2 Midsize Pickup Trucks With the Best Resale Value
Midsize pickup trucks can provide plenty of utility and value over time. They’re more practical than most cars and SUVs thanks to the added utility of having a truck bed. Some midsize trucks from automakers like Toyota tend to retain the majority of their value over extended periods of time. These two midsize pickup trucks have the best resale value.
The GMC Canyon retains plenty of its value over time
General Motors produces several competitive pickup truck models in different segments. The GMC Canyon is often overlooked because of how competitive its vehicle segment is. The Canyon is a much better midsize pickup truck than you may realize because of the percentage of value it retains over time.
According to Motor1, the GMC Canyon retains a whopping 83.55% of its value over a five-year time period. ISeeCars.com claims that a new vehicle can depreciate by as much as 49.1% after five years. The Canyon only loses 16.45% of its value after five years.
This means two things for the midsize pickup: it’s reliable, and it has great resale value. Longevity is an important aspect of ownership because a vehicle that depreciates quickly can be a poor investment. A vehicle that depreciates slowly like the Canyon proves itself to be worth the money in the long run. A driver could own a GMC Canyon for five years, sell it, and get over 80% of their initial payment back depending on the condition and sale of the vehicle.
The 2022 GMC Canyon starts at just $26,800. It uses a 2.5-liter four-cylinder engine to make 181 horsepower. The midsize pickup truck achieves 20 miles per gallon in the city and 30 miles per gallon on the highway.
The Toyota Tacoma has amazing resale value
The Toyota Tacoma has a huge following because of how capable it is. The Taco retains its value incredibly well over time. Used models have even sold for more than new Tacomas.
The Tacoma is a sought-after truck because of what it can do off-road. It’s easily the best off-road pickup truck in the midsize SUV vehicle segment. Toyota even offers upper trim levels that include suspension and tire upgrades for enhanced off-road performance.
The Toyota Tacoma retains 82.58% of its value after five years. It only loses 17.42% of its value in five years. The 2022 Toyota Tacoma starts at $27,150. It uses a 2.7-liter four-cylinder engine that makes 159 horsepower. The Taco gets 20 miles per gallon in the city and 23 miles per gallon on the highway.
What is the best midsize pickup truck on the market?
The Honda Ridgeline has been the undisputed best midsize pickup truck for several years. It’s tough to compete with the Ridgeline because the unibody pickup provides an experience that few rivals can compete with.
It’s more refined and has a smoother ride quality than most of its competitors. The Ridgeline is one of the few midsize pickup trucks that drives like an SUV. The 2022 Honda Ridgeline starts at $38,140. It won an Editor’s Choice award from Car and Driver.
Read more about the Ridgeline in the next article below.