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IntelliChoice Award 2022 winners announced

IntelliChoice Award 2022 winners announced

How much can you really expect to pay for a new car? Hint: It’s more than what’s on the sticker. Before signing on the dotted line, buyers should ask themselves how much value the car will hold over time and how much they will pay for insurance and fuel. IntelliChoice is back to help buyers make smart purchasing decisions and has announced the winners of the 2022 Best Overall Value of the Year (BOVY) awards.

A MotorTrend partner, IntelliChoice has been an industry leader in automotive value analysis for over 35 years. This year, it examined the five-year cost of ownership of nearly 2,500 vehicles down to trim, looking at critical factors such as depreciation, maintenance, insurance, financing, fuel, reimbursements and repair costs. The BOVY awards recognize vehicles that are significantly lower than the expected cost of ownership compared to other vehicles in the same category.

Which cars are the best values? Toyota takes on Honda

Unlike last year, when Toyota and Lexus won 13 out of 25 Best Overall Value awards, this year’s glory is spreading more widely across different brands. That said, the two automakers have still won an impressive six awards together, including a win for the Toyota Corolla Hybrid, which was voted the cheapest compact passenger car. The Honda Accord Hybrid stole the crown from the Toyota Camry Hybrid this year to win in the Passenger Car category, and for the second year in a row, the Genesis G80 2.5T won for luxury passenger car.

An eight-year winning streak in the Performance Car category comes to an end for the Ford Mustang GT Coupé now the Volkswagen Golf R stole the title. In the Premium Performance Car category, the Chevrolet Corvette convertible ahead of the competition.

Which SUVs are the best values? Jeep impresses

Jeep SUVs won three of the most valuable awards this year. The Jeep Wrangler and Wrangler Unlimited won respectively in the Compact and Midsize Utility categories. Meanwhile, the Jeep Grand Cherokee took the crown for the Premium Midsize Utility with the best overall value.

The Hyundai Kona stole the spotlight from the Subaru Crosstrek to become the most affordable Subcompact Utility. At the other end of the size spectrum, the Toyota Highlander Hybrid earned the award in the Full-Size Utility category, while the Ford Expedition won the Premium Full-Size Utilities award. The best value Luxury Utility is the Cadillac Escalade

Ford Maverick takes the lead: these are the best value trucks

In a stunning upset, the new Ford Maverick lists the Toyota Tacoma as the best value in the smaller truck category. Previously, no vehicle other than the Tacoma has held the title in the past decade. But the Japanese automaker is taking revenge in the Full-Size Pickup category, where the Toyota Tundra CrewMax scores the win.

2022 IntelliChoice BOVY Winners
Brand BOVY model line Class
Ford Transit Connect Truck Truck
Toyota Corolla Hybrid Compact passenger car
Jeep wrangler Compact utility
mini Convertible* convertible
Toyota Tundra CrewMax Full Size Pickup LD
Toyota Highlander hybrid Full Size Utility
Genesis G80 2.5T Luxury passenger car
Porsche 718 Cayman GT4/Spyder Luxury performance car
Cadillac Escalade* Luxury utility
Ford Independent thinking person Medium Pickup
Jeep Wrangler Unlimited Medium utility
Ford Transit Connect passenger car Van
Honda Accord Hybrid passenger car
Volkswagen Golf R Car performance
Audi A3 Premium compact passenger car
Lexus NX 350h Premium Compact Utility
BMW Z4 30i Premium Convertible
Ford Expedition* Premium Full Size Utility
Jeep Grand Cherokee* Premium Medium Utility
Toyota Avalon Hybrid Premium passenger car
Chevrolet Corvette Stingray Convertible Premium performance car
BMW 230i Coupe Premium Sporty/Coupé
Lexus UX Premium Subcompact Utility
Ford Mustang Coupe Sporty/Coupé
Hyundai Kona Subcompact Utility
*excluding S, ESV, MAX or L models, respectively

These two vehicles stood above the rest

Drum roll, please: The Jeep Wrangler again wins the award as the best total value of all non-premium vehicles on the market. Among the premium vehicles, the Lexus UX earned the title. Last year its bigger brother, the Lexus NX 300h, won this prize.

Best Overall Value Popular Vehicle: Jeep Wrangler/Wrangler Unlimited
Best Overall Value Premium Vehicle: Lexus UX

Which brands have the best values?

In addition to recognizing individual vehicles, IntelliChoice honors car brands. It recognizes brands for excellence in three areas: value retention, cost of ownership and overall value.

For these awards, IntelliChoice takes a sales weighted average of a brand’s model range. Cost of ownership winners are brands whose vehicles have the lowest total cost of ownership, and value winners have vehicles with significantly lower than expected cost of ownership for their peers. Jeep achieved two brand wins this year, capturing Toyota’s title in the highest value retention and best value categories. Lincoln took the title of best price from Lexus among the premium brands.

Highest retained value
Popular – Jeep
Premium – Porsche

Best Value
Popular – Jeep
Premium – Lincoln

Lowest Cost of Ownership
Popular – Subaru
Premium – Acura