The 2020 Chevrolet Silverado HD has the strongest resale value of any heavy-duty pickup, with Kelley Blue Book projecting the truck will hold onto 60.1 percent of its original value after five years of ownership.
According to KBB, the 2020 Silverado HD may be attractive to second-hand buyers due to its durability, strong payload and tow ratings and comfortable ride. Prices for the 2020 Silverado HD start at $35,695 for a 2500HD Regular Cab in WT (Work Truck) trim and extend to over $70,000 for range-topping High Country models equipped with the available 6.6L L5P Duramax diesel V8 engine. In addition to the Duramax, the truck is also offered with General Motors‘ 6.6L L8T gas V8 engine. The gas engine is paired with a six-speed automatic transmission, while the Duramax is linked up with a 10-speed Allison-branded automatic transmission.
Considering its similarity to the Silverado, it’s no surprise that KBB predicts the 2020 GMC Sierra HD will have the second-best used market value in the segment, retaining an estimated 59.3% of its original sticker price after five years of ownership. It has the same chassis and an identical powertrain lineup to the Silverado, so second-hand buyers will seek out a Sierra for the same reasons they might a Silverado. The truck also covers the same price scope, starting in the mid $30,000 range and extending up to and over $70,00 when very well equipped.
Coming in third place is the 2020 Ram HD, which should retain about 57.9% of its value, according to KBB’s predictions. The company did not provide estimates for the second-hand value of the 2020 Ford Super Duty, though clearly it came last, as only the Detroit Big Three offer heavy-duty haulers. Toyota and Nissan stick to the light-duty segment with their respective Tundra and Titan and offerings.
Two other GM vehicles performed well in KBB’s 2020 Best Resale Value Awards: the 2020 GMC Yukon and the 2020 Chevrolet Corvette. The Yukon is likely projected to retain a decent amount of value for many of the same reasons as GM’s full-size trucks: predicted reliability, practicality and comfort. The 2020 Corvette, meanwhile, is the first-ever production mid-engine Corvette – giving second-hand buyers another reason to seek the car out, which already retains a good amount of value as a front-engine model.