Top 10 Vehicles With the Best Resale Value in Canada (2024)

When purchasing a vehicle in Canada, considering its resale value is crucial. A higher resale value means your car retains more of its worth over time, providing better returns when it’s time to sell or trade-in. Factors influencing resale value include brand reputation, vehicle reliability, and market demand. Based on recent data, here are the top 10 vehicles in Canada picked by Vehicle Buyers that are known for their excellent resale values:​

1. Toyota Tacoma

   • 5-Year Resale Value: 64.1%​ Source: KBB

   • Overview: The Toyota Tacoma is renowned for its durability and off-road capabilities. Its strong performance and reliability make it a favorite among truck enthusiasts, contributing to its high resale value.​Reddit

     

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2. Chevrolet Corvette

   • 5-Year Resale Value: 61.0% Source: KBB​

   • Overview: An iconic sports car, the Chevrolet Corvette offers exceptional performance and a timeless design. Its desirability ensures it holds its value well over time.​

     

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3. Toyota Tundra

   • 5-Year Resale Value: 60.9% Source: KBB

   • Overview: The Toyota Tundra is a full-size pickup known for its robust performance and reliability. Its strong towing capacity and durability contribute to its strong resale value.​

     

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4. Toyota 4Runner

   • 5-Year Resale Value: 60.0% Source: KBB​

   • Overview: A midsize SUV with impressive off-road capabilities, the Toyota 4Runner is built on a truck-based platform, offering durability and longevity that appeal to many buyers.​

     

5. Ford Bronco

   • 5-Year Resale Value: 57.0%​ Source: Canadian Auto Dealer

   • Overview: The Ford Bronco’s return has been met with enthusiasm. Its rugged design, off-road prowess, and nostalgic appeal make it a sought-after SUV with strong resale prospects.​

     

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6. Mercedes-Benz G-Class

   • 5-Year Resale Value: 56.6%​ Source: CarEdge

   • Overview: This luxury SUV combines performance with prestige. Its distinctive design and off-road capabilities, along with the Mercedes-Benz brand cachet, ensure it retains value well.​

     

7. Honda CR-V

   • 5-Year Resale Value: 54.4%​ Source: Honda

   • Overview: A popular compact SUV, the Honda CR-V is known for its reliability, fuel efficiency, and practicality, making it a top choice for families and contributing to its strong resale value.​

     

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8. Toyota RAV4

   • 5-Year Resale Value: 53.9%​ Kbb.com

   • Overview: The Toyota RAV4 offers a blend of reliability, fuel efficiency, and versatility. Its broad appeal ensures it remains in demand in the used car market.​

     

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9. Porsche 911

   • 5-Year Resale Value: 53.8% Source: ISeeCars

   • Overview: An iconic sports car, the Porsche 911 is celebrated for its performance, engineering excellence, and timeless design, all contributing to its enduring value.​

     

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10. Toyota GR Supra

    • 5-Year Resale Value: 53.7% Source: CarEdge

    • Overview: The Toyota GR Supra combines sporty performance with a sleek design. Its limited availability and enthusiast following help it maintain a strong resale value.