Kelley Blue Book Announces 2013 Best Resale Value Awards
KBB’s Best Resale Value Awards are based on projections from the Kelley Blue Book Official Residual Value Guide and look at current and forthcoming vehicles for their projected retained value throughout the initial five-year ownership period. The awards are by brand and by vehicle segment.
Toyota won the 2013 Best Resale Value brand and Lexus the Best Resale Value luxury brand in Kelley Blue Book’s (KBB) annual Best Resale Value Awards. The awards are by brand and by vehicle segment, in which the full list of winners can be seen below.
KBB’s Best Resale Value Awards are based on projections from the "Kelley Blue Book Official Residual Value Guide" and look at current and forthcoming vehicles for their projected retained value throughout the initial five-year ownership period. The 2013 model-year vehicle winners were announced Nov. 26.
2013 Best Resale Value: Brand
Toyota
2013 Best Resale Value: Luxury Brand
Lexus
2013 Best Resale Value: By Vehicle Category
Subcompact Car: Honda Fit
Compact SUV/Crossover: Jeep Wrangler
Compact Car: Honda Civic
Mid-size SUV/Crossover: Toyota FJ Cruiser
Sporty Compact Car: Honda Civic Si
Full-size SUV/Crossover: Toyota Sequoia
Mid-size Car: Honda Accord
Luxury Compact SUV/Crossover: Infiniti EX
Full-size Car: Toyota Avalon
Luxury Mid-size SUV/Crossover: Porsche Cayenne
Entry-Level Luxury Car: Lexus IS
Luxury Full-size SUV/Crossover: Lexus LX
Luxury Car: Lexus GS 350
Mid-size Pickup Truck: Toyota Tacoma
High-end Luxury Car: Porsche Panamera
Full-size Pickup Truck: Toyota Tundra
Sports Car: Chevrolet Camaro V6
Minivan/Van: Toyota Sienna
High-performance Car: Chevrolet Camaro SS
Hybrid Suv/Crossover: Lexus RX 450h
Hybrid/Alternative Energy Car: Ford Fusion
Electric Vehicle: Chevrolet Volt
2013 Best Resale Value: Top 10 Cars
Honda Civic
Honda CR-V
Jeep Wrangler
Lexus LX
Porsche Cayenne
Scion tC
Toyota FJ Cruiser
Toyota Land Cruiser
Toyota Tacoma
Toyota 4Runner
"The competition for Best Resale Value within many segments has become very heated in the last few years, as major vehicle redesigns and new model introductions have challenged the traditional favorites," said Eric Ibara, director of residual consulting for KBB. "However, for the second year in a row, Toyota and Lexus retain the top Best Resale Value ranking for both non-luxury and luxury brands, based on the average 60-month residual value across all models in each brands' respective lineup. Combined, there is an impressive total of 12 Toyota and Lexus models bringing home 2013 Kelley Blue Book Best Resale Value Awards this year; half of the Top 10 models with Best Resale Value for 2013 hail from either Toyota or Lexus."
According to KBB, an average 2013 model-year vehicle only will retain about 38.6 percent of its original value after a five-year ownership period, meaning that a $50,000 new car today will only be worth somewhere close to $19,300 after five years. While much of a vehicle's resale value is based on supply and demand, as well as current and projected future market conditions, vehicles that retain their value best are rarely discounted and tend to generate high levels of consumer interest, KBB said.
For more information about Kelley Blue Book's Best Resale Value Awards, please visit http://www.kbb.com/new-cars/best-resale-value-awards-2013/.
Related news:ALG Announces Residual Value Awards
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