Why A $60,000-Plus Luxury SUV Now Costs About As Much As A New ToyotaA detailed interior shot of the 2021 Range Rover's dashboard. Three years later, that same vehicle has a resale value of roughly $32,200, according to Kelley Blue Book's June 2026 depreciation data. That's a 37 percent drop in value, which puts a nearly-new luxury SUV in the same price bracket as a fully loaded, brand-new Toyota Grand Highlander. For someone cross-shopping a new Toyota against a lightly used luxury SUV, this SUV's depreciation curve has effectively erased the price gap between "premium" and "practical." Inside The Genesis GV70 Cabin: Luxury That Punches Far Above Its PriceInterior dashboard view in the 2023 Genesis GV70 Genesis Interior view in the 2023 Genesis GV70 GenesisStep inside a Genesis GV70, and the $32,200 asking price starts to feel almost absurd.