Trucks that Depreciate the Fastest - Motobyo (2024)

As a rule, trucks hold their value better than most cars. This makes them a sound investment when buying a new vehicle. That said, truck depreciation rates can vary a great deal from model to model.

For example, sought-after off-roading favorites such as the Toyota Tacoma may only depreciate by 30% to 35% after five years. In comparison, trucks with the worst resale value can easily lose half their value or more within the same period.

But what are the pickup trucks with the worst resale value? And what are some of the determiners of a used truck’s depreciation rate? Let’s take a look!

This compact pickup is stylish but it’s also less affordable, less efficient, and less capable than many other models, including the Hyundai Maverick. With so many better options to choose from, the Santa Cruz has a five-year depreciation rate of 53%, making it one of the worst resale value trucks around.

With its dated interior and underwhelming V8 engine, the GMC Sierra 3500HD isn’t a favorite among truck enthusiasts. The final nail in the coffin for this heavy-duty pickup is its 50.2% depreciation rate after five years.

This truck has always had low production numbers and dismal demand. Limited features and an unimpressive gas mileage mean that the same holds true for used Titans, which average a 47% depreciation rate after five years. The truck was also recently discontinued, so expect depreciation to increase once the general public figures that out.

This heavy-duty truck gets the job done with great towing potential and a comfortable ride. That said, a well equipped 3500 series truck is expensive when bought new. As a result, the Ram 3500 fails to hold its value as much as other Rams and can depreciate by as much as 46.4% in five years.

The make and model aren’t the only factors that affect a used truck’s depreciation rate. Even trucks with the worst resale value can command a higher used price if they compare well to similar makes and models on the following:

• Mileage: This is a huge factor when evaluating a used truck’s depreciation rate. A truck with lower mileage means less wear and tear and less chance of having to do repairs sooner. Keep your truck’s mileage down and you will see a much better return on your investment, even if your truck model usually has a high depreciation rate

• Condition: Dents and dings in your truck’s exterior will put a serious dent in the amount you can expect to collect at resale. Taking good care of your truck is paramount, but if it is in less-than-perfect condition when you decide to sell, carrying out minor repairs and getting it detailed beforehand can help improve your chances of a good resale price
• Records: Keeping up with your truck’s maintenance schedule is key, but you’ll want to ensure you have the records to prove it. With up-to-date service records, receipts of any work done or new purchases, and any other relevant paperwork on hand, your truck won’t see as much depreciation as others without their records in order