KBB recognizes Hyundai, Acura for lowest projected ownership costs

The 2018 Hyundai Sonata, this year's 5-Year Cost to Own Award winning model in the mid-size car category. Photo courtesy of Hyundai.
IRVINE, Calif. - 

Kelley Blue Book announced Wednesday both brand and category winners of its 5-Year Cost to Own Awards, which recognize Hyundai as the top brand to offer new vehicles with the lowest projected ownership costs.

This is the second year that Hyundai has received KBB’s 5-Year Cost to Own brand award.

KBB said that the Hyundai brand’s key advantages include a superior warranty program and low repair costs across its models.

The Hyundai Sonata placed top in the mid-size car category, and both the Hyundai Elantra and Accent placed second among cars in the compact car and subcompact car categories, respectively.

“Kelley Blue Book exists to help consumers make the best possible decision during the car shopping journey and throughout vehicle ownership,” KBB general manager Mike Sadowski said in a news release. “Our 5-Year Cost to Own information breaks down typical ownership costs, so shoppers can evaluate the out-of-pocket expenses they will incur beyond the initial purchase price. Having this information at their fingertips, consumers could save money down the road by choosing a vehicle that best fits their needs and their long-term budget.”

Projected ownership costs are based on KBB data for the initial five-year ownership period. KBB said that it examines vehicles’ depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs and state fees.

For the third consecutive year, Acura has been named the top 5-Year Cost to Own luxury brand this year.

In addition to an affordable price, Acura provides drivers with luxury models without expensive maintenance, said KBB.

This year’s 5-Year Cost to Own Award category winners include the 22 models listed below:

SUBCOMPACT CAR:  Chevrolet Spark

  ELECTRIC VEHICLE:  Nissan LEAF

COMPACT CAR:  Toyota Corolla iM

  SUBCOMPACT SUV/CROSSOVER:  Honda HR-V

SPORTY COMPACT CAR:  Honda Civic Si

  COMPACT SUV/CROSSOVER:  Subaru Crosstrek

MID-SIZE CAR:  Hyundai Sonata

  MID-SIZE SUV/CROSSOVER:  Jeep Wrangler Unlimited

FULL-SIZE CAR:  Chevrolet Impala

  FULL-SIZE SUV/CROSSOVER:  Chevrolet Tahoe

ENTRY-LEVEL LUXURY CAR:  Acura ILX

  LUXURY COMPACT SUV/CROSSOVER:  Buick Encore

LUXURY CAR:  Lexus GS

  LUXURY MID-SIZE SUV/CROSSOVER:  Infiniti QX60

HIGH-END LUXURY CAR:  Porsche Panamera 

  LUXURY FULL-SIZE SUV/CROSSOVER:  Infiniti QX80

SPORTS CAR:  Chevrolet Camaro

  MID-SIZE PICKUP TRUCK:  Toyota Tacoma

HIGH PERFORMANCE CAR:  Dodge Challenger SRT

HYBRID/ALTERNATIVE ENERGY CAR:  Toyota Prius c

 

  FULL-SIZE PICKUP TRUCK:  Ford F-150

  MINIVAN:  Honda Odyssey 

 

For KBB information regarding the cost of each category winner, click here.

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