Three Toyotas make it into the top 10 for Best Resale SUV
Top 10 for Best Resale SUV
Toyotas are well known for their incredible resale value, and some of our SUVs are particularly strong performers in this regard. Resale value of a particular vehicle is dependent on a number of factors, such as the popularity of the vehicle when it is new, and therefore the numbers that are sold, the perceived reliability of the brand and model of the vehicle, the price and availability of spares and the dealer network.
True Price, an independent vehicle evaluation company, recently compiled a list of SUVs with the best resale value in South Africa, by attending all major bank repossession auctions in Gauteng. They do this in order to gather data pertaining to vehicle sales. This data is utilised to provide free vehicle evaluations to South African motorists.
The top 10 included three Toyota models:
Toyota Land Cruiser
According to Darryl Jacobson, managing director of True Price, this is one vehicle that always attracts attention on auction – irrelevant of the kilometres clocked or condition of the vehicle. “This is an iconic SUV that all buyers aspire to own. It is a genuine 4x4 too, which is enormously capable off-road. Couple all this with Toyota’s exceptional reputation and you have a real winner here,” he notes.
The second Toyota in the top 10, the excellent resale value of this vehicle is testament to the power of the Toyota brand – yet again. According to Jacobson, the Fortuner is incredibly popular with all SUV buyers – whether they’re shopping for a new or used vehicle. “It was the sixth most popular new passenger vehicle last month, clocking up a whopping 954 sales in the month of March. When a Fortuner falls under the hammer on auction, there’s always a lot of eager bidding. Everyone loves the ‘Tuna’; just visit the game parks… this vehicle is almost more common than the impala,” Jacobson says with a smile.
The third Toyota on the list of top 10 SUVs, the RAV4 really got the tongues wagging when it was first introduced back in 1994. “It was something completely different. We all sat up and took note,” Jacobson recalls.
Since then, a plethora of cute and quirky SUVs have made their way into the market. However the popularity of this Toyota has never waned. “It is compact yet spacious, safe but great fun to drive, good looking yet very capable… it really is a fabulous SUV. This is reflecting in substantial new car sales (715 last month, making it the 10th most popular passenger car in South Africa) and strong demand in the used car market too,” he adds. The all-new fifth generation RAV4 has just been launched in South Africa; Jacobson predicts that its resale value will also be exceptional.
Notes: All vehicles in this study were first registered in the years 2015 to 2018 (both years inclusive) and they have done between 0 and 150 000 km.