Kelley Blue Book, a Cox Automotive company, announced the 2022 model-year brand, category, and top 10 winners of the 20th annual Best Resale Value Awards on Feb. 28, 2022. The awards recognize vehicles for their projected retained value through the initial five-year ownership period.
The 2022 Best Resale Value - Brand award went to Toyota. This year marks the sixth Best Resale Value: Brand win for Toyota, which previously won the same honors in 2014, 2017, 2018, 2019 and 2021.
The 2022 Best Resale Value - by Vehicle Category Awards included cards, SUVs, vans, and pickup trucks. The top pickup trucks honored by Kelley Blue Book in 2022 are:
- COMPACT PICKUP TRUCK: Ford Maverick
- MIDSIZE PICKUP TRUCK: Toyota Tacoma
- FULL-SIZE PICKUP TRUCK: Toyota Tundra
- FULL-SIZE PICKUP TRUCK – HEAVY-DUTY: GMC Sierra 2500
According to a release from Kelley Blue Book, many new-car buyers do not realize that depreciation often is the greatest expense incurred by drivers during the first five years of vehicle ownership. An average 2022 model-year vehicle will only retain about 43% of its original value after a five-year ownership period, meaning that a $45,000 new car today will only be worth somewhere close to $19,350 after five years. In comparison, all vehicles in Kelley Blue Book's Top 10 for Best Resale Value are projected to retain around 56% or more of their MSRP.
Resale value for new vehicles can vary greatly. Vehicles with average or below-average resale values generally are plentiful in the marketplace and easy to find, but certain vehicles are projected to hold their value better than others. While much of a vehicle's resale value is based on supply and demand, as well as current and projected future market conditions, vehicles that retain their value best typically are discounted the least and tend to generate high levels of consumer interest.
Now in its 20th year, Kelley Blue Book's Best Resale Value Awards are based on projections from the Kelley Blue Book Official Residual Value Guide. Kelley Blue Book Residual Values are established by experienced automotive analysts that review the output from statistical models built upon millions of transactions. Vehicles that earn the highest five-year residual values, expressed as a percentage of their original Manufacturer's Suggested Retail Price (MSRP), are selected for these prestigious awards. Low-volume vehicles are excluded from award consideration, except in the electric, luxury and sports car categories.