What Is Net Depreciation?

Net depreciation is the difference between the vehicle's original purchase price and resale value after factoring in OEM (Original Equipment Manufacturer) fleet incentives. The lower the depreciation, the less value a vehicle loses over time, translating into long-term savings for fleet managers.

2024 Net Depreciation All-Stars

EMKAY’s analysis highlights vehicles that provide exceptional value, combining low depreciation with OEM incentives that further reduce the total cost of ownership. Here are the top performers:

• Best Small SUV: Toyota RAV4
  • Average Net Depreciation: 0.52%
  • A perfect balance of practicality and value, the RAV4 and RAV4 Hybrid is a proven favorite for fleets looking to minimize cost and improve efficiency.
• Best Mid-size SUV: Ford Explorer
  • Average Net Depreciation: 1.04%
  • The Explorer offers ample space and durability, making it a top choice for larger fleet needs. Available as a 4x4 or 4x2 and with all-new trim levels.
• Best Small Pick-up: Chevy Colorado
  • Average Net Depreciation: 0.86%
  • With its blend of efficiency and rugged performance, the Colorado stands out in the small pick-up category. The Colorado WT and LT are most popular with fleets and come standard with 2.7L Turbo engine.
• Best ½ Ton Pick-up: Ford F150 SuperCab
  • Average Net Depreciation: 1.06%
  • The F150 has long been a fleet staple, offering reliability and versatility for various work environments. The Super Cab F150 is a top performer in resale values, with fleets typically choosing either an XL or XLT trim.
• Best Sedan/Crossover: Subaru Forester
  • Average Net Depreciation: 0.92%
  • Known for its safety and standard AWD, the Forester offers excellent value for fleet managers looking for a low-cost Sedan/SUV crossover
• Best Luxury Vehicle: Volvo XC90
  • Average Net Depreciation: 0.94%
  • A standout in the luxury segment, the XC90 combines premium features with a surprisingly low depreciation rate thanks to Volvo’s significant OEM fleet incentives

Why It Matters for Fleet Managers

By choosing these low-depreciation vehicles, fleet managers can significantly lower their overall fleet expenses while providing drivers with high-quality, dependable vehicles. OEM incentives play a crucial role in further reducing costs, making these models even more attractive for businesses. Choosing the right vehicles can have a lasting impact on both the financial health of your fleet and driver satisfaction. The 2024 Net Depreciation All-Stars are an excellent starting point for fleet managers looking to optimize their fleet strategy. For more insights and tailored recommendations, fleet managers can reach out to an EMKAY Strategic Account Manager, who can help identify the best vehicles based on specific business needs.