Buying an SUV is often one of the biggest financial commitments for car shoppers, and depreciation can significantly impact long-term ownership costs. However, some models consistently retain more of their value than others, offering stronger resale prospects and reduced overall loss.
A new analysis by Edmunds compared sales transaction data for 2023 model-year SUVs, measuring how their average used-market prices stack up against original manufacturer suggested retail prices. The study identified the top two value-retaining SUVs across five size categories, offering insight into which models tend to depreciate less over time.
Although the rankings are based on 2023 models, Edmunds notes that they can also serve as a useful reference for buyers considering similar 2026 model-year vehicles.
In the extra-small SUV segment, the Toyota Corolla Cross leads the list, retaining about 81.7% of its original value after three years. The subcompact crossover is praised for its practicality, strong standard equipment list, and overall affordability. The Honda HR-V follows closely, offering strong interior space and versatility, although its modest acceleration was noted as a drawback.
Among small SUVs, the Toyota RAV4 Hybrid stands out with an estimated residual value of 81.4%. It combines strong fuel efficiency with a comfortable ride, spacious cabin, and solid safety performance. The Honda CR-V also ranks highly in this category, earning praise for its smooth driving dynamics, generous cargo space, and fuel-efficient hybrid option.
In the midsize SUV category, the Toyota 4Runner leads with an average value retention of 83% after three years, the highest across all models included in the study. Its rugged construction, off-road capability, and traditional SUV design continue to attract strong demand. The Ford Bronco ranks second, appealing to buyers seeking off-road performance paired with retro styling and extensive customization options.
For midsize three-row SUVs, the Toyota Highlander Hybrid records a residual value of around 77%. While its third-row seating is relatively limited in space, it remains popular for its comfort, efficiency, and long-standing reputation. The Honda Pilot follows, offering more spacious third-row seating and strong practicality for families, though it lacks a hybrid variant.
In the large three-row SUV segment, the Toyota Sequoia leads with a residual value of approximately 80% after three years. Its hybrid powertrain delivers strong performance and towing capability, while maintaining competitive long-term value. The Chevrolet Tahoe comes in second, supported by powerful engine options, towing strength, and a broad range of technology features.
Edmunds emphasizes that while depreciation is unavoidable, selecting models with strong resale value can significantly reduce long-term ownership costs. For buyers, these SUVs represent some of the most financially resilient options in their respective segments.
