[VIDEO] Corvette Named to KBB’s 2010 Best Resale Value Top 10

According to Kelley Blue Book, Chevrolet’s Corvette is one of 2010’s top 10 vehicles for having the best resale value. The survey recognizes those vehicles based on their projected retained value five years from now.

Kelly Blue Book’s Best Resale Value Awards are based on projections from the Kelley Blue Book Official Residual Value Guide by their expert staff of automotive analysts. The award honors vehicles expected to maintain the greatest proportion of their original list price after five years of ownership.

For Corvette owners and those who have shopped for one, this award shouldn’t come as much of a surprise. The Corvette does extremely well in owner loyalty surveys. I would think that its a natural extension to think that owners usually don’t sell their Corvettes for a song.

Also appearing on the list is the new Chevrolet Camaro SS. It was named as the best in the high-performance car segment as well as a top 10 best resale value.

The editors of Kelley Blue Book included the following in their press release which sums up the Corvette perfectly:

But certain vehicles are projected to hold their value better than others. While much of a vehicle’s resale value is based on supply and demand as well as current and projected future market conditions, vehicles that maintain their value best are rarely heavily discounted and tend to generate consumer enthusiasm.

Source:
Kelly Blue Book

Related:
Corvette Shines in Consumer Reports Owner Satisfaction Survey
Corvette Coupe Tops Strategic Vision’s 2009 Quality List