Trucks Retain Greatest Value

By Staff Writer August 28, 2020

According to trade-in data from Edmunds, trucks are retaining the greatest value and commanding the highest trade-in prices of all consumer vehicles.

Edmunds analysts took a look at all 2017 model year vehicles traded in during July and determined their respective retained values by comparing the average trade-in price of each model against its average original MSRP. Edmunds data reveals that midsize, heavy-duty and large trucks made up seven of the top 10 vehicles with the greatest overall retained value. Toyota Tacoma clinched the No. 1 spot, commanding an average trade-in price of $26,766, or 75 percent of its original MSRP. The Ford F-350 Super Duty came in second, generating an average trade-in price of $49,174, or 74 percent of the vehicle’s original MSRP. The complete top 10 list, along with the full list of vehicles with the greatest retained value broken out by segment, can be found below.

“Trucks have been an increasingly popular choice for new-car shoppers during the pandemic, but because of the factory shutdowns, new inventory hasn’t been able to keep up with demand. Used trucks are now getting their moment in the spotlight and enjoying a period of particularly high value as more shoppers flock to the used market,” said Jessica Caldwell, Edmunds’ executive director of insights. “If you’ve been thinking about selling the truck in your driveway, now is the time to do it.”

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Last modified on Tuesday, 01 September 2020 14:51