Which SUVs Have the Best Resale Value?
Sport Utility Vehicles – SUVs – provide the perfect combination of utility, capability, fun and affordability. That successful automotive equation has made SUVs and their crossover counterparts fan favorites for the family on the go – but what happens when it is time to sell your Ford Explorer? Many potential sellers who visit The Car Depot in Birmingham, AL want to know – which SUVs have the best resale value – and we are here to help answer your questions.
10 Best Resale Value SUVs
Resale value is dependent on many factors that include the basics – year, make, model, mileage and features – but can include many more like exterior color. Supply, demand and location are also important to consider when you sell your vehicle. SUVs that are popular options and in high demand in a select area may sell for more based on where and when you decide to sell. The increasing popularity of SUVs has helped them surpass passenger cars in terms of resale value and in recent studies, SUVs will hold up to 48.7% of their value on average over a five year period, compared to a standard sedan, which retains just 46.5% of its value on average.
The resale value of your car, truck or SUV will depend on when and where you choose to sell, and The Car Depot promises to meet or beat competitor prices – and while supply, demand and popularity of select models will fluctuate, there are select models that hold their value better than their competitors. Here is a list of the 10 best resale value SUVs that will earn the best price at The Car Depot.
- Toyota 4Runner – 58.6% of Value in 5 Years
- Honda CR-V – 53.4% of Value in 5 Years
- Subaru Crosstrek – 52.3% of Value in 5 Years
- Kia Telluride – 51.9% of Value in 5 Years
- Toyota RAV4 Hybrid – 50.1% Value in 5 Years
- Subaru Forester – 47.2% of Value in 5 Years
- GMC Yukon – 47.2% of Value in 5 Years
- Subaru Outback – 45.2% of Value in 5 Years
- Lexus LX – 45.2% of Value in 5 Years
- Lincoln Aviator – 41.5% of Value in 5 Years
Honorable Mention – Mercedes-Benz GLB – 41.4% of Value in 5 Years
Honorable Mention – Volvo XC40 – 39% of Value in 5 Years
Honorable Mention – Range Rover Velar – 36% of Value in 5 Years
READ MORE: Which Features Can Increase Your Car’s Resale Value?
Do you have a sport utility or crossover you want to sell? You may want to know – which SUVs have the best resale value at The Car Depot? Here is a quick look at some of the most popular SUVs on the market with the highest resale value. Contact The Car Depot today to get the best price for your used SUV in Birmingham, AL!