KBB Reports Luxury Automakers With Lowest Total Cost of Ownership
IRVINE, CA – Kelley Blue Book (KBB) reported the top three luxury brands with the lowest retail total cost of ownership for an initial five-year ownership period. Based on Kelley Blue Book’s findings, Audi, Lexus, and Cadillac took the top three spots for luxury brands.
KBB said Audi and Lexus have the lowest depreciation and best fuel economy among luxury brands. KBB also cited lower MSRP compared to other luxury brands for Audi, Lexus, and Cadillac (fleet incentives are not taken into account).
“The average vehicle typically maintains about 30 percent of its original MSRP after five years of ownership, whereas a handful of vehicles maintain more than 45 percent after the same time period," said Eric Ibara, director of residual value consulting for Kelley Blue Book. "The new Total Cost of Ownership data on kbb.com is based on Kelley Blue Book Residual Values, which are used by banks and manufacturers nationwide."
You can read more about KBB's findings here.