Hyundai Wins the 5-Year Cost-to-Own Contest Among Car Brands
Some cars start out cheap, but turn into real money pits as the years roll by. The true measure of value is the 5-year cost of ownership, which Kelley Blue Book keeps track of.
For new models, KBB’s 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 the 2016 model year vehicles, the big winner of was Hyundai.
This is impressive, since Hyundai has long been known as a value brand. KBB shows that lower initial cost can also mean lower long-term cost. Well done, Hyundai.
Acura was the winner among luxury brands. Honda’s prestige brand has often lead its league in reliability, so this win is no big surprise. Still, it’s an affirmation worth noting.
Here’s KBB’s complete listing of the winners:
2016 KELLEY BLUE BOOK 5-YEAR COST TO OWN AWARDS: BY VEHICLE CATEGORY
SUBCOMPACT CAR: Nissan Versa
COMPACT SUV/CROSSOVER: Honda HR-V
COMPACT CAR: Toyota Corolla
MID-SIZE SUV/CROSSOVER: Jeep Wrangler Unlimited
SPORTY COMPACT CAR: Ford Focus ST
FULL-SIZE SUV/CROSSOVER: Ford Explorer
MID-SIZE CAR: Toyota Camry
LUXURY COMPACT SUV/CROSSOVER: Buick Encore
FULL-SIZE CAR: Chevrolet Impala
LUXURY MID-SIZE SUV/CROSSOVER: Lexus RX
ENTRY-LEVEL LUXURY CAR: Buick Verano
LUXURY FULL-SIZE SUV/CROSSOVER: Buick Enclave
LUXURY CAR: Volvo S80
MID-SIZE PICKUP TRUCK: Chevrolet Colorado Extended Cab
HIGH-END LUXURY CAR: Lexus LS
FULL-SIZE PICKUP TRUCK: Ford F-150 Regular Cab
SPORTS CAR: Chevrolet Camaro
MINIVAN/VAN: Dodge Grand Caravan
HIGH-PERFORMANCE CAR: Ford Mustang GT
HYBRID SUV/CROSSOVER: Toyota Highlander Hybrid
HYBRID/ALTERNATIVE ENERGY CAR:Toyota Prius c
PLUG-IN VEHICLE: Chevrolet Spark EV
You can find out more about about KBB’s rankings, and how they’re determined at kbb.com.
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