Top 2023 Vehicles with the Highest Resale Value

If you’re looking to buy a new car, take a long-term perspective and consider its resale value in the future. While valuations may feel arbitrary, the second-hand vehicle industry is booming, and some vehicles have been known to have a higher resale value in the market. Considering this factor can help you save money and get a better price for your next car. Here are 13 2023 vehicles with the highest resale value:
Hyundai Palisade
The Hyundai Palisade is a midsize 3-row SUV with an intuitive layout and a value-oriented pricing strategy. With a slight nod to luxury, prices for the 2023 version of Palisade begin at $37,235, and it is expected to retain a market value of 59.7% after a 5-year ownership period.
Chevrolet Silverado HD
When it comes to heavy-duty pickup trucks, the 2023 Chevrolet Silverado HD is expected to have one of the highest market values of 60.1% after a 5-year ownership period. Currently, the powerful truck has a starting price of $43,395. With several combinations to choose from, the truck offers a great towing capacity, trailer-assist features, lots of interior space, a host of driver-assistance features, and more.
Jeep Wrangler
One of the most iconic off-road vehicles today, the Jeep Wrangler is known for its strength, prowess, and unique looks. Owing to its popularity, the 2023 Wrangler is expected to retain up to 61% of its market value in the next five years. Its current base MSRP is $33,000, with higher models going up to $50,000.
Subaru Crosstrek
As a brand, Subaru is known for its reliable vehicles that hold their value well. Like the Wrangler, the Crosstrek 2023 is also expected to retain a value of 61% over the next five years. The starting base price of this variant is $26,290, and the vehicle is offered with a choice of drivetrain and six trims, which includes a hybrid model.
Ford Maverick
When it comes to compact pickup trucks, the Ford Maverick offers one of the highest resale values. Currently, the base model of the Maverick has an MSRP of $23,690. According to market predictions, the 2023 Maverick is expected to hold up to 61.7% of its current market value after five years. It can fetch you up to $15,000 during a resale.
Honda Civic
The Honda Civic has retained its status as one of the most popular compact cars on the road. The base MSRP for the 2023 variant of this cult favorite begins at $24,545. After a 5-year ownership period, the 2023 Civic is expected to retain up to 62.5% of its market value, which adds to its legendary reputation.
If you’d like to size up on the Civic, you may also check out the 2023 Honda Accord, which is expected to retain up to 57% of its current market value.
Toyota 4Runner
If you prefer a more traditional SUV, the 2023 Toyota 4Runner makes for a great purchase. It is expected to have a market resale value of 64.4% after a 5-year ownership period. The base MSRP for the 2023 model is $40,390.
Chevrolet Corvette
The Chevy Corvette has always been a crowd-puller, and the 2023 version is no exception. It boasts a 6.2-liter V8 engine that can deliver a whopping 490 horsepower, making it a true supercar. The base MSRP for the 2023 Corvette begins at $65,895, and the car is expected to retain up to 65.3% of its current market value after a 5-year ownership period.
Ford Bronco
For people looking to purchase an off-road SUV, the 2023 Ford Bronco stands out in terms of its market resale value. Expected to retain up to 65.4% of its original value after a five-year ownership period, this SUV can master every terrain with ease. It is offered in 10 trims, with a base price of $36,390. From its 2023 lineup, the Heritage Limited Edition is also expected to be a collector’s item, improving its popularity and saleability.
Tesla Model X
When it comes to EV options, the 2023 Tesla Model X is expected to retain around 66% of its value when it comes to resale after a 5-year ownership period. Prices for the base model of this luxury EV start at $101,380. The car has a long-range battery, quick powertrains, quick recharge features, minimal but tech-loaded interiors, and much more.
Toyota Tacoma
Offering one of the best resale values for the year, the 2023 Toyota Tacoma is expected to have a value retention of 66% after a 5-year ownership period. Prices for the 2023 model begin at $29,585. This midsize pickup truck is one of the toughest vehicles on the market and comes with a host of impressive driver safety features.
Toyota Tundra
If you’re looking to buy a full-size pickup truck purely for its market resale value, the 2023 Toyota Tundra tops the list with an expected value retention of 73.3% after an ownership period of five years. Prices of the base SR model begin at $40,760. It is only offered with a twin-turbo V-6 engine with a 10-speed automatic transmission with competitive horsepower and torque. It also has a stunning towing capacity of up to 12,000 pounds and a host of driver-assistance technology.
During the first five years of car ownership, depreciation is one of the biggest expenses car owners encounter. For comparison, other average 2023 vehicle models are expected to retain around 45% of their current market value after a 5-year ownership period. Based on current market trends, the brand with the best resale value in 2023 is Toyota, while for luxury brands, Lexus offers the best value retention.