Crossovers and SUVs are the darlings of the auto industry right now, driving big profits for automakers and giving consumers interior space, four-wheel traction and visibility.
Toyota FJ Cruiser
Land Rover Range Rover Sport
You’d think popularity would bring strong resale values, but that’s not always the case, according to Canadian Black Book. The Jeep Wrangler is the industry’s overall winner and best among compact SUVs, retaining 91 per cent(!) of its value after four years.
You’ll recognize the names of all the models pictured here, but they are not necessarily bestsellers, thanks to a variety of market conditions and consumer preferences and desires.
Canadian Black Book’s Brian Murphy said the Wrangler’s performance is attributable to its iconic design and Fiat Chrysler’s decision to raise the price year over year, which helps make used examples an attractive alternative.
Second place in the compact crossover/SUV class went to the Nissan Xterra, a vehicle whose values are being buoyed by the fact that it went out of production after 2015. That makes next year the last it will be eligible for the retained value awards.
In the mid-size SUV class, we find another retro design in the FJ. This is the last year the FJ is eligible for these awards, as Toyota stopped building it after the 2014 model year. Murphy said declining numbers of used examples remaining on the roads contributed to its appearance here.
Right behind the FJ is another Toyota off-roader, but one that remains in production. All three winners in this year’s mid-size crossover/SUV category were Toyotas; the third is the Highlander.
This big Chevy is tops among full-size utilities. Note that the first three winners here are truck-based models. Murphy said the relative rarity of SUVs built on truck platforms means there’s not a lot of choice for buyers who prefer this more traditional type of design over the car-based platforms that underpin most crossovers. That drives up demand — and prices — for these vehicles on the used market.
Murphy said the Mercedes-Benz name carries a lot of weight among consumers, making the brand desirable, so how could you go wrong putting that name on a compact crossover?
The Audi Q5 is the brand’s only model in this year’s retained value awards, placing second in the compact luxury crossover/SUV category. Its desirability is driven by its combination of a small footprint and useful interior space, along with relative affordability.
Even if you only follow the auto industry casually, you’ve probably read about how the Cayenne helped keep Porsche financially solvent back in the early 2000s. It’s still a profitable vehicle, and its appearance here proves it’s a wise way to spend your dollars on an upscale crossover.
Yet another iconic vehicle makes the grade in an SUV category. This truck, also known as the G-Wagen, has a strong pedigree as an off-roader, but its popularity among the wealthy (or those who want to look that way) doesn’t hurt its ability to retain value.
Land Rover’s second-most prestigious model placed second in the full-size luxury crossover/SUV category.