Do diesel trucks have higher resale value? (2024)

What truck holds its resale value the most?

It's no surprise that the Toyota Tacoma sits atop our list of trucks that hold their value. In fact, it's one of the most consistent vehicles of any kind when it comes to resale value.

The good news is that diesel car values have generally fallen slightly, rather than collapsed as the stampede to petrol cars has receded. And prices are holding particularly well for larger diesel motors – still in demand due to their better fuel economy.

Resale Value: In the domestic car market in India, diesel cars have a higher resale value in comparison to the petrol variant. Also, the depreciation of the diesel cars is lower in comparison to the petrol variant.

The Canyon is a much better midsize pickup truck than you may realize because of the percentage of value it retains over time. According to Motor1, the GMC Canyon retains a whopping 83.55% of its value over a five-year time period.

The average for pickup trucks is 44.1%. So that means that as a segment cars actually tend to depreciate a little slower than pickup trucks. Still, the Toyota Tundra and Toyota Tacoma are both trucks with some of the best resale value around––better than any car.

Is diesel better than gas? While diesel trucks tend to offer more torque, more towing power, higher gas mileage, and longer-lasting performance, gas trucks are generally lighter, faster, and better at handling heavy payloads. Ultimately, your choice will depend completely on your needs.

have substantial Price Gap in Petrol and Diesel Model and in that case basis higher Ownership cost (Finance cost, Insurance Premium, Maintenance cost) - it may just be worth to go for Petrol from Financial Perspective - but trust Diesel Engine are lot more Fun to drive.

Gas Trucks Answered. Is a diesel truck good for a daily driver?: Diesel trucks make great daily drivers, especially if you have easy access to diesel fuel nearby and are looking for a truck that's torquier than its gas counterparts.

As for what's considered high mileage for specific diesel engines? According to Prosource Diesel, anything over 350,000-miles is considered high mileage for a used diesel pickup with a Cummins or Duramax engine under its hood. Anything over 350,000-miles is also regarded as high mileage for a Powerstroke diesel engine.

Do diesel trucks depreciate slower?

Diesel trucks especially depreciate at a slower rate than gasoline trucks and cars because they have more powerful engines, generally better fuel economy (they use about 30 percent less fuel than gasoline engines), 20 percent fewer CO2 emissions, and are known for their reliability and longevity.

Diesel pickups tend to be more expensive than their gasoline counterparts. The engine block is heavier, required to handle higher combustion pressures. These models have more premium transmissions that can handle higher torque output.

2022 Ram 1500 - 59.8 Percent Resale Value

That said, the Ram 1500 doesn't hold value as well as its closest competitors, the Ford F-150 and Chevrolet Silverado 1500. Average value retention after five years is projected at a still solid 59.8 percent.

A main factor in automobile resale value is the automaker's reputation. Toyota consistently ranks as a reliable brand, in part because Toyota sticks with what works. Rather than overhauling their models every couple of years, Toyota releases improvements in smaller doses, keeping the cars recognizable and familiar.

The only domestic-brand truck that depreciates less than the national truck average is the Chevrolet Silverado. It depreciates 42% on average over 5 years. The Silverado actually holds its value slightly better than its GMC platform-sibling.