The shortage of semiconductor chips in 2021 caused manufacturers to fall short of their production targets. And with this dip in the supply of new parts and products came the consequent spike in demand for vehicles.
If you’re planning to sell your pickup truck, now is the best time to jump into the used car market. The limited supply and increased demand can give you an advantage when asking for a higher price and negotiating with interested buyers. Of course, you’re in even more luck if you own one of these best resale value trucks.
The average new vehicle will have lost 50% or more of its value and retain only around 40% of its original price at the five-year mark, but these pickup trucks can hold their value well — and help you land a satisfying deal.
Toyota Tacoma
If you’re looking to sell your Toyota Tacoma down the road, you’ll be delighted to know that it’s one of the top trucks with the best resale value — and for several years at that. This hardworking, mid-size truck offers an excellent blend of durability and affordability. It also boasts remarkable off-roading capabilities and a strategically sized body that allows it to get through narrow trails without a problem.
In addition to its 29% five-year depreciation rate, Toyota also announced a 15% cut in production targets in November. This can mean better performance for your Tacoma in the used car market.
Toyota Tundra
The Toyota Tundra may be one of the oldest full-size pickup trucks today, but this doesn’t mean it should be overlooked. The current model offers two punchy powertrains, a spacious interior, a big payload capacity, and excellent off-road capabilities.
With that said, the Tundra is still admittedly behind its competitors when it comes to interior comfort, towing capacity, and fuel efficiency. The Toyota Tundra fares well in the durability and reliability department and is expected to retain 70.2% of its value after five years, making its long-term resale value tough to beat.
Chevrolet Silverado 1500
Next up in our list of the best resale value trucks is the Chevrolet Silverado 1500, a lineup of full-sized trucks with powerful engines, configurable tailgates, and updated trailer-towing technologies, among many other features. While it’s still lacking in terms of the interior and ride quality compared to other full-size pickup trucks, it comes with an enticing below-average price — and an equally inviting resale value.
The Chevrolet Silverado 1500 has a 38% depreciation rate, effectively making it one of the best pickup trucks for holding value in the long term.
Ford F-150
Ford’s F-Series, particularly the F-150, has been the nation’s favorite truck for almost four decades now. The heavy-duty pickup truck is both functional and stylish, and its potent engine makes pulling large loads and tackling rugged terrains a breeze. Moreover, truck owners love the F-150 thanks to its smooth ride and comfortable interior.
Other noteworthy trucks from the series include the F-250 and the F-350. Both variants offer a high payload capacity, impressive on- and off-road capabilities, and appealing resale values.
With the F-150’s 39% depreciation rate and the F-Series’s 57.3% resale value at the five-year mark, striking a satisfying deal is not impossible.
Jeep Gladiator
While the Jeep Gladiator has only been around for two years, it’s proved to be a strong contender among trucks with the best resale values. It sports Jeep’s classic, rugged look while offering exceptional off-road performance, a well-equipped interior, and remarkable towing and hauling capabilities for a mid-sized truck.
It’s also worth noting that the Gladiator is currently the only open-roof truck in the market. Its roof and doors can be completely removed, perfect for those who want to get closer to nature and take off-road fun to another level.
Thanks to its positive reception and demand, the Jeep Gladiator offers a decent 40% depreciation rate and is expected to retain 56.1% of its value in five years.
GMC Sierra 1500
The GMC Sierra is considered among the most luxurious trucks of 2022, especially with its newest models equipped with plenty of tech features, like hands-free towing. The updated trucks also boast a carbon-fiber composite bed — a first in the industry. This upgrade from the typical steel interior of the truck bed makes the structure stronger yet lighter.
The GMC Sierra 1500 is expected to retain 40% of its original price after five years. A heavier-duty truck, the GMC Sierra 2500 HD, can also hold its value well. This full-size truck with a maximum payload of up to 3,979 pounds has a 60.8% resale value retention rate.
GMC Canyon
If you’ve purchased a GMC Canyon as an alternative to the GMC Sierra 1500, you never really lost in the deal, especially if you’re planning to sell your pickup truck. Like the Sierra 1500, the Canyon has garnered a higher-than-average predicted reliability rating. It also boasts a 41.2% depreciation rate, a good sign that it can hold its value well, even after many years.
Ram 1500
Another pickup truck that seems to hold its value well is the Ram 1500. Its 2022 version comes in a functional and durable yet stylish design. It also boasts a RAMBox® Cargo Management System, a multifunctional tailgate, and a leather-trimmed interior. In addition, the Ram 1500 offers V6, V8, and diesel engine options, a helpful feature when it comes to optimizing hauling, towing, and fuel efficiency.
The Ram 1500 has recently seen an average of 42.7% depreciation rate, which is slightly higher compared to most trucks in this list. Nonetheless, the future still remains bright as its resale value significantly increased in 2021.
Honda Ridgeline
As the only Honda with a cargo bed, the Honda Ridgeline is a versatile and comfortable mid-size pickup truck that’s expected to hold a high resale value for years.
It carries Honda’s standard of performance and comfort, thanks to its 3.5-liter V6 engine, coil-sprung independent rear suspension, and unibody platform. All these features make for efficient delivery of power and a more car-like driving experience.
Overall, this reliable Honda vehicle is among today’s best resale value trucks. It’s expected to depreciate by 40% over the next five years, which is still an impressive figure for those who want to sell their used Ridgelines.
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