Vincentric Announces Best Pickup Values

Tacoma Track 1 II

For 13 years, automotive data provider Vincentric has been studying the five-year histories of every vehicle sold in all 50 states and the District of Columbia. Using that data, analysts calculate the averages for purchase price, depreciation, insurance, operating costs (which includes repairs, maintenance and fuel), financing, opportunity costs, state fees and taxes.

Put it all together and they come up with a real-world cost of ownership and an expected cost of ownership (based on Vincentric historical data) that should give consumers a good indication of how well a particular vehicle could perform over time. Technically, this data only reports the total averages during the last five years with the assumption it will be predictive of the next five. Data also varies by state and/or city.

Vincentric recently announced its 13th annual Best Value in America Awards for which it broke pickup trucks into four categories: small, half ton, three-quarter ton and one-ton pickups. Here are the top three pickups in each segment, with the average cost per year for the winners. We should note that Vincentric selects the top pickup brand as well; this year the winner was Ford.

Small Pickups

  1. Toyota Tacoma, with an average cost of ownership per year of $8,984
  2. Honda Ridgeline
  3. GMC Canyon

Half-Ton Pickups

  1. Toyota Tundra, with an average cost of ownership per year of $10,379
  2. Ford F-150
  3. Chevrolet Silverado 1500

Three-Quarter-Ton Pickups

  1. Chevrolet Silverado 2500, with an average cost of ownership per year of $12,293
  2. Ram 2500
  3. Ford Super Duty F-250

One-Ton Pickups

  1. Ford Super Duty F-350, with an average cost of ownership per year of $12,524
  2. Chevrolet Silverado 3500
  3. Ram 3500

Manufacturer images; Cars.com photos by Angela Conners

 

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Comments

Nitro's F250 is costing him a fortune.

Toyota dominates again, where it counts, your wallet!

Tacoma re-sale value and much lower operating costs and little, if any maintenance is huge for truck buyers to consider when seeking a new truck!

Notice the lack of responses when Toyota dominates an important rating like this!

funny the f250 and f350 are essentially the same truck, i think the brake booster is different and couple other minor things, its like saying the silverado is better than the GMC when all they are is cosmetics....hmmmm

Ouch, maybe they do need Ford to enter the small mid size truck market to beat the foreign vehicles since GM cannot do it.

@ OXI

when you dont sell as many trucks you will have less problems
and better resale value common sense!!!!!

Very interesting. We all know the majority of 2500 series Silverados are gas and Ford sells a majority of diesels in both lines. So it is easy to figure out why a gas cost of ownership is cheaper than diesel. The real numbers come in with the 3500 as they are all primarily diesel so the play ground is equal.

The info should only be taken with a grain of salt. Data only reports the total averages during the last five years with the assumption it will be predictive of the next five.

Hey, if Toyota would have sold me a full size, CREW cab, 4x4, with the 5.7 and anti-spin axle for $28k, I would have bought it.
Ford too for that matter.

Ram did, and I love it.

I have a hard time believing those numbers especially for the Canyon and Colorado. Basic supply and demand theory would make these trucks a lot more expensive to buy used. I sold my 2015 Chevy Colorado Z71 for 4000$ less than what I had paid 14 months before. That is awesome resale value if you ask me !

Since the Tundra is the oldest and least competitive, it should be cheaper by now. That's the only place they can compete on is cost. If you want the oldest and most out-dated truck, look for Toyotas. The last post on TundraHQ was the Christmas tree light post in December 2016. Apparently the admins are even embarassed by the trucks now.

Once again Ford Enters Ford wins! All negative commentary is declared null and void.

when you dont sell as many trucks you will have less problems
and better resale value common sense!!!!!

Posted by: Eric | Feb 21, 2017 9:08:52 AM

Toyota was the global sales leader the last few years, come again...

have a hard time believing those numbers especially for the Canyon and Colorado. Basic supply and demand theory would make these trucks a lot more expensive to buy used. I sold my 2015 Chevy Colorado Z71 for 4000$ less than what I had paid 14 months before. That is awesome resale value if you ask me !

Posted by: Rudy | Feb 21, 2017 9:46:22 AM

KBB rates the Tacoma as best in the world, so the numbers do not lie!

Curious... How does the Ridgeline and Canyon make the list if it hasn't been on the market for 5 consecutive years? Maybe this 5yrs of data that is prior to the production gap of those two trucklets.

Toyota was the global sales leader the last few years, come again...
Posted by: oxi | Feb 21, 2017 10:31:28 AM

Taco and Tundra are not sold outside of NA.

Re: KBB

NADA like KBB base their calculations off msrp which very few domestic truck owners pay, Toyota offers fewer incentives for the tundra bringing the price up. The big three price their vehicles knowing they are going to offer incentives so the customers feel like they are getting a good deal so of course they are going to drop more. Additionally when fleets sell their vehicles there is not a huge demand for worn out trucks with lower trim levels this will bring the averages for ford and chevy down. I take data like oxi's with a grain of salt.

A few years ago I priced out (for fun) a fairly basic 4-door 4x4 Tacoma and it came to about $32,000. I then priced a fairly basic 4-door 4x4 Ram and it came to about $33,000.

Better value?

You can get twice the truck with the same or better fuel economy for only $1,000 more and it comes with a better warranty. I'm not sure why on Earth you wouldn't just do that.

Good thing they only go back 5 years. The old generation Tacomas all rusted to the ground, at least the chassis. Google "Tacoma frame rot".

Eric. "when you dont sell as many trucks you will have less problems
and better resale value common sense!!!!!"

Not really. F350's are the top seller in the 1 ton class. Your theory doesn't hold.

It would be interesting to compare buying used 3 year old pickups.

KBB rates the Tacoma as best in the world, so the numbers do not lie!


Posted by: oxi | Feb 21, 2017 10:32:05 AM

I totally get that, Tacomas are so expensive even after 5 years, you can get a new one for 2-3000$ more hehe. Maybe it's different in the US than in Canada but up here, there are no Colorados and Canyon in the dealerships yard ! They just fly away and there is no incentive like the half ton. I makes think that the resale value must be good. I sold mine for 36k. I bought it for 40k just a year ago !

My 2011 Tacoma has had 6 years of use, only 84k in miles, but in that time I only changed tires and oil. Not even a belt. There are no rust issues. I can get 29 mpg and tow thousands of pounds, and put 3/4 of a ton in the bed, and I have. I spent a few hundred a year in maintainance, tops, and I use mobil 1 synthetic, and get 10k between oil changes. I had a new Ranger before that, it ate up brakes, need oil changed every 2500 miles, symthetic or no, and the third brakelight needed constant changing, and it never saw better than 19mpg hwy, 15 around town (3.0, auto, 2001). The Ranger in 2011 wasnt any better.

A number of posters have noted that because Toyota Tundra and Tacoma are rated the best value by Vin, this means that Toyota trucks are the best value. That's ignoring a crucial determining factor of selling price: value is determined by supply AND DEMAND. Is your truck high value because its scarce and the busines smodel is to sell as close to MSRP as possible, or is it high value because it is in high demand?

Toyotas aren't intrinsically more valuable because they may be scarce on used car lots and the dealers will sell for close to MSRP. I don't see many rusted-out Yugos either, but that make them neither a quality vehicle nor a high-value used car.

The one true value from this study is probably the F-350 rating. Used Ford F-350s are in higher demand than Ram 3500 and GM 3500. F-350s sell the most and are high value because they are high demand. That is a fact.

Without being too analytical this morning, I look at the numbers and I see $9.0k as the starting point for yearly cost of ownership. If that includes the cost of gasoline for the year (assuming 12000mi/yr driven on average at 20mpg at $2.50 per gallon = $1500). That leaves nearly $7.5k for repairs? I think that's nothing for any manufacturer to be proud of.
Sorry if I'm being lazy this morning and not in the mood to analyze further. So I suspect I'm missing something!? Whatever the reasoning, I'll take it all with a big grain of salt. I do 90% of all repairs myself, and realize whatever the norm, I save a ton of money from that fact alone. Not to mention that I have too many stories of repair shops that can't get things right themselves, so I doubly prefer to do things myself, unless I have a warranty.

It's ok though....The F350 can hand it's lunch to the HD3500 and RAM.

And the Fiat fans lose their already lost minds... again...

@dale miner

Toyota doesnt sell 1 ton trucks

my point is total truck sales Toyota not even close

I don't care about beset value. I care about best truck. You penny pinchers can care about value. I'll buy the BEST TRUCK.

Bvonscott is reporting the new GM trucks in 2018 will blow away the competition.

Ram trucks are old and Ford trucks will just be a refresh so they won't be able to compete.

Head to head, Ram won't stand a chance to take out the all new GM trucks if they can't take out the old GM's and GM will once again overtake Ford as the best selling pickup maker in 2018.

What about Sierra?

Nothing against Chevy, but the GMC Sierra is considered to be the light-duty pickup truck most aimed at the contracting and professional market. Considering this, new GMC trucks often sell at a great price PREMIUM when compared to offerings from other manufacturers and makes including Chevy.

Thankfully, GMC customers are extremely loyal to the brand whether they purchase their trucks new or used. This means that GMC customers are willing to pay for the exclusivity of the GMC BRAND. GMC Sierras also retain their high resale value through the use of higher quality and more durable parts than other models. GMC is professional grade and provides professional performance that buyers are willing to pay extra for in a GMC truck. The Chevy will buy Chevys but they can't pay extra for them because they are less affluent.

Although the Chevrolet Silverado is mechanically similar to the GMC Sierra, the Silverado sells at a lower price point than the GMC and, in turn, it does not hold its value as well. However, the lower price of Silverado means you can get more equipment for a lower price ALTHOUGH the 2018s will be more plain vanilla. GMC will be the top truck with more luxury equipment and better styling.

Ouch, maybe they do need Ford to enter the small mid size truck market to beat the foreign vehicles since GM cannot do it.

Posted by: Nitro | Feb 21, 2017 9:06:23 AM

Ford won't win that contest either.

Am I missing something?

@Angelo Pietroforte

Yes. In the early years of ownership the main cost of ownership is asset acquisition (buying the truck or making payments). As the years go by, the cost of "buying" goes down but the cost of repairs begins to climb. I don't know how Vincentric makes their calculations but the IRS allows around 50 cents per mile as a cost of operation for passenger cars. We have to assume they allow more for trucks.

That's my two cents.

The Tundra will be my next truck.

How is the Tacoma at the top of the list? They are way overpriced!

And as someone else mentioned, the Ridgeline and Canyon haven't even been out for 5 years!

Ridgeline debut was 2004 as concept and January 2005 as production model. Assembly started January 2005.
It's been a lot longer than 5 years.

Too bad can't do any real work with that Toyota Tacoma, you know the payload is only what 1200 pounds, best case scenario?

Of course GM had some issues with their new trucksegment that just got brought back to production.

Toyota barely changes anything on their truck.

And make a big deal out of it when they change something on there engine every 8 or 10 years, and they're still behind, because they don't take a whole lot of risk.

I looked at Tundras the other day, building one online. Their price went up 980$ When comparing a 2016 to a 2017.

The way they are grouping all their options together, get a SR5 Tundra, you still gotta buy a bunch of options that you don't want to get the few options that you do want.

So spend your $45,000 on the Tundra, and get less performance.

I guess that's about the only way they could control this is by supply and demand and putting less of them out there.

Ford wins again as usual & normal for Toy maker's trucks to rank high too as same 'ol platform/power plants for 8-10 yrs /all the Knick-knacks being worked out...

@papajim,
OK thks. Now I understand how that applies to the majority of people, ie payments. I've never had a car that I had to make payments. Always, a cash purchase and held for over 20yrs. So I won't spent anymore time trying to understand Vincentrics model relevancy.

re Payments

@Angelo Pietroforte

interest rates have been so low for the last 10 years (artificially) that buying (cash) or making payments is a net zero difference

"Ridgeline debut was 2004 as concept and January 2005 as production model. Assembly started January 2005.
It's been a lot longer than 5 years."

Right, but the current model was recently released and it's entirely different. Same with the Canyon.

Taco and Tundra are not sold outside of NA.

Posted by: Ken | Feb 21, 2017 10:38:20 AM

U.S. Special Forces have Tacoma's in Afghanistan!

I have also seen Tundra's in Libya with police forces!

You should get out more!

Posted by: TRX-4 Tom | Feb 21, 2017 5:38:52 PM

My 2010 Tacoma has a 2,200 lbs payload, come again...

Jealousy will not get you far in life!

My 2010 Tacoma has a 2,200 lbs payload, come again...
Jealousy will not get you far in life!
Posted by: oxi | Feb 21, 2017 9:54:32 PM

No the Denver leaf springs you put under your 2010 yota 3 or 4 years ago were rated for 2,200 lbs, not your truck goof!

I just converted my close to 3/4 ton Toyota pickup to over 1 ton payload...

Factory payload numbers were over 1,300 lbs. and now I am over 2,100 lbs.

How? I modded my suspension with 200 lbs. coils up front and 700 lbs. leafs (from factory 3-pack to 9-pack) in the rear with improved shocks and stronger 5/8 u-bolts flipped for improved ground clearance along with improved gas shocks up front under the coils and desert racing spec. upper control arms.

My pickup can handle additional payload and I have ran many load tests on/off-road and stress tests to verify...

A bit of history, I used to own an 85 Toyota 2wd standard pickup YET Toyota sold a 1 ton version of the same identical pickup. Everything frame, engine, axles were the same thing, all they did was mod the suspension to handle additional payload up to 2,000 lbs. and labeled it a 1 ton...

Toyota those days also made a dually version of the same pickup to haul a camper over the bed/cab, thus improved payload even more from the same engine/frame combination...

You can increase your payload numbers, off-roaders like myself have been doing it for years, that is properly. Sorry kids, lift kits do not increase payload!
Posted by: oxi | Mar 31, 2012 5:46:10 AM

http://news.pickuptrucks.com/2012/03/the-weight-game-understanding-pickup-classes-and-where-they-came-from.html

1,300 lbs is oxi real 2010 taco payload, even said it himself HA!

How many truck brands can anyone name that will go 1 million + miles only needing an alternator and a reverse gear? Many Tundra's go 350,000 + with nothing done but normal maintenance. (BH)

@Tom - Deaver does not condone going over legal weights. I got sick and tired of Oxi's 1 ton capable Deaver equiped truck Bull so I sent an email to Deaver. This is their reply to my email -

Deaver Springs

We can get the suspension to handle it but it will not legally change the GVW. The chassis, brakes and axle are still the same.

Scott Born
Sales, Marketing and Production
902 E. Second Street
Santa Ana, Ca 92701
714-542-3703
714-542-2898 Fax


http://news.pickuptrucks.com/2012/04/first-drive-2012-tacoma-trd-tx-baja.html

Eric is correct

2 million brand of truck sold is going to have more problems than the brand that sold 100,000

everybody knows the parts cost more on the Honda's and Toyota's like brake pads for a Toyota that are smaller costs 4 times more than brake pads for a Ford or Chevy
transmission in a Honda is a $6000 job where a transmission in a Ford is $2000
throttle body on a Chevy is $150 on a Toyota it's $700
Honda's require a special anti-freeze that's $40/gal

I own a F-150 cause I don't like to get ripped off when it's in for service and repairs

@ gmsrgreat, thanks for admitting that GM will never beat honda/toyota. Sorry you have to defend them once again...

@GM, When we had the twins for work(gmc/chevy) nobody could really tell the difference other than badging, even today, you could swap badges on those twins and nobody would know the difference. I'm not sure why one would pay more for the same truck.

@Nitro

No problem if you don't like the "twins." Just go buy a mid sized Ford pickup instead.

Oooops! Sorry, I didn't mean to rag you about Ford being AWOL in that regard. It's just that Ford management thought YOU would be happier in a stripped F150 V6 than you would in a Global Ranger. They did it for you. They wanted you to have the best.

Don't worry. Those guys are gone now and you can get a new Ranger in a couple of years. Maybe. Unless they change their minds again.

Or you could just buy a Ridgeline. That's probably more your speed anyway. Nice truck.

Posted by: papajim | Feb 22, 2017 8:20:37 AM

You cannot deny U.S. Special Forces use Toyota trucks in the battlefield, because they do in Afghanistan, Somalia, Libya, Iraq and Syria!



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