2016 Focus ST, F-150, Explorer and Mustang GT win Kelley Blue Book’s 5-Year Cost to Own Awards. Kelley Blue Book found Ford’s awarded vehicles to have the lowest estimated out-of-pocket expenses drivers will incur beyond the initial purchase price in their class. In 2016 Ford improved all the awarded products, bringing new technologies and improving quality throughout the Ford line-up through due to lower depreciation, insurance and maintenance costs
Today, KBB.com recognized four Ford products as new vehicles with the lowest projected ownership costs in their classes by awarding them with 2016 5-Year Cost Own Awards, due to improvements including lower depreciation, insurance and maintenance costs than competitors.
The awards, based on Kelley Blue Book’s 5-Year Cost to Own data for new cars for the initial five-year ownership period, found Ford’s newest vehicles, including the 2016 Focus ST, F-150, Explorer and Mustang GT, to have the lowest estimated out-of-pocket expenses drivers will incur beyond the initial purchase price in their class.
While depreciation and fuel costs may be the greatest expense incurred in owning a vehicle, there are other factors that can have a significant impact on a consumer’s budget. Available on Kelley Blue Book’s KBB.com for new models, 5-Year Cost to Own information takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees.
WHY THEY WON
2016 Ford Focus ST, Category: Sporty Compact Car
The sporty Focus ST beat out the competition due to lower depreciation and insurance costs.
2016 Ford F-150, Category: Full-Size Pickup Truck
F-150 has low Kelley Blue Book® Fair Purchase Price*, insurance and fuel costs.
2016 Ford Explorer, Category: Full-Size SUV
Explorer continues to beat the competition thanks to lower fuel and maintenance costs, along with a lower depreciation value.
2016 Ford Mustang GT, Category: High Performance Car
Mustang GT has strong residual values and a low Fair Purchase Price and maintenance cost.
In 2016 Ford improved all the awarded products, bringing new technologies and improving quality throughout the Ford line-up. The Focus ST received Ford’s new SYNC® 3 operating system with 8-inch touch screen offering customers an enhanced voice recognition and entertainment experience. Ford’s F-150 introduced segment-first Pro Trailer Backup Assist technology, making it easier for drivers of all skill levels to back a trailer up to launch a boat or park in a driveway.
The Ford Explorer built on 25 years of innovation with new technologies including front and rear cameras with washers, a segment-first feature Enhanced active park assist with perpendicular park assist, park-out assist and semi-automatic parallel parking and a high-end Platinum model. The Explorer has been the best-selling SUV for the past 25 years and continues to be a three-row favorite for families that crave adventure.
The Mustang GT continued to set the standard for performance with advanced materials, aggressive brakes and finely tuned aerodynamics to push the performance of Mustang to previously unmatched levels.
Kelley Blue Book 5-Year Cost to Own information is developed using Kelley Blue Book® Residual Values to calculate depreciation costs. Kelley Blue Book calculates total ownership costs for new vehicles by applying a sophisticated valuation methodology along with critical financial data from third-party providers.
*Kelley Blue Book Fair Purchase Price is the price shoppers typically pay a dealer for a new car, based on actual new-car transactions and adjusted regularly as market conditions change.