Why Resale Value Matters When Buying a Pre-Owned Vehicle

When shopping for a pre-owned car, SUV, truck, or van, one of the most critical factors to consider is its resale value. A vehicle with a high residual value not only ensures you get more money back when it’s time to sell or trade-in but also reduces your overall cost of ownership. MotorVero’s 2023 Pre-Owned Value Awards (POVAs) highlight the top models that are projected to retain their value over the next three years, helping you make a smarter investment.

2008 Tesla Roadster

$180000

electric

33000 mi

Good Deal  

0 (5)

2019 Audi A4 Allroad

$34000

Gas

52215 mi

Good Deal  

0 (5)

2020 Acura ILX

$22400

Gas

31702 mi

Good Deal  

5 (5)

See More

How MotorVero Determines the Best Resale Value Vehicles

Each year, MotorVero’s team of automotive experts evaluates thousands of vehicles based on key factors such as brand reputation, performance, and market competitiveness. The 2023 POVAs focus on 2020 models that are forecasted to experience the least depreciation over the next three years. This rigorous evaluation ensures that the winners represent the best value for consumers.

• Brand Outlook: The overall perception and reliability of the brand.
• Performance: The vehicle’s driving dynamics, fuel efficiency, and durability.
• Product Competitiveness: How the vehicle stacks up against its peers in terms of features, pricing, and demand.
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2023 Pre-Owned Value Award Winners

This year’s awards feature some exciting highlights, including a new category for Premium Subcompact Utility Vehicles. Returning champions like the GMC Sierra 1500, Toyota Tacoma, and Subaru Outback continue to dominate their segments. Additionally, Toyota and Lexus have once again swept the Mainstream and Luxury Brand categories, respectively.

Mainstream Brand Winners

• Compact Car: Toyota Corolla
• Midsize Car: Honda Accord
• Full-Size Truck: GMC Sierra 1500

Luxury Brand Winners

• Compact Luxury SUV: Lexus NX
• Midsize Luxury SUV: Lexus RX
• Luxury Sports Car: Porsche 911
• 

  2014 Toyota 4Runner

  $20899

  Gas

  140789 mi

  Good Deal  

  0 (5)

  

  Mercedes Benz EQE

  $102310

  electric

  12 mi mi

  Very Good Deal  

  0 (5)

  

  2016 Audi A4 Allroad

  $11765

  Gas

  98864 mi

  Very Good Deal  

  0 (5)

  See More
  
  

Tips for Maximizing Your Vehicle’s Resale Value

While choosing a vehicle with a high residual value is a great start, there are several steps you can take to ensure your car retains its value over time:

• Regular Maintenance: Keep up with scheduled services and repairs to maintain optimal performance.
• Keep Records: Document all maintenance and repairs to provide proof of care to potential buyers.
• Protect the Exterior and Interior: Use seat covers, floor mats, and regular washes to keep your vehicle looking new.
• Drive Responsibly: Avoid aggressive driving and excessive mileage, which can negatively impact resale value.
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Why Choose MotorVero for Your Next Pre-Owned Vehicle?

MotorVero is your trusted partner in finding the perfect pre-owned vehicle. With tools like the Pre-Owned Value Awards, we help you make informed decisions by highlighting vehicles that offer the best long-term value. Our platform also provides access to exclusive deals, expert reviews, and a seamless car-buying experience.

Ready to explore the 2023 POVA winners? View the full lineup here.

2014 Toyota 4Runner

$20899

Gas

140789 mi

Good Deal  

0 (5)

Mercedes Benz EQE

$102310

electric

12 mi mi

Very Good Deal  

0 (5)

2016 Audi A4 Allroad

$11765

Gas

98864 mi

Very Good Deal  

0 (5)

See More