2011 Toyota Sienna SE: Retained Value
September 07, 2011
Popular minivans like our Toyota Sienna SE have excellent resale value. People are always in need of a spacious vehicle to carry their families, but cant always afford these minivans when they are new. But after depreciation has taken its hit, these vehicles are a great choice for budget-minded consumers in need of a family hauler. After the kids have grown up, the minivan's retained value will help the owner get the most for his trade-in.
However, retained value isn't always dictated by the best-selling vehicle. If that was the case, the Dodge Grand Caravan would have the highest resale value. Instead, popularity in the used-car market is what really drives resale value. Hondas and Toyotas have a general reputation for being reliable vehicles and thus tend to do better in the used-car market. So where does the Sienna rank in terms of retained value?
The 2011 Toyota Sienna earned an honorable mention in Edmunds 2011 Best Retained Value Awards. These awards are given to the vehicles that have the highest projected residual value after five years, expressed as a percentage of their True Market Value (TMV). The Sienna has a retained value of 48.3 percent. The 2011 Honda Odyssey beat out the Sienna, however, with a retained value of 49.8 percent. The 2011 Ford Transit Connect rounded out the top three, with a retained value of 39.3 percent.
Is retained value something you consider when you buy a car?
Ron Montoya, Consumer Advice Associate @ 16,484 miles