Vehicle valuation and research company Kelley Blue Book recently recognized the 2021 GMC Sierra 1500 with a Top 10 Best Resale Value Award.
“Shoppers who choose to buy a 2021 model from one of our Best Resale Value Brand winners can be very confident that their vehicle will retain its value well over time,” said director of residual values at Kelley Blue Book, Eric Ibara.
This is the 19th year that the organization has issued its Best Resale Value awards. On average, a 2021 model-year vehicle is expected to retain just 40 percent of its original value after a five-year ownership period, while a Kelley Blue Book Top 10 for Best Resale Value vehicle, including the 2021 GMC Sierra 1500 pickup, is projected to retain roughly 50 percent or more of its original MSRP.
To determine which vehicles are recognized with a Best Resale Value award, Kelley Blue Book uses a panel of experienced automotive analysts, who leverage the output from statistical models built using millions of transactions.
Vehicles with the highest projected future auction values in average condition and 75,000 miles at the end of a five-year lease or ownership period are then recognized with the award.
The 2021 GMC Sierra 1500 is among the top 10 vehicles with the highest resale value, according to Kelley Blue Book. The GMC Sierra is joined by the Ford F-Series, Ford Ranger, Jeep Gladiator, Jeep Wrangler, Ram Pickup, Toyota 4Runner, Toyota Land Cruiser, Toyota Tacoma, and Toyota Tundra to round out the list of top 10 vehicles.
Additionally, Kelley Blue Book also recognized the 2021 GMC Sierra 2500 HD in the Full-Size Pickup – Heavy Duty category.
The 2021 GMC Sierra 1500 is the third model year of the fourth-generation vehicle, and rides on the GM T1 platform. The pickup is assembled at the GM Flint Assembly plant in Michigan, as well as the GM Fort Wayne Assembly plant in Indiana.
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Comments
what happened to the silvy? It used to always be near the top and now it does not make the list? huh
Ah, the old resale value discussion. I could make this comment quite long, but will attempt to shorten it. First, many confuse residual values with projected resales value with actual resale value. On top of that, it really doesn’t matter what KBB or any other group says, it really comes down to which dealer you go to and how badly they need/want your trade. I’ve personally seen swings of $4,000 or higher from one dealer to another. In many cases, that can be higher than 10% of the original value (as the article states). What can cause that variation from one dealer to another? Let’s say dealer A has 3 similar used vehicles on their lot already and you are trying to trade another in. Dealer A will not be as aggressive. Now you go to dealer B down the road and they really need trade-ins. Let’s say they don’t have one single vehicle like yours on the lot. Dealer B will certainly put more into the trade than dealer A. Now let’s say you go to dealer C and that dealer has no vehicles like yours and they have a good client who is looking for a nice used vehicle like yours. Don’t think for a minute that dealer C won’t put more into your trade-in. Why not? If they can sell a new vehicle and can pre-sell your trade in, that’s a slam dunk. All this and the “suggested value” of your trade didn’t change from A, B or dealer C. What changed was the wants/needs of the dealer.
Next, true resale value can fluctuate faster than these companies come out with their values. Third, even though all the manufacturers do use values from KBB and others, the end “residual value” is still set by the manufacturer. For example, Honda is famous for setting residual values much higher than the vehicle will be worth at lease end. I’ve seen it first hand. I’ve dealt with it first hand. Don’t believe me? Just ask someone who has attempted to get out of a Honda lease early. Next to impossible to do and Honda just takes the hit on the back end after the lease. Lastly, true resale value should NOT be based off the original value (window sticker price) but rather off the actual transactional price. So when I purchased my CT4, I didn’t pay anything close to $37,115.00 that the window sticker showed. Instead, I paid $28,600.00. So my true resale value (to me) would be how much of the $28,600.00 I get for the car in the end.
As you can see from the article, everything in the top 10 is a truck or truck based.
when you buy when the stars and the moon align I would not take that into consideration only what the market tells me. I have a buddy that has bought silvys when the rebates are high and maybe some additional offers like costco,sams or cu etc. and working the sales mangers and then within a year selling it at a profit and getting a new one.
I guess you didn’t read, this article based the values after 5 years of depreciation. Most people don’t get a CT4 at that price. Hence I assume they average the price paid for the vehicle , versus the GAAP depreciation values at the END of 5 years. I hate to break it to you but most folks lease the CT4, those who buy probably catch it at $32k-$36k at best. 5 years off the lot at 75k miles I doubt the CT4 retains more than 2/5th of its original price.
I traded my 2018 GMC Sierra SLT 4×4 Z71 premium plus this October 2020. It had 45k miles and a fender bender on its car fax. I paid 43k brand new in December 2017, traded it in for 34k. Original window Sticker was 55k, bought it end of year with 12k off.
Bought my 2016 SLE Double Cab new at $38k today at 73000 miles it’s worth $23k trade in. Can’t say the CT4 owner earlier can sell his 5 years later at 2/3 the price.
Currently waiting to see if I win the lotto to secure a Hummer EV or if GM will finally market the new 2022’s here soon to trade my 16’ for
used values now are high due to market conditions and p/u values in especially in the last 20yrs. hold there value about the best,after the initial hit they move little in years 2-6.caddys have always had a fast depreciation rate.
My truck burnt down so to a brake controller gm won’t help. Investigators and fire Marshall state that it is the brake co troller 2021 gmc x-31 405-915-4606 Oklahoma.