Highlights of Corvette’s Results from Edmunds.com’s Best Retained Value® Awards for 2016
Corvette Named as Best Midrange Sports Car in Edmunds 2016 Best Retained Value® Awards
Edmunds, the Santa Monica, California-based online resource for automotive information has long awarded the most valuable brands and models in the world. The Value Awards were based on assessing the cars that retained the highest residual value five years following their launch.
The Chevrolet Corvette took the crown for the ‘Best Midrange Sports Car’ toppling popular performance machines including the Porsche Boxter and Porsche Cayman.
This is the second year in a row that the Corvette has won in the Best Mid-Range Car category in the Edmunds Best Retained Value Awards. It is also the third win in four years for the Corvette.
According to Edmunds, the Corvette’s five year retained value was estimated at 53.9 %, well above the segment’s average of 49.2%. It highlights that buying a Corvette really is an investment.
The 2016 categories have changed slightly with the awards featuring two sports car segments—the Premium Sports Car segment where the Porsche 911 reigned and the Midrange Sports Car where the Corvette dominated.
From the Chevrolet Brand, the Corvette was the only model to attain first position in Edmunds’ survey; the Chevrolet Colorado and Chevrolet Tahoe only earned Honorable Mentions.
Earlier this year, Consumer Reports surveyed up to 230,000 owners of cars from 2016, 2015, 2014 and 2013 model years to find out the most satisfying cars. The Stingray model emerged as the second most satisfying car in the world ahead of the Porsche Cayman, 911 and Macan and behind Tesla Model S.
Whether you are buying a classic Corvette or a modern Z06, it is important to know the vehicle’s resale value. A car with a high resale value allows you to successfully trade it in or sell it at a worthwhile price. The resale value is also essential when leasing a Vette because the resale value will affect the monthly lease payments.
Reference: Edmunds.com’s Best Retained Value® Awards