Kelley Blue Book recently announced the winners of its annual Best Resale Value Awards, and Toyota and Lexus came out on top again. Experts from the automotive information company examine the value of vehicles in order to project which will have the lowest depreciation over a five-year ownership period. In addition to a handful of Toyota models, the Honda Fit and Civic as well as the Jeep Wrangler and Chevrolet Volt were also deemed to have the best resale value for their segments.
"The competition for Best Resale Value within many segments has become very heated in the last few years, as major vehicle redesigns and new model introductions have challenged the traditional favorites," said Eric Ibara, director of residual consulting for KBB. "However, for the second year in a row, Toyota and Lexus retain the top Best Resale Value ranking for both non-luxury and luxury brands, based on the average 60-month residual value across all models in each brands' respective lineup."
A total of 12 different Toyota and Lexus models earned Best Resale Value awards, including the Toyota Sequoia and Sienna as well as the Lexus LX and IS. These two brands account for half of the top 10 vehicles in this year's awards.
Drivers looking to trade in their current cars can do so at New Jersey State Auto Auction. The money they get for their current vehicle can easily be put toward the purchase of a used car, truck or SUV. With more than four acres of vehicles, it can be easy for car shoppers to find their next ride. Plus, every model on the lot is CARFAX certified, ensuring motorists will be getting behind the wheel or a reliable car.