Filed under: Car Buying , Chevrolet , Ford , Honda , Infiniti , Jeep , Lexus , Porsche , Scion , Toyota Kelley Blue Book announced its annual Best Resale Value Award winners, and we weren’t too surprised to see the list dominated by Japanese automakers – mainly Toyota and Honda . KBB hands out the awards based on the projected residual value of mostly all 2013 model year vehicles, and Toyota skated home with a number of awards including 10 of the 22 overall categories and having five of its products in the top 10 for models with best resale value. KBB’s Best Resale Value Awards were announced in the same week as the ALG Residual Value Awards , and there were many similarities between both lists, especially when it came to Toyota. To come up with its winners, KBB measures depreciation over the first five years of ownership, and looks for the cars it expects to hold its value the best after this time; on average, the report says the 2013 model year vehicles will lose 61.8 percent of its value in five years. Of the 22 categories, 15 slots were filled by Toyota, Honda and Nissan products, while the Camaro and Porsche ( Cayenne and Panamera ) each took home a pair of awards. If Toyota has anything to be upset about in this list of cars, it’s that categories for Hybrid/Alternative Energy Car and Electric Vehicle went to the Ford Fusion and Chevrolet Volt , respectively. The overall top 10 models for the best resale value in 2013 are, in alphabetical order: Honda Civic Honda CR-V Jeep Wrangler Lexus LX Porsche Cayenne Scion tC Toyota FJ Cruiser Toyota Land Cruiser Toyota Tacoma Toyota 4Runner Scroll down to see KBB’s press release that includes a breakdown of all individual category winners. Continue reading Toyota tops Kelley Blue Book’s Resale Value Awards Toyota tops Kelley Blue Book’s Resale Value Awards originally appeared on Autoblog on Tue, 27 Nov 2012 18:30:00 EST. Please see our terms for use of feeds . Permalink
Filed under: Car Buying , Acura , Chevrolet , Honda , Hyundai , Lexus , Lincoln , Mercedes-Benz , Nissan , Scion , Subaru , Toyota Drive a new car off the lot and, boom, it’s used and not worth nearly what you own on it. But to help buyers counter this to the best of their abilities, ALG has released its 14th annual list of best bets for retained value. Toyota stands out from the crowd with nine total awards on the list, including its Scion and Lexus brands. But Honda took the top spot among mainstream brands with Hyundai second and Scion third. Subaru is fourth and Mazda fifth. In the premium brand rankings, Acura is ranked Number One, while Infiniti and Audi bring up second and third. In fourth place is Lexus and in fifth, Mercedes-Benz . Chevrolet is listed as number fifteen – last place on the mainstream list, while Lincoln is at the bottom of premium brands in tenth position. “Hyundai’s ascent as a brand is nothing short of impressive,” said Larry Dominique, president of ALG in a press release. “Since 2007, when the brand ranked in the bottom quartile for residual value, Hyundai has delivered well-executed product, and has kept incentives and fleet – two elements that can quickly damage residual value – in check.
TORRANCE, Calif., Nov. 26, 2012 – Lexus earned top honors in two categories of ALG’s 2013 Residual Value Awards. The LS 460 flagship sedan received the Residual Value Award for the Premium Executive Car segment while the GS