Used SUVs That Maintain Their Value Best: Edmunds Expert Analysis
Purchasing a vehicle, whether new or pre-owned, brings considerable satisfaction and enjoyment to owners. However, the inevitable decline in value as vehicles age presents a less appealing aspect of ownership. While depreciation remains typically unavoidable across the automotive market, certain specific vehicles demonstrate a remarkable ability to retain their value better than others once they transition into the used car marketplace. The underlying reasons for this resilience can vary significantly, but they predominantly revolve around the fundamental desirability and perceived quality of the vehicle in question.
How Edmunds Determined the Best Value-Holding SUVs
Information regarding which particular vehicles hold their value most effectively is not always readily accessible to average consumers. Nevertheless, savvy and informed shoppers can utilize this crucial data to select a vehicle that depreciates less substantially than the market average over the longer term. The automotive experts at Edmunds conducted a comprehensive analysis of sales transaction data, meticulously comparing the average transaction price of used 2023 model-year SUVs against their original manufacturer's suggested retail price (MSRP). From this detailed examination, they successfully identified the top two performing SUVs across five distinct size categories that maintain their value most impressively. These specific rankings apply directly to the 2023 model year but could also be viewed as solid, reliable indicators for consumers considering the purchase of a new 2026 model year vehicle.
Extra-Small SUVs Category Leaders
Toyota Corolla Cross: This subcompact SUV excels as an exceptionally practical and budget-friendly vehicle option. It comes equipped with numerous standard driver assistance features and provides ample cargo space relative to its compact dimensions. While the Corolla Cross may not be considered flashy or overly stylish, it delivers unbeatable value, retaining an impressive 81.7% of its original value after three full years of ownership.
Honda HR-V: Following closely behind the Corolla Cross, the HR-V will strongly appeal to SUV shoppers seeking a practical and efficient means of daily transportation. Edmunds specifically praised the HR-V's generous amount of passenger space and substantial cargo volume, though they noted some underwhelming aspects regarding its relatively slow acceleration performance.
Small SUVs That Retain Value Exceptionally Well
Toyota RAV4 Hybrid: Among small SUVs, the Toyota RAV4 consistently excels in fundamental areas. It offers comfortable and roomy interior accommodations and is available in a wide range of trim levels to suit varied budgetary requirements. Excellent performance in rigorous crash safety tests represents another significant draw, alongside outstanding fuel economy ratings. These combined attributes contribute to the RAV4 Hybrid maintaining a strong 81.4% residual value in Edmunds' detailed analysis.
Honda CR-V: Close behind the RAV4 Hybrid is another immensely popular small SUV, the Honda CR-V. A smooth, comfortable ride quality and easy-to-use technology features represent just some of the CR-V's numerous positive attributes. Edmunds also specifically highlighted its easygoing driving nature, remarkably roomy cargo hold, and impressive fuel economy delivered by its available hybrid powertrain system.
Midsize SUVs With Strong Value Retention
Toyota 4Runner: The Toyota 4Runner commands a loyal following among consumers seeking an SUV with genuinely rugged design aesthetics and authentic off-road capability. Based on the robust Tacoma pickup truck platform, the midsize 4Runner continues to appeal strongly to traditional SUV enthusiasts who prioritize real off-road performance. After three years, the 4Runner retains a remarkable 83% of its original value on average, representing the best residual value figure among all SUVs mentioned in this comprehensive article.
Ford Bronco: For consumers desiring a vehicle with an even more adventurous spirit while still maintaining solid resale value, the Ford Bronco presents an excellent option. It features a distinctive retro-fueled design aesthetic, incredible go-anywhere off-road capability, and a seemingly endless options sheet allowing for extensive customization.
Midsize Three-Row SUVs Maintaining Value
Toyota Highlander Hybrid: The Toyota Highlander has remained a popular three-row SUV choice for more than two decades. The current generation continues to provide a comfortable driving experience and excellent fuel economy, particularly from the Highlander Hybrid version. While the Highlander's third-row seat space is relatively compact, owners will not complain about the Highlander Hybrid's impressive residual value of 77% after three years of ownership.
Honda Pilot: Securing second place in this category is the Honda Pilot. It also enjoys an enviable reputation for providing ample passenger space and generous cargo room suitable for growing families. Its third-row seat offers more spacious accommodations than the Highlander's, though Honda does not currently offer a hybrid version of the Pilot model.
Large Three-Row SUVs With Strong Residual Values
Toyota Sequoia: The Toyota Sequoia is certain to appeal to SUV shoppers requiring maximum interior room while craving strong performance capabilities. Its hybrid engine configuration delivers substantial power and provides plenty of passing power on highways, even though fuel economy remains roughly on par with most other large non-hybrid competitors. A residual value of 80% after three years adds significant reassurance that this large SUV will not create a substantial financial burden when driven off the dealership lot.
Chevrolet Tahoe: Chevrolet's Tahoe ranks second among large three-row SUVs that best maintain their value after three years of ownership. Thanks to its lineup of two robust V8 engines and a turbocharged diesel-powered six-cylinder option, the Tahoe represents an ideal choice for consumers planning to tow heavy trailers regularly. The Tahoe also incorporates Chevrolet's latest technology features and infotainment systems.
Edmunds emphasizes that an SUV of any shape or size represents a major financial investment for most consumers. Knowing that a vehicle which has caught your eye will not plummet dramatically in value over time provides added peace of mind and long-term financial security.
