Car buyers looking for models with the best resale value would be wise to pick a Volkswagen or a Honda, according to a survey by Kelley Blue Book.
Volkswagen is the brand with the best residual value, while Honda has four vehicles that are tops in various categories, including the Honda Civic for best sedan and the Acura MDX for best sport utility vehicle, Kelley Blue Book said in the survey being released Wednesday at the Los Angeles Auto Show. The organization has been publishing its residual value guide since 1981.
Domestic automakers have been lagging in recent years, but their resale values are improving as they move away from low-margin sales to rental fleets, Kelley Blue Book said. Fleet sales flood the market and damage brand reputation.