Acura honoured for lowest cost of ownership over five years amongst luxury brands

By : Trevor Hofmann
  Everybody wants a good deal, but sometimes the “great” price paid at purchase, even after factoring in a deep discount, doesn’t seem as good later on. Kelley Blue Book tries to remedy this problem by educating consumers about the real cost of owning a vehicle, and then recommends models it believes drive real long-term value. As part of this exercise its 5-Year Cost to Own Awards program recognizes high achieving vehicles and brands. For the second consecutive year Acura took home KBB’s 5-Year Cost to Own Luxury Brand award thanks to its entire lineup placing either first o.......
                   
                   
                   
               
 
Everybody wants a good deal, but sometimes the "great" price paid at purchase, even after factoring in a deep discount, doesn't
2017 Acura RDX
The RDX is Acura's bestselling model in Canada and second-best in the U.S., and beat all competitors on the compact luxury SUV sales chart in the former jurisdiction and all but one here at home. (Photo: Acura)
seem as good later on.

Kelley Blue Book tries to remedy this problem by educating consumers about the real cost of owning a vehicle, and then recommends models it believes drive real long-term value. As part of this exercise its 5-Year Cost to Own Awards program recognizes high achieving vehicles and brands.

Acura earns KBB 5-Year Cost to Own Luxury Award two years straight

For the second consecutive year Acura took home KBB's 5-Year Cost to Own Luxury Brand award thanks to its entire lineup placing either first or second in more than half of seven total 5-Year Cost to Own factors, which include the vehicle's upfront price, depreciation, finance and insurance fees, expected fuel costs,
2017 Acura MDX
The MDX is Acura's top seller in the U.S. and the most popular dedicated seven-passenger premium SUV in Canada. (Photo: Acura)
maintenance and repair costs, and jurisdictional fees. With all totals tallied up, KBB projects Acura models will incur the lowest ownership costs over the next five years.

"This award demonstrates, once again, that the exceptional quality and reliability of Acura products lead the luxury segment," said Jon Ikeda, vice president and general manager of Acura.

Acura offers six models including four cars, the ILX sport sedan, TLX performance luxury sedan, and RLX Sport Hybrid luxury sedan, and entirely new NSX mid-engine hybrid supercar, plus two crossover SUVs, the 5-passenger RDX luxury
2017 Acura NSX
Acura added the NSX hybrid supercar to the lineup for 2017, in expectation that its influence would trickle down to other models within the luxury brand's lineup. (Photo: Acura)
crossover SUV, and the seven-passenger Acura MDX, North America's all-time bestselling three-row luxury SUV.

While Kelley Blue Book is an American company and the previously noted factors that result in 5-Year Cost to Own Award winners are derived from U.S.-spec models sold into markets across the United States, the cost of ownership benefits that caused KBB to choose Acura over all other luxury brands translate directly into the Canadian market as well.

In fact, Acura's Canadian division offers many more standard features for comparatively low pricing after factoring in exchange rates, while the greater standard
2017 Acura TLX
The TLX is a strong seller in the highly competitive compact D-segment, outpacing all non-German competitors. (Photo: Acura)
content helps keep resale values high. What's more, Acura's average fuel economy advantage makes an even bigger difference in Canada than the U.S. due to higher average gasoline prices north of the 49th, while maintenance and repair costs are similar between Canada and the U.S., once again after factoring in exchange rates.

These factors help make Acura models amongst the most popular in their respective segments, especially the RDX and MDX crossover SUVs which placed second out of 12 and fourth out of 20 competitors respectively in sales last year, outpacing all other Tier 2 luxury brands. Additionally, the MDX was the bestselling dedicated seven-passenger premium SUV throughout calendar year 2016, while the TLX was the top selling non-German challenger within the compact D-segment.

©(Copyright Canadian Auto Press)
 
Articles
Canada's Top 10 Selling Cars
Canada's Top Vehicle Incentives
Contact Us
Customer Feedback
FAQ
Français
Get Started
Glossary
Media Gallery
Member Benefits
New Car Buyer Reviews
News & Reviews
Privacy Policy
Sample Report
Savings and Discounts
Sign Up
Site Map
Tips & Advice
Videos

Who is CarCostCanada Who is CarCostCanada

We are Canada's #1 choice for New Car Buyers and the Nation's Most Trusted Online New Car Pricing Service. Since 1999 we have provided Canadian New Car Buyers with access to our proprietary Dealer Invoice Price Reports. 

Complementing the Dealer Invoice Price Reports, we also have an in-house team of automotive professionals with over an accumulated 100 years of experience and a Canada-Wide New Car Dealer Network.

Why you should Never Buy or Lease a New Car without a CarCostCanada Invoice Price Report Why you should Never Buy or Lease a New Car without a CarCostCanada Invoice Price Report

Our proprietary Invoice Price Reports include New Car Invoice (Dealer Cost) Information, Advertised and NON-Advertised Cash Incentives, CASH Rebates, Special Financing and Lease Rates. You will also receive a referral to a New Car Dealer that is committed to providing a seamless and extremely satisfying purchase experience along with great prices!

Learn How to Buy your Next New Car the CarCostCanada way  Learn How to Buy your Next New Car the CarCostCanada way

The CarCostCanada way of buying has taken the "guess work" out of the buying process and eliminated the need to travel from Dealer to Dealer with the hope of getting a discount from a professional salesperson. Simply use the Invoice Price Report to determine the exact cost, making sure you deduct the incentives. Then, add a margin or profit (dealers love the word profit) of typically anywhere from 3% to 5% over cost to arrive at a purchase target price.
Be sure to use our recommended dealer.

Connect with us

facebook youtube googleInstagram

Copyright © 2018 CarCostCanada.com All rights reserved. | Development and hosting by Armada Data Corporation
Design by Orange Keel Brand Strategy & Design