Kelley Blue Book: Total Cost of Ownership Awards
02-09-12, 09:50 AM
#1
Lead Lap
Thread Starter
Kelley Blue Book: Total Cost of Ownership Awards
Kelley Blue Book, www.kbb.com , the leading provider of new and used vehicle information, today announced its inaugural Total Cost of Ownership Award winners. The all-new 2012 awards honor current model-year vehicles and brands (in both the luxury and non-luxury categories) with the lowest projected ownership costs, based on Kelley Blue Book Total Cost of Ownership data for the initial 5-year ownership period.
To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/54199-kel...-award-winners
While depreciation (or loss of value) may be the greatest expense in owning a vehicle, followed by fuel costs, there are other factors that can have a significant impact on a consumer's pocketbook. Available on Kelley Blue Book's kbb.com, Total Cost of Ownership information reveals depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees for new models.
Kelley Blue Book's Total Cost of Ownership Awards, like all new- and used-car information provided on kbb.com, were established to help shoppers make more informed car-buying decisions by breaking down typical ownership costs and naming the models with the lowest projected 5-year total.
2012 TOTAL COST OF OWNERSHIP: BRAND
KIA
2012 TOTAL COST OF OWNERSHIP: LUXURY BRAND
AUDI
2012 TOTAL COST OF OWNERSHIP: BY VEHICLE CATEGORY
SUBCOMPACT CAR: Nissan Versa COMPACT CROSSOVER: Nissan JUKE
COMPACT CAR: Kia Soul CROSSOVER: Hyundai Santa Fe
MID-SIZE CAR: Hyundai Sonata LUXURY CROSSOVER: Lexus RX 350
FULL-SIZE CAR: Chevrolet Impala MID-SIZE SPORT UTILITY: Jeep Wrangler
ENTRY-LEVEL LUXURY CAR: Volvo C30 FULL-SIZE SPORT UTILITY: Ford Expedition
LUXURY CAR: Audi A5 LUXURY SPORT UTILITY: Audi Q7
HIGH-END LUXURY CAR: Lexus LS 460 HYBRID UTILITY: Ford Escape
SPORTS CAR: Mazda MX-5 Miata MID-SIZE PICKUP TRUCK: Toyota Tacoma Regular Cab
HIGH-PERFORMANCE CAR: Lexus IS F FULL-SIZE PICKUP TRUCK: Chevrolet Silverado 1500 Regular Cab
HYBRID CAR: Honda Insight MINIVAN: Mazda MAZDA5
ELECTRIC CAR: Chevrolet Volt
(2012 model-year vehicle's projected ownership costs are based on the average Kelley Blue Book Total Cost of Ownership data for the initial 5-year ownership period).
Based on Kelley Blue Book's analysis, Kia and Audi are among this year's prestigious brand winners. Kia is the top brand among all manufacturers, while Audi is the top luxury brand, for low average total ownership costs. With a number of successful redesigns, greatly improved quality, superior fuel economy and competitively priced models, Kia sets itself apart from other non-luxury brands. Some of the key models contributing to Kia's success are the Soul, Optima and Sportage. Audi is a stand-out luxury brand because of its low depreciation and superior fuel economy among its lineup. Among the models driving Audi's achievement are the A3, A4 and Q5.
Other notable wins include the Chevrolet Volt, which was neck and neck with the Nissan LEAF. The Volt's slightly lower maintenance and insurance costs gives it the competitive advantage, making it the 2012 Total Cost of Ownership Award winner in the Electric Car category. The Chevrolet Volt has a 5-year ownership cost expected to total $40,629, while the Nissan LEAF's 5-year expected total is $42,089 with all key costs to own a vehicle considered.
In the subcompact car segment, less than $400 separates the top 3 models. The 2012 Nissan Versa, Toyota Yaris and Hyundai Accent come in close with their five-year Total Cost of Ownership totals. However, the Nissan Versa comes in No. 1 with the lowest Kelley Blue Book® Fair Purchase Price (the price consumers typically pay a dealer for a new car) among the 3 models. Its low Fair Purchase Price, combined with the best residual value, results in nearly 10% less depreciation than the other vehicles.
With some fierce competition, the 2012 Mazda MX-5 Miata is the hands-down winner in the Sports Car category, coming in with the lowest expected costs among all ownership factors against its competitors. The MX-5 Miata offers the lowest expected fuel costs with more than $1,000 in savings against the Hyundai Genesis Coupe and Chevrolet Camaro. While the model's Fair Purchase Price is nearly that of the Hyundai Genesis Coupe, it expects savings of more than $1,500 with its low depreciation over time.
Among luxury vehicles, the 2012 Audi A5 may not have the lowest Fair Purchase Price, but with all major expenditures considered, it offers the best 5-year Total Cost of Ownership by nearly $5,000 compared to the other models in its class. Outstanding residual values also give it the lowest depreciation. In addition, it is the least expensive to insure among all other vehicles in this segment.
The number of hybrid models available to consumers continues to grow, offering more competitive choices. "In regard to Total Cost of Ownership, the top three hybrid models are all Honda vehicles," said Flores. "Between the Honda Insight, CR-Z and Civic Hybrid, the Insight provides the best expected 5-year costs at $32,884 for the initial ownership period. This model offers the lowest Fair Purchase Price, resulting in the lowest depreciation over time."
In addition, although the Jeep Wrangler has a higher purchase price than the Toyota FJ Cruiser and Nissan Xterra, it beats its competition in the Mid-Size Sport Utility category with the lowest expected insurance and maintenance costs, combined with approximately $600 in fuel savings.
Kelley Blue Book Total Cost of Ownership is developed using Kelley Blue Book® Residual Values to calculate depreciation costs. Kelley Blue Book calculates total ownership costs for new vehicles by applying sophisticated valuation methodology along with critical financial data from 3rd-party providers.
For more information about the 2012 Kelley Blue Book Total Cost of Ownership Award winners, please visit http://www.kbb.com/car-news/all-the-...ership-awards/ . For more information and news from Kelley Blue Book's kbb.com, visit www.kbb.com/media/ , follow us on Twitter at www.twitter.com/kelleybluebook (or @kelleybluebook), or like our page on Facebook at www.facebook.com/kbb .
About Kelley Blue Book ( www.kbb.com ) Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the only vehicle valuation and information source trusted and relied upon by both consumers and the industry. Each week the company provides the most market-reflective values in the industry on its top-rated website www.kbb.com , including its famous Blue Book® Trade-In and Retail Values and Fair Purchase Price, which reports what others are paying for new cars this week. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies as well as governmental agencies. Kbb.com provides consumer pricing and information on minivans, pickup trucks, sedan, hybrids, electric cars, and SUVs. Kelley Blue Book Co. Inc. is a wholly owned subsidiary of AutoTrader.com.
02-09-12, 06:17 PM
#3
Lexus Test Driver
I'm surprised to see Audi ranked so high. They have got be the least reliable and most expensive to maintain (in general) out of the big 3 german car manufactures. lol I speak from experience, used to own a 2004 Audi A4 Quattro.
02-05-14, 05:57 AM
#6
Lead Lap
Thread Starter
2014
The 2014 model-year vehicles and brands (in both non-luxury and luxury categories) with the lowest projected ownership costs were announced today by Kelley Blue Book www.kbb.com, the leading provider of new and used car information. These awards are based on Kelley Blue Book's 5-Year Cost to Own data for new cars for the initial 5-year ownership period.
While depreciation (or loss of value) and fuel costs may be the greatest expense incurred in owning a vehicle, there are other factors that can have a significant impact on a consumer's pocketbook. Available on Kelley Blue Book's KBB.com, 5-Year Cost to Own information takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees for new models.
Kelley Blue Book's 5-Year Cost to Own Awards, like all new- and used-car information provided by KBB.com, exist to help shoppers make more informed new-car buying decisions by breaking down typical ownership cost details and naming the brands and models with the lowest projected five-year total.
2014 5-YEAR COST TO OWN AWARD: BRAND MAZDA
2014 5-YEAR COST TO OWN AWARD: LUXURY BRAND LEXUS
2014 5-YEAR COST TO OWN AWARDS: BY VEHICLE CATEGORY
SUBCOMPACT CAR: Chevrolet Spark
COMPACT SUV/CROSSOVER: Jeep Patriot
COMPACT CAR: Toyota Corolla
MID-SIZE SUV/CROSSOVER: Mitsubishi Outlander
SPORTY COMPACT CAR: Hyundai Veloster Turbo
FULL-SIZE SUV/CROSSOVER: Ford Explorer
MID-SIZE CAR: Honda Accord
LUXURY COMPACT SUV/CROSSOVER: Buick Encore
FULL-SIZE CAR: Chevrolet Impala
LUXURY MID-SIZE SUV/CROSSOVER: Lincoln MKX
ENTRY-LEVEL LUXURY CAR: Buick Verano
LUXURY FULL-SIZE SUV/CROSSOVER: Buick Enclave
LUXURY CAR: Audi A5
MID-SIZE PICKUP TRUCK: Toyota Tacoma Regular Cab
HIGH-END LUXURY CAR: Lexus LS
FULL-SIZE PICKUP TRUCK: GMC Sierra 1500 Regular Cab
SPORTS CAR: Ford Mustang
MINIVAN/VAN: Dodge Grand Caravan Passenger
HIGH-PERFORMANCE CAR: Chevrolet Camaro SS/ZL1
HYBRID SUV/CROSSOVER: Lexus RX
HYBRID/ALTERNATIVE ENERGY CAR: Toyota Prius c
PLUG-IN VEHICLE: Chevrolet Spark EV
(2014 model-year vehicle's projected ownership costs are based on the average Kelley Blue Book 5-Year Cost to Own data for the initial five-year ownership period).2014 5-YEAR COST TO OWN AWARD: LUXURY BRAND LEXUS
2014 5-YEAR COST TO OWN AWARDS: BY VEHICLE CATEGORY
SUBCOMPACT CAR: Chevrolet Spark
COMPACT SUV/CROSSOVER: Jeep Patriot
COMPACT CAR: Toyota Corolla
MID-SIZE SUV/CROSSOVER: Mitsubishi Outlander
SPORTY COMPACT CAR: Hyundai Veloster Turbo
FULL-SIZE SUV/CROSSOVER: Ford Explorer
MID-SIZE CAR: Honda Accord
LUXURY COMPACT SUV/CROSSOVER: Buick Encore
FULL-SIZE CAR: Chevrolet Impala
LUXURY MID-SIZE SUV/CROSSOVER: Lincoln MKX
ENTRY-LEVEL LUXURY CAR: Buick Verano
LUXURY FULL-SIZE SUV/CROSSOVER: Buick Enclave
LUXURY CAR: Audi A5
MID-SIZE PICKUP TRUCK: Toyota Tacoma Regular Cab
HIGH-END LUXURY CAR: Lexus LS
FULL-SIZE PICKUP TRUCK: GMC Sierra 1500 Regular Cab
SPORTS CAR: Ford Mustang
MINIVAN/VAN: Dodge Grand Caravan Passenger
HIGH-PERFORMANCE CAR: Chevrolet Camaro SS/ZL1
HYBRID SUV/CROSSOVER: Lexus RX
HYBRID/ALTERNATIVE ENERGY CAR: Toyota Prius c
PLUG-IN VEHICLE: Chevrolet Spark EV
"**New-car shoppers naturally want to know how much a car will cost upfront; however, sometimes an even more expensive car can actually save you money during the 1st 5 years of ownership," said Dan Ingle, vice president of vehicle valuations for Kelley Blue Book. "Kelley Blue Book's 5-Year Cost to Own information evaluates the other out-of-pocket expenses drivers will incur, which helps consumers choose the vehicle that fits them and their wallets best, helping save money down the road."
Based on analysis of Kelley Blue Book's 5-Year Cost to Own information for 2014 model-year new vehicles, Mazda and Lexus are the prestigious brand winners for the second consecutive year. In addition to a low average Fair Purchase Price and strong residual values across its full model lineup, Mazda is ranked among the lowest in fuel and insurance costs, making it the 2014 5-Year Cost to Own: Best Brand among all automakers. Kelley Blue Book® Fair Purchase Price is the price shoppers typically pay a dealer for a new car, based on actual new-car transactions and adjusted regularly as market conditions change. Some of the models driving Mazda's success include the MAZDA3, MAZDA6 and CX-5. Despite an average Fair Purchase Price higher than several of its competitors, Lexus offers the lowest depreciation cost of any eligible luxury brand, thanks to strong residual values across its full model lineup. Lexus also ranks lowest in repairs and is among the lowest in fuel and insurance costs. Some of the key models contributing to Lexus' stand-out performance include the ES, IS and RX models.
Another notable 5-Year Cost to Own Award win includes the 2014 Buick Encore, which is this year's 5-Year Cost to Own: Luxury Compact SUV/Crossover category winner. The Encore beat out the Acura RDX and BMW X3 in all categories except maintenance and repairs. Encore offers depreciation costs 35.7 percent lower than RDX and an impressive 63.7 percent lower than X3. In addition, this year's 5-Year Cost to Own: Plug-In Vehicle category winner, the 2014 Chevrolet Spark EV, bests the Chevrolet Volt and Honda Accord Plug-In Hybrid in nearly all ownership factors. Spark EV not only offers the lowest state fees, but also the lowest insurance, outperforming Volt by 50.5 percent and is 22.6 percent lower than Accord Plug-In Hybrid.
Kelley Blue Book 5-Year Cost to Own information is developed using Kelley Blue Book® Residual Values to calculate depreciation costs. Kelley Blue Book calculates total ownership costs for new vehicles by applying a sophisticated valuation methodology along with critical financial data from third-party providers.
For more information about the 2014 5-Year Cost to Own Award winners, please visit http://www.kbb.com/new-cars/5-year-cost-to-own-awards/.
Last edited by GS69; 02-05-14 at 12:35 PM.
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02-05-14, 12:27 PM
#8
Lead Lap
The 2000s were not nice to German automakers as a whole from a reliability standpoint.
02-06-14, 12:22 AM
#12
So true, I wouldn't trust an Audi that's more than 5 years old. Still driving a 22 year old Lexus, reliable as the sun rising. How many 1992 model VW or Audi products do you see on the road now days. ZERO!!!!!!!
02-06-14, 11:05 AM
#13
Lexus Fanatic
The Volt being on that list is exceedingly strange. It is WAY overpriced as a new car. And not only that, it is not a true electric as assumed on the list, but a gas/electric extended-range hybrid.
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