Best 2023 vehicles that hold their value over time
Buying a car isn’t just about getting the best price possible. It’s about choosing a model with long-term value and the ability to retain a substantial resale worth. This post explores a few automotive gems of 2023 that promise both exhilarating performance and a future-proofed financial advantage. From sleek sedans to versatile SUVs and capable trucks, our lineup has a variety of vehicles you can drive for years and still demand a good resale price.
The Toyota Tacoma has a great resale value. It’s one of the few pickup trucks that has been consistently showing up on the used market year after year, attracting many buyers. The estimated five-year resale value of the Tacoma is pegged at a solid 66% of its original price, which is exactly how much the Tesla Model X demands after the same period. The current generation of the Toyota Tacoma has been around for approximately eight years. It is one of the top choices among buyers looking for a mid-size truck for traveling and hauling purposes.
Tesla Model X
Tesla’s Model X has grabbed a massive chunk of the car market since its launch, thanks to its sleek design, automated driving experience, and high-grade safety features. The vehicle has also made it into Kelley Blue Book’s list of best resale value cars for 2023. KBB predicted that the Model X would be able to retain approximately 66% of its original price in the used market after five years. Its starting price is a whopping $101,380, which means you can sell it for around $67,000. Of course, the exact amount would change depending on the trim and specs. The car’s outstanding features have set it apart from many other options in the all-electric segment.
The Honda Civic has been a success in the new as well as the resale market since it was first introduced in 1972. It’s one of Honda’s most popular and profitable models, with a four-cylinder engine, multiple trim levels, and numerous safety features. But the most significant factor driving its demand is its affordability. The vehicle is one of the cheapest, most reliable hatchbacks you can get your hands on today. You will not only pay a lower price upfront to bring it home but also demand a high price when you plan to sell it. The Civic has a five-year resale value of 62.5%, according to KBB.
The Wrangler has a niche fan following that almost every other car aspires. It also has a high resale value, which makes it an investment worth considering. KBB estimates the Jeep Wrangler’s resale value to be above 60% of its original cost. The mid-range model from the 2023 lineup starts close to $33,000, while the high-range models are priced starting at $50,000. The SUV has an excellent powertrain, top-end safety technologies, and a comfortable interior. It’s a suitable choice for off-roading adventures with family and friends.
Another car that can grip onto its original cost and demand a high resale value is the Chevrolet Corvette. The Corvette is one of the most reliable vehicles developed in the country and an option you cannot overlook in the sports car segment. According to KBB, it’s estimated to retain nearly 65.3% of its original sale value. The C8 Corvette is a masterpiece with a mid-engine, priced around $65,895 onward. The 2023 model has a 6.2L V-8 engine that delivers 490 horsepower and goes from 0 to 60 in just 2.9 seconds.
If you love to keep upgrading their cars, try the Crosstrek. Besides having a high resale value, it comes with the reliability that Subaru offers. The latest lineup has a hybrid option, and you can choose from six trims and different drivetrains. However, the new car is priced upward of $26,000, making it a bit costlier. The Subaru Crosstrek is sometimes compared to the likes of the Jeep Wrangler due to its off-roading capabilities.
The Mazda MX-5 didn’t taste success when it was initially launched in 1989 when safety was being prioritized over a flashy open-top car. Despite all the hindrances, it has emerged as one of the best sports cars you can buy today. The vehicle’s high resale value is proof of its reliability in the convertibles segment. Its starting price is assumed to be $28,050, with a resale value of only a few thousand less. Besides the MX-5, you can invest in the CX-5, another Mazda offering that retains more than half its value.
If you’re a Dodge fan, the market has plenty of offerings you may like. Cars like the Dodge Charger and Dodge Durango are among the top choices providing top-of-the-class features for their respective segments. The 2023 Charger is available in multiple trims, with prices starting at $34,230 for the base model. Its resale value is also said to be on the rise, so you get back a good amount upon listing it in the used market.
The resale market has much to offer regardless of whether you’re selling your car or buying a used one. Of course, a higher number of options can be confusing. So, ensure you research well and sort through your requirements systematically before deciding.