Toyota is the Best Resale Value brand for 2013, Kelly Blue Book says

Article by Christian Andrei, on November 27, 2012

Toyota is still king when it comes to strong resale value. Kelly Blue Book gave the title of Best Resale Value to Toyota the 2013 model year while Lexus, the luxury division of Toyota, earned the top spot in the luxury category. This is the second straight year that the two brands won.

These awards, which are included in KBB’s 2013 Residual Analysis Report, are the brands that are expected to keep their value the best after being owned for five years. Both brands also received the awards in 2010.

Eric Ibara, director of residual consulting for Kelley Blue Book, said that the past two years for Toyota were difficult but it has recovered and never lost its “competitive spirit.”

Ibara added that even as Toyota struggled from a massive recall due to unintended acceleration issues and the supply interruption from the natural disaster in 2011, the brand was able to keep residual value levels consistent with its historical averages.

Toyota was able to get back the market share lost to rivals during this period. He added that this is why Toyota’s accomplishment to remain Best Resale Value:

Brand for two consecutive years is even more impressive. KKB said that Toyota’s resale value rose by 3% since the previous year due to the FJ Cruiser and Tacoma, as well an an 8% climb for the Avalon. The FJ has the best resale value of any vehicle, being rated at 63% of its original value after five years. Tacoma takes second place at 57%.

 “We are thrilled that KBB.com has selected Toyota for its Best Resale Value Brand award, and we appreciate Kelley Blue Book’s efforts to help increase consumer awareness as to the importance of resale value when purchasing a car“, said Bill Fay, Group Vice President and General Manager of Toyota division.

Topics: toyota

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Each time that Mini launches a new generation of the Countryman crossover, a John Cooper Works performance version is always expected to follow. When Mini unveiled the next-gen 2017 Mini...
by - January 18, 2017
Ford Mustang customers won’t be able to specify the V6 powerplant for the latest iteration of the carmaker’s pony car. This comes as the new 2018 Ford Mustang is saying...
by - January 18, 2017
The man sitting at the top of the performance division of Mercedes-Benz – Tobias Moers – cryptically indicated that the Mercedes-AMG GT4 could be really coming. Moers, chief executive of...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries