Resale kings! The surprising utes that hold their value best: Exclusive report reveals the winners and losers from Ford Ranger and Toyota HiLux to GWM Ute and LDV T60  | Analysis

Utes are Australia’s most popular type of vehicle, but which models offer the best resale value when the time comes to selling them? CarsGuide’s analytics team crunched the numbers so that we could bring you this exclusive report. 

Looking at data taken from used car sales across CarsGuide, Gumtree and Autotrader’s listings has provided a clear insight into the ute models that hold their value the best. It’s data like this that could help you buy a new ute now and mean you’ll get the best return when it comes to selling it later. 

The nine utes we’ve focused on are: the Ford Ranger, Toyota HiLux, Isuzu D-Max, Nissan Navara, Mitsubishi Triton, Volkswagen Amarok, GWM Ute, Mazda BT-50, LDV T60.

Our data team extracted the median listing price for each model and for each model year, that is 2024, 2023, 2022, 2021 and 2020. The percentage difference in median listing price from one model year to the next model year is our retained value. We carried this study out in February 2025, and excluded 2025 listing prices due to a full year’s data not having been recorded yet.

Remember that we are talking the prices which the cars have been listed for sale, and we have taken the median. And that median price is for the entire ute model — that includes all variants from dual-cab to single cab — and every version of the ute all in one. 

The results were fascinating and not what we were expecting.

The biggest shock was that the most popular ute in Australia — the Ford Ranger — was not the winner for resale value. The truth is the Ford Ranger’s retained value fell fast, but it wasn’t the worst in our group of nine utes.

The 2024 Ranger’s median price was $68,990, the 2023 Ranger median price was $62,888 but it was at the three year old mark that the value dropped significantly - to median price of $44,990 for a 2021 Ranger, then $39,390 for a 2020 model year at which point the Ranger has retained 57.1 per cent of its original $68,990 median listing price.

If we do the calculation for all based on models years back from 2024-2020. The Volkswagen Amarok is in last place with its retained value dropping from 87.2 per cent of its 2024 median price of $76,840 in 2023 to 58.6 per cent in 2021 and then 52 per cent in 2020.

In eighth place is the LDV T60 which fell from its 2024 model year median listing price of $44,490 to $37,950 for the 2023 model, then $25,000 in 2020 which is 56.2 per cent.

The Ford Ranger is in seventh place retaining 57.1 percent of its value from 2024-2020 model years.

Isuzu’s D-Max ute is in sixth place with it retaining 57.6 per cent of its 2024 value in 2020.

The Mitsubishi Triton comes in at fifth retaining 63 per cent of its 2024 value in 2020. Then in third we have the Nissan Navara which retained 64.3 per cent of its 2024 value, followed by the Toyota HiLux in third place which kept 64.7 per cent of its value in 2020.

In second place for value retained is the Mazda BT-50 with the 2020 model year version having a median listing price 68.5 per cent of the 2024 version.

So who won? Well, if you’ve been following you’ll know who’s our resale value winner. Yes, in first place for retained value is the GWM ute.

The GWM ute held onto its value throughout each model year impressively. The 2023 model year GWM ute was 98.7 percent of its 2024 $38,490 value, the 2022 model year was at 85.7 percent, then 74.8 percent for the 2021 and the 2020 model only slipped slightly to 72.7 percent of the 2024 model list price at $27,990.

Not only does the GWM ute offer the best resale value here it’s also the most affordable ute among this group of nine, too.

Rank	Ute	2024 median price	2020 median price	Retained value
1	Cannon Ute	$38,490	$27,990	72.7%
2	Mazda BT-50	$56,814	$38,930	68.5%
3	Toyota HiLux	$67.999	$43,984	64.7%
4	Nissan Navara	$58,881	$37,888	64.3%
5	Mitsubishi Triton	$53,992	$33,990	63.0%
6	Isuzu D-Max	$65,710	$37,862	57.6%
7	Ford Ranger	$68,990	$39,390	57.1%
8	LDV T60	$44,490	$25,000	56.2%
9	Volkswagen Amarok	$76,840	$39,990	52.0%