Do Lexus hold their resale value?
Yes, Lexus vehicles are known for holding their resale value exceptionally well compared to many other luxury and non-luxury brands. Lexus, Toyota's luxury division, has consistently ranked among the top brands for resale value in industry studies and reports.
Lexus Reputation for Quality and Reliability
Lexus' reputation for quality, reliability, and customer satisfaction is a key factor in its strong resale values. Lexus vehicles are renowned for their exceptional build quality, durable components, and long-term dependability. This reputation for reliability helps maintain high demand for used Lexus models, which in turn supports strong resale values. 1 2
Lexus Resale Value Compared to Other Brands
Industry data consistently shows Lexus as one of the luxury brands with the best resale values. According to Kelley Blue Book, Lexus vehicles retain an average of 49.4% of their original value after 36 months, compared to 44.3% for the luxury segment overall. 3 4
Some key reasons Lexus holds its value so well include:
- Low depreciation rates: Lexus models typically experience lower depreciation compared to many other luxury brands.
- High demand for used Lexus vehicles: There is strong consumer demand for pre-owned Lexus models, which helps maintain resale values.
- Lexus brand reputation: The Lexus brand is highly regarded for quality, reliability, and customer satisfaction, which boosts resale appeal.
- Toyota engineering and parts availability: As a Toyota subsidiary, Lexus benefits from the automaker's renowned engineering and widespread parts availability.
Overall, Lexus' combination of quality, reliability, and brand reputation make it one of the luxury automotive brands with the best resale values on the market.
