Innovation: Design & Technology
Four Chevrolets Earn KBB 5-Year Cost to Own Awards
Mon, Feb 10 2014
DETROIT – Four 2014 Chevrolet cars won Kelley Blue Book’s 5-Year Cost to Own Award, signifying them as being less expensive to keep in operation than comparable vehicles.
The Chevrolet category winners were the Camaro SS, Impala, Spark and Spark EV. The Volt was second in the Plug-In category.
The award gives credence to the cost savings and value offered by Chevrolet’s EV lineup. Especially for the Spark EV, which at $19,995 with full federal incentives, is one of the most affordable EVs available on the market. And with many owners exceeding 900 miles between gasoline fill-ups, Volt owners, save $1,300 annually on average on fuel costs. Combined, all Volts on the road have traveled more than 300 million electric miles.
Kelley Blue Book® uses a sophisticated valuation methodology along with critical financial data from third-party providers to compile a 5-Year Cost to Own on all models. Criteria includes depreciation, fuel costs, finance and insurance, maintenance and repair, and state fees.
“We want to make sure the customer has a great experience from shopping for their new Chevrolet to selling it,” said Russ Clark, Chevrolet director of marketing. “Keeping the cost of ownership low is an integral part of that, and it hits closest to home with our customers.”
Founded in 1911 in Detroit, Chevrolet is now one of the world’s largest car brands, doing business in more than 140 countries and selling more than 4.9 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature spirited performance, expressive design, and high quality. More information on Chevrolet models can be found at www.chevrolet.com.