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Kelley Blue Book Names 2022 Winners of 20th Annual Best Resale Value Awards
Understanding Resale Values More Important than Ever for New-Car Buyers Given Current Marketplace Conditions


Ford Maverick Ford Maverick Wins KBB's 2022 Best Resale Value Award kelley_blue_book_logo


ATLANTA, Feb. 28, 2022 /PRNewswire/ -- So many items have become more expensive to purchase over the last few years due to pandemic-influenced supply-chain issues, including new vehicles. The experts predict that prices should gradually level out as inventory supplies rise and settle into more normal patterns over time, but given the fact that the average cost for a new car at the end of 2021 topped $47,000, new-car shoppers in 2022 would be wise to pay more attention than ever to their vehicle's resale value – what a vehicle will be worth down the line when going to sell or trade it in. While most car buyers understand that their vehicle will depreciate, many are not fully aware to what extent and how much this amount can vary from model to model. Understanding a car's resale value can make the difference of hundreds, if not thousands, of dollars in the long run. To help new-car buyers shop smart, Kelley Blue Book, a Cox Automotive company, today announces the 2022 model-year brand, category and top 10 winners of the 20th annual Best Resale Value Awards, recognizing vehicles for their projected retained value through the initial five-year ownership period.

Understanding a car's resale value can make the difference of hundreds, if not thousands, of dollars in the long run.
"New-car shoppers who buy from Toyota or its luxury-brand sibling Lexus – our 2022 Best Resale Value Brand winners – can rest assured that their vehicle should retain its value quite well over time," said Janice Yoell, senior manager of valuations for Kelley Blue Book. "Toyota and Lexus, respectively, are the best vehicle brand and luxury brand for 2022 in terms of the highest average projected resale value across their full lineups. Trucks and SUVs continue to dominate among the top 10 vehicles, including a brand-new Best Resale Value Award winner this year with the Ford Maverick compact pickup – which also was named Best New Model for 2022 by Kelley Blue Book. It's also notable that an electrified vehicle – the Tesla Model X – is among the top 10, another indication of how electrified vehicles are becoming more mainstream in today's marketplace."

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. For 2022, Lexus edges past last year's winner Porsche to celebrate its 3rd win as Best Resale Value: Luxury Brand win.

2022 BEST RESALE VALUE: BRAND
Toyota

2022 BEST RESALE VALUE: LUXURY BRAND
Lexus
2022 BEST RESALE VALUE: BY VEHICLE CATEGORY
COMPACT CAR: Honda CivicFULL-SIZE SUV: GMC Yukon
MIDSIZE CAR: Honda AccordLUXURY SUBCOMPACT SUV: Volvo XC40
ENTRY-LEVEL LUXURY CAR: Lexus ISLUXURY COMPACT SUV: Mercedes-Benz GLB
LUXURY CAR: Lexus LSLUXURY MIDSIZE SUV – 2-ROW: Land Rover Range Rover Velar
SPORTS CAR: Chevrolet CorvetteLUXURY MIDSIZE SUV – 3-ROW: Lincoln Aviator
HYBRID VEHICLE: Toyota RAV4 HybridLUXURY FULL-SIZE SUV: Lexus LX
ELECTRIC VEHICLE: Ford Mustang Mach-EOFF-ROAD SUV: Toyota 4Runner
LUXURY ELECTRIC VEHICLE: Tesla Model XCOMPACT PICKUP TRUCK: Ford Maverick
SUBCOMPACT SUV: Subaru CrosstrekMIDSIZE PICKUP TRUCK: Toyota Tacoma
COMPACT SUV: Subaru ForesterFULL-SIZE PICKUP TRUCK: Toyota Tundra
MIDSIZE SUV – 2-ROW: Subaru OutbackFULL-SIZE PICKUP TRUCK – HEAVY-DUTY: GMC Sierra 2500
MIDSIZE SUV – 3-ROW: Kia Telluride MINIVAN: Toyota Sienna
2022 BEST RESALE VALUE: TOP 10 CARS
Chevrolet CorvetteJeep Gladiator
Ford F-SeriesTesla Model X
Ford MaverickToyota 4Runner
Ford RangerToyota Tacoma
GMC Sierra Toyota Tundra

(Residual values used for award calculations are based on the 2022 model-year vehicles that appear in the January/February 2022 Kelley Blue Book®Residual Value Guide. Top 10 models appear in alphabetical order.)

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 $45,000new 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.

Residual values reflect projected future auction values for vehicles in average condition with 75,000 miles at the end of a five-year lease or ownership period. Kelley Blue Book's residual values are used by manufacturers, banks, financial institutions and the automotive leasing industry. For more information about Kelley Blue Book's Best Resale Value Awards, visit https://www.kbb.com/awards/best-resale-value-cars-trucks-suvs/.
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pa-outdoorsman

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Interesting. However, given the Maverick won in the "compact pickup truck" category, that means it finished first in a two-vehicle race. The Santa Cruz is currently the only other vehicle in the category.
 

Wilky4258

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Interesting. However, given the Maverick won in the "compact pickup truck" category, that means it finished first in a two-vehicle race. The Santa Cruz is currently the only other vehicle in the category.
The Maverick could only compete against the Santa Cruz. The other car companies had nothing to offer so it was mano e mano and the Maverick was judged a better truck.
 

Rob Cactus Gray

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Complete guess work for projections on resale value in 5 years. That said, I believe the resale value will be decent. So long as the Maverick proves to be reliable.
 

Bushpilot

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Interesting, but predicting the future is fraught with peril.
 

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Fx4hOok

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Hyundays check bounced lol
 

Delzona

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Interesting. However, given the Maverick won in the "compact pickup truck" category, that means it finished first in a two-vehicle race. The Santa Cruz is currently the only other vehicle in the category.
I was thinking the same thing, not much of a race. Maybe in a couple of years this will really mean something after there are a few compact trucks available.
 

snowcatxx87

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It’s because of all the over msrp sales out there haha
 

skadizzle

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Interesting. However, given the Maverick won in the "compact pickup truck" category, that means it finished first in a two-vehicle race. The Santa Cruz is currently the only other vehicle in the category.
I was thinking the same thing, not much of a race. Maybe in a couple of years this will really mean something after there are a few compact trucks available.
That was the first thing I thought, not much competition. It was listed in the top 10 cars also, not just subcompact truck so that is better. The OP should've highlighted both.
 
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landscpdesgnr

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Considering the Reddit sub had a polling of those who have received their trucks and more than 50% have had an issue already... says alot about KBB metrics.
 

FakeCowboy

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Considering the Reddit sub had a polling of those who have received their trucks and more than 50% have had an issue already... says alot about KBB metrics.
What does resale value have to do with quality metrics? Jeeps are some of the most problem plagued vehicles out there and still consistently top resale lists. Just because something is popular doesn't mean it's great.
 

landscpdesgnr

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What does resale value have to do with quality metrics? Jeeps are some of the most problem plagued vehicles out there and still consistently top resale lists. Just because something is popular doesn't mean it's great.
That was my point, the Maverick is popular but 50%+ new owners of that population segment on Reddit are having problems w their brand new vehicle. The paint issue alone is a 🚩for resale value as mechanical issues can be fixed or hidden but visually a bunch of chips in paint is going to drag down value.

UGH hate Jeep got burned on a GC w transmission dying well before 100,000 miles. I have always wanted a soft side & top Wrangler but FL rain and heat would be miserable, also a death trap on I-4 already a death trap road.
 

skadizzle

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That was my point, the Maverick is popular but 50%+ new owners of that population segment on Reddit are having problems w their brand new vehicle. The paint issue alone is a 🚩for resale value as mechanical issues can be fixed or hidden but visually a bunch of chips in paint is going to drag down value.

UGH hate Jeep got burned on a GC w transmission dying well before 100,000 miles. I have always wanted a soft side & top Wrangler but FL rain and heat would be miserable, also a death trap on I-4 already a death trap road.

I live in Orlando as well. I love driving stick shifts, but gave it up on my last two cars because I was tired of dealing with them in the I-4 traffic
 

jwiedle24

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2022 winner of best resale for a truck that's been out for ~6 months, and it is only March of 2022...not sure how that works lol still 10 months of data to collect for 2022
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