When buying a new truck, there are a lot of things to consider from functionality to reliability to resale value. While there are no guarantees on the last two items, you can use past data as a predictor. So, if you’re buying a truck in 2024 and want one that should hold its value, here’s a look at current full-size truck resale value, according to iSeeCars.com.
This study looks at data on more than 3 million vehicles to calculate how much each truck depreciates after 5 years. So, essentially we’re looking at 2019 trucks and seeing what they’re worth today as an indicator of how well the truck you buy today might hold its value.
Best full-size truck resale value
The list below looks at how much the truck was worth when it was purchased vs. what it’s worth today, and the percentage listed shows shows how much of the value the truck has retained. While all the trucks retain at least 50% of their value, there is definitely a clear winner retaining the most value.
Toyota Tundra – 74.7%
The perennial king of truck resale value, the Toyota Tundra leads the pack. It is ranked the top truck for resale value and the best full-size truck for the money.
I owned a 2022 Toyota Tundra Limited as a long-term review vehicle and covered every aspect of owning it even with its many quirks.
Ford F-150 – 63.6%
If there is one thing Ford knows, it is trucks. They sell a boatload of trucks every year and even with this impressive sales volume, the Ford F-150 retains a lot of its value.
A few years ago, I bought a 2021 Ford F-150 XLT PowerBoost for a long-term review vehicle and loved it. I especially liked the power-on-board feature and it isn’t surprising Ford is expanding the availability of hybrids in the 2024 Ford F-150 lineup.
GMC Sierra 1500 – 63%
Coming in right on the heels of the F-150 is the GMC Sierra 1500. This isn’t all that surprising with GM and Ford being such big rivals in the truck space. The GMC Sierra 1500 has gone more upscale in the past decade and the Denali trim is sought after from many customers.
I’m a big fan of the GMC Sierra 1500 AT4 and the Sierra 1500 Denali Ultimate. Pricey for sure, but damn, they are really good.
Chevy Silverado 1500 – 61.4%
The Chevy Silverado 1500 has certainly improved in the last few years with a new interior, the 3.0-liter V-6 Duramax diesel and the 2.7-liter “Turbo Max” four-cylinder complementing the tried and true small block V-8 lineup.
There’s even their version of the fancy tailgate GMC uses and a Silverado 1500 ZR2 model to rival the Ford F-150 Raptor.
I was pretty happy with the 2023 Chevy Silverado 1500 High Country I bought last year as a long-term review vehicle. I’d buy it again that’s for sure.
Ram 1500 – 59%
Coming in last, the Ram 1500 has the worst resale value out of the bunch. This is likely due to having such a bad reputation for quality for years. Although recent reliability reports show the Ram 1500 moving to the top of the list, it is just going to take time for that reputation to go away.
This does make me a bit nervous considering I just ordered a $72,000 2024 Ram 1500 Big Horn. Hopefully, I don’t lose my entire shirt when I go to sell it.
The bottom line
This information is just another resource for you to consider as you become an informed consumer. What do you think? Any surprises?
