With auto manufacturers shutting down plants all over, vehicle production came to a standstill. Being in short supply, it’s all about basic economics – supply versus demand. Interesting how a worldwide pandemic could add value to an automobile. 'Shoppers who choose to buy a 2021 model from one of our Best Resale Value Brand winners can be very confident that their vehicle will retain its value well over time…with the unprecedented events of the last year, we are seeing a slight increase in the overall average residual value for new vehicles, explained by the significantly reduced car supply as well as the market continuing to shift to SUVs, which tend to have higher resale values.' - Eric Ibara, director of residual values for Kelley Blue Book They put together lists every year of the best vehicles for all kinds of categories, and recently, it was the Kelley Blue Book 2021 Best Resale Value Awards. The problem is, most consumers won’t have the answer to such questions, and that’s why publications and organizations like Kelley Blue Book exist.

Unless planning on keeping the vehicle for over 10 years, and by then it’s more or less breaking down anyways. Sure, a vehicle may have a lot of value going for it when it’s on the lot, but what about after purchase? After a year? After five? Those are questions consumers need to ask themselves when in the market for a new car. When it comes to buying and selling cars, it can be tricky business.

Kelly black book residual value guide