KBB hands out inaugural Total Cost of Ownership awards to Kia, Audi
has taken home the first ever Kelley Blue Book award for Total Cost of Ownership among consumer brands. As you might expect, the award goes to brands and vehicles with the lowest projected ownership costs. KBB examines depreciation, fuel costs, fees associated with finance and insurance, maintenance costs and state fees. Both the sedan and CUV helped Kia cinch the win this award’s inaugural year.
Kelley Blue Book also examined the cost of ownership among luxury brands, and took the top nod in this category. KBB specifically pointed to the German automaker’s low depreciation and good average fuel economy as reasons for the brand’s win. The , and all helped the automaker in the total cost of ownership evaluation.
The award is also broken up by individual vehicle categories, and there were some surprises among the winners. The took the Hybrid Car award while the nabbed the Electric Car win. We would have expected to see the and take those categories, respectively. for the full press release that reveals individual winners in each model category.
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