For the second year in a row, Toyota and its luxury sibling Lexus take home the top brand prizes
Atlanta—Kelley Blue Book has named the 2022 model-year brand and category winners of the 5-Year Cost to Own Awards. The awards recognize new vehicles with the lowest projected ownership costs over the initial five-year ownership period.
For the second year in a row, Toyota and its luxury sibling Lexus take home the top brand prizes for 5-Year Cost to Own Awards in 2022. Both brands benefited from the strength of several Toyota and Lexus models’ high residual values, which ultimately leads to low vehicle depreciation.”
| 2022 KELLEY BLUE BOOK 5-YEAR COST TO OWN AWARDS: BY VEHICLE CATEGORY | |
| COMPACT CAR: Toyota Corolla | FULL-SIZE SUV: Nissan Armada |
| MIDSIZE CAR: Honda Accord | LUXURY SUBCOMPACT SUV: Lexus UX |
| FULL-SIZE CAR: Toyota Avalon | LUXURY COMPACT SUV: Lexus NX |
| ENTRY-LEVEL LUXURY CAR: Acura ILX | LUXURY MIDSIZE SUV: Lexus RX |
| LUXURY CAR: Volvo S90 | LUXURY MIDSIZE SUV: Acura MDX |
| SPORTS CAR: Subaru BRZ | LUXURY FULL-SIZE SUV: Lexus LX |
| HYBRID VEHICLE: Toyota Corolla Hybrid | OFF-ROAD SUV: Ford Bronco |
| ELECTRIC VEHICLE: Nissan LEAF | MIDSIZE PICKUP TRUCK: Ford Ranger |
| SUBCOMPACT SUV: Hyundai Venue | FULL-SIZE PICKUP TRUCK: Toyota Tundra |
| COMPACT SUV: Subaru Forester | MINIVAN: Toyota Sienna |
| MIDSIZE SUV: Subaru Outback | LUXURY ELECTRIC VEHICLE: Tesla Model 3 |
| MIDSIZE SUV: Subaru Ascent |
| (2022 model-year vehicles’ projected ownership costs are based on the average Kelley Blue Book 5-Year Cost to Own data for the initial five-year ownership period). |
Available for new models on Kelley Blue Book’s KBB.com, 5-Year Cost to Own information takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees.
Kelley Blue Book 5-Year Cost to Own information is developed using Kelley Blue Book Residual Values to calculate depreciation costs. Kelley Blue Book calculates total ownership costs for new vehicles by applying a sophisticated valuation methodology along with critical financial data from third-party providers.
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