Yahoo Finance 10 Cars You Can Buy Today for the Best Returns
If you’ve shopped for a used car in the past three or so years, you probably know it’s been a hot market. The COVID-19 pandemic caused disruptions to the new car market, which sent buyers searching for good deals on used vehicles — often to find none within their budgets.
With all that action in used cars, you may be wondering which ones have the best resale values.
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Here’s some perspective — all cars were holding their values better in 2023 compared to 2019. That’s because of reduced new car production during the pandemic and limited used car supply.
Prior to the pandemic, the average car would lose about 50% of its value in five years — today, it’s about 39%. According to LendingTree, with depreciation in general, new cars lose 20% of their value in the first year. They’re worth about 40% of what you paid in five years.
Want to buck that trend? iSeeCars analyzed more than a million used cars from model year 2018, sold between November 2022 and October 2023. Here is a look at the top 10 vehicles with the lowest depreciation rates over five years.
Porsche 911
It may not be a surprise, but Porsche topped the list for cars that hold their values best. In fact, the Porsche 911 coupe was the top car. Get this — it only loses about 9% of its value after five years. That indicates incredibly strong demand for this sports car in the used market.
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Porsche 718 Cayman
Next on the list — the Porsche 718 Cayman — didn’t do quite as well as the 911. It lost about 18% of its value after five years. That’s still an incredibly strong showing.
Toyota Tacoma
Several Toyota vehicles also made the list for holding their values. The Tacoma only lost about 20% of its value after five years. There has been ongoing consumer demand for sports cars, small SUVs and fuel-efficient economy cars.
According to iSeeCars, “The rise in used car pricing over the past few years drove many buyers toward these smaller, lower-priced models.”
Jeep Wrangler/Wrangler Unlimited
The Jeep Wrangler/Wrangler Unlimited follows close behind the Tacoma. It had just about a 21% decrease in value after five years. Automakers saw an increase in demand for more fun cars during the pandemic lockdowns, and that demand remains strong.
Honda Civic
The Honda Civic — sedan and hatchback — comes in fifth on the list. It loses about 22% of its value after five years.
Subaru BRZ
Next on the list is the Subaru BRZ. It loses about 23% of its value after five years.
Chevrolet Camaro
The Chevrolet Camaro is seventh on the list of top cars to hold their values best — after five years, it will have lost about 24% of its value.
Toyota C-HR
The Toyota C-HR also loses a little over 24% of its value after five years. It ranked eighth on the list.
Subaru Crosstrek
Another Subaru — this time the Crosstrek — also made the top list. It loses about 25% of its value after five years.
Toyota Corolla
The Toyota Corolla rounds out the list. It loses about 25% of its value after five years, in a tie with the Crosstrek.
It’s important to keep in mind that these are averages and that individual cars will lose their value at different rates, depending on how well they’re cared for and how much they’re driven.
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