Chevrolet Volt earns resale value award

Kelley Blue Book's 2013 Best Resale Value Awards are out and the Volt takes top honors in the electric vehicle category.

By

Melissa Hincha-Ownby

Mon, Nov 26 2012 at 3:29 PM

Related Topics:

Electric Vehicles, Hybrid Cars

2013 Chevrolet Volt - KBB Resale Value Award Winner

Photo: © General Motors.

Kelley Blue Book (KBB) is a one-stop shop for auto research and consumers interested in buying a vehicle that best retains its new car value need to look no further than the 2013 Best Resale Value Awards. KBB evaluates vehicles in a variety of categories and for the second year in a row, the Chevrolet Volt earned top honors in the Electric Vehicle segment.

According to KBB, the 36-month resale value of the vehicle is 46 percent and by 60 months, the value is still 30 percent.

“Chevrolet has made great strides in the past few years to boost the quality of its vehicles, and with fuel prices looming large on the minds of consumers, the increasingly relevant Chevrolet Volt holds an edge over the competition when it comes to resale value.” Source: KBB.com

The 2013 Toyota Prius Plug-in earned the second place spot in this year’s electric vehicle resale value awards with a 36-month value of 43.5 percent and a 60-month value of 29.5 percent.

Hybrid and alternative energy cars were assessed separately and the 2013 Ford Fusion Hybrid earned the top spot in this category. The Fusion Hybrid’s 36-month resale value was 59 percent and by 60 months, the vehicle will still be worth about 45 percent of the original purchase price.

The newly released Lexus ES 300h came in just a bit behind the Fusion Hybrid. The luxury hybrid’s 36-month resale value was slightly higher, at 61 percent. By 60 months the resale value drops to 44 percent, just short of the Fusion Hybrid’s expected 45 percent resale value, which placed the Lexus ES 300h in the second place position for hybrid and alternative fuel vehicles.

For comparison’s sake, the top-rated overall vehicle in the 2013 Best Resale Value Awards is the 2013 Toyota FJ Cruiser. The sport utility vehicle holds its value quite well with a 36-month resale value of 73 percent and a 60-month value of 63 percent.

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Comment: 1

HighConcept Apr 10 2013 at 2:46 PM

This is an amazing statistic considering that the first Chevrolet Volt was delivered on Saturday, December 10, 2010 (to retired airline pilot Jeffrey Kaffee). That's a mere 28 months ago, and Kelly Blue Book gives us the 36-month (i.e., this coming December) and 5-year (December 2015) resale numbers. There's some higher math going on here. But the numbers should be taken with a grain of salt, being purely projections. Perhaps they will come true; one can hope... PS: I took delivery of MY Volt (#92)

.... More

only three weeks after Jeffrey.