Automotive research and valuation company Kelley Blue Book has announced the winners of the 2024 Best Resale Value Awards, covering the cars, trucks, and SUVs with the highest resale values on the used vehicle market. Taking a spot on the top 10 list is the 2024 Chevy Corvette, which is estimated to offer a five-year resale value of nearly 60 percent of its original sticker price. The Kelley Blue Book Best Resale Value Awards are based on projections from the organization’s Official Residual Value Guide.
Per Kelley Blue Book, the average new vehicle is worth roughly 42.4 percent of the original sticker price after 60 months. Meanwhile, the 2024 Chevy Corvette is predicted to to be worth 59 percent of the original sticker value after 60 months. At 59 percent, the Chevy Corvette slots in at fifth place in the list of the top 10 vehicles with the best resale values for 2024, taking a position above the 2024 Toyota GR Supra (57.2 percent) and below the 2024 Toyota Tundra (60.4 percent). The 2024 Ford Bronco took the spot at the top of the list at 66.7 percent, followed by the 2024 Toyota Tacoma (62.6 percent) and 2024 Mercedes-Benz G-Class (61.2 percent).
In addition to the 2024 Chevy Corvette, the list of 2024-model-year cars (as opposed to SUVs or trucks) with the best resale value included the 2024 Honda Civic (53.8 percent) and 2024 Honda Accord (52.7 percent). Toyota was considered the best overall brand in terms of 2024 resale value, while Lexus was considered the best luxury brand for 2024 resale value.
Kelley Blue Book determined its list of vehicles with the best resale value by making predictions based on the organization’s Official Residual Value Guide. The residual values were established by a team of analysts who reviewed statistical models based on millions of transactions, with winning vehicles retaining their value better than 95 percent of all other models evaluated.
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Comments
I think over longer term, Corvette might score higher.
Those four in front of it will drop further
I told someone this weekend my 2021 Corvette had lost value. They countered back and said online shopping told them these things are still higher , maybe due to Corvette price creeping up each year. My 2021 was 76,000 out the door sticker.
Considering the fact that very few individuals ACTUALLY re-sell a new vehicle the very same year in which they bought it…
Wouldn’t it make much more sense for KBB to simply run the numbers on vehicles actually sold in the PAST? Instead of guessing what they MIGHT sell for in the future?
Tell us what DID hold its resell value. And just how much. Rather than what you think/hope/pray will hold its value down the road.
That’s a far cry from being worth more than sticker like they were bringing before all the cry babies began complaining about them going for more than sticker. That means if you paid 100K for the car at sticker it will lose 40K. Nice going “STUPID” cry babies!!!!!!!!!!!!!!!!! Welcome back to the old days of Corvette pricing when Chevy dealers & wholesalers were the only ones to make any money on them. Corporate Chevrolet will thank you for your loyalty by raising prices on them again!!!!!!!!!!!!!!!!!!!!!!!!!!
Who cares? If you can spend $100k you can sell and buy a newer when you want