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I love the market for a new car you want to miss this joining us now the results of their 2012 best -- value awards is jacked me -- executive editorial director for Kelly blue book.
Jack picture -- and -- I did not know this that the average vehicle.
Is worth 35%.
What you paid for five years later why Viacom are.
It's not really have very good investment -- I mean it's more of an expanded says that it is an investment that's for sure.
But yet people buy cars every day and and and -- real happy about that yeah.
Some of their value better than others why -- -- some depreciate less than others.
Well it's strictly market forces and that's what we predicted Kelley blue book we're looking hat.
Market forces and the that are going to be out there five years from now that's what we look at in our best resell value award winners.
And we have to project and we base it on history.
We base it on supply we base it on a lot of factors -- Chris Kelley blue book has been around for boarded in eighty years so.
We understand vehicle value is as well as anybody.
You have regional.
Please apart as well I guess some -- -- that I should try to get it -- will drive car out from like north -- voters something.
-- -- -- -- list I was kind of surprised to see the Jeep Wrangler as the number one.
55% of it's it holds 55% of its value.
Well this thing about cheap Wrangler is there's no logical substitute for a Jeep Wrangler I mean if you want -- Wrangler and a lot of people want a Wrangler and it you know dates back to world war two and that.
That famous -- that helped you know win that war.
There's only one choice and that's the Wrangler and that that's the kind of thing that translates into very high resale value that there's no logical substitute for.
So the number one and number ten that the Chevy Camaro which I have to tell you my first -- was in 1987 Chevy Camaro.
They are the only two Americans on the list all the rest are foreign made cars.
What what we have seen is -- GM it's been a bit resurgent because you're looking at our -- analyst there are others though I within various segments so.
There's something like.
-- thirty vehicles that we honor overall now the two best brands are -- And Lexus.
Toyota as the not luxury brand Lexus as the luxury brand that in itself is kind of the story because of course those brands.
Suffered a bit over the course of the last 1218 months or so we really think there on the way back.
But -- General Motors did quite well actually in this the Camaro for example way -- of your -- in years past.
One actually two awards and was also in our top ten it -- in two segments.
Because the V6 and the V8 version.
One in separate segment so I'd data along with the Chevrolet Volt stood GM and -- fairly good stead in this in this most recent.
-- it's camp but the volt and the Camaro next to -- together and think equality -- -- you know the Toyota as it best to resell value brand kind of -- -- this -- had a bunch of bad luck with recalls for awhile.
They did and -- what we're seeing is we really believe very strongly that Toyota learned its lesson from that and is emerging on the other side I.
I just came back from the Tokyo motor show and I I witnessed a very emotional speech by.
Akio Toyoda -- you know typically Japanese executives don't get emotional in speeches that they -- get.
Pat down auto shows but he was very emotional about what had happened with his that is on brand his -- company.
What they had suffered in terms of natural disasters and a I think they're absolutely on the road back and I think that's the big story.
That seems that people believe -- that's for sure.
Jack -- -- thanks so much for bring.
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