Choosing a car with high resale value is a smart investment. Cars and trucks that retain their value well save you money over time, as they depreciate slower than other vehicles. This means that when you decide to sell or trade in your car, you’ll get more money back.
With favorable 5-year depreciation percentages, the best resale value cars of 2024 can offer significant financial benefits and peace of mind, making them well worth considering for your next vehicle purchase.
Best Resale Value Cars of 2024
Honda Civic
The Honda Civic is the #1 best resale value compact car for 2024. Its efficient performance, combined with its reputation for longevity, make it stand out in its category. These factors, along with consistent strong demand in the used car market, help the Honda Civic retain its value remarkably well. In fact, the Honda Civic’s 5-year depreciation is expected to be only 16%, making it an excellent investment for those looking to maximize their car’s resale value.
Subaru Crosstrek
Overall, the Subaru brand is known to be one of the top brands with high resale value, with an average depreciation of just 12.6%. According to KBB’s 2024 Best Resale Value Awards, the Crosstrek is the #1 model in the subcompact SUV category, with high selling prices even after several years. Its low maintenance costs and reputation for durability make it a smart choice for buyers looking for a dependable SUV. The Subaru Crosstrek’s resale value after 5 years is expected to depreciate only 18%, making it one of our top cars with high resale value in 2024.
Hyundai Palisade
The Hyundai Palisade is renowned for its premium finishings, advanced safety features, and impressive versatility. Its robust performance, combined with a spacious and comfortable interior, helps maintain its value over time. While it has a higher 5-year depreciation percentage than the Honda Civic and Subaru Crosstrek, at 33%, the Palisade still made it as the top contender for high resale value in the midsize SUV category for 2024.
Lexus ES
Lexus is the luxury car division of the Japanese automaker Toyota. In 2024, this brand was recognized by Kelley Blue Book as the best in the luxury brand category for best resale value, with its ES model standing out in the luxury midsize car category. The Lexus ES beautifully combines elegance with performance, and its 5-year depreciation rate is expected to be 27%, making it a great option for those looking for a reliable luxury vehicle that retains its value over time.
Chevrolet Corvette
As the 2024 winner of KBB’s best resale value award in the sports car category, the Corvette continues to impress enthusiasts and buyers alike. With an expected 5-year depreciation rate of just 18%, the Corvette retains its value exceptionally well. This low depreciation rate, combined with its exhilarating driving experience, makes the Chevrolet Corvette an excellent choice for sports car enthusiasts who want a vehicle that not only delivers on performance and design, but also holds its value over time.
Sell Your Used Car in Ohio
Serving Boardman, Youngstown, Warren, Austintown, OH, and the surrounding areas, at Ken Ganley Buying Center we offer a simple, transparent process to help you get what your car is really worth. Just tell us about your car, schedule an inspection, complete our streamlined paperwork process, and get cash for your car on the spot. It’s that easy! Ready to sell your used car in Ohio? Enter your license plate today and get a price in just minutes.