FOR IMMEDIATE RELEASE
Edmunds.com Names Audi TT, Ford F-150 Heritage and Infiniti FX35 Among Vehicles with Lowest Ownership Costs; Honda and Toyota Brands Dominate
Santa Monica, CA - April 26, 2004 - Edmunds.com, the Internet's premiere resource for consumer automotive information, today announced which 2004 model year vehicles have the lowest relative ownership costs in their market segments. Japanese automakers dominate the list, besting the competition in 15 of the 27 segments.
|Coupe Under $15,000:||Toyota ECHO|
|Sedan Under $15,000:||Scion xA|
|Wagon Under $15,000:||Scion xB|
|Coupe Under $25,000:||Honda Civic|
|Convertible Under $25,000:||Volkswagen New Beetle|
|Sedan Under $25,000:||Honda Civic|
|Wagon Under $25,000:||Toyota Matrix|
|SUV Under $25,000:||Honda CR-V|
|Coupe Under $35,000:||Mazda RX-8|
|Convertible Under $35,000:||Toyota MR2 Spyder|
|Sedan Under $35,000:||Acura TSX|
|Wagon Under $35,000:||Volvo V40|
|SUV Under $35,000:||Toyota Highlander|
|Coupe Under $45,000:||Audi TT|
|Convertible Under $45,000:||Nissan 350Z|
|Sedan Under $45,000:||BMW 3 Series|
|Wagon Under $45,000:||Volvo XC70|
|SUV Under $45,000:||Infiniti FX35|
|Coupe Over $45,000:||Mercedes-Benz CLK-Class|
|Convertible Over $45,000:||Mercedes-Benz SLK-Class|
|Sedan Over $45,000:||Audi S4|
|Wagon Over $45,000:||Audi S4|
|SUV Over $45,000:||Volkswagen Touareg|
|Compact Truck:||Toyota Tacoma|
|Large Truck:||Ford F-150 Heritage|
|Van:||Ford Econoline Cargo|
Edmund.com's proprietary True Cost to OwnSM (TCOSM) tool at http://www.edmunds.com/apps/cto/CTOintroController allows consumers to easily estimate the five-year costs of new and used vehicles dating back to the 1999 model year. Ownership costs include depreciation, insurance, financing, taxes, fees, fuel, repairs and maintenance. Users of the tool are able to enter ZIP codes to receive regionalized information, which makes a big difference in areas such as insurance and labor rates for repairs and maintenance services.
"It's always good to know how deep the pool is before jumping in the water; some consumers can afford to buy a car but not to pay the expenses associated with owning it," according to Bob Kurilko, Vice President of Industry Communications for Edmunds.com. "Smart buyers consider the ownership cost profile when making their final vehicle selections, not just the initial purchase price. That way, there are no surprises when the new car smell wears off."
About Edmunds.com, Inc.
Edmunds.com is the premier online resource for automotive information. Its comprehensive set of data, tools and services, including Edmunds.com True Market Value® pricing, is generated by Edmunds Data Services and is licensed to third parties. For example, the company supplies over 800,000 pages of content for AOL's auto channel and NYTimes.com's auto section and delivers monthly data reports to Wall Street analysts. Edmunds.com was named "best car research" site by Forbes ASAP, has been selected by consumers as the "most useful Web site" according to every J.D. Power and Associates New Autoshopper.com StudySM and was ranked first in the Survey of Car-Shopping Web Sites as reported by The Wall Street Journal. The company is headquartered in Santa Monica, California and maintains a satellite office in Troy, Michigan.