Sport-utilities are in and minivans are out, based on a survey ranking vehicles on resale value after three years of ownership.
Six of the top 10 light trucks were sport-utilities, and no minivans made the top 10.
The study was conducted by ADP Autosource, a division of computer giant Automatic Data Processing Inc. of Hoffman Estates, Ill.
The minivan with the best resale value - the Nissan Quest - ranked 24th among light trucks. It retained 74 percent of its value after three years of ownership.
'The large number of new product entries in this segment and the introduction of more sport-utilities may have affected resale values for older-model vans,' said Corey Wurzner, ADP Autosource's market research director.
The study of resale values is a first for Autosource, which has been collecting data on total loss valuations for insurance companies for 14 years.
The Toyota Land Cruiser holds its value better than any other car or light truck, the survey found. It retained 94.57 percent of its original 1994 price of $35,403 and had an average 1997 resale value of $33,481.
'Cars, both foreign and domestic, ranked lower overall than trucks in the survey,' said Wurzner. 'Trucks are perceived to be more durable and also are less affected by style changes.'
ADP does not disclose the vehicles with the lowest resale values, said Matt Tank, database manager for ADP Autosource. The study ranked more than 250 1994-model cars and light-trucks. It evaluated nearly 1.2 million vehicles, based on advertised prices and the company's own consumer surveys.