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Toyota tops Kelley Blue Book's Resale Value Awards

Kelley Blue Book announced its annual Best Resale Value Award winners, and we weren't too surprised to see the list dominated by Japanese automakers - mainly Toyota and Honda. KBB hands out the awards based on the projected residual value of mostly all 2013 model year vehicles, and Toyota skated home with a number of awards including 10 of the 22 overall categories and having five of its products in the top 10 for models with best resale value. KBB's Best Resale Value Awards were announced in the same week as the ALG Residual Value Awards, and there were many similarities between both lists, especially when it came to Toyota.
To come up with its winners, KBB measures depreciation over the first five years of ownership, and looks for the cars it expects to hold its value the best after this time; on average, the report says the 2013 model year vehicles will lose 61.8 percent of its value in five years. Of the 22 categories, 15 slots were filled by Toyota, Honda and Nissan products, while the Camaro and Porsche (Cayenne and Panamera) each took home a pair of awards. If Toyota has anything to be upset about in this list of cars, it's that categories for Hybrid/Alternative Energy Car and Electric Vehicle went to the Ford Fusion and Chevrolet Volt, respectively.
The overall top 10 models for the best resale value in 2013 are, in alphabetical order:

GM won't pay owners of recalled cars for lost value

Kenneth Feinberg, the man in charge of the General Motors compensation fund dealing with the its widespread ignition switch woes, has issued an informal, two-letter response to the plaintiffs in more than 70 lawsuits seeking redress for lost resale value of their Cobalts: "No." The cases were recently combined into one, but Feinberg told The Detroit News that the fund will deal "only with death and physical injury claims," and that "perceived diminished value" will get no consideration.
ALG, the firm specializing in establishing residual values, determined that Cobalt owners had lost $300 compared to the segment competition and doesn't envision any long-term effects from the recall situation. Feinberg's statement comes in advance of public details on how the compensation fund will work and adheres to GM's long-held position on the matter. The company has already asked a judge to throw out such suits using the pre-bankruptcy defense, even as it stopped using that defense in cases of injury and death.
With plenty of potential gain from the GM suit, however, don't expect the plaintiffs to give up yet. When Toyota was sued for the same reason during the unintended acceleration debacle, it eventually settled the case for between $1 billion and $1.4 billion just to get it over with. Since the 85 law firms involved in the Toyota litigation took home more than $250 million of that total, we shouldn't expect the attorneys to give up on a GM payout, either.

See the new COPO Camaro's awesomeness from many angles

Considering that the COPO Camaro exists solely to drag race, the action you'll see in this video comes as little surprise. Still, Chevrolet Performance wants to prove that the 2016 model, which uses on the sixth-gen body, is just as adept launching down the strip as previous COPOs. This example may still be testing, but its 427-cubic-inch V8 performs like a champ. The engine's raw muscle, at least when coupled with suitably wide and sticky tires, is enough to lift the front wheels when the driver puts the hammer down off the line. This video from Chevy Performance shows off all the drag-strip action from several unexpected angles. You can watch the rear axle at work and even see the engine under the hood during the run. Our personal favorite is the shot of the launch from underneath the car – it's a perspective you never usually get to see. And, naturally, there are lots of great angles showcasing the car's massive burnout potential. The 2016 COPO Camaro debuted at SEMA in 2015. Buyers have a choice of three V8s, and all of them come with a three-speed automatic gearbox, solid rear axle, and adjustable suspension. Relish this opportunity to see the 2016 COPO Camaro at work, but remember, it's a rare beast. As in years past, Chevy plans to build just 69 of them. Over 5,500 people applied to get one in 2016, and the first example brought $300,000 for charity. Related Video: