The day you purchase a new truck it’s hard to imagine a time when you’d ever want to trade it for something else. The day will come, however, when the truck you love becomes the truck you can’t wait to replace and that’s when its residual value becomes important. The residual value is how much of a vehicle’s original purchase price is retained over time and it helps determine how much you’ll get when you trade or sell that vehicle.
Kelley Blue Book gathers information on sales figures, market conditions, competition with the segment and the economy to determine a vehicle’s residual value after five years. This is a good way of determining a vehicle’s overall value retention no matter when you intend to sell. Here are the trucks that sit at the top of their list for having the best residual value.
2016 Toyota Tacoma
The 2016 Toyota Tacoma is not only the pickup truck with the best residual value, it’s the vehicle with the best residual value among all cars and trucks. It retains an amazing 72.9 percent of its value at 36 months and 61.7 percent of its value at 60 months.
Power comes from a standard 2.7-liter four-cylinder engine paired to either a five-speed manual or six-speed automatic transmission. The optional 3.5-liter V6 with either a six-speed manual or six-speed automatic provides more power, better towing capacity, and a stronger off-road performance. Opt for the TRD trims for the best off-road experience.
Maximum towing capacity for the Tacoma is 6,800 pounds with a payload rating of 1,620, which is comparable to what you’ll get from some pickup trucks, but not as good as other competitors. An estimated 19 mpg in the city and 23 mpg on the highway is less than average
The interior of the Tacoma sports quality materials with a rugged, durable look. There are plenty of soft-touch surfaces to keep it comfortable and appealing, but it’s not as upscale as its competitors. Those seeking off-road performance will appreciate features like a GoPro camera mount built into the windshield.
There’s a choice of a double cab model with four doors or an access cab with small rear-hinged doors to get into the back seats. The double cab model has room for five, but the seats in the access cab are so small that they’re really only suited to cargo.
2016 GMC Canyon
The 2016 GMC Canyon sits in second place retaining 70.7 percent of its residual value at 36 months and 59.5 percent of its residual value at 60 months. This compact pickup truck has powerful engines, great fuel economy, and a quality interior.
You have your choice of engines starting with a base 2.5-liter four-cylinder with good power. The optional 3.6-liter V6 provides better acceleration and nearly the same fuel economy, but if you want the best in fuel efficiency go for the new 2.8-liter four-cylinder turbodiesel.
Four-wheel drive is available, but even with the All-Terrain packages, this isn’t as off-road ready as other similar trucks. Equipped with the turbodiesel engine and trailering package, towing capacity is 7,700 pounds. Its maximum payload is 1,620 with the V6 engine.
There’s a choice of either the standard four-seat extended cab or the optional five-seat crew cab. Either choice gets you a beautiful interior with quality materials that make it one of the best cabins in its class.
The ride is smooth and quiet with supportive front seats, but rear seats are cramped in extended cab models. Opt for the crew cab and adults can more comfortably ride in the back seats. A six-speaker audio system with a 4.2-inch audio display screen and USB charging port are standard.
2016 Chevrolet Colorado
Twin to the GMC Canyon, the Chevrolet Colorado earns a spot on the list by retaining 70.0 percent of its value at 36 months and 58.6 percent of its value at 60 months. It also holds the top spot on our ranking of Compact Pickup Trucks.
There are three different engine options starting with a base 2.5-liter four-cylinder that’s standard or an optional 3.6-liter V6. New this year is a 2.8-liter turbodiesel. A six-speed manual transmission is standard on lower trim levels with a six-speed automatic available on higher trims.
That turbodiesel is your best choice for towing with a maximum tow rating of 7,700 pounds. It has a maximum payload of 1,580 pounds, which puts it slightly behind competitors.
The Colorado offers extended cab and crew cab models with quality interiors that are greatly improved from pre-2012 models. The front seats are spacious, but the rear seats are cramped in the extended cab model. Triple-sealed doors ensure a quieter ride than many other pickups.
Controls are well-organized with physical buttons and knobs all within easy reach of the driver. The available 8-inch touch-screen infotainment system has good graphics and intuitive menus that make it easy to use.
2016 Toyota Tundra
The 2016 Toyota Tundra is the first full-size truck to make the grade retaining 64.1 percent of its value at 36 months and 53.8 percent of its value at 60 months. It offers a spacious cabin and a strong off-road performance.
Two engine choices include a 4.6-liter V6 and a 5.7-liter V8, which offers more power and is well-paired to the standard six-speed automatic transmission. It’s estimated to achieve 15 mpg in the city and 19 mpg on the highway putting it lower than other trucks in its class.
Off-road regulars will want to opt for the TRD Pro package for the most capability. The ride can be harsh although it handles well for a truck this size. Maximum payload is 2,060 pounds and maximum towing capacity is 10,500 pounds with driver assistance features like trailer sway control available to make the job easier.
As competitive full-size trucks have undergone significant revisions, the interior of the Tundra is outdated with too many hard plastics, but seating is very comfortable. There are three cab choices with regular cab models seating three passengers and double cab and CrewMax models seating either five or six.
Standard features include Bluetooth, a rearview camera, push-button start, and the Entune infotainment system with 6.1-inch touch-screen. It is very intuitive to use and offers smartphone connectivity options.
2016 Chevrolet Silverado HD
The 2016 Chevrolet Silverado HD has a residual value of 59.7 percent at 36 months and 51.6 percent at 60 months to earn Chevrolet a second spot on the list. This heavy-duty truck offers plenty of towing and payload capability with a spacious and comfortable cabin.
There’s a choice of either a 6.0-liter V8 or 6.6-liter turbodiesel V8 with up to 18,000 pounds of towing capacity and a payload of up to 3,534 pounds. Move up from the 2500HD to the 3500HD and your maximum towing capacity tops out at 23,200 pounds with a payload rating of up to 7,153 pounds.
Keeping that trailer under control is easier thanks to trailer sway control, a rear view camera with gridlines for hitching the trailer, and an available Duramax diesel exhaust brake system. This reduces the braking needed while towing or going downhill to decrease brake wear.
Inside it’s a basic work truck in lower trims but an attractive, upscale space in higher trim levels. The double cab accommodates six passengers or five if you opt for front bucket seats with options like heated leather seats, telescoping steering wheel, power-adjustable pedals, and dual-zone climate control available.
The basic audio system includes AM/FM radio along with USB and auxiliary ports. The MyLink audio comes on higher trims and includes an eight-inch display, Bluetooth connectivity, CD player, OnStar, and built-in 4G LTE with Wi-Fi connectivity.
2016 GMC Sierra HD
The 2016 GMC Sierra HD rounds out the list with a residual value rating of 58.8 percent after 36 months and 50.4 percent after 60 months. It’s the second heavy-duty pickup on the list offering great residual value for those with serious towing and payload needs.
Choose from a 6.0-liter V8 engine or a 6.6-liter Duramax turbodiesel V8. It offers a maximum conventional trailering capacity of 14,500 pounds with fifth-wheel trailering of up to 18,000 pounds.
The maximum payload is 3,534 pounds. Trailer sway control, hill start assist, and an integrated trailer brake controller make towing safer and easier.
The Chevrolet Silverado HD has a spacious cabin that is insulated from exterior noise. Crew cab, double cab, and regular cab options are available to suit your passenger needs. The interior on the base model is more work truck while higher trims get the luxury treatment.
Optional features include a touch-screen navigation system, leather trims, and rubberized vinyl floor mats. There is also dual-zone climate control and perforated leather seats with contrast stitching available on higher trim levels.