This week, Kelly Blue Book announced BMW as the winner for the Best Resale Value Luxury Brand for the 2011 model year. In addition, the X5 and X6 each won places on the Top 10 Models for Best Resale Value. Plus, the X5 xDrive35d Advanced Diesel was chosen as Best Resale Value for Hybrid/Alternative Energy Utility Vehicle. Not stopping there, the X5 also won the 2011 Best Resale Value award in the Luxury Utility Vehicle category.
Kelley Blue Book's Best Resale Value Awards are based on projections from the company's residual value guide, determined by an expert staff of analysts. These awards honor vehicles expected to maintain the greatest value of their original list price after five years of ownership. Low-volume vehicles and vehicles with a MSRPs of more than $60000 are excluded from award consideration, except in the luxury and high-performance categories.
The award was received by Peter Miles (North America's executive vice president of operations) at the LA Auto show this week. He had this say, "At BMW, we believe our vehicles' strong resale value is a result not only of the innovation, engineering and design aesthetics built into each one of our cars, but also the quality of the BMW ownership experience in total. BMW vehicles serve as industry benchmarks when new then strongly influence the used-car market as they go on to satisfy additional owners. BMW resale value proves that."
To read more about the 2011 KBB Resale Value Awards, visit: www.kbb.com/car-news/all-the-latest/2011-best-resale-value-awards