Resale value is a common concern of car buyers, especially with the economy in it's current state. Accordingly, car buyers might be interested to know that Kelley Blue Book's 2010 Residual Value Study has given the Lexus brand its Best Resale Value Award for luxury brands.
Read the full press release below for more information.
KELLEY BLUE BOOK RELEASES 2010 RESIDUAL VALUE ANALYSIS
Toyota and Lexus Claim Top Honors for 2010 Models, U.S. Brands Improve Resale Values
IRVINE, Calif., December 2, 2009 - Kelley Blue Book, the leading provider of vehicle values and forecasts, today announces the 2010 model-year vehicles projected to retain the greatest amount of their original retail prices after five years of ownership. Kelley Blue Book's residual values are a reflection of current vehicle data, market conditions for each vehicle, competition in each segment, expectations of the future economy and the combined experience of Kelley Blue Book's team of statisticians, economists and pricing analysts.
Using information gained from Kelley Blue Book's analytical and predictive models for both new- and used-vehicle values and its economic forecasts, the company determined one overall brand and one luxury brand as having the best projected overall resale value across their respective 2010 fleets, named resale value leaders in 16 major vehicle segments, and honored the top 10 overall residual value leaders for 2010.
2010 BEST RESALE VALUE: BRAND
Toyota
2010 BEST RESALE VALUE: LUXURY BRAND
Lexus
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