The Ford F-150 Lightning is no stranger to accolades, as the EV pickup has secured many of them over the past several months, including an Edmunds Best of the Best award, the 2023 Commercial Green Car of the Year award from Green Car Journal, 2023 North American Truck of the Year, a 2022 Kelley Blue Book Best Buy award, Vincentric’s 2023 Best Value in America Award, and 2023 MotorTrend Truck of the Year, most recently. Now, the Ford F-150 Lightning has also been selected as one of the recipients of KBB’s 2023 Best Resale Value awards, joining the Ford Bronco SUV and Ford Maverick compact pickup in that regard.
The Ford F-150 Lightning earned this particular honor thanks to its estimated five-year resale value of 57 percent, which does rank it outside of the top ten overall, but it’s good enough to make the cut on this particular list, regardless. The F-150 Lightning also topped the EV pickup segment as an extra added bonus.
Kelley Blue Book’s Best Resale Value Awards are based on projections from the organization’s Official Residual Value Guide. KBB’s residual values are established by automotive analysts that review the output from statistical models built upon millions of transactions. Vehicles that earn the highest five-year residual values, expressed as a percentage of their original Manufacturer’s Suggested Retail Price (MSRP), are selected for these awards.
As KBB points out, depreciation is typically the largest expensive facing new vehicle owners in the first five years of ownership. The average 2023 model-year vehicle will only retain about 45 percent of its original value following that time period, meaning that a $45,000 new vehicle today will be worth around $20,250 after five years. By comparison, all vehicles in Kelley Blue Book’s Top 10 for Best Resale Value in 2023 awards are projected to retain around 60 percent or more of their MSRP after the initial five-year ownership period.
We’ll have more on the Ford F-150 Lightning soon, so subscribe to Ford Authority for the latest Ford F-150 Lightning news and non-stop Ford news coverage.
Steve is most likely a Toyota “person “
What he’s saying is the truth—from which it seems like you 2 are hiding.
Well…. I guess we will all find out the truth when the ‘balloon’ finally pops and the electric F150 is just another electric truck along with the rows of other ‘used to be’ the big deals.
Vote me one foot in and one foot out for BEV vehicles.
What the Heck???? The Truck has been out a YEAR and WHY would it have a resale Value at all at this point??? I thought this was the END IT ALL Unit, The One and the Only??? To me this sound’s like Folks bought the thing and Put it up for Sale to make a Buck. Make’s No sense to me at all for this HOT EV “TRUCK” that was supposed to Change the WORLD apparently is being SOLD Off by the folks that Bought the thing in the First Place??? How Else is a RESALE VALUE Determined??? Ya Got Me!!!
Oh Kenny Kenny, I’m wondering if your capitalizations are a cry for help or prophesy.
So what do we get here:
YEAR WHY END IT ALL.
HOT EV “TRUCK”.
WORLD SOLD RESALE VALUE.
It’s hard to follow, somewhat like the original long form.