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Toyota, GM Dominate Motorist Choice Awards

Hyundai Equus named Popular Luxury Lifestyle Vehicle of the Year.

by on Oct.15, 2015

The Toyota Avalon, one of six Motorist Choice winners for the Toyota and Lexus brands.

Arch-rivals Toyota and General Motors both have reasons to celebrate with the announcement of the annual Motorist Choice Awards. The two makers outranked the rest of the competition in terms of both customer satisfaction and low vehicle operating costs. Together, they landed nearly half of this year’s trophies.

The Motor Choice Awards are a joint project teaming consultancies AutoPacific, Inc., and IntelliChoice. First launched 10 years ago, the awards try to balance touchy-feely customer satisfaction rankings against hard vehicle cost of ownership data.

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Beyond the overall winners, there were 23 separate category choices split up among 13 separate brands and 10 manufacturers. Toyota was the overall winner, with more wins than any other manufacturer, split between its Toyota and Lexus brands. These included the Toyota Avalon HEV, named best Large Car, and the Lexus RX, named best Luxury Crossover.

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Mazda, Lexus Win Kudos for Lowest Cost of Ownership

But GM has most top-ranked models of any manufacturer.

by on Feb.05, 2014

The Lexus LS won its category while the brand was named best luxury brand.

There are any number of ways to measure quality these days, some studies focusing on “things gone wrong” right out of the factory, while others look for products that surprise and delight their owners.  But for many buyers what’s likely to matter most is how much it will actually cost to own and maintain a vehicle until it’s time to trade in.

And by that measure, Mazda and Lexus are the two brands that come out on top in a new study that projects what the typical owner might expect to buy during the first five years.

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“­­New-car shoppers naturally want to know how much a car will cost upfront; however, sometimes an even more expensive car can actually save you money during the first five years of ownership,” said Dan Ingle, vice president of vehicle valuations for Kelley Blue Book, which announced the winners of its latest 5-Year Cost to Own Awards today.

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Cost of Ownership Rises 2%, Now Over $9,100 a Year

Average motorists will spend over 60 cents a mile.

by on Apr.16, 2013

It will cost you more than $9,000 to own and operate the typical sedan this year, says a new AAA study.

Now that you’ve got your taxes done, perhaps it’s time to sit down and work out your automotive budget.  But a quick estimate by AAA suggests you’ll spend an average $9,122 on your car this year – an increase of nearly 2% over 2012.

Costs vary widely, of course, depending upon factors such as what and where you drive, along with the ups-and-downs of fuel prices. But the typical sedan owner who clocks 15,000 miles a year should budget 60.8 cents a mile, according to the latest annual “Your Driving Costs” study from AAA.

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“Many factors go into the cost calculation of owning and operating a vehicle,” said John Nielsen, AAA Director of Automotive Engineering and Repair. “This year, changes in maintenance, fuel and insurance costs resulted in the increase” of about 1.17 cents a mile compared to the 2012 study.

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New Study Names Most Affordable Cars to Own

Kia tops mainstream marques, Audi leads in luxury segment.

by on Feb.08, 2012

Kia was named best mainstream brand in terms of 5-year total ownership costs, with the Soul winning in the Compact segment.

There are plenty of bargain-priced cars, trucks and crossovers, but that doesn’t always mean they add up to a good deal.  Smart shoppers know that there are lots of ways costs can quickly get out of control when you own a car, from insurance to fuel economy to maintenance and repairs.

And that’s why a new study from Kelly Blue Book is focusing on what really matters: the total cost of ownership.  And there, the data-tracking website concludes, Kia is the clear stand-out, as the top brand among all manufacturers when the entire ownership experience is tallied up.  Audi, meanwhile, was the number one luxury brand in terms of total cost of ownership.

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“Car shoppers should take the time to compare vehicles on their consideration lists to fully understand the financial implications involved with cost of ownership,” said Juan Flores, director of vehicle valuation for Kelley Blue Book. “While a vehicle might be less expensive up front, the cost of fuel for that model, insurance and other expenditures could make it the less appealing choice for their wallet in the long run.”

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