The Toyota Tacoma midsize pickup has many possible attributes. This includes its off-road capability, durability, a plethora of driver assistance technologies and many different configuration choices. However, there is one key area where the Tacoma is the best pickup truck: depreciation.
Toyota Tacoma has a lower depreciation rate than other pickup trucks
Not only does the Toyota Tacoma have the lowest depreciation for pickup trucks, but it also retains its value more than any other vehicle. After three years of ownership, the Tacoma has a depreciation rate of 21.93%, as described by Zutobi† In comparison, the next best low-depreciation pickup trucks are the Ford F Series and Ford Ranger. Both the F Series and Ranger lose 24.48% of their value after three years.
When buying a pickup truck, depreciation may not be the first thing that comes to mind when considering factors truck buyers need to consider. Things like design, engine power, towing, reliability, safety and price are more common. However, depreciation is also an important factor. This is especially true because people keep their cars longer. And when you sell or trade in the Tacoma, you get on average more money back compared to other pick-up trucks.
Which pickup trucks have the lowest depreciation rate?
The Toyota Tacoma is the best pickup in terms of depreciation. In general, pickups depreciate less than other cars. In the Zutobi study, six of the top 10 vehicles with the lowest depreciation are trucks. Along with the Toyota Tacoma, Ford F Series, Ford Ranger, this includes the Nissan Frontier, Chevy Colorado and Toyota Tundra.
These are the 10 cars with the lowest depreciation rates over three years. The pick-up trucks are in bold:
- Toyota Tacoma: 21.93%
- Ford F Series: 24.48%
- Ford Ranger: 24.48%
- Tesla Model 3: 24.79%
- Nissan Frontier: 25.15%
- Chevy Colorado: 25.49%
- Toyota RAV4: 25.97%
- Mazda3: 26.31%
- Toyota Tundra: 26.87%
- BMW X3: 27.02%
Which cars have the highest depreciation rate?
RELATED: 2023 Toyota Tacoma is defeated by the 2023 Ford Ranger
Zutobi also listed the cars with the highest depreciation rate. The car that loses the largest percentage of its value is the Kia Sorento SUV – with a whopping 55.16% depreciation rate after three years. The Sorento is followed by the crossover SUV Chevy Trax (50.31%) and the luxury SUV Mercedes-Benz GLE-Class (48.85%). There are no pickup trucks on Zutobi’s list of highest-depreciation cars.
Here are the 10 cars with the highest three-year depreciation rates:
- Kia Sorento: 55.16%
- Chevrolet Trax: 50.31%
- Mercedes-Benz GLE-Class: 48.85%
- Buick Encore GX: 47.71%
- Chevy Express: 45.80%
- Chevy Equinox: 44.91%
- Lexus ES: 44.21%
- Nissan Sentra: 43.61%
- Buick in mind: 43.53%
- Nissan Altima: 43.21%
When it comes to depreciation, the Toyota Tacoma is the best pickup. It also retains its value more than any other vehicle. Given today’s very high inflation, a low-depreciation truck like the Tacoma translates into an even greater return on your investment.
RELATED: 2023 Toyota Tacoma vs. 2023 Tundra: Hello Big Brother!