Last Aug. 21, automotive manufacturers with the best resale value across 26 model-level segments following three years of ownership have been presented with the 2019 J.D. Power Resale Value Awards.
The GMC Sierra 3500 has been recognized with the best resale value in the industry.
Lexus received the most model-level awards (Lexus CT; Lexus RC; Lexus GS; Lexus NX; Lexus RX; and Lexus LX), followed by Honda (Honda Fit; Honda Civic; Honda Accord; Honda CR-V; and Honda Odyssey), Toyota (Toyota Prius; Toyota Tacoma; Toyota 4Runner; and Toyota Tundra) and Porsche ( Porsche Cayman; Porsche 911; and Porsche Panamera).
Audi Q3, Chevrolet Tahoe, Dodge Challenger, Dodge Charger, GMC Sierra 3500, Scion tC and Subaru Crosstrek ranked highest in their respective segments.
Jonathan Banks, Vice President of Vehicle Valuations & Analytics at J.D. Power, mentioned that depreciation is one of the biggest concerns for many new-vehicle owners. He also stated that their transaction database shows the models that have the lowest depreciation costs, which can be very helpful to new-car buyers when deciding on their purchase.