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Top 25 cars with the best resale value in 2023

Top 25 cars with the best resale value in 2023

Buying a brand-new car is a significant investment as rising prices, insurance, maintenance, and repairs also add significant costs to your purchase. That is where the resale value kicks in. Buying a car with minimal depreciation or a good resale value can help you save money and find better long-term value from your purchase. Here are 25 new vehicles that offer the best resale value in the market today by category:

Sedans and MiniVans

Honda Civic
The 2023 Honda Civic is a compact car that retails for a base price of $25,050. It has a projected resale value of 62.5%, ranking it at seven on the top 10 cars with the highest resale value this year.

Honda Accord
The Honda Accord is a popular midsize car with a starting price of $27,295. The 2023 model has a projected resale value of 56.7%.

Chevrolet Corvette
The Chevrolet Corvette is a gorgeous sports car retailing at $64,500. It ranks number 5 on the list of top 10 cars with the best resale value for 2023, with a projected rate of 65.3%.

Genesis G70
The Genesis G70 is a luxury compact vehicle available for purchase at a base price of $39,400. The projected resale value for the 2023 model is 48%.

Acura TLX
The Acura TLX is a midsize luxury car with a starting price of $39,850 and a resale value of 48.5%.

Lexus LS
The 2023 Lexus LX is a full-size luxury car with a base MSRP of $78,035 and a projected resale value of 44%.

Electric Cars

Toyota RAV4 Prime
The Toyota RAV4 Prime is a hybrid/plug-in hybrid car with a starting price of $42,340, with a projected resale value of 56% after a five-year ownership period.

Chevrolet Bolt EV
The 2023 Chevrolet Bolt EV is an electric car with a base price of $26,500 and a resale value of 41.6%.

Tesla Model S
The 2023 Tesla Model S is a luxury electric car with a starting price of $94,990 and a projected resale value of 57%.

Ford Mustang Mach-E
The Ford Mustang Mach-E is an electric SUV, the 2023 model begins retailing at $45,995 and is projected to have a resale value of 41.4%.

Tesla Model X
The 2023 Tesla Model X is a luxury electric SUV available for purchase at $109,990 onwards. It has a resale value of 66% after a five-year ownership period, putting it at number 2 on the list of the top 10 cars with the highest resale value in 2023.

Ford F-150 Lightning
The Ford F-150 is an electric truck with a starting price of $55,974. The 2023 model has a resale value of 57%.

SUVs

Subaru Crosstrek
The 2023 Subaru Crosstrek is a subcompact SUV with a starting price of $23,645 and is expected to have a resale value of 61% after a five-year ownership period.

Subaru Forester
A compact SUV with a starting price of $26,395, the 2023 Subaru Forester has a projected resale value of 60.6%.

Subaru Outback
The 2023 Subaru Outback is a 2-row mid-size SUV, with a base price of $28,395 and is expected to have a resale value of 57.8% after five years of ownership.

Hyundai Palisade
The 2023 Hyundai Palisade is a 3-row mid-size SUV available for retail sale at a base price of $35,550. It has a resale value of 59.7%.

GMC Yukon
The GMC Yukon is a full-size SUV with a base price of $57,400. Over a five-year ownership period, it may offer a resale value of up to 49.3%.

Volvo XC40
Pushing the envelope on pricing, the Volvo XC40 is the first luxury car in this segment. A sub-compact luxury SUV by make, the 2023 model has a starting price of $36,350 and a resale value of 49%.

Acura RDX
The 2023 Acura RDX is a luxury compact SUV with a base price of $41,550 and a resale value of 45.3% after five years of ownership.

Porsche Cayenne
The 2023 Porsche Cayenne is a 2-row midsize luxury SUV with a whopping $72,200 starting price. It has a resale value of 46.5%.

Lincoln Aviator
The Lincoln Aviator is a 3-row midsize luxury SUV with a resale value of 46.5%. The base price for the 2023 model is $53,340.

Lexus LX
The Lexus LX is a full-size luxury SUV, starting at the base price of $90,660, and has a resale value of 50% after five years of ownership.

Trucks

Ford Maverick
The 2023 Ford Maverick is a compact pick-up truck that begins retailing at $22,595. It has a projected resale value of 61.7%, putting it at number 8 on the list of top 10 cars with the highest resale value for the year.

Toyota Tacoma
The Toyota Tacoma is a midsize pick-up truck with a starting price of $27,750 and a resale value of 65.8%, tying it at number 2 with the Tesla Model X on the list of cars with the best resale value in 2023.

Toyota Tundra
The Toyota Tundra offers the best resale value of 73.3% across all segments in 2023, and this full-size pick-up truck begins retailing at $37,865.

The resale value of cars depends on various factors such as supply, demand, projected market conditions, and more. Cars with low resale value are generally easy to find, while those with a higher resale value hold the most customer interest and offer the smallest discounts. According to certain sources, the average 2023 model-year car will depreciate by 45% after a five-year ownership period. So if you plan on buying and selling a car in this duration, check into its resale value to help you get the most value for your money.

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