This content has been reviewed and updated on March 13, 2024. 

As a wholesale car dealer, you’re likely familiar with how quickly cars can depreciate and how important it is to choose vehicles that hold their value. When you’re selling used cars, selecting ones with the highest resale value makes good business sense. Read on to learn more about models that retain their value quite well and are sure to be strong sellers at your dealership.

Top 10 Cars with the Highest Resale Value

The following vehicles are resale value award-winners according to Kelley Blue Book’s 2023 evaluation.¹ It’s worth noting that Subaru, which appears on this list with the Crosstrek, is the brand that ranks first in retained value according to Car Edge.²

1. 2023 Toyota Tundra

Toyota has an incredible vehicle in the Tundra. This truck offers more capabilities than its predecessors, an upgraded look, and a smooth ride. The interior is comfortable with premium upholstery.³

Vehicle type: Pickup truck

Engine type: Two powertrain options, one of which is a hybrid

Drive Type: Rear-wheel drive (4x2) is the standard option, but 4-wheel drive (4x4) is available on every trim level.

Average price: Starts at around $39,965.

2. 2023 Toyota Tacoma

Resale value is one of the top strengths of the Toyota Tacoma, as it boasts high quality and reliability. It has better safety models than previous model years as well.⁴

Vehicle type: Pickup truck

Engine type: The base model has a turbocharged 2.7-liter 4-cylinder engine.

Drive type: 4-wheel drive

Average price: Starts around $27,250.

3. 2023 Tesla Model X

The Model X has excellent resale value for good reasons: up to 348 miles of range, interior comfort, and a fun drive. However, it isn’t available in all 50 states, so keep that in mind if you’re considering this model for your inventory.⁵

Vehicle type: Luxury SUV

Engine type: Electric

Drive type: All-wheel drive comes standard.

Average price: Starts around $79,990

4. 2023 Ford Bronco

Ford brought back the Bronco after more than 20 years in 2021, and it’s currently one of the best cars for resale value. The Bronco handles off-road driving tremendously and has a unique body style that appeals to vehicle shippers. ⁶

Vehicle type: Off-road SUV

Engine type: The base model has a turbocharged 4-cylinder.

Drive type: 4-wheel drive comes standard.

Average price: Starts around $32,295.

5. 2023 Chevrolet Corvette

The Chevrolet Corvette has outstanding residual value. Experts recognize it as one of the best values among sports cars. Your customers looking for a high-quality supercar who can’t reasonably afford more expensive luxury cars would be well-advised to choose the Corvette.⁷

Vehicle type: Coupe

Engine type: Standard V8 engine with mid-engine layout.

Drive type: Rear-wheel drive

Average price: The 2023 Corvette starts at around $61,900 for the coupe.

6. 2023 Toyota 4Runner

The Toyota 4Runner is a comfortable option for your customers seeking a midsize SUV with off-road capabilities. While the engine is old-school compared to other SUVs in its class, 2023 updates like additional safety features and its tech suite have made it more modern in different areas.⁸

Vehicle type: Midsize SUV

Engine type: V6 engine.

Drive type: Rear-wheel drive for the base model; 4-wheel drive available.

Average price: Starts around $38,805.

7. 2023 Honda Civic

The Honda Civic is consistently one of the most popular cars on the used vehicle market. Thanks to the car’s incredible reliability, robust safety features, and comfortable driving, customers flock to the Civic over other compact cars. ⁹

Vehicle type: Compact car

Engine type: Non-turbo 4-cylinder in base trims, turbocharged 4-cylinder engine in upper trims

Drive type: Front-wheel drive

Average price: Starts at $23,750.

8. 2023 Ford Maverick

The Ford Maverick is an affordable and compact option for your customers who want a pickup truck but don’t want to break the bank for one. Note that the hybrid option only has front-wheel drive available.¹⁰

Vehicle type: Pickup truck

Engine type: Hybrid powertrain for base model; turbocharged 2.0-liter engine for AWD model

Drive type: Front-wheel drive for the base model; all-wheel drive available for higher-end models

Average price: Starts at $22,195.

9. 2023 Subaru Crosstrek

Shoppers looking for a subcompact SUV that’s comfortable both on and off the road should look no further than the Subaru Crosstrek. The Crosstrek is very safe and efficient, and it’s an affordable choice among SUVs.¹¹

Vehicle type: Subcompact SUV

Engine type: The base model is a 2.0-liter 4-cylinder; a hybrid engine is also available.

Drive type: All-wheel drive comes standard.

Average price: Starts around $23,645.

10. 2023 Jeep Wrangler

The Jeep Wrangler, famous for its military-inspired shape and excellent off-roading abilities, also makes the list of SUVs with the best resale value. Despite the rugged off-road focus, the Wrangler also has modern tech to keep drivers comfortable and happy during everyday commutes.¹²  

Vehicle type: Off-road SUV

Engine type: V6 engine with option of the eTorque mild-hybrid system or turbocharged 4-cylinder

Drive type: 4-wheel drive comes standard.

Average price: Starts at $30,295.

Find Cars, Trucks, and SUVs with the Best Resale Value Online at ACV Auctions

Sourcing cars with excellent resale value doesn’t need to be complicated. Online auctions can make finding the right ones for your inventory efficient and reliable. 

How do online car auctions work? At ACV auctions, our market report uses real-time data to provide a price range for a vehicle based on VIN or Year/Make/Model/Trim, so you never overpay. Our powerful search filters allow you to quickly identify the vehicles you want, and you can get alerts the moment the right car hits the auction block. 

Ready to source great cars that hold their value for your inventory today? Start by simply registering below. We look forward to working with you at ACV Auctions!

Sources

1. Harwood, A. (5 March 2023). 2023 Best Resale Value Awards: Top Cars, Trucks, and SUVs. Kelly Blue Book. Retrieved February 28, 2024, from https://www.kbb.com/awards/best-resale-value-cars-trucks-suvs/ 
2. (2024). Cars with the Best Resale Value. Car Edge. Retrieved February 28, 2024, from https://caredge.com/ranks/depreciation 
3. Heaps, R. (29 September 2023).2024 Toyota Tundra. Kelley Blue Book. Retrieved February 28, 2024, from  https://www.kbb.com/toyota/tundra/ 
4. Ryan, C. (15 December 2022). 2023 Toyota Tacoma Access Cab Review. Kelley Blue Book. Retrieved February 28, 2024, from https://www.kbb.com/toyota/tacoma/2023/ 
5. Ryan, C. (5 September 2023). 2023 Tesla Model X Review. Kelley Blue Book. Retrieved February 28, 2024, from https://www.kbb.com/tesla/model-x/ 
6. Brandt, E. (1 December 2022). 2023 Ford Bronco Review. Kelley Blue Book. Retrieved February 28, 2024, from https://www.kbb.com/ford/bronco/2023/ 
7. Ryan, C. (11 August 2022). 2023 Chevrolet Corvette Review. Kelley Blue Book. Retrieved February 28, 2024, from https://www.kbb.com/chevrolet/corvette/2023/ 
8. Kurczewski, N. (1 September 2022). 2023 Toyota 4Runner Review. Kelley Blue Book. Retrieved February 28, 2024, from https://www.kbb.com/toyota/4runner/2023/ 
9. Brandt, E. (8 May 2023). 2023 Honda Civic Review. Kelley Blue Book. Retrieved February 28, 2024, from https://www.kbb.com/honda/civic/2023/ 
10. Ryan, C. (15 December 2022). 2023 Ford Maverick Review. Kelley Blue Book. Retrieved February 28, 2024, from https://www.kbb.com/ford/maverick/2023/ 
11. Brandt, E. (10 April 2023). 2023 Subaru Crosstrek Review. Kelley Blue Book. Retrieved February 28, 2024, from https://www.kbb.com/subaru/crosstrek/2023/ 
12. Kurczewski, N. (27 July 2022). 2023 Jeep Wrangler Review. Kelley Blue Book. Retrieved February 28, 2024, from https://www.kbb.com/toyota/4runner/2023/ 

‍