New Subaru WRX Isn’t Losing Its Edge - Named The Best Sports Car Value Pick Again
Should you buy the 2022 Subaru WRX or another sports car? Performance car shoppers looking for the best value should look at the sport-tune WRX performance sedan. A new report from J.D. Power says the next-generation 2002 WRX will hold its value better than all other sports cars. J.D. Power says the WRX wins the sports car segment again in the 2023 Canada ALG Residual Value Awards. The WRX now wins for the eighth consecutive year.
ALG, the division of J.D. Power known for projecting automotive residual values, recognizes the new vehicles projected to hold the highest percentage of the manufacturer's suggested retail price (MSRP) after four years for mainstream brands.
photo credit: Competition Subaru
Why is this important for sports car buyers to know?
Retaining value can make the most significant difference when you trade in your vehicle after 3-5 years. You'll get more for your trade-in than other models in the same category. If you plan on keeping your new car for 3-5 years, depreciation (loss of value) is typically your primary expense during ownership. The award shows shoppers which vehicle will best retain its value.
Power says, "This is a vital consideration for vehicle shoppers when assessing the total cost of ownership for a particular vehicle whether the car is financed, leased or purchased with cash.”
photo credit: Schumacher Subaru
In the Sports Car segment, J.D. Power says, "the combination of impressive performance and year-round versatility" helped secure the eighth straight win for the 2022 Subaru WRX.
What is the price of the 2022 Subaru WRX?
The 2022 WRX 6-speed manual trim level starts at $30,600. The WRX with Subaru Performance Transmission (SPT) is $32,450, WRX Premium 6-speed manual is $33,100, WRX Premium SPT is $35,150, WRX Limited 6-speed manual is $37,490, WRX Limited SPT is $39,740, and WRX GT is $43,390. Pricing includes destination and delivery fees ($995).
More WRX residual value awards
In the recent RedBook residual value awards, the 2022 Subaru WRX is a top ten pick among sports cars. The WRX is projected to hold the highest percentage of the manufacturer's suggested retail price after three years.
One reason the WRX is keeping its edge in the sports car segment and will keep its appeal is that the WRX comes with Subaru's Symmetrical all-wheel-drive; it won't be sitting in the garage this winter like other sports cars. With a good set of winter-rated tires, you'll have fun in the snow when other sports cars remain parked until spring.
Check the used sports car pricing closely because it will be a better value to buy a new WRX versus a low-mileage used model. If you buy a lightly used three to four-year-old WRX, you will pay more for the WRX than all other sports cars. If you can wait for the new model, it's the best value.
In the J.D. Power ALG Canada residual value awards, the 2022 Subaru WRX is the best value pick again in the Sports Car segment. The performance sedan is projected to hold the highest percentage of the manufacturer's suggested retail price after four years.
You Might Also Like: The New Subaru WRX Is Up 488 Percent This Year - Don’t Throw A Party Yet
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.
Subaru Report - We’ve got you covered! Check back tomorrow for more unique, informative SUBARU news, reviews, and previews you can trust.
Leave your comments below, share the article with friends, and tweet it out to your followers!
Photo credit: Competition Subaru