Mazda and Lexus crowned with KBB 5-Year Cost To Own awards

Reply
 
LinkBack Thread Tools Display Modes
Old 18 Feb 2013, 03:45 am   #1 (permalink)
MummyChunk
Guest
  • Posts: n/a
  • User Status:


Default Mazda and Lexus crowned with KBB 5-Year Cost To Own awards

From AB

















KBB.COM ANNOUNCES 2013 5-YEAR COST TO OWN AWARD WINNERS
Top 2013 Models, Brands Honored for Lowest Projected Costs During
Initial Five-Year Ownership Period

IRVINE, Calif., February 5, 2013 /PRNewswire/ - The 2013 model-year
vehicles and brands (in both luxury and non-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 five-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.

2013 5-YEAR COST TO OWN AWARD: MAZDA

2013 5-YEAR COST TO OWN AWARD LUXURY: LEXUS

SUBCOMPACT CAR: Scion iQ
COMPACT SUV/CROSSOVER: Jeep Patriot
COMPACT CAR: Hyundai Veloster
MID-SIZE SUV/CROSSOVER: Mitsubishi Outlander
SPORTY COMPACT CAR: Hyundai Veloster Turbo
FULL-SIZE SUV/CROSSOVER: Ford Explorer
MID-SIZE CAR: Hyundai Sonata
LUXURY COMPACT SUV/CROSSOVER: Acura RDX
FULL-SIZE CAR: Chevrolet Impala
LUXURY MID-SIZE SUV/CROSSOVER: Lincoln MKX
ENTRY-LEVEL LUXURY CAR: Buick Verano
LUXURY FULL-SIZE SUV/CROSSOVER: Lincoln MKT
LUXURY CAR: Lexus GS
MID-SIZE PICKUP TRUCK: Toyota Tacoma Double Cab
HIGH-END LUXURY CAR: Porsche Panamera
FULL-SIZE PICKUP TRUCK: Chevrolet Silverado 1500 Regular Cab
SPORTS CAR: Ford Mustang
MINIVAN/VAN: Mazda MAZDA5
HIGH-PERFORMANCE CAR: Ford Mustang GT
HYBRID SUV/CROSSOVER: Toyota Highlander Hybrid
HYBRID/ALTERNATIVE ENERGY CAR: Honda Insight
ELECTRIC VEHICLE: Chevrolet Volt

(2013 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).

"**New-car shoppers often are most concerned with the upfront
cost of a vehicle; however, consumers would be wise to consider their
purchase from a more holistic standpoint by examining the total cost
to own a vehicle over the initial five-year ownership period,"
said Dan Ingle, vice president of vehicle valuations for Kelley Blue
Book. "Kelley Blue Book's 5-Year Cost to Own information allows
consumers to evaluate which brands and models make the most sense for
their pocketbooks as they prepare for a major purchase decision in
buying a new car. This year's winners provide the top options in
multiple categories and at the brand level."

Based on analysis of Kelley Blue Book's 5-Year Cost to Own information
for 2013 model-year new vehicles, Mazda and Lexus are this year's
prestigious brand winners. Mazda is the top brand among all
manufacturers, surging past last year's winner Kia with regard to its
lowest projected ownership costs. Despite an average Fair Purchase
Price higher than several of its competitors, Mazda offers the lowest
5-Year Cost to Own because of its low depreciation, fuel costs, and
maintenance and repair costs across its full model lineup. Kelley Blue
Book® Fair Purchase Price is the price people 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, MAZDA2 and all-new CX-5. Lexus is
this year's luxury brand winner, exemplifying some of the lowest costs
for depreciation, fuel, and maintenance and repairs of any luxury
brand. Some of the key models contributing to Lexus' stand-out
performance include the CT 200h, ES and IS models.

Another notable 5-Year Cost to Own Award win is the 2013 Hyundai
Sonata, a repeat winner in the mid-size car category. The three
primary competitors in this segment each are separated by a mere $200
in projected total ownership costs. The 2013 Hyundai Sonata
outperformed the Honda Accord and Nissan Altima by offering superior
savings in insurance costs and a lower Kelley Blue Book Fair Purchase
Price.

In addition, the redesigned 2013 Lexus GS is a top contender among the
luxury car segment, beating Audi's A5 and A6 models. The vehicle's low
depreciation and maintenance and repair costs make it this year's
5-Year Cost to Own Award: Luxury Car winner. The depreciation costs
for the Lexus GS came in 6.4 percent below the Audi A5 and 21.7
percent below the Audi A6.

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 sophisticated valuation methodology along with critical
financial data from third-party providers.



)
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 Suggested
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 cars for sale, minivans, pickup trucks, sedan, hybrids,
electric cars, and SUVs. Kelley Blue Book Co., Inc. is a wholly owned
subsidiary of AutoTrader Group.

  Reply With Quote

Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 08:45 pm.

Attribution:
Autoblog
Powered by Yahoo Answers



ToyotaLexusForum.com is an unofficial community for car enthusiasts. ToyotaLexusForum.com is not affiliated with Toyota Motor Corporation in any way.
Toyota Motor Corporation does not sponsor, support, or endorse ToyotaLexusForum.com in any way.
Copyright/trademark/sales mark infringements are not intended or implied.