Wouldn’t it be nice if everything we have held its value? Unfortunately, the second you drive a new truck off the dealer’s lot, you’ll lose thousands of dollars in value. Then, when you add up the miles, you’ll unfortunately lose more value. However, not all trucks are created equal and some tend to lose value sooner than others.
Some of us don’t care about resale value and will only drive a Ford or a Ram. But for those of us, these are five trucks to stay away from.
On the horizon, and with this all-new truck soon to appear, the old truck already looks old. He will be bigger, have more strength and more ability under his prettier face. The 2022 Canyon is the last of the previous-generation line that sold well, and offers great options like a potent diesel engine. However, according to , the truck will retain only 59.9 percent of its resale value in five years of ownership.
2022 Ram 1500
Ram owners are (ahem) very proud of their big looks. They have some of the nicest interiors in the business, and with independent rear suspension they have a smoother ride than the competition, with only a slight penalty in tonnage. The current Ram was all new for 2019, but it retains its old powerful, yet thirsty, 5.7-liter HEMI V8. However, the truck will only keep 59.8 percent of its value over five years.
2022 GMC Sierra 3500 HD
Heavy duty trucks are oversized for the big jobs. The Sierra 3500HD, whether with a hefty diesel or V8, is up to anything. But these trucks are starting to look dated, especially on the inside. That’s probably one of the reasons why the GMC is going big for 2024 and giving it a whole new suit. Although these hands will last for years, after five years of ownership, you’ll only sell for 59.8 percent of their resale value.
2022 Ram 2500
Like the big Sierra, the Ram 2500 heavy-duty big truck will last for years. But, also like Sierra, the big Rams just passed by. While the Rams have always looked good, especially on the inside, the new 2500 has a sleeker exterior and interior that makes the 2022 look like a much older truck. This is one of the reasons it will only keep 59.3% of its value, according to MotorTrend.
2022 Chevy Colorado
Like its GMC twin Canyon, the Colorado will soon be replaced by a newer, more capable version of the truck. Even so, the midsize Colorado is a eager companion for Home Depot runs and hauls, and the Z71 and ZR2 trims are great when you want to tackle off-road trails. However, the truck’s design began to look dated soon after its introduction. Colorado will retain 59.3% of the resale value.
2022 Ford Ranger
Do you feel a pattern here? Like many of the other trucks on the list, the Ranger is also getting a major update. The 2022 Ranger is a great truck, but the new truck promises so much more. Perhaps that is why it kept only 59.2% of its value.
2022 Ram 3500
Like its slightly smaller sibling, the 2022 Ram 3500 is built for hard work and can tow an impressive amount of weight with a Cummins diesel. But the 2023 update suddenly made the 2022 look dated. Sorry, Ram owners, but this truck only carries 58.6% of its value.
2022 Nissan Frontier
Completely redesigned for 2022, the Frontier is a truck to impress. It’s one of a new breed of midsize trucks that has nearly all the capabilities of a full-size truck, but without the bulk. The new Nissan Frontier is a solid platform that, unfortunately, doesn’t get much love and only retains 58% of its value.
2022 Hyundai Santa Cruz
Santa Cruz is a truck, but hardly a truck. Yes, it has a bed and can pull an impressive amount. But at its core, it’s just Santa Fe with a bed. This means you get great on-road manners, a smooth ride, and it comes with the factory sliding boot lid. But, Santa Cruz isn’t for everyone and that’s why it only keeps 57.2% of its value.
2022 Honda Ridgeline
The Honda Ridgeline has won many awards for being one of the best trucks money can buy. Like the Santa Cruz, it’s built on a unibody, but unlike the Santa Cruz, it has many features that truck buyers want, and some didn’t know they wanted, like a trunk in a bed. The Ridgeline got several new packages for 2022 that added some flair, but it still only kept 56.9% of its value.