As an auto writer I receive industry trend updates weekly, if not daily. It’s a big deal for car dealers and consumer alike. And not only dictates current lease rates, but what financial institutions charge for auto interest, and what your dealership of choice will pay you for your lightly used car or light truck trade in, on that “got-ta-have-it,” new car. Kelley Blue Book has long been the “bible” of the used and new car pricing game -- It’s an initial bench-mark price indicator, used by that new or used car sales manager when considering the value of your trade in.
2017 Honda Ridgeline makes the cut
Looking to Kelley Blue Book’s Top 10. 7 pickup trucks dominate the top 7, with the newest member of the grouping, 2017 Honda Ridgeline, ranking on the bumper of Chevrolet Colorado. Interestingly enough, the # 1 selling truck in North America, Ford F150, did not make the top 10. The #1 position is proudly occupied by Toyota Tacoma, with 4-Runner and Chevy Silverado in 2nd and 3rd place respectively. Check out the complete list here.As to Honda Ridgeline: I’ve driven it, and like it! Read my latest Ridgeline drive adventure here. In short, Kelley Blue Book predicts that 2017 Honda Ridgeline will retain 64.3% of it’s original MSRP over a 36 month period, with a predicted residual value of 48.1% after 60 months.