NEW YORK, March 21 /PRNewswire-FirstCall/ -- Over the last two decades, foreign automakers have developed a reputation for producing better cars than their North American competitors -- often outranking them in overall value. But, the perceived notion that a foreign brand equals higher quality may be about to change. With recent signs of significant improvements, U.S. automakers seem to be on the road to a comeback.
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Using multiple criteria -- such as depreciation/retained value, maintenance and repair costs and fuel costs -- IntelliChoice.com, a leading automotive forecaster, decides its annual "Best Overall Value of the Year" awards. 2008 marks the second consecutive year that Toyota and GM have vied for the highest total number awards, further proving that top American manufacturers have made strides in recent years in delivering desirable, durable, high-value vehicles.
The BOVY Awards are an important guide at a time when consumers are tightening their belts, giving them a quick reference to finding vehicles that promise the best return on investment. Now in its 22nd year, the awards recognize vehicles whose cost of ownership is significantly lower than expected -- compared to competitive models in the same class. A listing of this year's winners and additional information on the awards can be found online at www.IntelliChoice.com.
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