Audi Q7 quattro Luxury SUV Wins Best Resale Value Award

In a year when Audi has lined its awards cabinet, its Q7 quattro luxury SUV has added another accolade to the maker's resume, this time KBB's 2009 Best Resale Value Award. The award recognizes vehicles that are expected to retain the highest proportion of their original retail value price five years after purchase, per the vehicle's specific segment.

The importance of resale value is demonstrated through the annual depreciation a vehicle faces after purchase. In most cases, depreciation can be the largest expense any new-car purchaser experiences, with many vehicles losing as much as 20% of their retail value as soon as the new owner takes possession. Higher resale values also help encourage motorists to move into newer vehicles, when the timing is appropriate, with the assistance of higher tradeins and higher-valued private-party sales. Vehicles with higher resale values tend to indicate a solidly built vehicle that may be more desirable in the used-car market.

The Q7 quattro has won other awards this year, including the Top Safety Pick by the IIHS and leading consumer research firm Strategic Vision's SmartGreen Index and Total Value Index for luxury SUVs. In addition to the Q7 quattro winning the Best Resale Value award for luxury SUVs, Audi's A5 coupe won the Best Resale Value award for luxury cars.

Source: Audi USA