Honda North America’s vehicles have the lowest average actual service and warranty costs for non-premium brands and are tied with Toyota Motor Corp.’s Lexus brand among premium brands, according to the inaugural We Predict DeepviewTM True Cost Report. We Predict shared the report’s results during a webinar hosted by the Automotive Press Association (APA) today.
Deepview True Cost is the first report of its kind to measure service and warranty costs compiled from actual service records. The report measures money spent by owners and manufacturers of 2021 model-year vehicles after three months on the road. It reveals which brands and models across 21 segments, including electric vehicles (EVs), have the lowest service costs.
Toyota Motor Corp. leads all automotive manufacturers with four vehicles at the top of their respective segments for the lowest service and warranty costs.
Honda ranks best among non-premium brands—with $21 in service and warranty costs—the lowest total during the first three months on the road. Acura and Lexus lead premium brands, tied with the lowest service and warranty costs of $30. The average true cost among non-premium brands after three months on the road is $42, while the premium brand average is $84.
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Study Finds Honda And Acura Are Cheapest Brands To Service And Maintain
Honda North America’s vehicles have the lowest average actual service and warranty costs for non-premium brands and are tied with Toyota Motor Corp.’s Lexus brand among premium brands, according to the inaugural We Predict DeepviewTM True Cost Report. We Predict shared the report’s results during a webinar hosted by the Automotive Press Association (APA) today.