Tesla‘s famous electric sedan Model S and electric SUV Model X are among the winners in Kelley Blue Book’s “Best Resale Value” award for 2023.
KKB’s 2023 Best Resale Value: Trucks, EVs, Minivan
The “Best Resale Value” award from Kelley Blue Book was granted to 28 vehicles in recognition of their predicted ability to hold their value over the course of the first five years of ownership.
Below are the overall rankings on trucks, EVs, and minimal vehicles:
| Rank | Model | 5-Year Resale Value |
| 1 | 2023 Toyota Tundra | 73.3% |
| 2 | 2023 Tesla Model X | 66.0% |
| 3 | 2023 Toyota Tacoma | 65.8% |
| 4 | 2023 Ford Maverick | 61.7% |
| 5 | 2023 Chevrolet Silverado HD | 60.1% |
| 6 | 2023 Toyota Sienna | 59.3% |
| 7 | 2023 Ford F-150 Lightning | 57.0% |
| 7 | 2023 Tesla Model S | 57.0% |
| 8 | 2023 Toyota RAV4 Prime | 56.0% |
| 9 | 2023 Ford Mustang Mach-E | 41.4% |
| 10 | 2023 Chevrolet Bolt EV | 41.6% |
As you can see in the table above, the 2023 Tesla Model S’ 5-year resale value is 57.0%, ranking 7th place on the Trucks, EVs, and Minivan list with the 2023 Ford F-150 Lightning. Meanwhile, the 2023 Tesla Model X had 66.0%.
According to KKB, the Tesla Model S is the leading luxury electric car in terms of resale value. Meanwhile, the Tesla Model X is the top luxury candidate in the electric SUV segment.
Other awardees
KKB also awarded the following EVs in different categories:
· Ford Mustang Mach-E won – electric SUV category
· Chevy Bolt – electric car category
· Ford F-150 Lightning – electric truck category
Interestingly, KBB’s top 10 list was dominated by Japanese automakers and non-electric models. During the first five years of ownership, the top 10 in Kelley Blue Book Best Resale Value 2023 list are predicted to still be worth at least 60% of their original cost. Refer to the table below:
Best Resale Value Top 10 for 2023:
| Rank | Model | 5-Year Resale Value |
| 1 | 2023 Toyota Tundra | 73.3% |
| 2 | 2023 Toyota Tacoma (tie) | 66.0% |
| 2 | 2023 Tesla Model X (tie) | 66.0% |
| 4 | 2023 Ford Bronco | 65.4% |
| 5 | 2023 Chevrolet Corvette | 65.3% |
| 6 | 2023 Toyota 4Runner | 64.4% |
| 7 | 2023 Honda Civic | 62.5% |
| 8 | 2023 Ford Maverick | 61.7% |
| 9 | 2023 Subaru Crosstrek (tie) | 61.0% |
| 9 | 2023 Jeep Gladiator (tie) | 61.0% |
Meanwhile, PHEVs, full-size pickup trucks, midsize pickup trucks, luxury full-size SUVs, and minivans were among the several segments Toyota and Lexus won. Essentially, these awards earned them the title of top resale value brands of 2023.
The absence of the Tesla Model 3 and Model Y may surprise some people. Then, it must be acknowledged that the automaker’s price cut earlier this year caused both EVs to see considerable value reductions. In effect, several secondhand Model 3 units were sold for the lowest prices to date.
However, the omission of Rivian R1T and R1S, the Hyundai IONIQ 5, and the Kia EV6 are more unexpected, especially in light of the high demand for each vehicle in their respective classes.
Many enthusiasts are anxious about when EVs will be recognized as having a higher resale value than their gas-powered equivalents, especially with the KBB forming new segments for them. That day might come sooner than we thought, given the expanding number of products from an increasing number of companies.
