Kelley Blue Book (KBB) announced they are now showing projected resale values for all new vehicles on their web site.
Curious, I went to look at the resale value for the 2007 Prius. And I got the following graph: The Prius has the highest resale value shown (grey line) followed by all 2007 hybrids (red line). 2007 hatchbacks and sedans are next followed by the line for all 2007 vehicles.
Resale values are an important consideration when buying any vehicle. According to KBB: Resale value is an important factor in determining overall vehicle cost as depreciation is historically most consumers’ biggest expense during their ownership period.
The Prius and the Honda Civic are both in the top 10 for resale values.
Based on the informed projections of Kelley Blue Book's expert staff of market analysts—encapsulated in the Kelley Blue Book Residual Value Guide—our annual Best Resale Value Awards honor the vehicles that best maintain their financial worth after thousands of miles and years of service. What do these cars have in common? In general, a combination of design and engineering that is compelling enough to generate customer appeal that stands the test of time.
When compared to the Honda Civic Hybrid, which features the same sheetmetal as its conventional sedan counterpart, the uniquely styled Prius is the more recognizable gas-electric hybrid vehicle. It's also a very sensible and accommodating passenger car.
Even though it's now available with niceties like a navigation system and can top $20,000, the Honda Civic remains the quintessential economy car and equally appealing to new-car and used-car shoppers alike.