INTELLICHOICE ANNOUNCES 2023 BEST OVERALL VALUE AWARD WINNERS

MotorTrend Group’s IntelliChoice brand, the leading provider of automotive cost and value analysis, announced the winners of the 2023 Best Overall Value of the Year (BOVY) awards. Each year, IntelliChoice compiles and analyzes data on every new vehicle model sold in the United States to identify those that not only have low total ownership costs, but also lower than expected costs over time when compared to similar models. The IntelliChoice awards help consumers understand that the total cost to own a vehicle is influenced by a variety of factors beyond initial purchase price. The 2023 BOVYs represent 25 diverse vehicle segments, enabling shoppers to directly compare similar vehicles over time.



The two Overall model categories represent those vehicles that are the standout values regardless of their competing segments. In addition, the Overall Brand Awards recognize those manufacturers that demonstrate a superior value proposition through their lowest cost of ownership or highest retained value within their popular or premium target market.

This year, IntelliChoice examined the five-year ownership costs for more than 2,300 vehicles right down to the trim level, considering critical factors such as depreciation, insurance, fuel, maintenance, financing, fees, and repair costs.  

The 2023 Best Overall Value of the Year award winners are as follows:

*Does not include S, or JCW convertible

**Previously Mid-Size Pickup class                   

Overall Winners

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

Brand Winners

Premium Winners:

• Highest Retained Value – Porsche
• Best Value – Lexus
• Lowest Cost of Ownership – Lexus

Popular Winners:

• Highest Retained Value – Jeep
• Best Value – Toyota
• Lowest Cost of Ownership – Subaru