Edmunds Analysis: Top Used SUVs for Maximum Value Retention
Car shoppers seeking a new or used SUV often prioritize models that will hold their value over time, ensuring a smarter long-term investment. While depreciation is typically inevitable, some vehicles outperform others in retaining their worth once they enter the used car market. This desirability stems from factors like reliability, features, and brand reputation, making certain SUVs stand out as solid financial choices.
Information on which vehicles hold their value best isn't always easily accessible, but savvy consumers can leverage data to select models that depreciate less than average. The automotive experts at Edmunds have conducted a thorough analysis, examining sales transaction data to compare the average transaction price of used 2023 model-year SUVs with their original manufacturer's suggested retail price. From this, they identified the top two SUVs in five size categories that excel at value retention. These rankings, specific to the 2023 model year, also serve as reliable indicators for those considering new 2026 models, offering peace of mind for future resale value.
Extra-Small SUVs: Toyota Corolla Cross and Honda HR-V
The Toyota Corolla Cross is a subcompact SUV that shines as a practical and budget-friendly option. It comes equipped with many standard driver assist features and provides ample cargo space relative to its size. While not flashy, the Corolla Cross offers unbeatable value, retaining 81.7% of its original value after three years of ownership.
Close behind, the Honda HR-V appeals to SUV shoppers seeking a practical means of transportation. Edmunds praised the HR-V for its generous passenger space and cargo volume, though noted its acceleration can be underwhelming. Despite this, its value retention remains strong, making it a competitive choice in the extra-small category.
Small SUVs: Toyota RAV4 Hybrid and Honda CR-V
Among small SUVs, the Toyota RAV4 excels in fundamentals, offering comfort, roominess, and a wide range of trim levels to suit various budgets. Its excellent performance in crash tests and great fuel economy add to its appeal, resulting in a robust 81.4% residual value in Edmunds' analysis.
The Honda CR-V follows closely, known for its smooth ride and user-friendly tech features. Edmunds highlighted its easygoing driving nature, spacious cargo hold, and impressive fuel economy from its available hybrid powertrain, solidifying its position as a top value-retaining small SUV.
Midsize SUVs: Toyota 4Runner and Ford Bronco
The Toyota 4Runner boasts a loyal following among enthusiasts seeking a rugged design and genuine off-road capability. Based on the Tacoma pickup, this midsize SUV caters to traditional fans who prioritize real off-road performance. After three years, the 4Runner retains an impressive 83% of its value on average, the highest among all SUVs in this article.
For those desiring an even more adventurous spirit without sacrificing value, the Ford Bronco is a standout choice. With its retro-fueled design, incredible go-anywhere capability, and extensive options sheet, it maintains strong resale value, appealing to thrill-seekers and practical buyers alike.
Midsize Three-Row SUVs: Toyota Highlander Hybrid and Honda Pilot
The Toyota Highlander has been a popular three-row SUV for over two decades, with the current version offering a comfortable driving experience and excellent fuel economy from its hybrid variant. While its third-row seat is relatively small, the Highlander Hybrid's residual value of 77% after three years makes it a compelling option for families.
In second place, the Honda Pilot enjoys an enviable reputation for providing ample space and cargo room, ideal for growing families. Its third-row seat is larger than the Highlander's, though Honda does not currently offer a hybrid version, which may influence long-term value for eco-conscious buyers.
Large Three-Row SUVs: Toyota Sequoia and Chevrolet Tahoe
The Toyota Sequoia appeals to SUV shoppers needing maximum room and strong performance. Its hybrid engine delivers plenty of passing power, though fuel economy is comparable to non-hybrid rivals. With a residual value of 80% after three years, this large SUV offers reassurance against significant financial loss upon resale.
Chevrolet's Tahoe ranks second for large three-row SUVs that best maintain value, thanks to its lineup of robust V8 engines and a turbocharged diesel-powered six-cylinder, making it ideal for towing heavy trailers. Equipped with Chevy's latest technology features, the Tahoe combines utility with strong value retention.
Edmunds emphasizes that an SUV of any shape or size represents a major investment. Knowing that a vehicle won't plummet in value provides added peace of mind, helping buyers make informed decisions for their financial future. This analysis, provided by the automotive website Edmunds and contributed by Nick Kurczewski, offers valuable insights for car shoppers navigating the used SUV market.
