Everyone knows that once a brand new vehicle is driven out of a dealership, the value starts to depreciate. So if you are one to trade in or change your old car after a year or so, be sure to go for vehicles whose value doesn’t depreciate fast, are in high demand in the used car market, and would give you top dollar value if you opt for a trade-in.
According to Kelly Blue Book, an average 2021 vehicle will lose about 60% of its value over the period of five years. The depreciation effect amongst vehicles is however less pronounced on trucks.
In the automotive industry, the resale value of trucks is amongst the highest- depending on the mileage and condition of the truck though.
In recent years, trucks have become really expensive, which is why resale value is important – there is more money at stake! The price of trucks is on the rise thanks to the high demand and increasing premium features.
As a buyer, you are sure of buying a used truck in great condition thanks to its high resale value, which will keep it running for a while. If you are curious about trucks with the best resale value, here is a list of 5 which are your best bets:
Trucks With Highest Resale Value
Toyota Tundra (2019-2021)
Starting MSRP – From $31,420
Average Resale Value – $15,000
Tundra is a full-size pickup truck and does well to hold its value, and is among the top 10 vehicles you should consider. The Tundra has an excellent 5.7-liter V8, 32-Valve cylinder head with a 4-2-1 tubular stainless steel exhaust manifold.
It comes with 381 horsepower at 5600rpm and torque of 401 lb-ft at 3600rmp, fitted with a 6-speed automatic transmission, a power-assisted ventilated 13.9-in front disc brake with opposed 4-piston brake calipers, and a ventilated 13.6-in rear disk brake.
It has no issues accelerating, hauling, or pulling thanks to 4,300 towing capacity, and the heavy-duty battery.
The Tundra’s 4WD runs on gas with a fuel economy EPA of 13mpg city, 18mpg highway, and 15 mpg combined. It has an excellent reputation for being durable and works perfectly.
Tundra is fitted with leather-trimmed front bucket seats; 10-way power-adjustable driver’s seat; 4-way adjustable front passenger seat and accommodates 5-6 passengers.
Ford Ranger (2019-2021)
Starting MSRP – From $28,168
Average Resale Value – $14,400
Ford Ranger is good at balancing the utility and capability demands of a truck and offers awesome off-road and towing performance. It ranks amongst the top 10 compact pickup trucks with good towing ratings of 7,500 lbs and a payload capacity of 1,860 lbs. It is fitted with easy-to-use and comfortable seats which seat 4-5 passengers.
The Ranger has a turbocharged 2.3-liter 4-cylinder engine with 217 horsepower and a torque of 310 lb-ft. It offers standard rear-wheel drive and all-wheel drive. It offers a 10-speed transmission that shifts smoothly and on the right gear.
The Ranger’s rear-wheel-drive has a good gas mileage and great fuel economy EPA of 21 mpg city, and 28 mpg highway, while the four-wheel-drive offers 20 mpg city and 24 mpg highway. The tremor package boosts Ranger’s off-road capability, which also hikes the cost. a firm and comfortable ride.
Jeep Gladiator (2020-2021)
Starting MSRP – From $33,545
Average Resale Value – $23,600
Jeep Gladiator was ranked amongst the top 10 trucks with awesome resale value and offers versatility and gives fans a cool and useful driving experience. It has a spacious interior with intuitive tech features and user-friendly control features. It offers awesome off-road performance with bold styling, a roomy interior, and comfortable 5-passenger seating.
The Gladiator is a four-wheel drive that offers a 3.6-liter V6 base engine with 285 horsepower, and a torque of 260 lb-ft through a standard six-speed manual transmission or an optional eight-speed automatic. For the diesel engine, it offers a 3.0-liter turbodiesel V6 with 260 horsepower and a torque of 442 lb-ft.
The Gladiator’s fuel economy is fair enough with an EPA 22 mpg city and 28 mpg highway – with the diesel engine. It has a maximum towing capacity of 4,000-7,650 lbs and achieves its highest towing capacity with the gas engine.
GMC Sierra Pick up (2019-2021)
Starting MSRP – From $30,100
Average Resale Value – $22,900
The GMC Sierra offers a powerful and capable smooth ride driving experience. It is built with a roomy interior with a spacious cabin and user-friendly infotainment features. It offers five powertrains with a fuel-efficient diesel engine and good towing capability.
The Sierra is equipped with four-wheel drive and rear-wheel drive. It offers a 4.3-liter V6 standard engine with 285 hp and a torque of 305 lb-ft. It also offers an optional turbocharged 4-cylinder engine which gives off 310 hp and a torque of 348 lb-ft. The V6 has a 6-speed transmission.
The Sierra also has two V8 engines available – 5.3-liters with 355 hp, a torque of 383 lb-ft, and a 6.2-liter with 420 hp and a torque of 460 lb-ft. Combined with the V6 both V8 have stronger acceleration and power. The V8 unlocks the maximum towing capacity of 11,800 pounds and hauls up to 2,250 pounds.
There is also a turbo-diesel engine with 277 hp and torque of 460 lb-ft, which is smooth and offers a much faster acceleration without towing. All other engines offer an 8-10-speed automatic transmission.
The Sierra V8 engine has an EPA of 16 mpg city and 21 mpg highway. For the turbocharged 4-cylinder engine it has an EPA of 20 mpg city and 23 mpg highway, while the turbo-diesel has 23 mpg city and 30 mpg highway.
RAM 1500 Pickup (2019-2021)
Starting MSRP – From $32,795
Average Resale Value – $22,000
The Ram truck is almost flawless with its powerful, smooth ride and top-notch interior that seats 6 passengers; it finishes as one of the top-ranked full-size pickup trucks for 2021. It has set the bar for technology integration, quality materials for its interior, driving comfort, and outstanding towing capabilities.
The Ram is equipped with an engine lineup of four available engines depending on trim level and configuration. The Ram has a powerful 3.6-liter V6 engine with 305 hp and torque of 269 lb-ft. It also has a 5.7-liter V8 engine with 395 hp, a torque of 410 lb-ft, a diesel-powered turbocharged 3.0-liter V6 engine with 260 hp, and torque of 480 lb-ft.
Ram’s TRX comes with a supercharged 6.2-liter V8 engine with 702 hp and torque of 650 lb-ft. The V8 engine has an e-torque mild hybrid system which improves fuel economy and engine start /stop smoothness. The Ram has a smooth 8-speed automatic transmission pair for every engine.
The Ram has a towing capacity that ranges from 4,350 to 12,750 lbs. The V6 engine and rear-wheel drive have 20 mpg city and 25 mpg highway while the V8 has a rating of 15 mpg city and 22 mpg highway. The mild-hybrid V8 has a rating of 17 mpg city and 23 mpg highway while the diesel-powered engine has a rating of 22 mpg city and 32 mpg highway and has the best fuel-efficient rating.
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