Auto Show: 2012 La Auto Show
2013 KBB Best Resale Value Awards: LA Auto Show
- Kelley Blue Book names cars with best resale value.
- It's good news for Toyota and Lexus.
- Especially the 2013 Toyota FJ Cruiser.
A KBB Best Resale Value Award is a good thing to have. Kelley Blue Book is the definitive source for used car values, and the number crunchers there have just finished determining which 2013 new cars are likely to retain more value over time. The winners in each category received Best Resale Value Awards, and the results help car buyers make better-informed decisions--when purchasing a car now and selling it in the future.
KBB has taken factors like market conditions, segment competition and economic expectations into account, with values assessed over the first five years of a vehicle's life. The awards are separated into Best Brands, Overall Top Ten and Category Winners.
The former wins best mainstream brand, thanks to what KBB calls "an unyielding commitment to quality, safety and value." The latter takes home the prize for best luxury brand. KBB describes the Lexus dealer experience as "part of the appeal, regularly cited as the best in the business and a key reason for second, third and fourth Lexus purchases."
Heading the Top Ten is the 2013 Toyota FJ Cruiser, predicted to offer a higher percentage of resale value over five years than any other 2013 model. Second is the 2013 Toyota Tacoma midsize pickup; the 2013 Jeep Wrangler comes third.
The 2013 Ford Fusion Hybrid is recognized as the Best Hybrid/Alternative Energy car.
Winners in the crossover/SUV categories were: 2013 Jeep Wrangler for best compact, 2013 Toyota FJ Cruiser for best midsize and 2013 Toyota Sequoia for best full-size.
Pickup trucks are represented by the 2013 Toyota Tacoma (best midsize) and the 2013 Toyota Tundra (best full-size).
According to KBB, the average vehicle retains 38.2 percent of its original cost after five years. So if you paid $50,000 for a new car in 2013, it would be worth just $19,100 in 2018. Toyota's 2013 models beat those odds, retaining an estimated 44 percent of their value over the same period; 2013 Lexus vehicles should retain 43.7 percent.
This industry average has improved over last year's 35.5 percent. Eric Ibarra, KBB's director of residual consulting, attributes this to "basically better vehicles." Looks like competition could be even tougher at the 2014 KBB Best Resale Value Awards.