Top Cars with the Best Resale Value for 2022
Numerous factors go into consideration when it comes to buyers are planning or buying a new vehicle. The total cost, which includes MSRP and any optional add-ons, taxes, and fees, is considered to start with. Then the buyers take into consideration the monthly car payment calculation to ensure they can afford the car they are planning to buy. The resale value is also one of the major facets of consideration as well as the silver lining for the buyers. J.D. Power’s U.S. ALG Residual Value Awards rank mass-market and luxury vehicle brands. The ranks are provided based on their forecasted resale value after three years of ownership. Read further to find out which brand tops the list for 2022.The Brands That Offer the Best Resale Value
Honda top the list competing for the mass-market brands to offer the best resale value. It has even been renowned by the same in the 2022 ALG Residual Value Awards. Honda also bagged three model-level awards for top performers Civic sedan and hatchback, Passport SUV, and Odyssey minivan in their respective designated categories for compact cars, mid-size two-row SUVs, and minivan. Lexus was recognized for its overall residual value as the best premium brand. The NX SUV became the sole category winner for Premium Compact Utility. The Mercedes-AMG GT 4-Door successfully won the Premium Executive category, which was long taken by the LS sedan. The all-new Ford Bronco SUV competed with prior winners, including the Jeep Wrangler and Toyota 4Runner, in the Off-Road Utility segment. Apart from Honda, Hyundai became the only other brand to score three category awards. The Accent sedan, Kona SUV, and Kona Electric SUV bagged victory in their respective categories. While coming, other brands were successful in earning two category awards apiece. Here are the brands with their respective models that offer the best resale value.- Honda: Civic (Compact), Odyssey (Minivan), Passport (Mid-size Utility Two-Row Seating)
- Hyundai: Kona EV (Mass-Market Electric), Kona (Micro Utility), Accent (Subcompact)
- Audi: Q3 (Premium Subcompact Utility), A6 Allroad (Premium Full-Size)
- Land Rover: Discovery (Premium Mid-Size Utility Three-Row Seating), Range Rover Velar (Premium Mid-Size Utility Two-Row Seating)
- Mercedes-Benz: Metris (Commercial Van), AMG GT 4-Door (Premium Executive)
- Kia: Telluride (Mid-Size Three-Row Seating), K5 (Mid-Size)
- Subaru: Forester (Compact Utility), WRX (Sports Car)
- Toyota: Tundra (Full-Size Pickup), Tacoma (Mid-Size Pickup)
How Are the Winners Determined For The Ranks?
The factors that are used by J.D. Power’s U.S. ALG Residual Value include design and quality, the desirability of the brand, and its specific models apart from the mileage and condition, which contribute to the vehicle’s depreciation. J.D. Power evaluated 284 models this year in terms of used-vehicle performance, brand outlook, and product competitiveness. The vehicles that hold the highest percentage of original MSRP after three years’ ownership are the ones that secure the top positions.Also Read: A glimpse of The Nissan Skyline GT-R – Japan’s First Supercar
Why Should Car Buyers Care?
Customer satisfaction lies in buying a vehicle that retains more of its value when it comes time to trade, as per the 2021 J.D. Power U.S. Sales Satisfaction Index. The sales satisfaction study clearly indicated that high trade-in values offer value to car buyers even with rising vehicle prices and inventory challenges. Buying a vehicle with a high resale value is a substantial investment for the future.Tags: 2019 Subaru Forester Touring, 2020 BMW iX3, 2020 Chevrolet Suburban, 2020 dodge charger, 2020 EQC, 2020 Ford Super Duty, 2020 Honda Pilot, 2020 Kia Optima, 2020 Mercedes Benz, 2020 Nissan Versa, 2020 Subaru WRX STI, Audi SUV, BMW, Brandon K. Hardison, Chevrolet Car, Chevrolet Sonic, Dodge charger, electric vehicles, honda, Honda Pilot, Hyundai SUV, Mercedes Benz, Nissan Rogue, SUV, upcoming car, Volkswagen, Volkswagen Tiguan SEL Premium R-Line, Volvo Car
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