Edmunds recently posted their award winners in a survey of best retained values for 2016. These are the brands and models that have the highest projected private party residual value five years after their launch.
The Chevrolet Corvette was named as the winner in the “Best Midrange Sports Car” segment with honorable mentions going out to the Porsche Cayman and Porsche Boxster.
Edmunds says knowing your vehicle’s resale value is critical for car buyers as the smart shopper will choose a vehicle with high retained value so they can maximize their worth at trade-in or sale. Knowing the resale value is also key when leasing as the resale value is a key factor in determining the monthly lease payment.
This is the second consectuive year for Corvette to win its segment category in the Edmunds Best Retained Value Awards and the third time in four years.
The Chevrolet Corvette’s retained value after five years was projected by Edmunds to be 53.9% while the category average is 49.2%:
We do note that the categories have changed slightly over the years during the survey. In 2016, there are two Sports Car Categories, the Midrange Sports Car which the Corvette topped and a Premium Sports Car Category which is headed by the Porsche 911.
The Corvette was the only model from Chevrolet to rank first in the survey with the Chevrolet Tahoe and Colorado earning Honorable Mentions in their respective segments. Other GM segment winners included the GMC Acadia in the Large Crossover SUV and the GMC Yukon which earned the nod in the Large Traditional SUV segment.
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