Every purchase other than homes, land, and collectibles loses its value with time. This is called depreciation. Car buyers are shocked to find that a car’s value is substantially less after leaving the parking lot. Vehicles tend to depreciate quicker than most assets, losing up to half their value during the first five years of ownership. You can save money in the long run by purchasing cars and trucks with higher resale values.
Selling a truck with a high value retention is a wise return on investment. Cheddar Auto will tell you which trucks are the hottest in the resale market for 2023. Get More Cheddar in Ohio with our convenient online system if you want to sell yours! The following trucks have some of the highest resale values in 2023.
Ford’s F-Series Trucks
Ford’s F-150 is the world’s best-selling truck. These are always sales leaders, even used. It isn’t a surprise that it has a high resale value. Kelley Blue Book expects the F-Series of trucks to retain 57.3% of their value after five years. While KBB broke out the GMC Sierra HD, it didn’t separate the half-ton F-150 from the larger Super Duty trucks.
GMC’s 2022 Sierra HD
The 2022 GMC Sierra 2500 HD will retain 60.8% of its worth in five years. The Sierra HD is the only full-size heavy-duty truck to make this list. The HD line of GMC trucks is the company’s line that comes with the most towing capacity, most payload, and most torque. These trucks can tow up to 36,000 pounds, for example.
Toyota Tacoma Trucks
Toyota Tacoma has been the best-selling mid-size truck line for the last 17 years, so we’re not surprised that they are expected to retain 60.6% of their value. Tacomas are a good size, offer good utility, and have a comfy cabin after a recent update. They can be ordered as simple work trucks, off-road animals with TRD packages, or luxury trucks in Limited trim. But at their core, Tacomas are workhorses you can get many miles out of.
Ford’s 2022 Maverick
While the Maverick is still a new truck and design, KBB expects it to retain 59.5% of its value in five years. That’s Tacoma territory, but Ford designed this truck to be a light-duty pickup with a four-cylinder hybrid motor that can get up to 42 miles per gallon in the city. It’s no surprise that Mavericks hold their value. Since it’s already outselling the Ford Ranger.
Get More Cheddar in Ohio with Cheddar Auto
Get More Cheddar pays what your car is truly worth in Warren, Cleveland, Akron, Sharon, Canton, Chillicothe, Youngstown, OH, and Hermitage, PA. If you’re ready to resell your truck and want the highest possible return on your investment, contact Cheddar Auto.