Resale value isn't just some fancy term that accountants love to use. It's about keeping your operation lean and mean and ready for whatever the road throws at you.
The 2024 Ford F-150 Lightning electric truck has a resale value of 43.1%.
Photo: Ford
3 min to read
Kelley Blue Book’s annual Best Resale Value Awards recognizes the 10 individual vehicles projected to retain the highest percentage of their original manufacturer’s suggested retail price (MSRP). Curious what won last year? Check it out!
According to KBB, these 10 vehicle models retain their value better than 95% of all other models. While the average new vehicle will only be worth about 42.4% of its original sticker price after 60 months, these 10 models will return an average of about 59% to their owners’ pockets.
For a $35,000 vehicle, that works out to a meaningful difference of nearly $6,000 over a five-year buy-own-sell ownership cycle.
Recouping more money when you sell a vehicle can add up when you have a small or large vehicle fleet. Imagine having an extra $6,000 per vehicle resold to put toward your next fleet purchase.
The 2024 Rivian R1S elecrtric SUV has a resale value of 47%.
Photo: Rivian
Best Resale Value Top 10 Vehicles for 2024
So, which pickup trucks and SUVs have the highest resale value? Here is KBB’s list of the 10 best overall resale values of 2024.
Toyota received Overall Best Resale Value award for the seventh time in eight years with five total category wins.
The 2024 Toyota Tundra full-size pickup truck has a resale value of 60.4%.
Photo: Toyota
Why Does Resale Value Matter to Commercial Fleets?
Think about your fleet of work trucks or vans. You've got these workhorses on the road day in and day out, hauling, towing, delivering—you name it. They're the backbone of your operation. What happens when it's time to bring in newer trucks or vans? Because, let's face it, no truck runs forever, and technology keeps marching on.
Here's where resale value comes into play and why it's a big deal for fleet managers:
Money in the Bank: First, when you decide to sell or trade-in your older vehicles, the cash you get back from that sale is crucial. A higher resale value means more money in your business's bank account. This money can be a game-changer because it helps you invest in new vehicles without dipping too much into your operation's funds.
Budgeting Like a Boss: When juggling the finances of running a fleet, predicting costs is your best friend. Knowing your vehicles hold their value well gives you a clearer picture of future expenses and revenues. It's like having a crystal ball for your budget, helping you plan better and avoid nasty surprises.
Cost of Ownership: Let's talk about the total cost of owning these workhorses. It ain't just about the price tag when you buy them; it's also about how much you can sell them for down the line. A vehicle that retains its value well is cheaper to own over its lifecycle. Less money lost in depreciation equals a happier bottom line.
Flexibility: In a perfect world, you'd keep a vehicle for its entire useful life and then some. But we both know the world's far from perfect. You may need to adapt to new technologies, like electric vehicles, or changes in what your fleet needs to do. High resale value allows you to make those changes without taking a financial bath.
So, there you have it. Resale value isn't just some fancy term that accountants love to use. It's about keeping your operation lean and mean and ready for whatever the road throws at you.
From tire kickers and door slammers to the hundredth “what engine’s in this thing” question, life on the show floor isn’t exactly easy. In this mockumentary-style video, we flip the script and give you the POV of an Isuzu truck sitting front and center at the booth.
Mack Trucks will now offer the Mack ImpactShield, a windshield made with Corning Fusion5 Glass, as standard equipment on the all-new Mack Granite vocational trucks starting later this year.
Although International will end production of its CV Series in September, dealers will continue to support the Class 4-6 work truck, and International sees the MV Series filling the niche needs of fleets that have depended on the CV.
Acela Truck Company is replacing its Monterra with the new Monterra II, which it recently debuted. The new truck will be offered in day cab, extended cab, and crew cab configurations, along with 4x4 and 6x6 drivetrain options.
This is the final week to register to be part of the Star Nation Experience, a Western Star event that celebrates professional drivers, their skills, and their expertise. It is an all-expenses-paid event built around competition, camaraderie, and the “Never Back Down” spirit that defines the Western Star community.
Check out Isuzu Commercial Truck of America’s latest trucks as Brian Tabel, assistant vice president of marketing, gives us the tour and provides an update on new features and special upfits.
Let’s take a look at the latest service bodies from Reading Truck, the RHD-46 and the RHD-67. Plus, in this video, you will learn about the new Combo Body.
Take a look at Kenworth’s T880S Performance Hood and hear its advantages from Alex Reid, Kenworth’s vocational marketing manager. He also provides a short overview of the other members of the T880 lineup.
Work Truck checks out the Kenworth T480, a workhorse of Kenworth’s vocational lineup. This video tour digs into the details of a Class 8 T480 equipped as a water truck.
