Best Resale Value Cars: These 12 Used Vehicles Top Our List

1. Best family car
2. Best compact luxury car
3. Best large luxury car
4. Best mid-size pickup truck
5. Best full-size pickup truck
6. Best minivan
7. Best mainstream sports car
8. Best premium sports car
9. Best compact crossover
10. Best compact/mid-size SUV
11. Best full-size SUV
12. Best hybrid vehicle

When shopping for a used car in Canada, one of the smartest things you can do is pay attention to resale value. Not all vehicles age the same way — some hold their value remarkably well, while others shed thousands of dollars in just a few years.

Understanding how depreciation works can help you choose the best vehicles for your money, reduce your total cost of ownership, and make sure you have more money in your pocket when it’s time to trade in or sell.

Before we get to our list of 12 cars that consistently rank at the top of the resale market, let’s take a closer look at depreciation and why it matters for Canadian car buyers.

Car Depreciation Rate

Depreciation is the rate at which a car loses value over time. In Canada, a new vehicle typically loses 15–20% of its value in the first year and around 50–60% after five years. Recent supply shortages have softened this trend a bit — the current average is closer to 45% after five years — but the fundamentals haven’t changed.

We take a much closer look at depreciation’s effect on a car’s worth & trade-in value in this article

Car Depreciation Curve

Below, and from that article, here’s a look at a typical depreciation curve in Canada:

The curve shows that vehicles lose value steeply in the first few years, then the drop levels off. For example, a $40,000 car might only be worth ~$14,000 at year five. After that point, depreciation slows, and cars with strong reputations for reliability can hold steady for the long run.

Least Depreciating Cars

Some vehicles are well-known for keeping their value. Trucks, SUVs, and compact cars from reliable brands dominate this category. The Toyota Tacoma and Jeep Wrangler regularly top resale charts, often retaining more than 70% of their original value even after five years. Compact cars like the Honda Civic and Toyota Corolla are also consistently ranked among the least depreciating thanks to their reputation for low cost of ownership, durability, and strong demand in the resale market.

Fastest Depreciating Cars

Not every vehicle fares so well. Luxury sedans and certain EVs lose value faster than most. For instance, a BMW 7 Series can drop more than 65% in just five years. High purchase prices, expensive repairs, and shifting consumer demand make these models harder to resell. Buyers looking for long-term value often avoid them in favour of more practical, fuel-efficient options.

Typical Resale Values by Major Car Brands

• Toyota & Honda: Consistently strong performers with models like the Camry, CR-V, and Prius holding value year after year.

• Subaru: Well-regarded for AWD capability, especially popular in Canada’s winter climates.

• Jeep: The Wrangler is a standout, holding value better than nearly any SUV in the resale market.

• Mercedes-Benz: Most models depreciate quickly, but the G-Class is an exception — it retains value surprisingly well due to strong demand and iconic status.

• Ford & Chevrolet: Popular full-size pickup trucks (F-150, Silverado) hold value reasonably well, though Toyota’s trucks tend to perform even better in the long run.

With that foundation in mind, let’s dive into the 12 vehicle categories that top the Canadian resale market.

1. Best family car: 2022–2024 Toyota Camry LE/SE (incl. AWD/Hybrid)

2019 Toyota Camry | Photo: walterericsy - stock.adobe.com

Price Range: $26,000–$38,000 (typical asking range in Canada; hybrids sit toward the upper end)

If no-nonsense transportation is all you need, the late-model Camry remains a smart buy thanks to excellent value retention and broad consumer demand. It continues to top residual-value rankings (the 2024 Canada ALG awards even named the Camry the midsize-car winner, and Toyota took overall brand awards)—strong signals that the Camry will hold its value better than most mainstream sedans. In Canada, LE/SE trims from 2022–2024 offer the features people actually use: heated front seats, Apple CarPlay/Android Auto, Toyota Safety Sense driver aids, and available AWD for winter confidence (AWD is offered on SE/LE in this generation, and hybrids are widely available too). Power comes from a proven 2.5L four-cylinder (~203 hp, or 202 hp with AWD) or a super-thrifty hybrid. Fuel efficiency is a big draw: expect as low as ~8.5/6.1 L/100 km (city/hwy) with FWD, ~9.3/6.8 with AWD, and only ~4.9/4.8 L/100 km in a Hybrid LE – part of why used Camrys sell quickly and keep prices firm. Strong reliability, a spacious interior, and a comfortable ride all add to the Camry’s long-term value.

Pricing note: Nationwide listings show many 2022+ Camrys under ~$30k, while lightly-used 2024 gas or hybrid models often list in the mid-$30k. Exact pricing varies by trim, km, drivetrain (AWD vs. FWD), and overall condition, but the Camry generally commands a premium in the family car segment.

2. Best compact luxury car: 2021–2023 Lexus IS 300 AWD

2017–2020 Lexus IS (3rd gen shown) | Photo: Lexus

Price Range: $35,000–$45,000

For a compact luxury sedan with top-notch resale, the Lexus IS 300 AWD is a standout choice. The IS has a well-earned reputation for durability and holds its value better than many German rivals (Lexus topped the Luxury Compact Car category in Kelley Blue Book’s 2024 awards). The IS 300 AWD delivers smooth yet swift performance with a 3.5L V6 (around 260 hp) and, as its name suggests, standard all-wheel drive – a key selling point in Canada. Features are generous even in base trim: look for 10-speaker audio, heated power-adjustable seats, dual-zone climate control, push-button start, and an auto-dimming mirror. Higher packages (Premium, Luxury, F-Sport Series) add niceties like leather, navigation, a larger infotainment screen, adaptive headlights, and parking sensors. Fuel consumption is reasonable for a V6 AWD sedan at roughly 12.3/9.1 L/100 km (city/highway). Equally important for long-term value, the Lexus IS boasts excellent build quality and reliability, meaning fewer expensive problems as the car ages. Luxury car resale values typically fall off fast, but a Lexus holds its own – making a used IS a sensible “compact luxury” buy that should retain value for years.

3. Best large luxury car: 2018–2021 Lexus LS 500

Lexus LS500 | Photo: Santi Rodríguez - stock.adobe.com

Price Range: $70,000–$90,000

If a full-size luxury sedan is what you’re after, consider the Lexus LS 500 – a posh flagship four-door that not only holds its value well but is also a savvy used buy versus its European competitors. Under the hood you’ll find a 3.5L twin-turbo V6 with 416 hp paired to a smooth 10-speed automatic and all-wheel drive, delivering confident performance. The LS’s cabin is all about indulgence: even used examples come equipped with features like premium leather, heated and ventilated front seats, a heated wood-trimmed steering wheel, navigation, a 23-speaker Mark Levinson audio system, and power sunshades. High-end options on 2018–2021 models included an Executive package with four-zone climate control, massaging rear seats, and even 22-way power-adjustable rear seats. Despite its size and comfort focus, the LS 500 doesn’t guzzle fuel as much as you might expect – Lexus rated it around 13.1/8.7 L/100 km (city/hwy). Perhaps most impressively, the Lexus LS has far better long-term reliability than German rivals (like the Mercedes S-Class or BMW 7 Series, which can depreciate rapidly). That durability helps the LS stay desirable as a used car. It’s no surprise that Lexus consistently ranks among the top luxury brands for resale value, and the LS 500 exemplifies that formula of luxury without the usual depreciation free-fall.

4. Best mid-size pickup truck: 2018–2023 Toyota Tacoma Double Cab V6

Toyota Tacoma | Photo: Brandon Woyshnis - stock.adobe.com

Price Range: $40,000–$55,000

The Toyota Tacoma holds its value better than any other truck in the mid-size class – period. This rugged pickup has a cult following for its proven durability and off-road capability, keeping demand strong in the resale market. If you want a truck with comfortable seating for five at an accessible price, look for a Double Cab model (2018+ SR5 or TRD Sport/Off-Road trims are popular). Even base Tacomas come with essentials like a touch-screen infotainment system, backup camera, air conditioning, and power group, while higher trims add luxuries like heated seats, dual-zone climate, wireless charging and more. Under the hood, you get a 3.5L V6 (278 hp) paired with a 6-speed automatic and part-time 4WD – a combo known for lasting hundreds of thousands of kilometers. The Tacoma’s towing and payload are respectable (often around 6,000+ lbs towing, depending on configuration) and it features handy touches like a composite bed liner and 120V bed outlet on many models. Fuel consumption is rated about 13.0/10.5 L/100 km (city/hwy) – not the thriftiest, but owners say the long-term value more than makes up for fuel costs. Importantly, the Tacoma has one of the highest 5-year residual values of any vehicle (often above 70% retained of original MSRP). In short, a late-model Tacoma is a rock-solid choice that will likely be worth more down the line than any other used mid-size pickup.

5. Best full-size pickup truck: 2022–2024 Toyota Tundra CrewMax SR5

Toyota Tundra | Photo: Geoffrey Tipton/Wirestock Creators - stock.adobe.com

Price Range: $55,000–$70,000

In the full-size pickup segment, the Toyota Tundra has surged to the top for resale value. The all-new 2022+ Tundra brought a wave of improvements – and Toyota’s reputation for reliability ensures these trucks hold their worth. In fact, the Tundra won the 2024 Canadian Black Book award for full-size pickups (with an impressive 75.9% four-year retained value projected). Used truck shoppers can expect a twin-turbo 3.5L V6 under the hood (replacing the old V8) making 389 hp (or 437 hp in the Hybrid i-FORCE MAX model), paired with a 10-speed automatic. Despite being turbo, this engine is proving robust, and it offers better fuel efficiency than the old V8 – roughly 13–14 L/100 km combined in real-world driving. The CrewMax cab Tundras are especially sought-after in Canada for their huge interior space and four full-size doors. Look for an SR5 or Limited trim for the best value: these come with a ton of features (heated seats, a massive 14-inch touchscreen on many, Toyota Safety Sense, blind-spot monitoring, etc.) without the exorbitant price of the Platinum/1794 editions. With available features like adaptive suspension, trailer backup assist, and a max tow rating around 11,000 lbs, the Tundra is as capable as it is reliable. Supply of new Tundras has been tight, so late-model used ones often sell quickly. Toyota’s loyal following plus low depreciation (the Tundra has topped its category every year since 2009 in ALG residual awards) make this truck a smart long-term pick.

6. Best minivan: 2021–2023 Toyota Sienna LE 8-Passenger (Hybrid AWD)

Toyota Sienna LE Hybrid | Photo: Felix Mizioznikov - stock.adobe.com

Price Range: $45,000–$55,000

Minivans may not be cool, but the Toyota Sienna is about as cool as it gets for keeping its value. In 2021 Toyota redesigned the Sienna and made it hybrid-only with available AWD – a move that paid off in both fuel savings and resale desirability. The Sienna took the win in KBB’s 2024 Minivan category, and for good reason: with fuel economy as low as ~6.7 L/100 km combined, a late-model Sienna delivers huge savings at the pump (important as gas prices rise). Beyond efficiency, it’s a Toyota – meaning long-term durability and strong demand on the used market. The LE 8-passenger trim offers excellent value, including power sliding doors, tri-zone climate control, a power driver’s seat, heated front seats, and Toyota Safety Sense driver assists. All-wheel drive was optional and is a big plus for Canadian winters (the AWD Sienna uses an extra electric motor on the rear axle). Despite the hybrid’s focus on efficiency, the 2.5L hybrid system (~245 hp) has ample power and can tow 3,500 lbs – enough for a family camper. One reason Siennas hold value is that there are so few alternatives: only the Chrysler Pacifica offers a hybrid, and it can’t match Toyota’s reliability. Many used Sienna buyers are willing to pay a premium for that long-term peace of mind. Expect to see 2021–2023 models listed in the high-$40k range (often not far off their original MSRP!), showing just how strong demand is for this versatile vehicle.

7. Best mainstream sports car: 2020–2021 Toyota GR Supra

Toyota GR Supra | Photo: Just Jus - stock.adobe.com

Price Range: $60,000–$70,000

The mainstream sports car with arguably the highest resale value is the Toyota GR Supra. Toyota’s reborn Supra was introduced for 2020 to massive fanfare – so much that the first-year models appreciated in value, often selling used for more than their original $63k MSRP. Today, the GR Supra remains a hot commodity on the used market. All 2020–2021 Supras pack a BMW-sourced 3.0L turbo inline-6 under the hood (335 hp in 2020, bumped to 382 hp in 2021) mated to a quick 8-speed automatic. Performance is impressive (0–100 km/h in ~4 seconds) yet the car is civil enough to daily-drive – and it even sips fuel reasonably at ~9.9/7.7 L/100 km (city/hwy). The Supra’s eye-catching design and legendary nameplate keep demand strong. Plus, Toyota’s decision to limit production and updates (a manual transmission was added in 2023, which may further boost interest) means earlier models aren’t quickly outdated. Standard equipment on the Launch Edition/Premium trims is rich: leather sport seats, a head-up display, 12-speaker audio, adaptive suspension, and advanced safety tech all included. The key to the Supra’s resale value is that it’s a niche car with broad enthusiast appeal – much like the Porsche Cayman and Chevy Corvette, the Supra consistently ranks in top resale lists (it even made KBB’s Top 10 for 2024). If you bought one new, you’re likely smiling; if you’re buying used, know that you’re getting a sports car that will hold value better than just about any of its peers.

8. Best premium sports car: 2020 Chevrolet Corvette Stingray (C8)

Chevrolet Corvette ZR1 | Photo: Brandon Woyshnis - stock.adobe.com

Price Range: $80,000–$100,000

When it comes to premium sports cars, the Chevrolet Corvette is a resale superstar. The eighth-generation Corvette (2020+ C8) was a game-changer – a mid-engine American supercar – and used examples still command hefty sums. In fact, the Corvette has appeared in multiple “best resale value” rankings and was #4 on a recent five-year depreciation study (losing only ~27% of value in 5 years). The 2020 Corvette Stingray introduced a 6.2L V8 making ~495 hp, capable of 0–60 mph in under 3 seconds, with exotic looks to match its performance. Early demand far outstripped supply, leading many C8 buyers to flip their cars for profit. Even now, a lightly used C8 often sells for near MSRP or above, a virtually unheard-of situation for a mass-produced sports car. What keeps the Corvette’s value so strong? Partly heritage (it’s an iconic model in constant demand), and partly the C8’s incredible reviews – it was MotorTrend’s Car of the Year and offers Ferrari-like thrills for a fraction of the price. Standard features on a 1LT aren’t spartan either: you get a digital gauge cluster, 8-inch touchscreen with Apple CarPlay/Android Auto, a removable targa roof, and a suite of driver aids. Higher trims add GT2 bucket seats, head-up display, Bose audio, and more. Importantly, maintenance on a Corvette is simpler than on European exotics, and the new mid-engine layout hasn’t revealed major reliability woes. As a result, the Chevy Corvette consistently tops resale value awards (it’s a regular in KBB and CBB accolades), making a used C8 Stingray one of the safest bets in the premium sports car world.

9. Best compact crossover: 2019–2021 Toyota RAV4 LE/XLE

Toyota RAV4 | Photo: VanderWolf Images - stock.adobe.com

Price Range: $28,000–$38,000

It’s no secret that compact crossovers are wildly popular – and the Toyota RAV4 leads the pack not just in sales but in resale value. We’ve included the RAV4 as our compact crossover pick because it consistently earns top marks for retained value (ALG named it the top compact SUV for residuals, and it won its segment in Canadian Black Book’s awards as well). A 2019 redesign kicked off the fifth-generation RAV4, bringing a tougher look, improved AWD capability, and more efficient powertrains. The common RAV4 LE or XLE with the 2.5L four-cylinder (203 hp) and 8-speed automatic is a perfect family vehicle: it’s roomy, safe, and gets great fuel economy (~8.8/6.7 L/100 km city/hwy with FWD; ~9.2/7.1 with AWD). Standard features on 2019+ LE models include LED headlights, heated side mirrors, a 7-inch touchscreen with smartphone integration, Toyota Safety Sense (with adaptive cruise and lane assist), and dual-zone climate on XLE. Part of why the RAV4 holds its value is strong demand – it’s often Canada’s best-selling SUV, so used buyers actively seek it out – and Toyota’s renowned long-term reliability. The hybrid RAV4 variants deserve a mention too: they’re even more fuel-efficient (~6.0 L/100 km combined) and their resale is equally robust, often selling at a premium. (In fact, the RAV4 Hybrid could contend as both best crossover and best hybrid.) We should also note the Honda CR-V is a close competitor – it, too, has strong resale – but the RAV4 edges it out consistently in residual value rankings. All told, if you need a versatile, efficient compact SUV, a late-model RAV4 is almost a can’t-lose investment for your driveway.

10. Best compact/mid-size SUV: 2021–2023 Jeep Wrangler (JL) Sport

Jeep Wrangler Rubicon | Photo: Gabe Shakour - stock.adobe.com

Price Range: $40,000–$50,000

The Jeep Wrangler is a perennial award winner when it comes to resale value – and for good reason. This SUV icon has name recognition few vehicles can match, and until recently it was basically in a class of its own (an off-road 4x4 SUV with removable roof/doors). The newest generation (JL, introduced 2018) improved the Wrangler’s road manners and tech without losing its trail-ready character, making it even more broadly appealing. A 2021–2023 Wrangler Sport or Willys is a great buy that will hold value extremely well. Under the hood, you’ll find either a 285-hp 3.6L Pentastar V6 or the optional 270-hp 2.0L turbo 4-cylinder – both capable engines, with the turbo offering more torque for daily driving. Two-door models are pure Jeep fun, while the four-door Wrangler Unlimited brings additional practicality and is very sought-after (and priced higher accordingly). Key features on recent Wranglers include the Uconnect touchscreen system with Apple CarPlay/Android Auto, push-button start, backup camera (finally mandated in this gen), and features like A/C and power windows in most trims (things old Jeeps didn’t always have!). Of course, the real appeal is off-road capability: even a base Wrangler Sport has 4WD with low-range, skid plates, and solid axles. The strong aftermarket and enthusiast community ensure Wranglers never stay unsold for long – there’s always a buyer looking to join the Jeep family. One new competitor has emerged: the Ford Bronco. The Bronco (launched 2021) has also shown strong resale so far (Canadian Black Book even gave it a shout-out for 2022), but it’s still too new to unseat the Wrangler’s decades of proven value retention. For now, the Wrangler remains king of resale in the SUV world – a rugged toy that’s as close to depreciation-proof as it gets for a vehicle.

11. Best full-size SUV: 2021–2023 Cadillac Escalade

Cadillac Escalade | Photo: jetcityimage - stock.adobe.com

Price Range: $80,000–$110,000

In the realm of full-size SUVs, the Cadillac Escalade has long been the resale value champ among luxury players. As Cadillac’s flagship, the Escalade enjoys a strong brand image and loyal following – factors that help it hold value better than imported rivals like the Mercedes GLS or Range Rover (which tend to depreciate more heavily). The 2021 model year introduced the fifth-generation Escalade, bringing a modern independent rear suspension (greatly improving ride and third-row space) and a tech-filled interior. Used 2021–2023 Escalades are undeniably expensive, but you get a lot for the money: a 6.2L V8 (420 hp) with 10-speed automatic and standard 4WD, a stunning 38-inch curved OLED display spanning the dash, Super Cruise hands-free driving available, and all the luxury touches (massaging front seats, panoramic sunroof, rear-seat entertainment, you name it). Even base “Luxury” trims are lavish, and higher Sport/Platinum trims pile on semi-aniline leather, a fridge/freezer console, and more. Why does the Escalade hold value? Strong demand and limited supply – large families, livery services, and status-seekers alike covet this model, and Cadillac doesn’t flood the market. Moreover, the Escalade’s platform and powertrain are shared with the Tahoe/Yukon (which are reliable workhorses), so long-term maintenance costs aren’t as scary as some luxury vehicles. It’s worth noting that extended-length versions (ESV) may depreciate a tad more, and fuel economy is a thirsty ~16.6/10.9 L/100 km (city/hwy), but buyers of these SUVs aren’t too concerned. Overall, a late-model Escalade is a safe bet in the full-size SUV arena – and for an ultra-luxury ride, it consistently outshines others in resale (even the vaunted G-Class might edge it, but those start far higher in price).

12. Best hybrid vehicle: 2019–2022 Toyota Prius (and Prius Prime)

Toyota Prius | Photo: CLShebley - stock.adobe.com

Price Range: $25,000–$35,000

When it comes to hybrids, the Toyota Prius is practically synonymous with the category – and it backs that up with superb resale value. The Prius (along with its plug-in hybrid sibling, the Prius Prime) has long been a favorite of eco-conscious drivers, and demand for efficient used cars only grows as fuel prices climb. According to Kelley Blue Book, the Toyota Prius won the 2024 Best Resale Value award in the hybrid/alternative energy category. A 2019–2022 Prius offers incredible fuel efficiency (around 4.5–5.0 L/100 km combined for the regular hybrid, or ~1.8 Le/100 km for the Prime in electric mode) and Toyota’s bulletproof hybrid reliability. Part of why the Prius holds its value is that Toyota’s hybrid battery technology has proven durable – many Prius taxis have run hundreds of thousands of kilometers on original batteries – giving used buyers confidence. The fourth-generation Prius (2016–2022) also added available AWD on some models (using an extra rear motor for low-speed traction), a useful perk in Canada. Even in base trim, you’ll get key features like a touchscreen with backup camera, automatic climate control, heated seats (on most Canadian trims), and Toyota Safety Sense (pre-collision system, lane departure alert, etc.). The Prius Prime plug-in can drive ~40 km on electricity alone, which made it very popular – and thus it really retains value (it wasn’t uncommon for slightly used Primes to sell above MSRP during the pandemic). Typical depreciation for hybrids is lower than average – around 40% after 5 years vs. 50% for non-hybrids – and the Prius is a shining example, often topping “least depreciating” lists in its class. For a practical, efficient car with a proven track record, a used Prius is a smart buy that will sip fuel and keep its value in the long term.

 

These 12 vehicles prove that not all cars are equal when it comes to holding value. Whether you’re after a family sedan, a rugged SUV, or a fuel-sipping hybrid, choosing a model with strong resale value can save you money in the long run. Not only will you enjoy a top-rated vehicle today, but you’ll also have a valuable asset to trade in or sell a few years down the road. Happy car hunting, and may your next used car be one that bucks the depreciation curve!