Edmunds: Acura, Toyota hold value best after 5 years
When it comes to holding their values, Acura and Toyota have earned top billing yet again.
The two brands won the luxury and mainstream categories, respectively, in the Edmunds.com Best Retained Value Awards, which the firm released on Thursday.
The awards are based on the 2016 model-year vehicles with the highest projected residual values after five years. Acura has won the top luxury spot for five years in a row, and Toyota has taken home top non-luxury honors two years in a row.
Toyota vehicles were projected to hold onto 53.8 percent of their value after five years, with Acura maintaining 47.6 percent.
There are also 24 segment-level category winners, of which Toyota won five. Honda, Lexus and Mercedes-Benz each won three.
“It’s no secret that a new car starts depreciating the moment that you drive it off the lot, but car shoppers owe it to themselves to understand exactly how much they can expect their cars to depreciate over time,” Edmunds.com consumer advice editor Carroll Lachnit said in a news release.
“If shoppers are deciding between competing models, we advise them to see if any of the cars on their list earned a Best Retained Value Award. This one simple step could bring them more money down the road when it’s finally time to trade in or sell the car,” Lachnit said.
A full list of winnners can be found here: www.edmunds.com/car-reviews/best-retained-value-cars.html.