Why do trucks hold value better than cars?

According to Kelley Blue Book, pickup trucks and SUVs retain the strongest resale values of any vehicle type. Many retain up to half their original value after five years of ownership. This strong resale value is attributed to the durable construction that makes these vehicles workhorses for 200,000 miles and more.

Do pickup trucks hold value better than cars?

The average percentage of depreciation over five years for cars is 41.6\%. The average for pickup trucks is 44.1\%. Still, the Toyota Tundra and Toyota Tacoma are both trucks with some of the best resale value around––better than any car.

Why do pickup trucks hold value?

Driven by a strong economy and relatively low used supply, resale value in the pickup truck segment is among the strongest in the entire automotive industry. That means depreciation won’t strike pickup trucks as quickly as most cars, and they’ll hold their value longer.

Do trucks hold their value better?

The short answer to this question is, yes, trucks really do hold their value! As a general rule, most trucks lose most of their value within the first five years. But, as a rule, trucks hold value well compared to other vehicles.

Are pickups more reliable than cars?

According to the matchups I put together, trucks are more reliable than cars. They have a much sturdier frame, better frame construction, a longer average lifespan, simpler engines and transmissions, and a much higher towing capacity. The combination of these facts makes trucks a clear winner in this matchup.

What truck holds value best?

Currently, these truck models boast the best resale value in the market.

• 8 Honda Ridgeline.
• 7 Ram 1500.
• 6 GMC Sierra 1500.
• 5 Jeep Gladiator.
• 4 Ford F-150.
• 3 Chevrolet Silverado 1500.
• 2 Toyota Tundra.
• 1 Toyota Tacoma.

How long do pick up trucks last?

“On average, pickup trucks are almost twice as likely to reach 200,000 miles with a 1.9 percent average for the segment, which is nearly double the average for all vehicles,” said iSeeCars Executive Analyst Karl Brauer.