Hyundai Tucson Resale Value: Do They Hold Their Value? What To Know
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Many owners appreciate the Hyundai Tucson for its versatility, especially for families. It’s praised for its spacious interior, comfortable driving experience, and good value for money. Some people even compared it with other vehicles like the Volvo XC90 and BMW iX3 and found the Tucson to be the best in terms of driving experience and, of course, price. The Tucson is also commended for its surprising fuel economy, particularly the 1.6 turbocharged petrol model, but it’s certainly no powerhouse.
Having said that, does the Hyundai Tucson hold its value well?
The Tucson does a great job of competing in a highly competitive subcompact SUV market. But what about its ability to retain value over time? Today, we evaluate the Hyundai Tucson resale value, how well it holds value, and how it compares to its fiercest market rivals.
Hyundai Tucson Resale Value
For this section, we source some reputable websites to determine the Tucson’s resale value. For starters, we check out iSeeCars’ analysis based on 3 million cars.
The Hyundai Tucson holds its value well, keeping about 58.4% of its price even after five years. This is impressive because it’s over the 50% mark, a common standard for judging if a car keeps its value well. Although it’s not the highest-ranked in Hyundai’s lineup, its ability to maintain a good portion of its original price makes it a dependable choice for those prioritizing a vehicle’s resale value.
It is generally reasonable for a vehicle to have a five-year resale value of over 50% in the broader automotive market. Cars that depreciate less than 50% over this period are often seen as holding their value well. In this context, the Tucson’s performance is commendable, indicating that it is a competitive option on the broader market, not just within the Hyundai brand.
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Meanwhile, CarEdge has a different analysis about the Tucson’s depreciation rate, but likely because it takes the Tucson lineup in general. According to the website, a Hyundai Tucson is expected to depreciate by 23% after 5 years, with a resale value of around $26,487. This is based on an original selling price of $34,425 and assumes the vehicle is in good condition, averaging 12,000 miles annually.
The analysis suggests that buying a 2-year-old used Hyundai Tucson can lead to significant savings of $5,164 compared to a new purchase, highlighting that Tucson models aged between 2 and 4 years strike the best balance in value, given the rapid depreciation of brand-new vehicles. Notably, the 2021 Hyundai Tucson ranks as the top choice for the best model year value, costing on average only 87% of its original price while retaining 92% of its useful life. Additionally, the 2022 and 2020 Tucson models are also recognized for their excellent value, making them attractive options for potential buyers.
Used Hyundai Tucson Buyer’s Guide (Powered by CoPilot Price Pulse Tool)
For this part, we gauge the Hyundai Tucson’s performance in the used car market, which should help us evaluate its long-term value as well. We used our handy Price Pulse Tool to analyze the performance of the 2018 Tucson in the pre-owned market. Here’s what we found:
The Tucson’s value is increasing
The 2018 Hyundai Tucson’s price has increased by $2,735 more than initially projected, showing that it’s become more valuable over time. This increase might be because of high demand, or it could be seen as a reliable vehicle that holds onto its worth well.
HOW LONG DO HYUNDAI TUCSONS LAST?
If you’re in the market for this compact SUV, you’re probably wondering: how long do Hyundai Tucsons last? Knowing the lifespan of a vehicle is crucial to ensure you’re making a sound investment.
Comparing premiums with other model years
Looking at different years of the Hyundai Tucson, the 2018 version stands out with a higher price increase than most other years, only slightly behind the 2019 model. This could mean that the 2018 model year is particularly attractive to buyers because of certain upgrades or features introduced in that year that are not present in older models. It also implies that the 2018 Tucson is seen as a better long-term investment compared to other years.
Market trends
The tool analysis indicates that the market prices are decreasing, which implies that it could be a good time for potential buyers to purchase. However, we advise you to exercise caution as the market may witness a further price drop. This suggests that if you are not in an urgent need to buy, you could save more money by waiting for additional price drops.
Overall Performance
Taking all these points together, the 2018 Hyundai Tucson appears to be a strong performer in the used car market. Its appreciating value suggests that it’s a car that’s worth the money. As such, buyers currently might find it a good deal, with prices lower than their peak point. However, for those who are not in a hurry, holding off a bit longer could potentially lead to even better deals as prices might drop further.
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Hyundai Tucson Resale Value VS Competitors
The compact SUV is a hotly contested market, with some of the best-selling models in the industry. How does the Hyundai Tucson resale value stack against its closest rivals?
- Honda CR-V: With a 5-year depreciation rate of 36.5%, the CR-V retains more value than the Tucson, which has a depreciation rate of 41.6%. The CR-V also scores higher in reliability and quality ratings, which may contribute to better resale value.
- Toyota RAV4: Toyota’s reputation for reliability often translates to strong resale values, making the RAV4 a formidable competitor to the Tucson. With that said, the RAV4 has a 5-year depreciation rate of 65.3%, which comfortably beats the Tucson’s 58.4% retained value in five years.
- Subaru Forester: The Forester depreciates at a rate of 38% after five years, indicating it holds 62% of its initial value. According to many experts, the Forester’s value decline is described as slow and steady, without a significant drop-off in the early years, undoubtedly contributing to its substantial resale value.
Looking at these depreciation rates, they’re signs the Hyundai Tucson holds its value well, but rivals such as the Honda CR-V and Toyota RAV4 are slightly better at retaining their worth over time.
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