The GMC Yukon has earned a 2022 Best Resale Value Award from Kelley Blue Book in the Full-Size SUV category.
Kelley Blue Book’s annual Best Resale Value Awards are recognition of the automakers and vehicle models that retain the highest percentage of their original value on the used market. The publication says an average 2022 model-year vehicle will only retain about 43 percent of its original value after a five-year ownership period, which means a vehicle that sells for $45,000 new today will only be worth about $19,350 five years down the road. However, vehicles that receive one of its Resale Value awards, like the GMC Yukon, typically retain around 56 percent or more of their original price on the used market.
Kelley Blue Book says much of a vehicle’s resale value is based on supply and demand, as well as “current and projected future market conditions.” The GMC Yukon is in high demand and, due to the ongoing semiconductor shortage, is unfortunately in somewhat short supply. Some vehicles also retain a high percentage of their original value as they are not often discounted from new and generate high levels of consumer interest, it says, which also applies to the GMC Yukon. Finding heavy discounts in these full-size SUVs is rare at dealerships, so many consumers will turn to the used market when shopping for one – keeping residual values up.
Other GM vehicles that received awards for resale value from Kelley Blue Book this year include the GMC Sierra (full-size pickup category) and Chevy Corvette (sports car category). Toyota took the overall award for mass-market brands, while Lexus was the top performer among luxury brands.
Pricing for the 2022 GMC Yukon starts at $54,690 including destination and freight, while the extended-wheelbase Yukon XL is priced from $56,395 with DFC.