Kelley Blue Book, the leading provider of new and used car information, recently announced the winners of its 2013 Best Resale Value Awards featuring the 10 best deals on currently available cars.
Automotive experts at KBB considered which vehicles they believed would hold their value the best, while at the same time taking into account current incentives being offered on the vehicles.
Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book, said that many auto owners are not aware that depreciation, or a car's loss of value over time, is usually their primary expense when owning a car. That is why KBB decided to release the list, considering how important resale value is when choosing which new car to buy.
"With great deals offered on many vehicles at the end of the year, new-car shoppers can take advantage by checking out some of the lucrative offers available right now on class-leading popular models that Kelley Blue Book projects will hold their value best over time," Gutierrez added.
Cars featured on KBB's Best Car Deals of the Month include the 2013 Honda Accord LX Sedan, Toyota Tacoma Double Cab PreRunner, Chevrolet Volt, Jeep Wrangler Sport 2-door and Lexus GS 350. Potential and current car owners are encouraged to preserve their car's resale value by installing Husky Liners® car floor mats.
Prior to releasing their latest list, KBB named the top brands with the best resale value. Experts named Toyota's lineup of 2013 model-year cars as the Best Resale Value: Brand as they are expected to retain the largest amount of its original value after the initial five years of ownership. KBB also named Lexus the Best Resale Value: Luxury Brand. Both Toyota and Lexus have won these awards for three of the last four years.
"After the past two tumultuous years, Toyota bounced back in 2012 to prove it hadn't lost its competitive spirit," said Eric Ibara, director of residual consulting for Kelley Blue Book. "Enduring some of its darkest days in the U.S. market after unintended acceleration issues caused a massive worldwide recall of Toyota models, the brand managed to retain residual value levels consistent with its historical averages. If the recall wasn't enough, the 2011 tsunami in Japan resulted in severe disruptions in supply."
Ibara added that Toyota was able to bounce back and was named the Best Resale Value: Brand for the second consecutive year.