Congratulations, Toyota, on Edmunds.com’s 2016 Best Retained Value Award! Per Media Post:
Toyota won more model-level categories than any other automaker with a total of five awards, followed by Honda, Lexus and Mercedes-Benz, with three each. Toyota stood out as the winning non-luxury brand for the second year in a row with a projected 53.8 average percent residual value after five years.
Edmunds.com’s Best Retained Value® Awards are part of our continuing efforts to highlight vehicle value for consumers. The awards recognize the brands and models that have the highest projected private party residual value five years after their launch, expressed as a percentage of their average True Market Value® (TMV®). We assume 15,000 miles driven per year.
For 2016, Toyota won in the non-luxury division with a projected 53.8 percent residual value after five years, and Acura won the luxury crown with a projected five-year residual value of 47.6 percent. In addition to these brand-level awards, Edmunds.com issued model-level awards in 24 separate segments.
A reliable assessment of a vehicle’s resale value can be a critical piece of information for car buyers. Smart car shoppers will choose vehicles with high retained value so they can maximize their worth at trade-in or sale. And for consumers who lease, selecting cars with strong resale value is just as important: Resale value is a key factor in determining the monthly lease payment.