KELLEY BLUE BOOK'S KBB.COM ANNOUNCES WINNERS OF 2008 BEST RESALE VALUE
AWARDS
IRVINE, Calif., November 29, 2006 - Kelley Blue Book (www.kbb.com),
the leading provider of new and used vehicle information, announces the
2008 model year winners of its annual Best Resale Value Awards. Since
depreciation (or loss of value) is typically a consumers' biggest
expense during the first five years of vehicle ownership, these awards,
like all of kbb.com's information services, are designed to help
consumers make more informed car-buying decisions.
The following awards recognize automakers' outstanding achievements
in design, engineering and production. They are based on projections by
Kelley Blue Book's expert staff of market analysts encapsulated in the
Kelley Blue Book Residual Value Guide. These prestigious awards
honor vehicles expected to maintain the greatest proportion of their
retail price after five years of ownership. Low-volume vehicles and
vehicles with a Manufacturer's Suggested Retail Price of more than
$60,000 are excluded from awards consideration.
| 2008 BEST RESALE VALUE: BRAND |
| Honda and Acura (tie) |
| 2008 BEST RESALE VALUE: BY VEHICLE CATEGORY |
| SEDAN: Acura TSX |
LUXURY: BMW 5 Series |
| COUPE: Honda Civic |
PICKUP: Toyota Tacoma |
| CONVERTIBLE: MINI Cooper |
SPORT UTILITY: Acura MDX |
| WAGON: Volkswagen Passat |
VAN / MINIVAN: Honda Odyssey |
| HATCHBACK: MINI Cooper |
HYBRID: Toyota Prius |
| 2008 BEST RESALE VALUE: TOP 10 MODELS (in
alphabetical order) |
| Acura TSX |
Pontiac Solstice |
| BMW 5 Series |
Scion tC |
| Honda Civic |
Toyota Prius |
| Lexus IS |
Volkswagen GTI |
| MINI Cooper |
Volkswagen Eos |
(All values based on the November/December 2006
Kelley Blue BookŪ Residual Value Guide).
While most car buyers today consider sticker price one of the most
significant numbers when choosing a new vehicle, the editors at Kelley
Blue Book's kbb.com recommend that shoppers consider a number they won't
find today on any window sticker, its resale value. Depreciation often
is the greatest expense incurred by drivers during the first five years
of vehicle ownership. An average vehicle will only retain about 35
percent of its original value after a five-year ownership period,
meaning that a $20,000 new car today will only be worth somewhere close
to $7,000 after five years. Vehicles with average or below-average
resale values are generally plentiful in the marketplace and easy to
find, such as models often found in rental fleets. But certain vehicles
are projected to hold their value better than others. Vehicles that
maintain their value best generate consumer enthusiasm. Frequently they
are in limited supply and high demand.
Vehicle shoppers can take several factors into consideration when
buying a car to determine a vehicle's future value. Certain features
available on new cars today will be desirable by a majority of used-car
buyers three or five years down the road, and these features will help
the vehicle maintain more of its original value. In-market shoppers
should consider the following options in their next new vehicle to help
better retain its value. First, choose a popular exterior color, such as
black, white or silver. Then select equipment that many buyers want.
Included on this list are: antilock brakes (ABS), alloy wheels, CD
player/CD changer, parking sensors, navigation system, sensing cruise
control and leather-covered seats. At the same time, avoid less popular
colors and go easy on customization.
"Vehicles that are painted in odd colors and vehicles that have been
overly personalized will be desired by a smaller group of people down
the road," said Jack R. Nerad, executive editorial director and
executive market analyst with Kelley Blue Book's kbb.com. "That will
negatively affect their resale value."
While the company's Residual Value Guide has been published
since 1981, Kelley Blue Book established its annual Best Resale Value
Awards in 2003. Kelley Blue Book's residual values are projections based
on current vehicle data, market conditions for each vehicle, competition
in segment, expectations of the future economy and the combined
experience of Kelley Blue Book's team of market and pricing analysts.
Values reflect projected future wholesale pricing for clean,
reconditioned vehicles at the end of a five-year lease period. Kelley
Blue Book's residual values are used by banks, financial institutions,
governmental agencies and the automotive leasing industry.