There are 19/23 models that are Japanese in the list of least costly models to own in the first 5 years of ownership.

In the midst of a global crisis and a pandemic that still hasn’t ended, with prices skyrocketing in nearly every sector, a car that reduces ownership stresses is worthy of being labelled anti-inflation, as Forbes did. The following list is published annually by Kelley Blue Book (KBB) – one of the largest car value assessment firms in the US.

The winners of each segment are as follows:

Out of a total of the 23 ranked segments, Toyota wins 5 awards, while the Lexus sub-brand has been honored 4 times. Another Japanese brand, Subaru, also has four awards.

Honda is only named once, but the Acura sub-brand has two. Finally, Nissan also has two products. In total, brands from Japan take up to 19 awards.

Only one Korean model was named in the ranking, Hyundai Venue. However, the B-size SUV has been honored for the third year in a row.

The rest of the ranking includes a Swedish, Volvo S90, and three American models, two from Ford and one from Tesla.

KBB evaluates vehicle models using criteria such as depreciation, estimated fuel costs, maintenance and repair costs, insurance and financing, and other related costs. Based on the given rankings, consumers can estimate the expected cost of having to maintain a car for 5 years before deciding to buy a new car. One of the key criteria that greatly affects the cost of ownership is devaluation. That is, the more value a car model holds, the lower the cost of ownership, and vice versa. Or, another criterion that is temporary but has a significant impact on the assessment, is the cost of fuel. When fuel prices skyrocket, the lower a car’s fuel consumption, the more modest the cost of ownership.

Source: vnexpress.net