When drivers shop around for a new car, they typically are looking for a vehicle that meets their needs now. However, savvy shoppers know that they need to look toward the future as well, and that means paying attention to the potential resale value of a car. This varies wildly based on the type of car, make and model, but a few trends have become apparent over the past year, and motorists should take note.
Subaru stands out
Kelley Blue Book recently revealed the cars that had the best resale value in a variety of segments. According to the organization, Subaru is the best brand when it comes to retaining its value throughout the first five years of a vehicle's life. Its models were recognized for their performance, price and slow rate of depreciation.
Much of its success can be traced back to three of these models, all of which were tops in their respective segments. The 2015 Subaru Impreza was ranked as the best compact car, while the 2015 Subaru WRX and Subaru Legacy were No. 1 in the sporty compact car and midsize car categories, respectively.
"We are proud to receive 2015 Best Resale Value Brand recognition, as well as multiple segment honors from Kelley Blue Book's analysts," said Thomas J. Doll, president and chief operating officer, Subaru of America, Inc. "These awards underscore the inherent value in Subaru vehicles, value that stems from our class-leading safety, reliability and durability."
Retaining your car's resale value
The first five years of a car's life is typically the time when it depreciates the most. As such, finding a vehicle that will hold onto its value while still performing well on the road is key. But you have a responsibility to care for your car to prevent depreciation as well.
This all starts with scheduled maintenance. These preventative measures keep your car running at a high level, all the while avoiding costly problems related to engine trouble and failing fuel efficiency. Going to a shop for regular auto tune ups also ensures all of your crash-prevention technologies are working effectively. Avoiding accidents keeps your vehicle history report clean while simultaneously ensuring you aren't spending all of your money on repairs and replacements.