A vehicle is one of the biggest investments in one’s life. This is why it is particularly important to make an educated decision every time you buy a new car. One of the most important aspects you have to consider when purchasing a vehicle is that car’s resale value, also known as residual value. This will ensure that, when you decide it is time to sell it to a new buyer, you won’t be losing a whole lot of money.
Following, we would like to present you with a list we have compiled of the top 24 cars with the best resale value for the year 2014. The statistics used in the making of this countdown were released earlier this year by ALG, an automobile consulting company based in LA. The company has been making such predictions for more than 5 decades, and their statistics are used widely by automobile lenders and leasers across North America.
Each of the following vehicles is leader in terms of resale value for its specific category and based on ALG’s prediction, it expected that the following models will retain the biggest percentage out of their initial retail price after a period of 3 years. Various indicators where used in this analysis, including industry trends, vehicle performance, and segment competition.
In terms of automakers, the Honda Motor Co Ltd (ADR) (NYSE:HMC)
brand emerged as the biggest manufacturer for top residual value, seconded by Toyota Motor Corp (ADR) (NYSE:TM)
. In the premium category, Mercedes-Benz took the cake. Toyota won the most categories on the list, with 8 out of 24 segments. Audi and Honda each scored 3 categories, while Chevrolet topped both the mainstream and premium sports category, with the Camaro and Corvette models.
Looking to buy a new car? Check the following list first.