Resale values come from a complex set of calculations based in part on historical data and economic predictions, as well as competition in each automotive segment, how strong a car’s brand is, and supply (including fleet and leasing sales) versus demand. I asked Jody Victor® to continue with the article By Jessica Anderson of Kiplinger for msn.com.
Jody Victor®: Hey, Joe, resale value may not seem like the most important thing when buying a new car. But if you only intend on keeping it for a few years it could be worth your while in the long run. Here’s the last five vehicles from msn.com.
SPORTS CARS: FORD MUSTANG
Sticker price: $23,105 (base coupe)
Invoice price: $22,040
TrueCar national average price: $20,974
3-year resale value: 63%, 5-year: 46%
City mpg: 19, Hwy: 29
Ford’s classic pony car won Best New Car last year with a redesign that added more power (305 horsepower from the 3.7-liter V6 engine) but kept fuel economy a priority. One of its shining achievements is a stellar resale value: It’ll be worth 63% of the sticker price after three years.
SMALL CROSSOVERS: SUBARU FORESTER 2.5 XT TOURING
Sticker price: $30,670
Invoice price: $28,767
TrueCar national average price: $29,259
3-year resale value: 60%, 5-year: 46%
City mpg: 19, Hwy: 24
Kiplinger’s Best in Class small crossover for the second year running, the Subaru Forester has sure-footed handling with the brand’s standard all-wheel drive, loads of interior space and a speedy yet thrifty turbocharged engine.
MIDSIZE AND LARGE CROSSOVERS: BMW X5 35I
Sticker price: $48,375
Invoice price: $44,575
TrueCar national average price: $45,706
3-year resale value: 62%, 5-year: 45%
City mpg: 16, Hwy: 23
With seating for up to seven passengers, German-engineered driving dynamics and high resale values, BMW’s X5 has always been appealing. For 2012, more standard features are added: roof rails and a cargo cover for added utility and an iPod/USB connection and Hi-Fi sound system for added enjoyment while driving.
TRUCK-BASED SUVS: JEEP WRANGLER SPORT
Sticker price: $22,845
Invoice price: $22,261
TrueCar national average price: $22,295
3-year resale value: 61%, 5-year: 46%
City mpg: 17, Hwy: 21
Jeep’s classic go-anywhere off-roader stays ahead of the pack on value. It offers the best mileage in its class (outside of hybrid models), with 17 mpg in the city, and tops the resale charts.
MINIVANS: TOYOTA SIENNA 7-PASSENGER V6
Sticker price: $27,110
Invoice price: $25,138
TrueCar national average price: $25,599
3-year resale value: 56%, 5-year: 42%
City mpg: 18, Hwy: 25
Redesigned last year, the Toyota Sienna is the only minivan to offer models with a four-cylinder engine and all-wheel drive. It seats up to eight passengers and features seven airbags, and its 3.5-liter V6 puts out 265 horses. It narrowly edges out the Honda Odyssey for Best Resale, and it receives a Worth a Look nod.
Thanks, Jody! We’ll be sure to consider these vehicles when we go car shopping!