Kelly Blue Book has just released an all new set of awards called the Total Cost of Ownership Awards for current model-year vehicles and brands.
The awards are based on the initial five years of ownership costs, and go to those brands and models with the lowest figures. Costs included are finance and insurance fees, maintenance and repair costs, expected fuel costs, depreciation and state fees.
Kia and Audi topped the list with the lowest cost of ownership for the brand and luxury brand categories, respectively. Notable wins include Audi, receiving recognition for fuel economy and low depreciation, while Kia got noticed for its improvement in quality. The Chevy Volt managed to beat out the Nissan Leaf in the Electric car category, while the Nissan Versa just edged out the Hyundai Accent and Toyota Yaris for supcompacts. Honda competed against itself in the hybrid category, with the Insight beating the Civic Hybrid and the CR-Z.
All of the category winners are as follows:
2012 TOTAL COST OF OWNERSHIP: BRAND
2012 TOTAL COST OF OWNERSHIP: LUXURY BRAND
2012 TOTAL COST OF OWNERSHIP: BY VEHICLE CATEGORY
Hyundai Santa Fe
Lexus RX 350
MID-SIZE SPORT UTILITY:
ENTRY-LEVEL LUXURY CAR:
FULL-SIZE SPORT UTILITY:
LUXURY SPORT UTILITY:
HIGH-END LUXURY CAR:
Lexus LS 460
Mazda MX-5 Miata
MID-SIZE PICKUP TRUCK:
Toyota Tacoma Regular Cab
Lexus IS F
FULL-SIZE PICKUP TRUCK:
Chevrolet Silverado 1500 Regular Cab
– By: Alexandra Koken