Subaru, Acura lead KBB’s 5-Year Cost to Own Awards
Kelley Blue Book released its 5-Year Cost to Own awards on Wednesday, and taking the top spots were brands that are no strangers to this list.
Subaru earned the brand-level award for the second time in three years, while Acura received the top luxury mark for the second straight year.
KBB based the awards on its 5-Year Cost to Own data on 2017 model-year vehicles, taking into account depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs and state fees.
Segment and overall winners are based on lowest projected costs.
“New-car shoppers typically give more consideration to the cost of a car upfront, but sometimes other factors, such as depreciation, maintenance and fuel costs, can significantly increase total ownership costs,” Mike Sadowski, vice president of operations and general manager for Kelley Blue Book, said in a news release.
“Kelley Blue Book’s 5-Year Cost to Own information evaluates the other out-of-pocket expenses drivers will incur beyond the initial purchase price, which can help consumers shop new-car smart and save money down the road by choosing the vehicle that best fits their needs and their long-term budget,” he said.
The complete run-down of winners is as follows:
Overall Winners
2017 KELLEY BLUE BOOK 5-YEAR COST TO OWN AWARD: BRAND — SUBARU
2017 KELLEY BLUE BOOK 5-YEAR COST TO OWN AWARD: LUXURY BRAND — ACURA
Vehicle Category Winners
SUBCOMPACT CAR: Chevrolet Spark
COMPACT CAR: Toyota Corolla
SPORTY COMPACT CAR: Ford Fiesta ST
MID-SIZE CAR: Honda Accord
FULL-SIZE CAR: Chevrolet Impala
ENTRY-LEVEL LUXURY CAR: Buick Verano
LUXURY CAR: Lexus GS
HIGH-END LUXURY CAR: Lexus LS 460/460L
SPORTS CAR: Toyota 86
HYBRID/ALTERNATIVE ENERGY CAR: Toyota Prius
ELECTRIC VEHICLE: Toyota Prius Prime
SUBCOMPACT SUV/CROSSOVER: Honda HR-V
COMPACT SUV/CROSSOVER: Subaru Crosstrek
MID-SIZE SUV/CROSSOVER: Jeep Wrangler Unlimited
FULL-SIZE SUV/CROSSOVER: Chevrolet Tahoe
LUXURY COMPACT SUV/CROSSOVER: Buick Encore
LUXURY MID-SIZE SUV/CROSSOVER: Infiniti QX60
LUXURY FULL-SIZE SUV/CROSSOVER: Infiniti QX80
MID-SIZE PICKUP TRUCK: Chevrolet Colorado Extended Cab
FULL-SIZE PICKUP TRUCK: Chevrolet Silverado 1500 Regular Cab
MINIVAN: Dodge Grand Caravan
KBB notes that projected ownership costs on 2017 model-year vehicles are based on average KBB 5-Year Cost to Own data for the initial five-year ownership time frame.