Ford Authority

Ford F-150 Lightning Wins 2024 Best Resale Value Award

Along with things like fuel, insurance, maintenance, taxes, and various other expenses associated with owning a vehicle, depreciation is a very real – and oftentimes costly – factor as well. However, it’s also one that a lot of vehicle owners don’t really think much about, at least until the time comes to sell that vehicle and purchase another one. In that regard, Kelley Blue Book’s annual Best Resale Value Awards can be a useful tool, as they highlight the vehicles that retain the highest percentage of their original MSRP over the first five years of ownership. The Ford F-150 Lightning¬†won one of these awards last year, and has now repeated that success in 2024 – joining the Ford Bronco and Ford Maverick, which also made the cut.

2023 Ford F-150 Lightning Dream Giveaway Sweepstakes - Exterior 001 - Front

The Ford F-150 Lightning ranked at the top of the electric truck segment this time around, missing out on a top ten overall finish, though the Bronco and Maverick ranked first and tenth, respectively, after topping their respective segments. Regardless, the F-150 Lightning offers owners a solid five-year resale value that’s expected to be 43.1 percent of its original MSRP.

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.

2024 Ford F-150 Lightning Flash - Exterior 003 - Rear Three Quarters

As KBB points out, depreciation is typically the largest expensive facing new vehicle owners in the first five years of ownership. The average 2024 model-year vehicle will only retain about 42.4 percent of its original value following that time period, meaning that a $50,000 new vehicle today will be worth around $21,200 after five years. By comparison, all vehicles in Kelley Blue Book’s Top 10 Best Resale Value list for 2024 are projected to retain around 58 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.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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