The perenially best-selling Ford F-150 and Ford Super Duty have racked up plenty of accolades in recent months, including Vincentric’s 2022 Best CPO Value in America Award, while the F-150 finished out 2021 as the most considered pickup in the U.S., third in its segment in J.D. Power’s 2022 U.S. Vehicle Dependability Study (VDS), and was the fourth most leased vehicle in Q4 of 2021. The Super Duty, on the other hand, was the third most considered truck in Q4, while the F-250 won a 2022 Best CPO Value Award in the 3/4 ton truck segment. Now, the 2022 Ford F-Series lineup continues to add to its trophy case as it has also earned a Kelley Blue Book 2022 Best Resale Value Award.
The 2022 Ford F-Series lineup was among the top 10 vehicles in terms of resale value, which earned it a spot on the coveted list. Those ten vehicles are projected to retain roughly 56 percent of their original MSRP over five years, which is far higher than the industry average of 43 percent. As KBB points out, depreciation is often the biggest expense new vehicle buyers incur and purchasing a vehicle that retains its value can save shoppers a ton of money in the long run.
Kelley Blue Book’s Best Resale Value Awards are based on projections from the organization’s Residual Value Guide. Residual Values are established by experienced automotive analysts that review the output from statistical models built upon millions of transactions. Vehicles that earn the highest 5-year residual values, expressed as a percentage of their original Manufacturer’s Suggested Retail Price (MSRP), are selected, while low-volume vehicles are excluded from award consideration, except in the electric, luxury, and sports car categories.
In the midst of the chip shortage and other supply chain constraints that have driven used vehicle values to new record levels, one could argue that resale value is more important than ever. Prices will eventually level out and perhaps even decrease significantly, leaving buyers upside down on vehicles purchased during the height of the market.
Source: Ford Authority