Hybrids score well in car awards
Although relatively new to the scene, hybrids are attracting attention due to rising fuel costs.india Updated: Feb 08, 2006 11:17 IST
Hybrid cars won IntelliChoice.com's 2006 "Best Overall Value of the Year" awards in three of eight categories, the online automotive cost ownership and value analysis firm said on Wednesday.
The awards map a combination of factors including a vehicle's price, fuel efficiency, maintenance costs and resale value, taking data from auto manufacturers, the US government and third-party sources to determine the cost of ownership over a five-year period.
Although relatively new to the automotive scene, hybrid cars are attracting more attention due to rising fuel costs, with sales growing rapidly.
The Best Car Value for cars under $23,000 went to the hybrid Toyota Prius, while both SUV categories -- under $28,000 and over $28,000 -- went to the Ford Escape Hybrid two-wheel drive and Toyota Highlander Hybrid two-wheel drive, respectively.
"These cars are proving to be a great economic bonus and not just in terms of fuel efficiency," said IntelliChoice publisher James Bell.
"They are also low on maintenance costs and because there is such high demand for them they have high residual value when it comes to resale," Bell said.
In last year's awards one hybrid car -- the Toyota Prius -- won an overall value award.
Winners for 2006
IntelliChoice.com identified 29 winning models by segment and class, plus eight overall category winners. The eight overall category winners are:
Best Car Value Under $23,000 - Toyota Prius
Best Car Value Over $23,000 - Lexus LS 430
Best SUV Value Under $28,000 - Ford Escape Hybrid 2WD
Best SUV Value Over $28,000 - Toyota Highlander Hybrid 2WD
Best Truck Value Under $26,000 - Toyota Tundra Regular Cab 2WD
Best Truck Value Over $26,000 - Toyota Tundra Extended Cab 4WD
Best Van Value Under $25,000 - Honda Odyssey LX
Best Van Value Over $25,000 - Honda Odyssey EX