vice president of valuations and analytics at J.D. Power, said in a statement. “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.”
Toyota was the strongest mass-market brand for re-sale, taking home four model-level awards for the Prius, Tacoma, 4Runner and Tundra. The company’s Lexus luxury brand was the strongest performing brand overall, as well, with Lexus CT, Lexus NX, Lexus RC, Lexus RX and Lexus LX taking home awards in their respective segments.
While J.D. Power did not provide any data-backed insights into what factors give a vehicle strong resale value in the current day, many of the top-ranked vehicles appear to be nameplates that have been around for a long time, such as the Sierra, Tahoe, Tacoma, Prius, Honda CR-V and others.
You can read the full study for yourself at this link.
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