Every purchase other than homes, land, and collectibles loses its value with time. This is called depreciation. Car buyers are often shocked to find that a car’s value drops substantially after leaving the lot. Vehicles tend to depreciate quicker than most assets, losing up to half their value during the first five years of ownership. In the long run, you can get more bucks for your used car by purchasing cars and trucks with higher resale values.
Selling a truck with high-value retention is a wise return on investment. Ken Ganley Buying Center Boardman will tell you which trucks are the hottest in the resale market for 2024. If you want to sell your used car in Youngstown, Warren, or Austintown, OH, visit us for a great offer.
The following trucks have some of the highest resale values in 2024.
- Ford’s F-Series Trucks: Ford’s F-150 model is the world’s best-selling truck. These trucks are always sales leaders, even when used, so it’s not surprising that they have a high resale value. Kelley Blue Book expects the F-Series trucks to retain 57.3% of their value after five years. While KBB broke out the GMC Sierra HD, it didn’t separate the half-ton F-150 from the larger Super Duty trucks.
- GMC’s 2022 Sierra HD: The 2022 GMC Sierra 2500 HD will retain 60.8% of its worth in five years. The Sierra HD is the only full-size heavy-duty truck to make this list. The HD line of GMC trucks is known for its towing capacity, payload, and torque. These trucks can tow up to 36,000 pounds, making them a reliable choice for heavy-duty tasks.
- Toyota Tacoma Trucks: Toyota Tacoma has been the best-selling mid-size truck line for the last 17 years. Unsurprisingly, they are expected to retain 60.6% of their value. Tacomas offer good utility, a comfortable cabin, and a recent update. They can be ordered as simple work trucks, off-road animals with TRD packages, or luxury trucks in Limited trim. At their core, Tacomas are durable workhorses that provide many miles of reliable service.
- Ford’s 2022 Maverick: While the Maverick is still a new truck and design, KBB expects it to retain 59.5% of its value in five years. That’s similar to the Tacoma. Ford designed this truck to be a light-duty pickup with a four-cylinder hybrid motor that can get up to 42 miles per gallon in the city. It’s no surprise that Mavericks hold their value, especially since they’re already outselling the Ford Ranger.
Sell Your Used Truck at Ken Ganley Buying Center Boardman in Ohio
If you’re ready to resell your truck and want the highest possible return on your investment, contact Ken Ganley Buying Center Boardman. We pay what your car is truly worth in Boardman, Youngstown, Warren, Austintown, OH, and the surrounding areas. Our process is simple, transparent, and designed to get you the best price for your vehicle. Contact us or visit our Boardman, Ohio, dealership to learn more and get started today.