IntelliChoice.Com Announces Best Overall Value of the Year Awards for
2008 Cars, Trucks and SUVs
– Winners Deliver Maximum Value and
Lower Long-Term Costs for Consumers Facing Tougher Economic Climate –
– Prius and Corvette Win Best
Overall Car Awards Highlighting Diverse 2008 Market –
CHICAGO (Business Wire EON/PRWEB ) February 6, 2008 --
IntelliChoice.com, the online source for automotive ownership
cost and value analysis and part of SOURCE INTERLINK MEDIA, today
announced the winners of its annual “Best
Overall Value of the Year” awards for 2008
cars, trucks and SUVs. The BOVY Awards, which evaluate every facet
of what it costs to own and operate a vehicle over time, identify
best-in-class vehicles that deliver outstanding value and lower than
expected costs.
In a year that saw several new nameplates join the list, only five
brands won multiple awards: Toyota (9), Chevrolet (8), Lexus (4), Honda
(3) and MINI (2). For the third consecutive year, IntelliChoice.com
named the Toyota Prius the Best Overall Car Under $24,000, and, in a
surprise, the Chevrolet Corvette Convertible the Best Overall Car Over
$24,000. GM and Toyota also split the overall truck winners, with the
Chevy Silverado taking home Best Truck Value Over $27,000, and the
Toyota Tacoma Best Overall Truck Under $27,000. (The complete list of
winners is on page three below.)
2008 marks the second consecutive year that Toyota and GM have vied for
the highest total number of IntelliChoice.com’s
Best Overall
Values of the Year.
“There is a diverse mix of automakers among
the car winners,” said James Bell, publisher
and editor of IntelliChoice.com. “But Toyota
and GM account for more than half the total list of winners. Toyota is a
perennial leader in quality and value, but these findings also speak to
the tremendous strides that GM has made in recent years in delivering
desirable, durable, and high-value vehicles.”
“The BOVY Awards are an important guide at a
time when consumers are tightening their belts,”
said Bell. “They tell us which cars, trucks
and Crossover/SUVs deliver the most bang for the buck. With indicators
pointing to a tough 2008, it is vital that buyers do their homework and
determine the vehicles that fit their budget.”
Now in its 22nd year, IntelliChoice.com’s “Best
Overall Value of the Year” awards recognize
vehicles whose cost of ownership is significantly lower than expected
compared to competitive models in the same class. 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.
2008 Overall Winners
This year, IntelliChoice.com identified thirty-three winning models by
segment and class, plus eight overall category winners. The
eight overall category winners are:
Rather than focusing solely on sticker price, IntelliChoice.com uses
multiple criteria such as depreciation/retained value, maintenance and
repair costs, fuel costs, insurance and state fees to analyze the value
of every vehicle. Against these criteria, buyers can expect a lower cost
of ownership for BOVY winners in relation to what they would expect
a vehicle in its class to cost. In other words, as a vehicle’s
price rises, costs would be expected to rise along with it. Not so for
IntelliChoice.com’s Best Overall Values of
the Year.
“It is important to note that a low sticker
price or even low ownership costs do not necessarily make a vehicle a
good value,” said Bell. “IntelliChoice.com's
Best Overall Value of the Year awards recognize those vehicles whose
total cost of ownership is significantly lower than expected compared to
its peers. These vehicles are not just excellent values, but the
top-ranked models in their respective classes.”
How IntelliChoice.com Determines “Best
Overall Value”
2008 marks IntelliChoice.com’s twenty-second
year publishing ownership cost and value analysis. For the Best Overall
Value of the Year (BOVY) awards, IntelliChoice.com analyzes nearly 2000
models to identify the vehicles that promise the best return on
investment within their respective classes. IntelliChoice.com aggregates
and analyzes data from auto manufacturers, the U.S. government, and
third-party data resources to determine the actual costs of ownership of
new vehicles over a five-year period, and assigns a value rating to all
mainstream vehicles sold in America each year. This insightful value
rating factors the accumulated ownership costs of depreciation,
maintenance, repairs, fuel, fees, financing, and insurance to identify
the true standout models in each class.
About IntelliChoice.com
IntelliChoice.com, part of SOURCE INTERLINK MEDIA, is the market leader
in automotive ownership cost and value analysis. Founded in 1986,
IntelliChoice.com is committed to empowering consumers to make better
purchase decisions by providing independent and essential automotive
information and tools. Through the IntelliChoice.com Web site (www.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 an online car
buying guide. SOURCE INTERLINK MEDIA is a division of Source Interlink
Companies, Inc., (NASDAQ: SORC), a media and marketing services company.
Source Interlink (www.sourceinterlink.com)
is one of the largest publishers of magazines and online content for
enthusiast audiences and a leading distributor of home entertainment
products, including DVDs, music CDs, magazines, games, books and related
items.
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INTELLICHOICE.COM
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2008 BEST OVERALL VALUES OF THE YEAR
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Cars
-
Subcompact Class – MINI Cooper Hatchback
-
Compact Class under $17,000 – Honda Civic
Sedan
-
Compact Class over $17,000 – Honda Civic
Hybrid
-
Midsize Class under $21,000 – Toyota Prius
-
Midsize Class over $21,000 – Toyota Prius
-
Large Class – Toyota Avalon
-
Near Luxury Class – Lexus ES
-
Luxury Class – Infiniti M35
-
Luxury Convertible – Audi A4 Convertible
-
Convertible – MINI Cooper Convertible
-
Small Wagon Class – Scion xB
-
Midsize/Large Wagon Class – Subaru Outback
Wagon
-
Base Sport Class – Volkswagen R32
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Sport Class – Chevrolet Corvette Convertible
-
Sports Sedan/Wagon under $38,000 – Mazda
Mazdaspeed3
-
Sports Sedan/Wagon over $38,000 – Lexus GS
Sport Utilities
-
Compact Utility/Crossover – Ford Escape
Hybrid
-
Intermediate Utility Class – Toyota 4Runner
-
Luxury Utility Class – Lexus GX
-
Utility Class – Toyota Land Cruiser
Crossovers
-
Midsize Crossover Class – Honda Pilot
-
Luxury Crossover Class – Lexus RX 350
Trucks
-
Compact Pickup Class 2WD – Toyota Tacoma
Regular Cab 2WD
-
Compact Pickup Class 4WD – Toyota Tacoma
Regular Cab 4WD
-
Full-Size Pickup Class 1/2 Ton 2WD – Toyota
Tundra Regular Cab 2WD
-
Full-Size Pickup Class 1/2 Ton 4WD –
Chevrolet Silverado 1500 Extended Cab 4WD
-
Full-Size Pickup Class 3/4 Ton 2WD –
Chevrolet Silverado 2500 HD ExtendedCab 2WD
-
Full-Size Pickup Class 3/4 Ton 4WD –
Chevrolet Silverado 2500 HD Extended Cab 4WD
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Full-Size Pickup Class One Ton 2WD –
Chevrolet Silverado 3500 HD Crew Cab 2WD
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Full-Size Pickup Class One Ton 4WD –
Chevrolet Silverado 3500 HD Crew Cab 4WD
Vans
-
Minivan Class – Toyota Sienna
-
Full-Size Van Class – Chevrolet Express 1500
-
Cargo Van Class – Chevrolet Uplander
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