Wednesday, February 8, 2017

Thrifty Thinking: Five-Year Cost-To-Own Awards

While buying a new car isn't always the best option financially, for those that choose to, knowing the future cost to own can be helpful.

The 2017 model-year brand and category winners of the sixth annual 5-Year Cost to Own Awards, recognizing new vehicles with the lowest projected ownership costs, were announced recently by Kelley Blue Book, www.kbb.com, the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry.  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 budget.  Available on Kelley Blue Book’s KBB.com for new models, 5-Year Cost to Own information takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees.  
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. 
 
2017 Kelley Blue Book 5-Year Cost to Own Award Winners

SUBARU
 
ACURA
                                                                                       
SUBCOMPACT CAR:  Chevrolet Spark
SUBCOMPACT SUV/CROSSOVER:  Honda HR-V
COMPACT CAR:  Toyota Corolla
COMPACT SUV/CROSSOVER:  Subaru Crosstrek
SPORTY COMPACT CAR: Ford Fiesta ST
MID-SIZE SUV/CROSSOVER:  Jeep Wrangler Unlimited
MID-SIZE CAR:  Honda Accord
FULL-SIZE SUV/CROSSOVER: Chevrolet Tahoe
FULL-SIZE CAR: Chevrolet Impala
LUXURY COMPACT SUV/CROSSOVER:  Buick Encore
ENTRY-LEVEL LUXURY CAR:  Buick Verano
LUXURY MID-SIZE SUV/CROSSOVER:  Infiniti QX60
LUXURY CAR: Lexus GS
LUXURY FULL-SIZE SUV/CROSSOVER:  Infiniti QX80
HIGH-END LUXURY CAR: Lexus LS 460/460L
MID-SIZE PICKUP TRUCK:  Chevrolet Colorado Extended Cab
SPORTS CAR:  Toyota 86
FULL-SIZE PICKUP TRUCK:  Chevrolet Silverado 1500 Regular Cab
HYBRID/ALTERNATIVE ENERGY CAR: Toyota Prius
MINIVAN:  Dodge Grand Caravan
ELECTRIC VEHICLE: Toyota Prius Prime
 
 
(2017 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).

For more information about the 2017 5-Year Cost to Own Award winners, please visit https://www.kbb.com/new-cars/5-year-cost-to-own-awards/.
To discuss this topic or any other automotive-related information with a Kelley Blue Book analyst on-camera via the company’s on-site studio, please contact a member of the Public Relations team to schedule an interview.
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), like our page on Facebook at www.facebook.com/kbb, and get updates on Google+ at https://plus.google.com/+kbb.
 
About Kelley Blue Book (www.kbb.com)
Founded in 1926, Kelley Blue BookThe Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry.  Each week the company provides the most market-reflective values in the industry on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Fair Purchase Price, which reports what others are paying for new and used 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, and governmental agencies.  Kelley Blue Book's KBB.com ranked highest in its category for brand equity by the 2016 Harris Poll EquiTrend® study and has been named Online Auto Shopping Brand of the Year for five consecutive years.  Kelley Blue Book Co., Inc. is a Cox Automotive™ company.
 
About Cox Automotive
Cox Automotive Inc. is transforming the way the world buys, sells and owns cars with industry-leading digital marketing, software, financial, wholesale and e-commerce solutions for consumers, dealers, manufacturers and the overall automotive ecosystem worldwide. Committed to open choice and dedicated to strong partnerships, the Cox Automotive family includes Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, vAuto®, Xtime® and a host of other brands. The global company has nearly 33,000 team members in more than 200 locations and is partner to more than 40,000 auto dealers, as well as most major automobile manufacturers, while engaging U.S. consumer car buyers with the most recognized media brands in the industry. Cox Automotive is a subsidiary of Cox Enterprises Inc., an Atlanta-based company with revenues of $18 billion and approximately 60,000 employees. Cox Enterprises' other major operating subsidiaries include Cox Communications and Cox Media Group. For more information about Cox Automotive, visit www.coxautoinc.com.

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