Which model is the best value if you are considering a new small SUV? A recent study for iSeeCars reveals the 2023 Subaru Crosstrek is the best model you can buy today because it holds its value better than any other small SUV. The new Crosstrek is the third best overall among the top five new vehicles with the lowest three-year depreciation and the third best among the top small SUVs with the lowest five-year depreciation.
Top 5 Vehicles with the Lowest Three-Year Depreciation - iSeeCars study
The Mercedes-Benz G-Class has a 3-year depreciation of 0.6 percent and an average of $980 difference from the Manufacturers Suggested Retail Price (MSRP). The Honda Civic has a 3-year depreciation of 1.4 percent and an average $352 difference from the MSRP. The Subaru Crosstrek has a 3-year depreciation of 1.9 percent and an average $545 difference from the MSRP.
photo credit: Adventure Subaru
They are followed by the Toyota CH-R (2.5%, $639) and the Porsche 718 Boxter (2.5%, $1,907).
"To put some context to these numbers, consumers could have bought these cars new, driven them for three years, and then sold them for anywhere from just a few hundred dollars to around two thousand dollars below MSRP, which is unusual, to say the least," said Karl Brauer, Executive Analyst for iSeeCars.
Top 5 Small SUVs with the Lowest Five-Year Depreciation - iSeeCars study
The Jeep Wrangler is the lowest with 7.3 percent depreciation after five years, followed by the Jeep Wrangler Limited ((8.7%), Subaru Crosstrek (20.7%), Honda HR-V (20.8%), and Toyota RAV4 (23.1%). The small SUV average is 29.1 percent.
photo credit: Adventure Subaru
Why is the Crosstrek a good value pick for new SUV shoppers?
In addition to being fuel-efficient, the 2023 Crosstrek is affordable while offering a high degree of functionality. It also comes standard with Subaru'sSubaru's Symmetrical all-wheel drive system for all-weather capability. The Crosstrek additionally comes with X-Mode for all-terrain abilities beyond what the Honda HR-V and Toyota RAV4 offer.
What does having the lowest depreciation mean for new car shoppers?
Cars with the lowest depreciation will save you money in the long run. "If you plan on trading in or selling your vehicle after a few years, a car that retains most of its value can put more money in your pocket for your next car purchase," said Brauer in the iSeeCars study. "Conversely, if you are a used car shopper, choosing a car that has already taken a depreciation hit can provide you with a substantial deal."
What is the 2023 Subaru Crosstrek's gas mileage?
The Subaru Crosstrek uses direct injection on its 2.5-liter four-cylinder Boxer engine in the Sport and Limited trim levels and gets 27/34 city/highway mpg and 29 combined mpg.
The 2.0-liter engine in the Base, Premium, and new Special Edition trim levels gets 28/33 mpg and 30 combined mpg with the Continuously Variable Transmission (CVT) automatic, contributing to better mileage.
What is the price of the 2023 Subaru Crosstrek?
All 2023 Subaru Crosstrek trim levels get a $600 price increase, including destination and delivery fees.
The 2023 Subaru Crosstrek now comes in six trim levels for U.S. customers. The base trim is priced from $24,870, Premium ($26,020), Special Edition ($27,970), Sport ($29,220), Limited ($30,720), and Crosstrek Hybrid ($38,070). Prices include destination and delivery fees ($1,225).
The Subaru brand has historically been the leading mainstream brand for all its SUVs, retaining their value best. The updated iSeeCars study says the 2023 Subaru Crosstrek is a top small SUV that holds its value better than most new vehicles.
Denis Flierl has invested over 30 years in the automotive industry in a consulting role working with every major car brand. He is an accredited member of the Rocky Mountain Automotive Press. Check out Subaru Report, where he covers all of the Japanese automaker's models. More stories can be found on the Torque News Subaru page. Follow Denis on Facebook, Twitter, and Instagram.
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Photo credit: Adventure Subaru