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Buy these trucks! 2020 top 10 pickup truck resale values

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top 10 pickup trucks resale value
The Toyota Tacoma is well known as a reliable truck and one of the best trucks for resale value. This was confirmed again in a recent study. (Photo courtesy Toyota)

The automotive researchers at iSeeCars.com have compiled another list* of the top 10 pickup truck resale values from the past 5 years.

Why do we care? Because it helps new truck buyers who want to make the best possible purchase based on a truck holding its value throughout the course of ownership. By purchasing a truck with low depreciation or high value, buyers can ensure they get more money out of the truck when they go to sell.

Top 10 pickup trucks resale values

So, which trucks hold their value? For those consumers who follow the truck market, these rankings aren’t really a surprise –except for maybe the GMC Canyon.

Ranking of 5-Year Depreciation for Pickup Trucks – iSeeCars Study
Rank Model Average 5-Year Depreciation
1 Toyota Tacoma 32.4%
2 Toyota Tundra 37.0%
3 GMC Canyon 41.2%
4 Nissan Frontier 43.5%
Pickup Truck Average 44.1%
5 Chevrolet Silverado 1500 45.2%
6 Chevrolet Colorado 46.0%
7 GMC Sierra 1500 46.1%
8 Nissan Titan 46.9%
9 Ford F-150 47.3%
10 Ram Pickup 1500 49.3%

“The redesigned GMC Canyon holds its value due to its heightened demand from its production hiatus for the 2013 and 2014 model years, making the all-new 2015 model a desirable used truck,” said iSeeCars Executive Analyst Karl Brauer. “Even the Nissan Frontier, which hasn’t seen a redesign since 2004, holds its value because it’s among the most affordable pickup trucks on the market.”

This is an interesting thought, but the low volume of the GMC Canyon is also a part of the reason.

Both Toyota trucks retain their value the most based on its reputation for reliability (check out our most reliable 2020 trucks article) while Ram comes in last for the opposite reason. Although, Ram has seen quality improvements including a surprise high finish in the 2020 J.D. Power Initial Quality Study.

Finally, you’re maybe wondering about the Jeep Gladiator, Honda Ridgeline or Ford Ranger. Well, Gladiator, Ridgeline and Ranger haven’t been on consistently on the market for 5 years and weren’t part of the study.

What about heavy-duty trucks? 

We asked and got that chart as well.

Pickup Truck Depreciation – iSeeCars Study

Rank

Model

Modeled Depreciation

1

GMC Sierra 2500HD

36.6%

2

GMC Sierra 3500HD

36.9%

3

Chevrolet Silverado 3500HD

38.3%

4

Chevrolet Silverado 2500HD

38.3%

5

Ram Pickup 3500

40.5%

6

Ram Pickup 2500

41.1%

7

Ford F-350 Super Duty

41.5%

8

Ford F-250 Super Duty

41.9%

Heavy-Duty Pickup Truck Average

39.2%

*Methodology: iSeeCars.com analyzed more than 8.2 million new and used vehicles from model year 2015. The new vehicles were sold in 2015, while the used vehicles were sold between January and September 2020. Heavy-duty trucks and vans, models no longer in production as of the 2020 or 2021 model year, and low-volume models were removed from further analysis. New vehicle prices from 2015 were inflation-adjusted to 2020 dollars, based on data from the US Bureau of Labor Statistics. The difference in average asking price for each vehicle between its new-vehicle price and its used-vehicle price was mathematically modeled to obtain the vehicle’s 5-year depreciation.

Related posts:

Most Dependable Pickups of Last 15 Years – J.D. Power Dependability

Careful what you buy! Most reliable 2020 full-size trucks ranked

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