• Aug 19, 2007
We missed it early this month, but the new Power Information Network retained value rankings for the automakers came out, and while the top ten list is pretty much owned by imports, HUMMER crashes the party, coming in at the #8 spot. HUMMER vehicles retain 63 over their last showing. Scion sits in the top spot, retaining 69.8%

Toyota (Scion #1, Toyota #5, Lexus #6), Honda (Honda #2, Acura #4) and BMW (MINI #3, BMW #10) actually account for seven of the top ten, with Subaru (7th) and Nissan (9th) rounding out the list along with HUMMER. While domestics remain largely absent from the overall top 10 list this year, they make a strong showing in the top 10 most improved marques in terms of retained value, taking seven of those spots. Click the read link to see the full lists and related statistical information.

[Source: Auto Remarketing]


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  • 22 Comments
      • 7 Years Ago
      Resale value....I don't understand people.

      Myself, I would never pay a high percentage of the original price for a used vehicle, especially with a lot of miles on it. I would rather buy another brand that has depreciated sharply (but still reliable) or just buy new.

      It may be good for the seller to have a high resale value vehicle, but I label the high resale value used car buyer as the dumb money.

      The only exception I see are supply & demand vehicles that are no longer available, exclude those from my comments.


        • 7 Years Ago
        aerith, the Civic is safer against a vehicule of the same size but what about a slightly bigger vehicule? I spotted on Youtube, a video of the Mazda 3 vs the Euro Civic hatchback and a older test of a 92 Civic vs a 4x4 Mitsubishi
        http://www.youtube.com/watch?v=LNxOUs-6tTo
        http://www.youtube.com/watch?v=m_86RuYXoJA

        then in Quebec, Canada the Civic is in the top 10 of the most stolen vehicules which means a bigger insurances rates
        • 7 Years Ago
        Of course a used car buyer wants a low resale value. However, the list of highest resale values is useful for new car buyers who want their vehicles to retain value. By looking at this list, I see the most reliable, desirable used cars on here. Personally, I would rather pay 68% of the original price of a (three year old) 2004 Honda Civic than 58.2% of the original price of a 2004 Chevrolet Cavalier. Why? Because the Cavalier is ruddy boring, unsafe, and generally awful, while the Civic is fun, safe, and, with a manual transmission, pretty sporting. I'm no import fanboy, but I see most of the companies that put out the best products on that top ten list.
        • 7 Years Ago
        People who buy new, based on high resale value claiming to be fiscally responsible and then turn around a dump their car in 3 years or so are really being fiscally irresponsible. I drive my cars into the ground with hundreds of thousands of miles on them, so resale is essentially meaningless.

        Many people pay more for the higher resale value car to begin with and then pay finance charges on top of that, making resale a really meaningless figure.

        For those who care about resale, you should also look at resale value in your geographic area. A Toyota will have much better resale in say California than in Michigan where domestics still have 85% market share. The opposite would be true for say a Chevy.

        Some of the cars holding their resale aren't necessarily the longest lasting cars either. Nissan in the top 10? Mini? These cars are quite problematic when compared to other cars without good resale.
        • 7 Years Ago
        To the above post; Wow. Just wow. This is pretty ignorant for someone to say. Considering that the Civic is more sporting, fun and better looking compared to its domestic competitors, i wouldn't say much. Also, the Civic has more standard airbags and standard ABS than its domestic competitors. The car itself may crumple but its the safest in its class with 5/4 star crash ratings across the board. Thinner sheetmetal allows for lighter weight which means better fuel efficency and performance, but the Japanese have also maintained or exceeded its competitors in safety. Just because a car has heavy sheet metal doesn't mean its safer.
        • 7 Years Ago
        "..while the Civic is fun, safe, and, with a manual transmission, pretty sporting."

        Fun? it's an underpowered. cramped econobox

        Safe? Take a look at the accident stats sometime, it's a tinny little accordian, a widomaker.

        Sporting, oh yeah, the whole fart can & clear tail light lens thing.

        No, it's junk, a disposable car with sheetmetal so thin it ripples (like almost all Japanese cars) under the pressurized spray from a self-service car wash, with lots of unpainted metal surfaces where most don't look (under the trunk lid, etc).
      • 7 Years Ago
      I find it hard to believe Hummer has a highish(?) resale value. Last summer the local dealer was steeply discounting the prices of all models. He may be doing a little bit better this year only because the nitwit "took" fewer '07s from the factory after realizing this make was heading into the sales doldrums.

      As far as the remark about a Civic being no fun primarily because it is/was underpowered, apparently you equate smoking burnouts with fun.

      If I had the money for a new car, I wouldn't mind owning a new Mustang or even a Mercury Milan. As other have pointed out, a car isinvestment unless you are a collector of exotics.
      • 7 Years Ago
      Ted Kennedy: While I agree with just about everything you said there...we were using the term "apples to apples" as meaning "equally priced". While many would agree with you that the Impala is a direct competitor to the Camry, I'm not sure how many would agree that this trim is. A 3.5L Impala LT has only 211hp and 214lbs-ft of torque. The Camry 3.5L V6 has 268hp and 248lbs-ft. A more direct comparison may be the 3.9L Impala LT2 (which unfortunately still has only 233hp and 240lbs-ft, awful mileage, and starts out at over $25k MSRP).
        • 7 Years Ago
        Awful mileage with the 3.9? It's rated 20/29 while the Camry is rated 22/31. And that doesn't account for hte fact that the real world hwy mileage of the 3.9 is much better than that courtesy of the D-O-D. We recently drove an Impala LTZ and averaged 32.65 rolling along I-57 through Illinois with three people and luggage in the car. GM also under-advertises the horsepower of their engines, by the way. The Toyota does have more power, just not as much as the advertised numbers would lead one to believe.

        When comparing an Impala LT 3.9 to the Camry SE V6, you have to add some options to the Camry that are standard on the Impala, such as spoiler, cargo nets, floor mats, security system, remote start and navigation system to offset the Impala's standard On-Star, as well as XM radio.The Camry also offers a 4 way power passenger seat, while the Impala gas a 6 way.

        There are some items that are available only each respective model, such as the overhead console, braking assist and side curtain airbags on the Camry. The Impala has the aforemention D-O-D and On-Star.

        Then you get into dimensional differences, such as the Impala's trunk being 4.1 cu. ft. bigger than the Camry's, not mention more head, shoulder and hip room in the Impala.

        By the time you option the Camry SE V6 with the items that are standard on the Impala, it has an MSRP of $30,061 and an average transaction price (according to Edmunds) of $28,019.

        An Imapala LT2 has an MSRP of $25,030 with an average transaction price of $22,683.

        This makes the vehicles as close to equal as possible. That said, a retained value of 65.7% of the Camry's transaction price of $28,019 equals $18,408. A retained value of 58.2% for the Impala's transaction price of $22,683 equals $13,202. The Camry cost $5336 more new and is worth $5206 more three years later.

        Once again, there are some features / options that are not available on both models, but that is what the free market is for. The great thing for the consumer is that they have very good options to choose from. The Camry is quicker (1 sec faster 0 - 60) and better handling, but the Impala offers more interior room and a lot bigger trunk. Customers are obviously pleased with both models, as the consumer ratings on edmunds.com are almost identical- 8.5 for the Camry SE V6 and 8.7 for the Impala LT 3.9.
      • 7 Years Ago
      Are these numbers based on re-sale value against MSRP or actual transaction price? That would make a huge difference in real world dollars. If it is a percentage of MSRP, then 58.2% of Chevy MSRP would translate into less of a loss than a Toyota, given the rebates and greater discounts offered, lowering the actual tranaction price.
        • 7 Years Ago
        XJ,
        Where are you getting the 17/25 figures from? For '07, the EPA rated the Impala 3.5 V6 at 21/31, the 3.9 V6 at 20/29 and the 303 HP 5.3 V8 at 18/27.

        Here's the numbers for 2008 with the revised EPA testing method.

        Camry 2.4 I-4 21/31 3.5 V6 19/28
        Impala 3.5 V6 19/28 3.9 V6 18/28 5.3 V8 16/24
        Sonata 2.4 I-4 21/31 3.3 V6 19/28

        V6 for V6, there's basically no difference in gas mileage between the Camry and Impala- or the Sonata. You do have the option of burning E-85 in the Impala 3.9, though.
        • 7 Years Ago
        They use the value of what the car is now over the transaction price (not MSRP) three years ago to determine retained value. In other words, if the Camry was purchased for $23,981 (as EnvironBob mentioned), then after 3 years it will lose $8,225 of its value. If the Impala was purchased for $19,991, then after 3 years it will lose $8,356 of its value.

        Now if you want to compare apples to apples, then a $23,981 Chevy will lose $10,024 of its value compared to a $8,225 loss for the Toyota.
        • 7 Years Ago
        The Impala is a direct competitor to the Camry, as are the Accord, Altima, Sonata, etc.

        Perception allows a manufacturer to charge more for the product because people believe it to be better, whether or not it is. A good example of this is bottled water. People will pay $6 / gal for Aquafina and tell you that it is better than tap water because it is nicely packaged and marketed. It is, however, "water from a municipal source" a.k.a., tap water. Aquafina demands a much higher price than tap water, but that doesn't make it a better product.

        When it comes to actual out of pocket expenses, the Camry is more expensive to own than an Impala- in actual dollars. That doesn't mean that the Impala retains more of its value than the Camry, it means that the Impala will transport people from them point A to point B with roughly the same room, features and MPG for less money. Just because one perceives the Camry to be worth $4G more, doesn't mean they don't have to actually part with the extra $4G- and pay tax and interest on that $4G.

        Automobiles are an emotional purchase and thus people will justify reasons for purchasing a certain vehicle. If one believes the Camry to be a better car, they will justify spending the additional money, just as some people will pay yet more for a Lexus ES, eventhough it shares platform and drivetrain with the Camry.

        Even when you buy apples, some are shinier, some are more round, some are smoother around the stem. However, they are still all apples. One's perception will decide which apples they select out of the produce bin.
        • 7 Years Ago
        You're right, Harry. I'll explain for those who never seem to understand real world dollars versus 'resale value'.

        Hypothetically, using pricing from edmunds.com:
        A Camry SE V6 stickers for $25475, and sells for $23,981. 65.7% of MSRP is $16,373.

        An Impala LT has an MSRP of $22,310 with average transaction price of $19,991. 3 years later, retaining 58.2% of its MSRP, the Impala is worth $13,096.

        In other words- the Camry has lost $7,608 from its' transaction price and the Impala has lost $6,895. Add in the interest acrued on the additional $3,990 paid for the Camry and the difference becomes even greater.
        • 7 Years Ago
        So in other words, the lower residual value creates more depreciation, in this case, the Impala depreciates $151 more than the Camry when basically equally equipped. Due to the fact that the Toyota costs more to begin with, the depreciation is more than offset when counting the interest accrued (an additional $312 @ 5% / 36 mos.) on the $3990 difference between the two. That doesn't include the additional sales tax ($309 here) paid on the $3990 that the customer gets hit with.

        For consumers, an apples to apples (equally priced) scenario doesn't really apply, as rebates, incentives and dealers willing to sell closer to invoice will maintain the price advantage of comparably equipped Chevies. This is why Edmunds has a lower 'True Cost To Own' on the Impala than the Camry.

        Moral of the story, when you see a three year old Impala selling for $11635 and the same year Camry selling for $15756, the Impala hasn't actually lost nearly $4000 more than the Camry. The original owner on the Camry, however, did spend over $600 more during their three years of ownership than did the Impala owner.
        • 7 Years Ago
        Ted Kennedy: While I agree with just about everything you said there...we were using the term "apples to apples" as meaning "equally priced". While many would agree with you that the Impala is a direct competitor to the Camry, I'm not sure how many would agree that this trim is. A 3.5L Impala LT has only 211hp and 214lbs-ft of torque. The Camry 3.5L V6 has 268hp and 248lbs-ft. A more direct comparison may be the 3.9L Impala LT2 (which unfortunately still has only 233hp and 240lbs-ft, awful mileage, and starts out at over $25k MSRP).
        • 7 Years Ago
        The "18/29" that you stated is for the 211hp 3.5L. The 3.9L with 233hp is 17/25. I've averaged over 30mpg on a Sonata V6 with 4 people (it actually was over 40mpg for a little while), but that was on a pure highway trip too.
      • 7 Years Ago
      Stéphane, there is a world of difference between a 92 Civic and a modern one.
      • 7 Years Ago
      I would think resale value helps buyers that don't want to take the depreciation hit of a new vehicle find a used car worth buying.
      • 7 Years Ago

      Well with the imports increasing fleet sales perhaps we will see a slightly different scenario next year.
      • 7 Years Ago
      I work in car sales and Hummers have terrible resale value. Gas prices and the backlash against large SUVs has crushed their wholesale prices.
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