SUV Resale Value
3 Compact SUVs With The Highest Resale Value
One SUV Holds The Top Spot 2 Years Running
by Bill Flitter
Dad, Coffee Lover, Coach, First Car: '79 Camaro
I think my dad is the only person who never loses money on a car. Growing up, he would spend his Sunday afternoon detailing his car. Literally 5 hours. When it came to trade-in his SUV, the SUV resale value was always high. Dealers would give him top dollar because it looked brand new. He was fantastical.
SUV resale value is always a tricky thing to figure. After all, SUVs, Trucks, and Cars are one of a few commodities sold that immediately loses retail value the moment you drive it off the lot. Plus, if you plan to drive your SUV over 200,000 miles over the next 15 years, or if you plan to hand it down to your kid when they turn 16, then SUV resale value might not be at the top of your mind.
However, what if you do decide to sell your car after only a few years? Then the SUV resale value suddenly becomes very important. It’s important to remember that not all cars hold the same resale value. For example, there are Honda dealerships that pretty much offer a flat rate of $3,000 for any Honda vehicle with no visible damage and the engine still runs great even after 15 years of being on the road. But is that true of all brands? To find out, I researched the top 5 compact SUVs on the market today with the best resale value. This is what I found out.
SUV Resale Value of The Top 3
2017 Jeep Wrangler
Surprisingly enough, the 2017 Jeep Wrangler came in as the best compact SUV with the best resale value. Kelley Blue Book states that after 36 months, you can sell your Wrangler for 60.6% of it’s original value and after 60 months, you can sell it at 47.4% of its value. Plus, the Wrangler “boasts the fourth best resale value of all the new vehicles on the market.”
The Jeep Wrangler did make KBB’s Best Of list for SUV’s under $25,000; but before you run out and buy one, you might want to see my research on safety ratings where I realized the Jeep Wrangler, Patriot and Renegade all earned low marks. So, there’s some weighing to do on what is most important to you: starting cost, resale value and overall safety.
This comes as no surprise to me. If you’ve been reading my posts lately, you know I love me a Honda, and here’s one more reason: the 2017 Honda CR-V has the second highest resale value on the market for compact SUVs. At 36 months, you can sell it at 55.85% of its original value; and at 60 months, you can sell it for 42.8%.
That’s pretty amazing to know that you could drive a CR-V for five years and then still get almost half your money back. If you’re not as sold as I am on a Honda and are still considering the Toyota Rav4, the Ford Escape or the Nissan Rogue, then maybe knowing the CR-V has a better resale value than all of these others will start to tip the scales.
2017 Subaru Crosstrek
The Honda CR-V is one of the most popular American cars on the road. And it’s got some serious cargo room to boot. According to US News and World Report, “The redesigned 2017 CR-V has more cargo space than the outgoing model, whether you have the rear seats folded or in use. There’s 39.2 cubic feet of cargo room behind the rear seats and 75.8 cubic feet when they’re folded. The CR-V has more cargo room than almost every competitor.” That, my friends, puts the 2017 CR-V near the top of my list!
Over to You
After I learned this year’s top 3, I wanted to review last year’s winners. As it turns out, not much has changed from 2016. Last year, the best compact SUVs in terms of resale value was the: Jeep Wrangler, Subaru Crosstrek and the Subaru Forester. So, the changes from last year to this year is that the Honda CR-V jumped into second place, causing the Crosstrek to drop to third and the Forester fell off the top 3.