U.S. News & World Report revealed the best car for those budget savvies. The 2024 Best Cars for the Money Awards included 11 distinct automotive categories, and the champions in each of these segments are distinguished by their exceptional balance of quality and affordability. Each recipient not only displays a premium automobile but also offers outstanding value for the duration of its ownership.

2024 Best Cars for the Money Awards

Encompassing 11 different automotive segments, which now includes the debut category of Best Plug-In Hybrid SUV for the Money, these awards spotlight vehicles such as cars, SUVs, and minivans that offer consumers the ideal blend of quality and affordability.

The recipients of the Best Cars for the Money awards were acknowledged by U.S. News at the Washington, D.C. Auto Show on Thursday, January 18th, at 1:20 p.m.

Liz Opsitnik, U.S. The 2024 Best Car for the Money Awards, according to News' Executive Editor, are outstanding examples of cars that offer an exceptional ownership experience and stand out in terms of long-term value. PRN News Wire shared the latest details about the 2024 Best Cars for the Money Awards.

Both Honda and Kia secured four 2024 Best Car for the Money Awards across various categories. The Honda Civic, Honda Odyssey, and Kia Soul, all of which have previously clinched victories in their respective segments for multiple years, demonstrate unwavering dedication to low ownership expenses, top-notch safety ratings, and exceptional driving performance.

Meanwhile, Hyundai earned three awards, and the Hyundai Ioniq 5 notched its inaugural win in the Electric SUV category, attributed in part to its innovative technology, roomy interior, and competitive estimated five-year ownership expenses.

Selection Process

According to U.S. News & World Report in assessing vehicle quality, it relies on the overall score from their Best Car rankings. The methodology for determining this score does not rely on the subjective assessments or tests conducted by U.S. News editors. Instead, they gather and analyze all reputable published reviews of a particular vehicle to ascertain the consensus opinion of the automotive press regarding various aspects such as driving performance, interior comfort, and the functionality of connectivity and tech features.

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This evaluation is then used to create a numerical overall score that is used to judge quality for the 2024 Best Cars for the Money awards. Information on dependability, safety, fuel efficiency, and load capacity are added to it.

Furthermore, U.S. News& World Report shared that when evaluating the true cost of owning a car, it's important to consider ongoing expenses such as repairs, fuel, and insurance, in addition to the initial purchase price negotiated with the dealer. To gauge the value a car provides, a comprehensive approach is taken.

First, five-year total ownership costs, as calculated by Vincentric, are considered. These costs are then harmonized with real-time transaction prices provided by their partner, TrueCar. This combined information forms the basis for determining a car's value score in the context of the 2024 Best Cars for the Money awards.

About U.S. News & World Report

As per its website, U.S. News & World Report is a cutting-edge digital media organization committed to assisting consumers, government officials, and business decision-makers in making critical life decisions. For than nine decades, their audience has trusted them with unbiased reports, rankings, journalism, and advice because they use cutting edge data and technology.

Their websites, which are available at usnews.com, are divided into a number of areas, including 360 Reviews, Education, Health, Money, Travel, and Cars.

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