Fourteen Japanese Cars, Four Domestic Cars and Three European Cars Win Edmunds.com 2010 Annual Lowest True Cost to Own® Vehicle Awards
SANTA MONICA, Calif. — June 7, 2010 — Now more than ever car buyers are looking for vehicles that offer the best long-term value. Edmunds.com, the premier online resource for automotive information, has compiled a list of the lowest True Cost to Own® vehicles for 2010.
Edmunds.com's TCO® pricing system estimates total vehicle ownership costs over a five-year period. The calculation incorporates projected average depreciation, financing, taxes, fees, insurance premiums, fuel costs, regional variances, maintenance and repairs for each model. To choose the 2010 Lowest TCO Award winners, Edmunds' editors analyzed months of historical data to identify which were the consistent leaders in low ownership cost. More details are available at /car-news/annual-ltco-award.html.
"Considering not just the buying price but the overall ownership costs of a vehicle can help shoppers get the most for their money over the long haul," said Philip Reed, Senior Consumer Advice Editor for Edmunds.com.
The award winners, organized by category and price range so that car shoppers can use the list as a tool, are:
|Convertible Under $35,000||2010 Mazda MX-5 Miata|
|Convertible Over $35,000||2010 BMW 1 Series|
|Coupe Under $25,000||2010 Toyota Yaris|
|Coupe $25K-$35K||2010 Honda Accord|
|Coupe $35K-$45K||2010 Audi TT|
|Coupe Over $45,000||2010 Ford Shelby GT500|
|Sedan Under $15,000||2010 Toyota Yaris|
|Sedan $15K-$25K||2010 Honda Fit|
|Sedan $25K-$35K||2010 Mercury Milan|
|Sedan $35K-$45K||2010 Lexus IS 250|
|Sedan Over $45,000||2010 Infiniti M35|
|SUV Under $25,000||2010 Honda CR-V|
|SUV $25K-$35K||2010 Jeep Wrangler|
|SUV $35K-$45K||2010 GMC Acadia|
|SUV Over $45,000||2010 Acura MDX|
|Compact Truck||2010 Toyota Tacoma|
|Large Truck||2010 Honda Ridgeline|
|Wagon Under $35,000||2010 Nissan Cube|
Edmunds.com's True Cost to OwnSM calculations make the following assumptions:
- Vehicles are driven 15,000 miles per year
- Vehicles are financed using traditional financing and not leased
- Buyers pay 10 percent down on the vehicle
- Buyers are in the "Gold" credit tier for the purpose of determining the finance rate
- The loan term is 60 months
- Buyers represent the average demographic in their state for insurance rates
Automakers wishing to use this and other Edmunds.com accolades can follow the instructions set forth at /copyright/linklogoguidelines.html.
About Edmunds.com, Inc. (/about/)
Edmunds.com Inc. publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive information, launched in 1995 as the first automotive information Web site. Its mobile site, accessible from any smartphone at www.edmunds.com, makes car pricing and other research tools available for car shoppers at dealerships and otherwise on the go. InsideLine.com is the most-read automotive enthusiast Web site. Its mobile site, accessible from any smartphone at www.insideline.com, features the wireless Web's highest quality car photos and videos. CarSpace is the most established automotive social networking Web site. AutoObserver.com provides insightful automotive industry commentary and analysis. Edmunds.com Inc. is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit. Follow Edmunds.com on Twitter@edmunds and fan Edmunds.com on Facebook at http://www.facebook.com/edmunds.