In at present’s used and new market, automobiles, trucks, and SUVs are seeing overstocking, falling costs, and, most significantly, falling worth. Generally, the minute you drive off the dealership lot, your automotive loses a number of thousand {dollars} of worth, which continues to freefall for one 12 months, two years, 5 years, and a decade later. However, there are a number of instances, particularly when speaking about pre-owned vans and hybrids, the place this isn’t all the time the case.

On common, a brand new automotive, truck, SUV, and so forth., will depreciate as a lot as 20 % in its first 12 months. This is a baseline, and now we have seen a lot larger declines in worth relying on the make or mannequin. This can grow to be an enormous drawback for folks eager to improve to a brand new mannequin however not eager to lose hundreds, if not tens of hundreds, of {dollars}.

It’s additionally potential to see your used nameplate lose 15-percent extra worth annually following buy, as much as round 5 years. This can shortly make a automobile you spend fairly a bit of cash on value peanuts as second-hand autos. In this publish, nonetheless, we’re going to share with you which hybrid pickup truck defied the established order and stored a lot of its worth after 12 months of possession. Trucks often maintain their MSRP higher than automobiles and SUVs, however even this mannequin outpaces that. Stay tuned!

In order to provide the most modern and correct info potential, the info used to compile this text was sourced from Ford and different authoritative sources, together with iSeeCars.

Ford Maverick Hybrid: An Aftermarket Winner

According to a new report from iSeeCars, we’re getting the 2024 outlook for used automobiles, vans, and SUVs, each ICE and electrical. For hybrids, the Ford Maverick boasts one of the best resale values and normal valuation after 12 months of possession, up there with the non-hybrid Maverick, the RAV4, and even the Land Rover Range Rover.

Per this report, the Maverick Hybrid truck sees solely 4.4 % internet loss in its first 12 months of possession, totaling round $1,474. That would deliver your truck, based mostly on present MSRPs, to $32,039. The regular, non-hybrid Maverick loses -$1,385 in worth, popping out to a complete of $32,505. Therefore, your non-hybrid holds its worth solely barely higher. It will not be sufficient of a distinction to decide on the ICE over the hybrid. Which is nice information for Ford both means.

Ford Maverick Hybrids Are Selling Like Hot Cakes

One factor we wish to remind our readers of relating to the Maverick’s lower-than-average depreciation is how widespread these at the moment are. For occasion, Ford reported promoting ~20,000 Maverick hybrid nameplates within the first THREE months of 2024 alone. This is unbelievable for any truck maker, though Ford is thought for its lineup. When you consider an all-American truck, hybrid or not, Ford is without doubt one of the first to return to thoughts. Let’s simply say that is proving to be very correct with the Maverick and Maverick Hybrid household.

Ford’s unibody Maverick notched up 39,061 gross sales in Q1, signaling a lift in comparison with the identical interval of 2023. It’s on monitor to be a high vendor within the U.S. amongst vans of all nameplates.

The Ford Maverick Hybrid Is A Great Truck All-Around

When purchasing round for a brand new or used hybrid truck this 12 months, there are many nice choices. Although with Ford, the Maverick has become a timeless nameplate, bringing long-time and new clients to the dealership. Because of its engine choices, general versatility, and luxury options, this four-door pickup truck feels spacious and absolutely succesful.

Just a few specs we’ll shout out embrace the usual 2.0-liter EcoBoost engine and the out there 2.5-liter Hybrid engine, adaptable AWD, normal 250 horsepower with 277 pound-feet of torque, off-road and 4K towing packages, normal tech and security, in addition to numerous thrilling upgrades. The Maverick Hybrid provides a inexperienced flare to an already-adored legacy, which explains why its resale worth stays regular even after 12 months. When you purchase a Maverick pickup, you recognize what you are getting.

2024 Ford Maverick Hybrid Specs

(Data sourced from Ford)

Hybrid Trucks Do Great On The Used Market

Adding to our earlier level, vans, typically, carry out quite effectively on the pre-owned market. Whether you may have a hybrid, EV, or ICE nameplate, you may have a greater likelihood at little to no depreciation on a pickup versus a normal passenger mannequin. Sedans take the most important hit, with SUVs following. Trucks stay the anomaly within the used market, and with Mavericks conserving most of their worth after 12 months, it is a fairly good time to drive one. Hybrid Mavericks started rolling off manufacturing strains in 2021/2022 and have since been a serious promoting level for the Ford firm.

All Of This For Just Over $25,000

Something you additionally need to concentrate on is {that a} new Maverick Hybrid is $25,315, so on the pre-owned market, you possibly can anticipate one to retail for underneath $20,000 most occasions. Of course, if the Maverick is the next trim, you’ll pay a number of thousand much less however do not get too puffed up. These maintain their worth, so even used, you’ll pay close to new pricing if it is solely been 12 months.

Unless Ford had been to revamp your entire sequence and add one thing all of us NEED on or off the street, we don’t see the worth of 2022, 2023, and 2024 models falling dramatically within the subsequent 12 months or so. Whatever the case, it is regular to see a used automobile lose a number of thousand a 12 months. It sucks, however it’s the case.

May The Maverick Continue To Hold Out Strong

With this depreciation report displaying a mere 4.4 % loss on Ford Maverick Hybrids, this is your best model to buy if long-term value means anything to your buy. In normal, we aren’t fascinated by long-term worth when shopping for a automotive for at present, however understanding this stuff could make the longer term a bit simpler. Selling a truck is less complicated than a sedan, however it’s not good.

Even with the Maverick sequence, you will note round four-percent loss after 12 months, and which will rise at 24, 36, and even 48 months post-sale. Used autos will all the time be technically out of fashion, even when the latest model presents the identical issues. Carryover fashions will not put as a lot strain on the second-hand market, however they are going to hit their present resale worth regardless. Welcome to the world of used automobiles, vans, and SUVs. It is certainly a wild journey. Buckle up.

You Might Want To Shop Used Maverick Over New Maverick Hybrid In 2024

In addition to our earlier level, shopping for a pre-owned 2022 or 2023 Ford Maverick Hybrid is a good way to economize and spend money on a better-than-average mannequin for resale worth. Of course, you might even see your older truck offered less expensive than no matter latest 12 months is on the market as effectively, however that is anticipated.

Your pre-owned nameplate is a good selection for these wanting a truck for underneath $20,000, and the Maverick household usually falls round that marker. Higher trims should be $25,000 to $30,000, so this varies by the extras your used pickup could embrace. Whatever the case, investing in a brand new or used Maverick or Maverick Hybrid is a selection we might again you on. It’s an excellent nameplate and feels enjoyable for what you are paying.