2019 Best Resale Value Awards
About the Best Resale Value Awards
Depreciation is one of the biggest expenses when it comes to vehicle ownership. When you're shopping for that new ride, a bit of knowledge can go a long way to getting a good deal that extends beyond just getting a fair price or a low interest rate. That great deal may not look so hot a year or two later if your vehicle isn't retaining its value. As a result, we've drawn on our expertise to develop our annual Best Resale Value Awards. You can use these awards as a guide to smart shopping.
With rising average transaction prices topping $35,000, resale value is more important than ever when buying or leasing a new vehicle. Whether you buy a vehicle and keep it for a long time or are in a short-term lease, what your vehicle is worth at the end of your experience impacts your total ownership cost. During the first five years of new-vehicle ownership, depreciation costs more than fuel, maintenance and insurance combined. Finding the right vehicle with high retained value is the secret to saving money in the long run.
Kelley Blue Book's experience in establishing used vehicle valuation for more than 90 years is key to establishing our Best Resale Value Awards. Using the latest research and analysis, our values are based on current vehicle specification and trim levels, sales data, market conditions, competition within individual segments, future economic factors and the combined experience of our team of market and pricing analysts. This wealth of information can inform your car buying decision, and it's yours at no cost.
Kelley Blue Book has an established track record of accurate projections of resale values, which is why they are used by financial institutions, dealers and private parties in establishing used-vehicle market pricing. The Best Resale Value Awards are designed to recognize outstanding products and brands that are leaders in retaining their value over the first 60 months of new-vehicle ownership.
The awards are divided in three categories listed below.
Awards for Best Brand and Best Luxury Brand are given for overall resale-value performance on a make's combined portfolio. Winners of Best Brands have a range of vehicles that do well in retaining value across the lineup. One of the keys to that retained value is matching production to demand, which in turn may not lead to the biggest discounts, but have a built-in advantage of having less depreciation, which in turn, saves you money down the road. Vehicles from brands earning the Best Resale Value Award from Kelley Blue Book tend to perform well in the used-vehicle market.
The Best Resale Value Awards also recognizes 10 individual vehicles projected to retain the highest percentage of their original MSRP. This special recognition is given to vehicles that retain their value better than 95 percent of the new vehicles offered this year. Many of these are also winners in specific categories like Mid-Size Trucks, Full-Size Trucks or Off-Road SUVs.
A total of 24 categories receive Best Resale Value Awards with an overall winner and two runners-up. These categories cover every size class, shape and price of vehicles. With the explosion of crossover SUVs, we've added a few categories to cover segments that didn't previously exist, and introduced a new Off-Road category. This wide range of categories for the Kelley Blue Book Best Resale Value Awards provides a comprehensive look at the cream of the crop when it comes to retaining value, whether it's a compact car or a full-size SUV.
And now let's move on to the Best Resale Value Award winners for 2019, starting with the two prestigious Best Brand awards.