PRIMEDIA's (NYSE: PRM) IntelliChoice.com, the online source for automotive ownership cost and value analysis, today announced the results of its "Best Overall Value of the Year" awards for model year 2007. The Toyota Prius, one of four hybrids on the list, is the Best Car Value Under $23,000 for the second consecutive year. It is joined by the Toyota Tacoma 2WD, named Best Overall Truck Value Under $27,000. Overall, Toyota Motor Company comes away with a total of 11 awards, the most of any auto manufacturer.
PRIMEDIA’s (NYSE: PRM) IntelliChoice.com,
the online source for automotive ownership cost and value analysis,
today announced the results of its “Best
Overall Value of the Year” awards for
model year 2007. The Toyota Prius, one of four hybrids on the list, is
the Best Car Value Under $23,000 for the second consecutive year. It is
joined by the Toyota Tacoma 2WD, named Best Overall Truck Value Under
$27,000. Overall, Toyota Motor Company comes away with a total of 11
awards, the most of any auto manufacturer.
Chevrolet was well represented on the list, winning a total of ten
awards followed closely by Lexus, which earned seven awards, including
the ES sedan for Best Car Value Over $23,000 and the RX 350 for Best SUV
Value Over $28,000.
Now in its 21st year, IntelliChoice.com’s
“Best Overall Value of the Year”
awards recognize vehicles whose cost of ownership is significantly lower
than that of peer models. The awards provide a quick reference to
finding vehicles that promise the best return on investment. A listing
of this year’s winners and additional
information on the awards can be found online at www.IntelliChoice.com.
“Toyota continues to prove that value is a
critical ingredient for Toyota’s success with
the American consumer,” said James Bell,
publisher of IntelliChoice.com.
“Toyota also went back to their roots with
the subcompact Yaris, which wins in a category that saw a lot of strong
entries for 2007.”
Winners for 2007
This year, IntelliChoice.com identified thirty-three winning models by
segment and class, plus eight overall category winners. The
eight overall category winners are:
Similar to last year’s awards, hybrid
vehicles continue to score well, with the Prius, Ford Escape, Toyota
Highlander and Honda Civic winning awards within their respective
classes. Rather than focusing solely on sticker price, IntelliChoice.com
uses multiple criteria such as depreciation, maintenance, repairs, fuel
costs and state fees to analyze the value of hybrids. Against these
criteria, buyers can expect a lower cost of ownership in relation to the
price of that vehicle.
Bell added that some observers might wonder about the inclusion of
hybrid vehicles on the same list as the Hummer H3, which makes
IntelliChoice.com’s Best Overall Value list
for the first time.
“Looking at the Hummer H3 tells consumers a
great deal about how the Sports Utility/Crossover market has changed in
the past year,” Bell said. “We
re-segmented our class designations to reflect what we feel is a true
sports-utility vehicle. The H3 is constructed on a truck-based platform
and has real off-road capabilities. In terms of its overall value, the
H3 gets good gas mileage within its class, and Hummer has kept inventory
volume close to demand, which helps the H3 retain its value.”
Further highlights from the list include the Honda Odyssey sweeping the
minivan category for the third consecutive year.
How IntelliChoice.com Determines “Best
Overall Value”
2007 marks IntelliChoice.com’s twenty-first
year publishing ownership cost and value analysis. The Best Overall
Value of the Year (BOVY) awards identify the vehicles that promise the
best return on investment within their classes. The IntelliChoice.com
evaluation process aggregates and analyzes data from auto manufacturers,
the U.S. government, and third-party data resources to determine the
true costs of owning every 2007 vehicle over a five-year ownership
period. For the 2007 BOVY’s,
IntelliChoice.com assigned a value rating to more than 1,700 mainstream
vehicles sold in America. This value rating factors the accumulated
costs of depreciation, maintenance, repairs, fuel, state fees,
financing, and insurance to identify the true standout models in each
class.
About IntelliChoice.com
Part of PRIMEDIA, the country's leading targeted media company,
IntelliChoice.com is the market leader in automotive ownership cost and
value analysis. Founded in 1986 and celebrating its 20th
Anniversary, IntelliChoice.com is committed to empowering consumers to
make better purchase decisions by providing independent and essential
automotive information and car-buying tools. Through IntelliChoice.com
consumers get the help they need to research, compare, configure and
price vehicles. The site also connects buyers to the buying alternatives
of their choice, including vehicle manufacturers and online buying
services.
BEST OVERALL VALUE OF THE YEAR
MODEL YEAR 2007 AWARD WINNERS
Cars
Sport Utilities
Crossovers
Trucks
Vans
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Trackbacks/Comments Received
Toyota Sweeps IntelliChoice's "Best Value" Awards
from Toyota Fans' Blog on Feb 12, 2007
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PRIMEDIA’s IntelliChoice.com, the online source for automotive ownership cost and value analysis, has just announced the results of its “Best Overall Value of the Year” awards for model year 2007. The popular Toyota Prius, one of four hybrids on the ...
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