Kelley Blue Book News
2013 Honda Accord, Civic, Fit & CR-V Receive "Best Resale Value" Honors from Kelley Blue Book's KBB.com
American Honda Motor Co., Inc. received 6 Best Resale Value Awards from trusted vehicle valuation source Kelley Blue Book Official Kelley Blue Book New Car and Used Car Prices and Values. The all-new 2013 Honda Accord, the restyled 2013 Honda Civic and Civic Si, as well as the 2013 Honda Fit each earned awards in their respective segments for projected resale value after 5 years of ownership. Additionally, the 2013 Honda Civic and 2013 Honda CR-V were both honored as 2 of the overall Top 10 Best Resale Value vehicles in America this year.
2013 Honda Vehicles Honored with Kelley Blue Book Best Resale Value Awards"Honda vehicles are engineered to provide a fun-to-drive experience as well as overall value for the money," said Michael Accavitti, vice president of national marketing operations at American Honda. "With a continued focus on quality, fuel-efficiency and premium content, we have always believed that a Honda provides every buyer with added value, and we are honored to be recognized for our efforts by valuation leader Kelley Blue Book."
Kelley Blue Book's Best Resale Value Awards are based on projections from the Kelley Blue Book® Official Residual Value Guide, determined by a skilled staff of automotive analysts. These prestigious awards honor vehicles expected to maintain the greatest proportion of their original Manufacturer's Suggested Retail Price (MSRP) after 5 years of ownership. Since depreciation (or loss of value) is typically a car buyer's primary expense during ownership, these awards are designed to help consumers make more informed car-buying decisions.
"Honda's dominance in multiple car segments is evidenced by its class-leading wins in 4 segments," said Eric Ibara, director of residual consulting, Kelley Blue Book. "Based on our projections, no other car in the mid-size car segment can beat the 2013 Accord when it comes to resale value. 2013 Honda vehicles also took top honors in several very hotly contested segments, and they're not flukes. With many repeat winners and perennial favorites, the Honda brand continues to produce quality vehicles that return value to their owners, both during the ownership period and upon resale."
Kelley Blue Book established its annual Best Resale Value Awards in 2003. The company reports projections based on current vehicle data, relevant auction transactions, sales data, market conditions for each vehicle, competition within vehicle segments, expectations of the future economy and the combined experience of Kelley Blue Book's residual analysts. Residual values reflect projected future auction values for vehicles in average condition with 75,000 miles at the end of a 5-year lease or ownership period.
For more information about Kelley Blue Book's Best Resale Value Awards, please visit Kelley Blue Book.
Connect with Honda: Media Newsroom (for journalists): Honda Media Newsroom Future Vehicles (for consumers): Honda Cars - New and Certified Used Cars from American Honda Facebook: https://www.facebook.com/Honda YouTube: The Honda Channel - YouTube Flickr: Flickr: Honda News' Photostream Twitter: Honda (Honda) on Twitter Pinterest: Honda (honda) on Pinterest On Google+: https://plus.google.com/+Honda
SOURCE American Honda Motor Co., Inc.
1 brand from each of the Detroit automakers today were announced as winners of Kelley Blue Book’s 2013 Brand Image Awards.
The awards, based on an entire year’s worth of consumer perception data from the company’s “Brand Watch” study, honor the automotive brands that have most successfully captured positive consumer attention.
For the Detroit 3, Chrysler was named the 2013 “Most Refined Brand”; Ford Motors Co.'s namesake brand was awarded “Best Car Styling Brand;” and General Motors Co.’s Buick brand was named “Best Value Luxury Brand.”
“With standout vehicle lineups and positive consumer perception confirmed by empirical study, the winners of Kelley Blue Book’s 2013 Brand Image Awards have secured enviable positions in the minds of car buyers,” said Jack R. Nerad, executive editorial director and executive market analyst for Kelley Blue Book’s KBB.com, in a statement.
Overall, the Honda brand took 3 of the 13 top honors, which are based an online brand and model perception tracking study tapping into more than 12,000 in-market new-vehicle shoppers annually on KBB.com
Honda was named the “Best Overall Brand” by non-luxury shoppers, “Most Trusted Brand” for the 2nd year in a row and the “Best Value Brand” for the 3rd consecutive year.
According to officials, Honda receiving consecutive awards in key categories like underscores “that the positive attributes of the Honda brand continue to resonate with the new-car buying public.”
“We admire the refined and reliable vehicles, but also the manner in which Honda promotes itself,” according to KBB. “You do too, apparently.”
Porsche was the only other auto brand to grab more than 1 award, winning "Best Performance" and "Car Styling" for luxury brands. Other award winners and some comments from KBB included:
2013 Porsche - Best Performance Luxury Brand
KBB.com Announces 2014 5 Year Cost to Own Award winners
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 Official Kelley Blue Book New Car and Used Car Prices and Values, 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 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 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 Kelley Blue Book.
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