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]