Kelley Blue Book names ‘5-Year Cost to Own Award’ winners for 2022

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.