(NEW YORK) — The Toyota Prius topped Consumer Reports’ annual list of Best and Worst New-Car Values for the first time, with the magazine saying the hybrid’s cost to operate is about one-half that of a conventional vehicle.
The Prius (at 26,$750 for the Four model) knocked the much cheaper $16,915 base-price Honda Fit out of first place — a position that car has held for the past four years. Consumer Reports said the Fit’s lower reliability rating was the reason for its fall from number one.
At 49 cents a mile to operate, the Prius costs about half as much to run than the average car, said the magazine, which looked at over 200 models for its annual buying guide.
Consumer Reports looks at the five-year cost of ownership for each vehicle, road-test scores and predicted reliability. Toyota and its Lexus cars topped the best values in six of 10 of the magazine’s categories.
These are some of the Consumer Reports best and worst values in the most popular categories:
Copyright 2012 ABC News Radio
Ivaylo Vezenkov and Lauren del Valle, CNN
Paul Menser, BizMojo Idaho
Susan Scutti, CNN