Skip to main content

The Toyota Tacoma midsize pickup truck has many possible attributes. This includes its off-road capabilities, durability, a plethora of driving assistance technologies, and many different configuration choices. However, there is one important area in which the Tacoma is the best pickup truck: depreciation. 

Toyota Tacoma has lower depreciation than other pickup trucks

Red 2023 Toyota Tacoma, the best pickup truck for low depreciation, towing motorbikes
2023 Toyota Tacoma | Toyota

The Toyota Tacoma has not only the lowest depreciation for pickup trucks, but it also retains its value more than any other vehicle. After three years of ownership, the Tacoma has a depreciation rate of 21.93%, as detailed by Zutobi. In comparison, the next best pickup trucks for low depreciation are the Ford F-Series and Ford Ranger. Both the F-Series and Ranger lose 24.48% of their value after three years.

When buying a pickup truck, depreciation might not be the first thing that comes to mind for factors to consider for truck shoppers. Things like the design, engine output, towing, reliability, safety, and price are more common considerations. However, depreciation is an important factor as well. This is especially the case as people are keeping their cars for longer. And when selling or trading in the Tacoma, you’ll get more money back on average compared to other pickup trucks.

What pickup trucks have the lowest depreciation rate?

Side view of 2023 Toyota Tacoma, highlighting new small Toyota truck that could be better than Ford Maverick
2023 Toyota Tacoma | Toyota

The Toyota Tacoma is the best pickup truck in terms of depreciation. As a whole, pickup trucks depreciate less than other cars. In the Zutobi study, six of the top 10 vehicles with the lowest depreciation are trucks. Along with the Toyota Tacoma, Ford F-Series, Ford Ranger, this includes the Nissan Frontier, Chevy Colorado, and Toyota Tundra.

Here are the 10 cars with the lowest three-year depreciation rates. The pickup trucks are highlighted in bold:

  1. Toyota Tacoma: 21.93%
  2. Ford F-Series: 24.48%
  3. Ford Ranger: 24.48%
  4. Tesla Model 3: 24.79%
  5. Nissan Frontier: 25.15%
  6. Chevy Colorado: 25.49%
  7. Toyota RAV4: 25.97%
  8. Mazda3: 26.31%
  9. Toyota Tundra: 26.87%
  10. BMW X3: 27.02%

What cars have the highest depreciation rate?

Zutobi also listed the cars with the highest depreciation rate. The car that loses the greatest percentage of its value is the Kia Sorento SUV — with a whopping 55.16% depreciation rate after three years. The Sorento is followed by the Chevy Trax crossover SUV (50.31%) and the Mercedes-Benz GLE-Class luxury SUV (48.85%). No pickup trucks are on Zutobi’s list of cars with the highest depreciation.

Here are the 10 cars with the highest three-year depreciation rates:

  1. Kia Sorento: 55.16%
  2. Chevy Trax: 50.31%
  3. Mercedes-Benz GLE-Class: 48.85%
  4. Buick Encore GX: 47.71%
  5. Chevy Express: 45.80%
  6. Chevy Equinox: 44.91%
  7. Lexus ES: 44.21%
  8. Nissan Sentra: 43.61%
  9. Buick Envision: 43.53%
  10. Nissan Altima: 43.21%

When it comes to depreciation, the Toyota Tacoma is the best pickup truck. It also retains its value more than any other vehicle. Considering the very high inflation these days, a truck with a low depreciation like the Tacoma translates to an even greater return on your investment.

Related

2023 Toyota Tacoma Gets Beat by the 2023 Ford Ranger

Best in Trucks & SUVs
Staff Writer, Producer - SUVs

Mark Putzer

With seven years of experience writing in the automotive industry prior to joining MotorBiscuit in 2021, Mark’s work can be found on dealership websites across North America. A Bachelor of Science degree in zoology from the University of Wisconsin-Madison sent Mark into the wilderness for environmental studies. Here, he discovered a passion for driving off-road trucks and SUVs off the beaten path.

During his extensive international travels, Mark developed an affinity for foreign cars and international automotive markets. Inspired by the industry-wide push toward environmentally-friendly EVs and hybrids, Mark covers topics about recent advances in the automotive industry, in addition to everything from off-road concepts to emerging EV technology.