2019 Mitsubishi Outlander wins Kelley Blue Book "5-Year Cost to Own" award

CYPRESS, Calif.Mitsubishi Motors North America, Inc. (MMNA) the fastest-growing Asian brand in the U.S. for the second consecutive year*, today announced that the 2019 Mitsubishi Outlander has been honored with the 2019 Kelley Blue Book 5-Year Cost to Own Award in the three-row Mid-Size SUV/Crossover category.

The Kelley Blue Book 5-Year Cost to Own Awards honor vehicles and brands, both luxury and non-luxury, with the lowest projected ownership costs, based on Kelley Blue Book's 5-Year Cost to Own data for new cars over the initial five-year ownership period. The 2019 Outlander outperformed its competitors in one of the hottest vehicle segments today, the three-row mid-size crossover utility vehicle (CUV) segment.

"Outlander offers consumers one of the best value packages in an incredibly popular segment, and Kelley Blue Book's 5-Year Cost to Own Award is a testament to that value," said Mark Chaffin, COO, MMNA. "Boasting the lowest projected long-term operating costs in its segment, the Mitsubishi Outlander continues to impress consumers and offers the safety, dependability and conveniences they are looking for in a CUV."

Kelley Blue Book's 5-Year Cost to Own Awards take into consideration a variety of factors that contribute to vehicle expenses, including depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs and state fees for all new models. The award also helps new car shoppers make more informed purchasing decisions by breaking down typical ownership costs while recognizing the brands and models with the lowest projected five-year total.

"The Mitsubishi Outlander leads the Three-Row Mid-Size Utility segment due to its low depreciation and minimal state fees," said Eric Ibara, director of 5-Year Cost to Own for Kelley Blue Book. "The Outlander is currently the most affordable three-row vehicle on the market, and its low entry-price ultimately translates into lower depreciation. It also has the lowest amount of state fees in the segment and is relatively easy to finance in comparison to its competitors."

The Mitsubishi Outlander has received other notable industry recognitions, and was recently named an Insurance Institute for Highway Safety (IIHS) TOP SAFETY PICK, when equipped with optional front crash prevention and specific headlights**.

The 2019 Outlander includes new exterior enhancements to the headlamps and grille, and adds 18" alloy wheels. Improved quietness, suspension, handing and steering further increase overall ride comfort.

Each Outlander is also backed by Mitsubishi's 10-year/100,000-mile Powertrain Limited Warranty, a 5-year/60,000-mile fully transferable New Vehicle Limited Warranty, a 7-year/100,000-mile Anti-Corrosion/Perforation Limited Warranty and 5-year/Unlimited Miles Roadside Assistance.

For more information on the 2019 Mitsubishi Outlander, please visit media.mitsubishicars.com.

About Mitsubishi Motors North America, Inc.
Through a network of approximately 355 dealer partners across the United States, Mitsubishi Motors North America, Inc., (MMNA) is responsible for the sales, research and development, marketing and customer service of Mitsubishi Motors vehicles in the U.S. 2018 marked the brand's sixth consecutive year of sales growth.

Located in Cypress, Calif., MMNA is a part of the Renault-Nissan-Mitsubishi Alliance, the largest automaker alliance in the world. Mitsubishi continues to lead the way in the development of highly efficient, affordably priced new gasoline-powered automobiles, while using its industry-leading knowledge in battery-electric vehicles to develop future EV and PHEV models.

For more information on Mitsubishi vehicles, please contact the Mitsubishi Motors News Bureau at (888) 560-6672 or visit media.mitsubishicars.com.

About Kelley Blue Book

Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Each week, the company provides market-reflective values on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Kelley Blue Book® Price Advisor tool, which provides a range for what consumers can reasonably expect to pay for a vehicle in their area. Car owners looking to sell immediately can also get a redeemable, transaction-ready offer with Kelley Blue BookSM Instant Cash Offer. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. Kelley Blue Book launched its first international consumer-facing site in 2017. Kelley Blue Book is a Cox Automotive brand.

About Cox Automotive
Cox Automotive Inc. makes buying, selling and owning cars easier for everyone, while also enabling mobility services. The global company's 34,000-plus team members and family of brands, including Autotrader®, Clutch Technologies, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come.

Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with revenues exceeding $20 billion. www.coxautoinc.com

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*Based on Motor Intelligence CY2017 and CY2018 Sales by Manufacturer data. Excludes premium brands.
**Applies only to models with optional front crash prevention + specific headlights.