Honda and Lexus Rated Best for Resale Value
Honda and Lexus took home the top prizes in Edmunds.com's inaugural Best Retained Value Awards, which recognize the brands and new car models that have the highest projected residual value after five years.
Honda won the 2011 brand award for non-luxury makes, while Lexus took home the award for luxury brands.
Honda's average projected retained value is 50.4%, while Lexus' average projected retained value is 48.1%.
These award winners help shoppers choose a car with high-retained value so they can maximize savings when it comes to trade-in or selling the vehicle down the road.
A high resale value also makes it less expensive to lease the vehicle. Here is the full list of winners:
|*Sedan Under $20,000||2011||Honda||Civic||51.9%|
|*Sedan Under $20,000||2011||Mazda||MAZDA3||51.9%|
|Sedan Over $40K||2011||Lexus||GS 350||45.8%|
|Coupe Under $25,000||2011||MINI||Cooper||54.2%|
|Coupe $35K-$45K||2011||Infiniti||G Coupe||46.6%|
|Coupe Over $45,000||2011||Ford||Shelby GT500||48.1%|
|Convertible Under $35,000||2011||MINI||Cooper||54.4%|
|Convertible $35K-$45K||2011||Lexus||IS 250 C||48.9%|
|Convertible Over $45,000||2011||Chevrolet||Corvette||47.3%|
|SUV Under $25,000||2011||Honda||CR-V||54.4%|
|SUV $35K-$45K||2011||Lexus||RX 350||49.6%|
|SUV Over $45,000||2011||Lexus||GX 460||47.8%|
|Wagon Under $25,000||2011||Scion||xB||49.6%|
|Wagon $25K-$35K||2011||MINI||Cooper Countryman||52.5%|
|Wagon Over $35,000||2011||Audi||A4||45.4%|
|Large Heavy Duty Truck||2011||Ford||F-350 Super Duty||50.2%|
|Large Light Duty Truck||2011||Toyota||Tundra||50.0%|
My Recommendation for Car ShoppersTrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- Gregg Fidan
About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
Latest Weekly Car Buying Tips RSS Feed