In last year's J.D. Power Residual Value Awards, Subaru had two winners, the Forester and the WRX. Subaru only wins one residual value award in the 2023 U.S. ALG Residual Value Awards, the next-generation 2022 WRX. What happened to the 2023 Forester? ALG picked the Kia Sportage as the best Compact SUV over the Forester.
The next-generation 2022 Subaru WRX is the top pick again in the Sports car segment. What does it mean for sports car buyers? As soon as you drive your new car off a dealer's lot, it drops in value. But the WRX is expected to retain its value better than all other new models. The WRX also won best in class last year.
photo credit: Competition Subaru
What does high residual value mean for sports car shoppers?
ALG's Residual Value Awards recognize 2023 model-year vehicles for their projected retained value through the first three years of ownership. The latest accolades for the WRX lets new model buyers know that the Japanese performance sedan will keep its value better than the other top models like the Honda Civic Type R and The Volkswagen Golf R.
What if you are trading in a used WRX?
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 carmakers' vehicles. If you plan on keeping your new car for 3-5 years, depreciation (loss of value) is typically your primary expense during ownership. It shows shoppers which vehicle will be the best in resale value.
photo credit: Competition Subaru
More best resale value awards for Subaru WRX
An updated iSeeCars study reveals the all-new 2022 Subaru WRX made the cars that hold their value best list. The performance sedan also holds its value better than all other sports cars, according to a new report from RedBook.
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, the WRX Premium 6-speed manual is $33,100, WRX Premium SPT is $35,150, the 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).
Should you buy a used or new Subaru WRX?
iSeeCars's analyzed over one million new and lightly used cars from the 2020 and 2021 model years listed for sale in November 2021. They found the price gap between a one-to-two-year-old used car has drastically narrowed, and some new vehicles like the 2022 WRX and STI are still less expensive than a used model.
The 2022 Subaru WRX will be challenging to find, and if you order one today, you may have to wait a few months to get one. If buying a used WRX now is your only option, you will likely pay more.
The 2022 Subaru WRX wins the best sports car residual value award from ALG again. After three years, WRX is expected to retain its highest percentage of its Manufacturer's Suggested Retail Price (MSRP).
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: Subaru USA