February 5, 2014
Lexus best amongst luxury brands while Mazda takes home award for volume brands
Kelley Blue Book has announced the winners of their “5-Year Cost-To-Own” awards for 2014. The awards are given to brands and models expected to have the least projected cost to own over a five-year period, based on financing costs, insurance costs, anticipated costs of fuel, scheduled maintenance and repairs. Purchase price and depreciation are also factored in.
For 2014, Mazda garners the least projected costs of non-luxury brands while Lexus is awarded the same for luxury vehicles. KBB has also given awards for all major automotive categories, which can be seen in the list below.
|SUBCOMPACT CAR: Chevrolet Spark||COMPACT SUV/CROSSOVER: Jeep Patriot|
|COMPACT CAR: Toyota Corolla||MID-SIZE SUV/CROSSOVER: Mitsubishi Outlander|
|SPORTY COMPACT CAR: Hyundai Veloster Turbo||FULL-SIZE SUV/CROSSOVER: Ford Explorer|
|MID-SIZE CAR: Honda Accord||LUXURY COMPACT SUV/CROSSOVER: Buick Encore|
|FULL-SIZE CAR: Chevrolet Impala||LUXURY MID-SIZE SUV/CROSSOVER: Lincoln MKX|
|ENTRY-LEVEL LUXURY CAR: Buick Verano||LUXURY FULL-SIZE SUV/CROSSOVER: Buick Enclave|
|LUXURY CAR: Audi A5||MID-SIZE PICKUP TRUCK: Toyota Tacoma Regular Cab|
|HIGH-END LUXURY CAR: Lexus LS||FULL-SIZE PICKUP TRUCK: GMC Sierra 1500 Regular Cab|
|SPORTS CAR: Ford Mustang||MINIVAN/VAN: Dodge Grand Caravan Passenger|
|HIGH-PERFORMANCE CAR: Chevrolet Camaro SS/ZL1||HYBRID SUV/CROSSOVER: Lexus RX|
|HYBRID/ALTERNATIVE ENERGY CAR: Toyota Prius c|
|PLUG-IN VEHICLE: Chevrolet Spark EV|