When shoppers talk about how they go about choosing a new car, they often say they seek a vehicle with high resale value. While they might not know exactly how to gauge that, their thinking is spot-on. If you want to keep your overall year-in-year-out transportation costs low, you will find that a vehicle that retains its value well will be your best friend. Why? Because over the first five years of new-car ownership depreciation is a car owner's biggest expense. Depreciation. In basic terms, the amount a vehicle declines in value over time can cost you thousands of dollars during the years you own your car. Because of that, choosing a vehicle that retains its value better than others, in other words, a vehicle with better resale value will leave you money ahead at trade-in time.
Kelley Blue Book has been publishing its Official Residual Value Guide since 1981, so they are industry-acknowledged experts in the art and science of resale value projections. Financial institutions, governmental agencies and the automotive leasing industry rely on the comprehensive residual values they provide. To help guide consumers on this important but little-understood facet of the automotive purchase process, Kelley Blue Book established its annual Best Resale Value Awards in 2003.
Carr Chevy World is proud to be partnered with Kelly Blue Book and their 2012 Best Resale Value Award Winners!