Lexus Named Top Luxury Brand in Kelley Blue Book 2014 Residual Value Awards


Lexus LS Kelley Blue Book

For the third year in a row, Lexus was named the top luxury brand in Kelley Blue Book’s 2014 Best Resale Value Awards.

Along with the overall brand award, six Lexus vehicles also won Best Resale Value in their respective categories:

  • Entry-Level Luxury: 2014 Lexus ES 350
  • High-End Luxury Car: 2014 Lexus LS 460
  • Hybrid/Alternative Energy Car: 2014 Lexus ES 300h
  • Luxury Mid-Size SUV/Crossover: 2014 Lexus GX 460
  • Luxury Full-Size SUV/Crossover: 2014 Lexus LX 570
  • Hybrid SUV/Crossover: 2014 Lexus RX 450h

Kelley Blue Book projects resale value based on a formula using the current vehicle data, auctions, sales data, market conditions, and the vehicle’s competition — these calculated residual values are then used by manufacturers, banks, financial institutions and the automotive leasing industry.

[Source: Lexus USA]

Comments


  • Carson

    I see the ES300h won for best hybrid/alternative. Anyone know what the resale figures look like for Tesla?

  • Joshd

    No love for the GS :(

  • Mike DeLorca

    Wow what a feat of to accomplish with LEXUS….. almost the entire line-up is winning on this list.

  • BlackDynamiteOnline

    They just started selling within the last year. Who is reselling one?
    BD

  • Carson

    Yeah. Too soon to tell I suppose. One of the main draw backs to electric vehicles up to now has been the perceived risk at resale time. With battery technology evolving rapidly, the car you buy today could be close to obsolete in 5 years time. That will be a challenge for Tesla.

  • RAL

    We need to keep an eye on Tesla . . . the Model X is coming.

  • Tragic Bronson

    http://www.edmunds.com/lexus/gs-350/2013/long-term-road-test/2013-lexus-gs-350-inspected-and-sold.html

    “Back in 2012, we paid $58,377 for the Lexus (plus tax and title). It
    depreciated about 30 percent. For reference, average car depreciation is
    about 22 percent. This deeper drop was fairly disappointing, given that
    Lexus vehicles have a reputation for good resale value. But as it
    turned out, all the options that made our GS fun to drive and gave us
    stuff to write about had little value in the resale market.”