Toyota Dominates 2024 KBB Resale Value Awards

The 2024 Kelley Blue Book (KBB) Best Resale Value Awards recognized the vehicles expected to retain the highest percentage of their original purchase price after 5 years. So, which automotive brand has the highest resale value? What vehicle holds value longest? Toyota dominated the list, securing 5 out of the 10 spots. This achievement underscores Toyota’s reputation for manufacturing durable and dependable vehicles that maintain their worth over time. Read on to discover the Toyota vehicles with the highest resale value!

Vehicles With the Highest Resale Value

What vehicle holds value the longest? Toyota vehicles claimed 5 out of the 10 spots for the 2024 KBB Best Resale Value Awards. These vehicles are ranked based on the expected percentage of their original sticker price after 5 years. Here are the results:

• Toyota Tacoma: 62.6%
• Toyota Tundra: 60.4%
• Toyota GR Supra: 57.2%
• Toyota Prius: 55.3%
• Toyota 4Runner: 54.6%

So, if you’re asking, “Do Toyota vehicles hold their value?” the answer is a resounding yes. These have higher resale values than 95% of all other models, with the average new vehicle only maintaining about 42.2% of its original value. These results highlight Toyota’s commitment to quality and reliability, making the brand a standout choice for Tampa drivers looking for vehicles with the highest resale value.

Why Do Toyota Vehicles Hold Their Value?

Now that you know which automotive brand has the highest resale value, let’s explore some of the ways Toyota has earned such an honorable title:

• Reliability: Toyota has a long-standing reputation for making reliable and durable vehicles. This reliability means fewer repairs and lower maintenance costs over time, making Toyota vehicles more desirable in the used car market.
• Quality: Toyota consistently produces high-quality vehicles that stand the test of time. This quality is reflected in the longevity of their cars, trucks, and SUVs.
• Brand Reputation: Toyota’s reputation for reliability and quality boosts consumer confidence. St. Pete and Lakeland buyers are often willing to pay a premium for a used Toyota because of the brand’s strong track record.
• Strong Demand: There is consistently high demand for used Toyota vehicles due to the brand’s strong reputation, which helps maintain their resale value.

Shop New Toyota Vehicles at Wesley Chapel Toyota

Whether you currently own a Toyota or plan to upgrade to one soon, you can feel confident knowing you’re setting yourself up for success in the future. When you trade-in for a new vehicle, you’ll have more purchasing power and potentially lower monthly payments. If you’re interested in any of our new vehicles, please contact us or visit our Wesley Chapel dealership.