10 Cars That Hold Their Value Best

The pandemic was a challenging yet interesting time for carmakers. The inventory was initially high when people were told to stay home, but when the world opened back up, so did the need for cars.

With so many buyers now looking for vehicles, the supply couldn’t keep up with the demand. That was exacerbated by the effects of a global chip shortage, itself a direct result of the pandemic. Prices went up as a result.

With that in mind, it’s interesting to see a report by iSeeCars on which cars held the most value in the five years since 2020. It’s an assortment that doesn’t see one segment reign supreme over the other.

Let’s take a look.

10. Toyota Corolla Hatchback

Average Five-Year Depreciation: 30.1%

Average Price Difference From MSRP: $7,156

Breaking into the top ten is the Toyota Corolla, specifically, the hatchback. For a time, you could get the non-GR Corolla with a six-speed manual transmission. This was a stylish hatchback that traded a bit of practicality for some driving excitement.

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9. Porsche 718 Boxster

Average Five-Year Depreciation: 29.6%

Average Price Difference From MSRP: $22,155

Porsche sports cars hold their value very well. That’s true for the 718 Boxster, which continues to offer driving thrills that are unmatched at the price it commands. The average five-year depreciation is just 29.6 percent, with the average price difference from MSRP being just over $22,000.

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8. Ford Mustang

Average Five-Year Depreciation: 29.2%

Average Price Difference From MSRP: $9,325

The Fiesta, Focus, Fusion, and Taurus are all gone, so too are the Dodge Challenger and Chevrolet Camaro, leaving the Mustang as America’s lone pony car. Being Ford’s only non-SUV helps it here, with a five-year depreciation of just 29.2 percent.

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7. Toyota Tundra

Average Five-Year Depreciation: 29.1%

Average Price Difference From MSRP: $11,659

The new Tundra faced teething issues with bearing failures in its twin-turbo V-6. Toyota put those issues behind it and took care of affected customers, but still, it makes the archaic, V-8-powered truck, whose production spanned three decades, look like a good buy. If the only big issue with the XK50-series Tundra is the gas bill, that’s a temporary pain for a pickup that is likely to be a dependable workhorse for years to come.

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6. Chevrolet Camaro

Average Five-Year Depreciation: 28.0%

Average Price Difference From MSRP: $8,653

While an excellent car, the sixth-generation Chevrolet Camaro was not popular. Even the more expensive C8 Corvette outsold it when both were in production. Chevy killed the Camaro in 2023, and that, combined with low sales in general, means there isn’t much supply of old Camaros. So they’ve held value well. The sixth-gen was available with a range of engines from a turbocharged four-cylinder to a supercharged V-8, handled wonderfully, and it’s considerably more practical than the mid-engine Vette.

5. Honda Civic

Average Five-Year Depreciation: 28.0%

Average Price Difference From MSRP: $6,987

You’d think one of the best-selling cars in America would depreciate due to a plentiful supply. But the Honda Civic holds its value extremely well. In 2020, you could couple the 1.5-liter turbocharged four-banger with a six-speed manual, or go all out for the Type R performance model that has become a modern classic.

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4. Chevrolet Corvette

Average Five-Year Depreciation: 27.2%

Average Price Difference From MSRP: $18,557

Yes, the Corvette that outsold the Camaro retains its value well. It’s a jack-of-all-trades of sports cars with epic acceleration, handling, and decent practicality thanks to its two trunks. Chevrolet has since expanded the range to offer the hybrid E-Ray, Z06, and hypercar-baiting ZR1 and ZR1X.

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3. Toyota Tacoma

Average Five-Year Depreciation: 26.0%

Average Price Difference From MSRP: $8,217

Toyota trucks have an excellent reputation, and despite a new generation arriving in 2023, the old workhorse Tacoma has held its value extremely well. Like the Tundra, the new Tacoma is a lot more tech-heavy, which for many will strengthen the case for the old one.

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2. Porsche 718 Cayman

Average Five-Year Depreciation: 21.8%

Average Price Difference From MSRP: $15,851

We’re not just finishing the list on two sports cars, but two Porsches. As with its soft-topped sibling, the 718 Cayman has superb driving dynamics. That’s aided by a 4.0-liter flat-six that joined the lineup—Boxster’s, as well—after some purists cried foul after Porsche initially offered the 718 with turbocharged flat-four power.

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1. Porsche 911

Average Five-Year Depreciation: 19.5%

Average Price Difference From MSRP: $24,428

This is a bit of a gimme. The Porsche 911 used to offer supercar performance at non-supercar prices. Now, the 911’s sticker cost is considerably higher, but in 2020, a 911 Carrera could still cost five figures before the inevitable options. Although the average depreciation is more than $24,000, it accounts for less than one-fifth of the overall value of the 911.

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