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LightningWarrior
Updated:02/06/2024
In 2024, small SUVs are gaining popularity for their practicality and resale value. Below is an exploration of which models excel in retaining their value.
Factors Affecting Resale Value
- Brand reputation
- Market demand
- Fuel efficiency
- Maintenance costs
- Safety ratings
Top Small SUVs with Best Resale Value in 2024
| Rank | Make & Model | Projected Resale Value (%) |
|---|---|---|
| 1 | Toyota RAV4 | 62% |
| 2 | Honda CR-V | 58% |
| 3 | Subaru Forester | 56% |
| 4 | Mazda CX-5 | 54% |
| 5 | Kia Sportage | 52% |
| 6 | Nissan Rogue | 51% |
| 7 | Hyundai Tucson | 50% |
Methodology for Analysis
The resale value percentages were derived from projected long-term depreciation rates based on factors such as past market performance, consumer trends, and expert reviews.
Thought Process: Mind Map of Factors Influencing Resale
- Market Trends
- Popularity of SUVs
- Fuel prices
- Engineering Quality
- Durability
- Maintenance standards
- Brand Loyalty
- Customer satisfaction
- Reputation
Projected Depreciation for 2024
| Make & Model | Average Yearly Depreciation (%) |
|---|---|
| Toyota RAV4 | 5% |
| Honda CR-V | 5.5% |
| Subaru Forester | 6% |
| Mazda CX-5 | 6.5% |
| Kia Sportage | 7% |
| Nissan Rogue | 7.5% |
| Hyundai Tucson | 8% |
Conclusion
The small SUV market in 2024 features vehicles that are not only versatile but also hold their value well. Consumers interested in a small SUV should consider models like the Toyota RAV4 and Honda CR-V for optimal resale value.
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