We also take into consideration MSRP, invoice, equipment assumptions, as well as supply and demand and other macro- and micro-economic factors and the competitive landscape of vehicles. Power and its PIN data), as well as asking price information from In addition, we have data from various OEMs and wholesalers and retailers of used vehicles that provide us the amounts for which they paid and sold their vehicles. These data points include, but are not limited to, actual wholesale transactions (around 80% of the market with our relationship with NAAA) and retail transactions (through our relationship with J.D. we attempt to value a used vehicle we use a number of data points. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with annual revenues of $21 billion. The global company's more than 27,000 team members and family of brands, including Autotrader ®, Clutch Technologies, ®, Dealertrack ®, Kelley Blue Book ®, Manheim ®, NextGear Capital ®, VinSolutions ®, vAuto ® and Xtime ®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. makes buying, selling, owning and using cars easier for everyone. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. Kelley Blue Book is a Cox Automotive brand.Ībout Cox Automotive Cox Automotive Inc. Car owners looking to sell immediately can also get a redeemable, transaction-ready offer with Kelley Blue Book SM Instant Cash Offer. Each week the company provides market-reflective values on its top-rated website KBB.com, including its famous Blue Book ® Trade-In Values and Kelley Blue Book ® Price Advisor tool, which provides a range for what consumers can reasonably expect to pay for a vehicle in their area. įor more information and news from Kelley Blue Book's KBB.com, visit follow us on LinkedIn at, Twitter at (or like our page on Facebook at and follow us on Instagram at (or Blue Book ( Founded in 1926, Kelley Blue Book, The Trusted Resource ®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Kelley Blue Book calculates total ownership costs for new vehicles by applying a sophisticated valuation methodology along with critical financial data from third-party providers.įor more information from Kelley Blue Book about the 5-Year Cost to Own Awards, visit. Kelley Blue Book 5-Year Cost to Own information is developed using Kelley Blue Book ® Residual Values to calculate depreciation costs. (2021 model-year vehicles' projected ownership costs are based on the average Kelley Blue Book 5-Year Cost to Own data for the initial five-year ownership period). This data allows new-car shoppers to see the big picture of what a new vehicle will cost them over time, helping them to save money by choosing a vehicle that best meets their needs and their long-term budget. Meanwhile Lexus, Toyota's luxury sibling, takes home the award for top 5-Year Cost to Own Luxury Brand, as several Lexus models lead the pack in many vehicle ownership cost categories."Īvailable for new models on Kelley Blue Book's KBB.com, 5-Year Cost to Own information takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees. Toyota's high residual values were the primary contributor toward the brand's low ownership costs, given that high residual values directly correlate to lower vehicle depreciation. "Toyota wins the top 5-Year Cost to Own Brand for 2021, hot on the heels of its award for 2021 Best Resale Value Brand.
"Choosing a car with low ownership costs can help shoppers save a significant amount of money over time – often several hundred and sometimes even thousands of dollars – so it's worthwhile to research the cost to own details of any new car you're considering," said Eric Ibara, director of residual values for Kelley Blue Book. Choosing a car with low ownership costs can help shoppers save a significant amount of money over time
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