J.D. Power Announces Best Resale Value Awards for Mass Market and Luxury Vehicle Models
Honda and Toyota Each Receive Five Awards for Best Resale Value
TROY, Mich.: 4 Nov. 2020 — The J.D. Power 2020 U.S. Resale Value Awards, recognizing the best resale value across 25 model-level vehicle segments following three years of ownership, were announced today. This is the third year J.D. Power has given these awards, which are based transaction data using customer insights. Included in this list is the model with the best overall resale value, the GMC Sierra 3500.
“Our transaction database shows which models have the lowest depreciation costs, hence providing consumers with a key component in the total cost of ownership of the vehicle they plan to purchase or sell,” said Jonathan Banks, vice president & general manager of vehicle valuations at J.D. Power. “Currently, wholesale prices remain strong and we expect prices will be greater than pre-virus levels by year’s end. However, given the volatility of the market, it’s more important for consumers to factor this information into their purchase decision.”
Model-Level Resale Value Awards
Honda and Toyota receive the most model-level awards, each with five. They are followed by Lexus (four model-level awards) and Chevrolet and Dodge, each with two model-level awards. The GMC Sierra 3500 has the best resale value in the industry.
• Honda: Honda Accord; Honda Civic; Honda Fit; HR-V; and Honda Odyssey • Toyota: Toyota 4Runner; Toyota 86; Toyota Prius v; Toyota Tacoma; and Toyota Tundra • Lexus: Lexus GS; Lexus LX; Lexus NX; and Lexus RX • Chevrolet: Chevrolet Corvette and Chevrolet Tahoe • Dodge: Dodge Challenger and Dodge Charger
Other models that rank highest in their respective segments are Audi Q3, Genesis G90, GMC Sierra 3500, Infiniti Q60, Jeep Wrangler, Mercedes-Benz B-Class and Porsche Cayman.
For the 2020 award process, 270 vehicle models were evaluated using a sample of more than 592,000 transactions with an average of 2,200 data points assessed on each vehicle. The award selection process utilizes used vehicle wholesale prices, which represent how much a dealer pays for a used vehicle. These prices are then divided by the vehicle’s original purchase price. These calculations are based on wholesale records from May through September 2020 for vehicles that are three years old. For the 2020 calculation, 2017 is the applicable model year.
To view the online press release, please visit http://www.jdpower.com/pr-id/2020034.
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies.
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J.D. Power is headquartered in Troy, Mich., and has offices in North America, Europe and Asia Pacific. To learn more about the company’s business offerings, visit JDPower.com/business. The J.D. Power auto shopping tool can be found at JDPower.com.
Media Relations Contacts Geno Effler, J.D. Power; Costa Mesa, Calif.; 714-621-6224; [email protected] Shane Smith; East Coast; 424-903-3665; [email protected]
About J.D. Power and Advertising/Promotional Rules: www.jdpower.com/business/about-us/press- release-info
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J.D. Power 2020 U.S. Resale Value Awards Top 3 models per segment Car Segments
Small Car Midsize Car Highest Ranked: Honda Fit Highest Ranked: Honda Accord Toyota Prius c Toyota Camry Toyota Yaris iA Chevrolet Malibu
Small Premium Car Midsize Sporty Car Highest Ranked: Mercedes-Benz B Class Highest Ranked: Dodge Challenger Acura ILX Ford Mustang Lexus CT Chevrolet Camaro
Compact Car Midsize Premium Car Highest Ranked: Honda Civic Highest Ranked: Lexus GS Subaru WRX (tie) Genesis G80 Toyota Prius (tie) BMW 5 Series
Compact Sporty Car Midsize Premium Sporty Car Highest Ranked: Toyota 86 Highest Ranked: Chevrolet Corvette Volkswagen GTI Nissan GT-R Subaru BRZ Porsche 911 Compact Premium Car Large Car Highest Ranked: Infiniti Q60 Highest Ranked: Dodge Charger Lexus IS Chevrolet SS Lexus RC Chrysler 300
Compact Premium Sporty Car Large Premium Car Highest Ranked: Porsche Cayman Highest Ranked: Genesis G90 Porsche Boxster Kia K900 (tie) Audi TT Porsche Panamera (tie)
Source: J.D. Power 2020 U.S. Resale Value Awards Charts and graphs extracted from this press release for use by the media must be accompanied by a statement identifying J.D. Power as the publisher and the study from which it originated as the source. Rankings are based on numerical scores, and not necessarily on statistical significance. No advertising or other promotional use can be made of the information in this release or J.D. Power survey results without the express prior written consent of J.D. Power.
J.D. Power 2020 U.S. Resale Value Awards Top 3 models per segment SUV, Van, Pickup Segments
Small SUV Midsize Premium SUV Highest Ranked: Honda HR-V Highest Ranked: Lexus RX Subaru Crosstrek Acura MDX Volkswagen Tiguan Lexus GX
Minivan Small Premium SUV Highest Ranked: Honda Odyssey Highest Ranked: Audi Q3 Toyota Sienna Infiniti QX30 Kia Sedona Land Rover Evoque Large SUV Compact SUV Highest Ranked: Chevrolet Tahoe Highest Ranked: Jeep Wrangler Toyota Sequoia Honda CR-V GMC Yukon Mazda CX5 Large Premium SUV Compact Premium SUV Highest Ranked: Lexus LX Highest Ranked: Lexus NX Lincoln Navigator Lincoln MKC Cadilliac Escalade Porsche Macan Large Light Duty Pickup Compact MPV Highest Ranked: Toyota Tundra Highest Ranked: Toyota Prius v Chevrolet Silverado 1500 Ford C-Max GMC Sierra 1500 Kia Soul Large Heavy Duty Pickup Midsize Pickup Highest Ranked: GMC Sierra 3500 Highest Ranked: Toyota Tacoma Chevrolet Silverado 2500 HD Chevrolet Colorado GMC Sierra 2500 HD GMC Canyon
Midsize SUV Highest Ranked: Toyota 4Runner Honda Pilot Toyota Highlander
Source: J.D. Power 2020 U.S. Resale Value Awards Charts and graphs extracted from this press release for use by the media must be accompanied by a statement identifying J.D. Power as the publisher and the study from which it originated as the source. Rankings are based on numerical scores, and not necessarily on statistical significance. No advertising or other promotional use can be made of the information in this release or J.D. Power survey results without the express prior written consent of J.D. Power.