- Lexus Named Top Luxury Brand in Kelley Blue Book’s 2014 5-Year Cost to Own Awards
- Lowest Depreciation Costs and Strong Residual Values Contribute to Ownership Cost
TORRANCE, Calif., (Feb. 5, 2014) – Lexus owners have more to be happy about since the marque earned top honors in the Luxury Brand category of Kelley Blue Book’s 2014 5-Year Cost to Own Awards. This is the second year in a row Lexus has been named the luxury brand with the lowest projected ownership costs during the first five years.Depreciation is a major factor contributing to ownership cost; however Lexus vehicles have the lowest depreciation cost of any eligible luxury brand thanks to strong residual values across the full model line-up.
Lexus also ranks lowest in repairs and is among the lowest in fuel and insurance costs.
Key models contributing to Lexus’ strong performance include the ES and IS sedans, and RX luxury utility vehicle. Kelley Blue Book named the LS flagship sedan the top High-End Luxury Car while the RX took the Hybrid SUV/Crossover category.
The distinction of having the lowest projected 5-Year Cost to Own is another advantage on top of the already excellent ownership experience and impressive customer service.
For more information about the 2014 5-Year Cost to Own Award winners, please visit http://www.kbb.com/new-cars/5-year-cost-to-own-awards/.
Lexus launched in 1989 with two luxury sedans and a commitment to pursue perfection. Since that time, Lexus has expanded its line-up to meet the needs of global luxury customers. Lexus is now going beyond its reputation for high quality vehicles with the integration of innovative technology, emotional exterior and interior designs, and engaging driving dynamics and performance. With five models incorporating Lexus Hybrid Drive, Lexus is the luxury hybrid leader. Lexus also offers six F SPORT models and two F models, including the LFA supercar, for top-of-the-line performance. In the United States, Lexus vehicles are sold through 233 dealers who are committed to exemplary customer service.