While pickup trucks have always been a popular choice for their durability and functionality, not all retain their value over time. Some models depreciate faster than others, impacting owners’ return on investment. Here are six pickup trucks currently losing resale value.
Ford F-150
The Ford F-150, particularly models from 2017 to 2019, has seen a notable drop in resale value. Despite its reputation for reliability and versatility, these model years are impacted by high production numbers and increased competition from newer, more technologically advanced trucks. Additionally, the emergence of electric trucks is diverting consumer attention, contributing to the F-150’s depreciation.
Chevrolet Silverado 1500
Chevrolet Silverado 1500 models from 2018 to 2020 are experiencing significant depreciation. While the Silverado offers impressive towing capacity and a comfortable ride, buyers are often swayed by more fuel-efficient alternatives or newer models offering advanced tech features. As a result, resale values for these model years have been negatively affected.
Ram 1500
The Ram 1500, especially the 2017 to 2019 models, is another truck facing depreciation challenges. Despite its highly praised ride quality and interior comfort, the Ram 1500 struggles with resale value due to stiff competition and the rapid pace of innovation in the truck market. The introduction of new features in newer models further impacts the allure of older trucks.
Toyota Tundra
The Toyota Tundra, known for its reliability, has seen its resale value diminish in recent years, particularly for the 2016 to 2018 models. While the Tundra boasts a loyal fan base, its outdated design and lack of significant updates have made it less competitive. The growing demand for fuel-efficient and technologically advanced trucks has contributed to the depreciation of these older models.
Nissan Titan
The Nissan Titan, especially the 2017 to 2019 models, is experiencing a decline in resale value. Despite offering a robust engine and a comfortable cabin, the Titan faces challenges due to limited brand loyalty and a smaller market share. These factors, coupled with strong competition from other brands, have led to a decrease in resale value.
GMC Sierra 1500
GMC Sierra 1500 models from 2018 to 2020 are losing value more quickly than expected. The Sierra’s high initial cost and the frequent introduction of new features in subsequent models have contributed to its depreciation. Buyers often seek more modern trucks with advanced technology, making it challenging for older Sierras to maintain their resale value in the current market.
