Posts Tagged ‘Honda’
BMW Group is recalling 1.6 million of its popular 3 Series vehicles, making it the latest global automaker to issue a massive recall based on concerns over safety.
Last month the U.S. National Highway Traffic Safety Administration said seven automakers — BMW, Honda (HMC), Nissan (NSANF), Toyota (TM), Mazda (MZDAF), Chrysler andFord (F) – would be recalling vehicles to fix a possible safety defect in air bag inflators built by the Japanese firm, Takata.
The recall affects BMW cars manufactured between mid-1999 and mid-2006. The company said roughly 574,000 cars could be recalled in the U.S.
This follows a NHTSA investigation into six reports of airbag inflator ruptures that occurred in other vehicles, all of which happened in Florida and Puerto Rico. High levels of humidity are believed to contribute to the airbag problem. Over 7.9 million vehicles have been recalled globally due to the problem.
BMW said it had not received any reports about problems with its airbags.
Including an earlier announcement, BMW has now recalled about 1.8 million 3 Series vehicles over these airbag issues. Toyota, Honda, Nissan and Mazda have also recalled millions of vehicles related to issues with the Takata-made airbag inflators.
Takata said last month it would work with the automakers to replace the problematic parts in Puerto Rico, Florida, Hawaii, and the Virgin Islands — places that are known to have high humidity.
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Honda Motor Co and other Japanese automakers on Monday recalled almost 3 million cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to about 10.5 million vehicles over the past five years.
The series of recalls cover both passenger-side and driver-side air bags, which the world’s second-biggest automotive safety parts maker manufactured in 2000-02. The total ranks it among the five biggest recalls in the industry’s history.
And the tally is expanding further as Honda and six other automakers also said on Monday they were recalling more vehicles in some high humidity regions in the United States, in what they called a “field action” at the request of the National Highway Traffic Safety Administration to replace Takata air bag inflators.
In the wider action, Honda said it was recalling about 2.03 million vehicles globally over potentially flawed Takata air bag inflators made in 2000-02 with a risk of exploding and shooting out shrapnel at drivers and passengers, expanding a recall from April 2013. It cited how explosive material used to inflate Takata passenger-side air bags had been handled and processed in 2000-02 at plants in the United States and Mexico.
Nissan said it would recall 755,000 vehicles worldwide, while Mazda said it would call back 159,807 vehicles, both also expanding April 2013 recalls.
Takata Chief Executive Officer Shigehisa Takada and Chief Operating Officer Stefan Stocker said the company was working with safety regulators and car makers. “We will aim to further strengthen our quality control system and work united as a company to prevent problems from happening again,” they said in a statement.
A Takata spokeswoman said it was unclear what the financial impact of the recalls would be, but last year’s recalls cost the supplier $300 million. The 2013 recalls were intended to close the book on a problem that emerged as early as 2007 and has been linked to two deaths.
Separately, Honda, Toyota, Nissan, Mazda, Ford, Chrysler and BMW said they are conducting regional recalls in the United States to replace Takata air bag inflators in certain vehicles in high humidity regions of Puerto Rico, Florida, Hawaii and the Virgin Islands. Most of the companies said NHTSA had determined the regions affected, when asked why other humid areas were not covered.
However, Honda is also recalling affected vehicles in Alabama, Georgia, Louisiana, Mississippi, South Carolina and Texas.
Ford said it was recalling 58,669 vehicles, including certain 2005-2007 model Mustang cars, 2005-2006 model GTs and 2004 Ranger pickup trucks. Mazda said the recall affects about 34,600 vehicles, including 2003-2006 Mazda6, 2004-2008 RX8 and 2006-2007 MazdaSpeed6 cars, and 2004 MPVs. None of the other automakers have determined the number of vehicles affected.
NHTSA did not have an immediate comment.
Nissan said it is determining which models are affected by the recall. A Chrysler spokesman said the 2006 Dodge Charger was the affected model but the scope beyond that has not been determined. BMW said 2001-2006 model year 3 Series cars were affected, while a wide range of Honda models were covered.
TURNING OFF AIR BAGS
The recalls come as General Motors is under scrutiny over why it took more than a decade to discover a faulty ignition switch linked to at least 13 deaths.
Monday’s global recalls by Honda, Mazda and Nissan follow Toyota’s recall last week. Prior to Monday, the four Japanese car makers and BMW had recalled 7.6 million vehicles equipped with potentially defective air bags.
Short of Takata replacement parts, the automakers said they would turn off air bags in Japan as customers bring recalled vehicles into dealerships – judging that an inoperable passenger side air bag is safer than a potentially defective one.
In the United States, NHTSA opened a probe earlier this month on whether Takata inflators made after 2002 are prone to fail, and whether driving in high humidity contributes to the risk of air bag explosions.
In a June 11 letter to the NHTSA, Takata said it would support “regional campaigns” to replace certain driver-side air bag inflators made between January 2004 and June 2007, as well as certain passenger-side inflators made between June 2000 and July 2004. Takata said it will support the replacement of those inflators in vehicles in high humidity areas of Puerto Rico, Florida, Hawaii and the Virgin Islands.
But it did not admit that there is any “safety defect” in the air bags, saying information currently available does not indicate that.
Among previous large-scale global recalls, about 14 million Ford vehicles were affected over a 10-year period to 2009 over a faulty cruise control deactivation switch. From 2009, Toyota recalled more than 9 million vehicles related to unintended acceleration and, in 2012, recalled more than 7.4 million vehicles to fix power window switches
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My nose would shoot to about six feet in length if I exclaimed that gas mileage was an important feature to me when purchasing a car. However, I’m very much in the minority on this one.
Fuel economy has grown to become an increasingly important factor which sways car buyers when making their decisions. One reason this has come to be is that gasoline price growth, adjusted for inflation, is handily outpacing wage growth, also adjusted for inflation, since 1980. This means the real cost of gasoline is rising faster than consumers’ wages, so consumers are having to look toward improved fuel economy when they purchase vehicles.
Another reason we see fuel economy in the spotlight is the negative sentiment built up against the world’s largest oil producers. A number of consumers believe that big oil is evil and are looking for vehicles that run solely on electricity, a mixture of gas and electricity, or on gasoline, but that sip rather than guzzle fuel.
Finally, we’re also seeing beefed-up pressure from individual states and the federal government to improve mile-per-gallon, or mpg, standards, as well as reducing noxious emissions. In August 2012, the Obama administration announced new vehicle fuel-efficiency standards that would require U.S. auto fleets to average 54.5 miles per gallon by 2025, which was up dramatically from its previous target of 34.5 miles per gallon due to hit in 2016. The goal, of course, is to reduce greenhouse gas emissions, while also reducing oil consumption with presumably even more cars on the road.
But, here’s the good news: automakers are listening! In fact, according to a recent Consumer Reports study, nine automakers have managed to build vehicles capable of delivering 50 mpg (mpg equivalent, or mpge, for the ones that don’t burn gas) on the highway or better, leaving their peers decidedly in the dust.
Today, we’re going to look at those nine vehicles and their manufacturers to see what they’re doing right, and determine if these vehicles and automakers truly do have an edge over their peers.
9. Honda Civic Hybrid – 50 mpg
Interested in jumping into a hybrid capable of getting you a cruise-a-licious 50 mpg on the highway for less than $30,000 MSRP? Then the Honda (NYSE: HMC ) Civic Hybrid could be your car of choice. Honda combines its two best attributes with the Civic hybrid – top-notch dependability which we’ve come to expect from Honda and its subsidiary Acura, as well as impressive fuel economy with an electric motor powering the car at lower speeds and kicking over to the gasoline engine at higher speeds. It may not be among the top five, but the Civic Hybrid has attributes that should keep it selling well in the U.S.
8. Volkswagen Passat TDI SE – 51 mpg
No folks, that’s not a misprint – that’s 51 mpg on the highway from a fossil-fuel-burning engine. In this case Volkswagen has turned to its highly reliable diesel-engine technology to get even more impressive gas mileage than the Civic Hybrid. Volkswagen’s U.S. sales have been stagnant for years, and the Passat TDI SE could be the first step in the right direction for the company in the U.S. market. With a base price just north of $26,000, this is vehicle worth keeping an eye on.
7. (tied with six) Toyota Prius Plug-in Advanced – 55 mpg (composite of electricity and gas)
Believe it or not, Toyota (NYSE: TM ) doesn’t dominate this list, but you will see two of its vehicles lined up in the next two spots. The Prius Plug-in Advanced allows for a nice go-between of the electric-gas-hybrid vehicles and solely electric vehicles by giving consumers the option to plug their Prius in to get up to 15 miles of all-electric range at 62 mph or less. A more efficient and higher capacity lithium-ion-battery pack is what allows the Prius Plug-in Advanced to achieve this superior electric range. In other words, for those with short commutes, this could be a smart choice! However, at a price point north of $34,000, the Prius Plug-in Advanced, even with its reduced price for 2014, may not offer enough fuel efficiency based on its price.
6. (tied with seven) Toyota Prius Four – 55 mpg
Now the Toyota Prius Four certainly hits a perfect chord with consumers looking for the iconic Prius styling and impressive fuel efficiency which topped out at 55 mpg on the highway. With a base MSRP of $28,435 for the Prius Four, which comes with a few premium upgrades, including the solar roof package, navigation, and head-up display, it’s right in line with the price point of the Honda Civic Hybrid while providing superior fuel economy.
5. Chevrolet Volt – 76 mpg (composite of electricity and gas)
Similar to the Prius Plug-in Advanced, the Chevy Volt, which is manufactured by General Motors (NYSE: GM ) , allows consumers to travel an EPA-estimated 38 miles before its gas-powered generator kicks in and allows the car to go an estimated 380 miles on a full tank. Simply put, if you have a relatively short commute, it’s incredibly likely you could go weeks or months between a gas fill-up. On the flipside, the Volt has also been associated with a number of battery issues and recalls, and even with a reduced price point for 2014 still appears a bit pricey. It may be a few more years before General Motors and Chevy have a success on their hands with the Volt.
4. Tesla Model S (base, 85 kWh) – 102 mpge
No list of the most fuel-efficient vehicles on an mpg or mpge basis would be complete without including America’s most vaunted electric vehicle, Tesla Motors (NASDAQ: TSLA ) Model S (in this case with the superior 85-kWh-battery package). The advantage of the Model S is that it provides the most comparable all-electric driving range to gas-powered vehicles, but it does come with a hefty price point that’s north of $60,000 and will price most consumers out of the market. Furthermore, with the Model S being so new, there’s no used market, so leasing isn’t an option at the moment. The car certainly could be called exclusionary, but there is undeniable demand for the Model S in the U.S. which could translate to big profits for Tesla moving forward.
3. Ford Focus Electric – 107 mpge
If you absolutely don’t want to leave a carbon footprint, but can’t stand the high price point of the Tesla Model S, Ford‘s (NYSE: F ) all-electric Focus could be the answer. The Electric Focus will only run about half the price of the Model S, but it still comes with some hefty drawbacks, including a driving range estimated to be only 76 miles, and a top speed that caps out at 82 mph. In addition, the same exclusions apply for Focus Electric owners in that they’ll need a plug for overnight charging, meaning condo owners and apartment renters probably need not apply.
2. Mitsubishi i SE – 116 mpge
Someone had to produce the cheapest electric vehicle; and why not Mitsubishi! The subcompact Mitsubishi i SE is an all-electric vehicle with absolutely no frills attached. Its stodgy interior can fit four people and the car itself can get an EPA-rated 62 miles on a single charge for an MSRP of less than $29,000 before tax breaks. Of course, this cheaper price comes with some drawbacks as well. The car has top speed of just 81 mph (perhaps with the wind at its back), but more importantly has just a 62-mile range and can take 21 hours on a standard 110-volt charger to reach a full charge. If you pony up for the 240-volt charger (which I strongly suggest you do), the charge time dips to an expected six to seven hours.
But the No. 1 most “fuel-efficient” vehicle on the highway is…
1. Nissan Leaf SL – 118 mpge
Taking the top spot in terms of highway fuel-efficiency is Nissan‘s Leaf SL which gets an average of 84 miles per each full charge. Although the Nissan Leaf costs a few thousand more than the Mitsubishi i SE, it comfortably seats five people, offers a respectable 107 horsepower, and the SL model comes with upgrades such as 17-inch alloy wheels, fog lights, and leather-appointed seats. Long story short, with the exception of price point, the Nissan Leaf SL appears to be superior in every way to the closely rated Mitsubishi i SE. It may not compared with the Tesla Model S driving range by any means, but it gives cost conscious and carbon footprint aware consumers a perfect vehicle to turn to in the U.S.
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While car brand reputation can be a strong influence on purchase decisions, such perceptions can be misleading. The reality is, every brand offers models that perform across a spectrum, with some clearly better than others.
As we see in our annual Car Brand Perception survey, how consumers view brands can often be a trailing indicator and not reflect the current reality. To further illustrate this point, we have compiled a list chronicling the best and worst models by brand based on our overall test scores.
The test performance variation differs from brand to brand, with some brands’ worst model being still doing rather well, while others span a wide range, making any generalities quite misleading. Take Audi, for example. Even its worst model, the A5, scores a 74 (out of 100) and meets our performance standards, safety, and reliability criteria to be Recommended. Meanwhile, the best Jeep is the Grand Cherokee Limited. It earns 77 points in our tests, only three points more than the worst Audi. But the Jeep Wrangler Unlimited marks the low point in our current ratings, scoring only a 20. The gap between best and worst can be even broader. Chevrolet, for instance, spans from the Impala (95) to the Spark (36).
The list below includes all brands for which Consumer Reports has tested at least three different models recently, thereby excluding Land Rover, Mini, Ram, Smart, and Tesla.
|Acura||Acura TSX (4-cyl.)||Acura RLX Tech|
|Audi||Audi A7 3.0 TDI||Audi A5 Premium Plus (2.0T)*|
|BMW||BMW 328i||BMW 750Li*|
|Buick||Buick Regal Premium I*||Buick Encore Leather|
|Cadillac||Cadillac XTS Premium||Cadillac SRX Luxury|
|Chevrolet||Chevrolet Impala 2LTZ (3.6)||Chevrolet Spark 1LT|
|Chrysler||Chrysler 300 (base, V6)||Chrysler Town & Country Touring-L|
|Dodge||Dodge Durango Limited (V6)||Dodge Journey Limited (V6)|
|Fiat||Fiat 500 Abarth||Fiat 500L Easy|
|Ford||Ford Fusion SE Hybrid||Ford Fiesta SE sedan|
|GMC||GMC Sierra 1500 SLT (5.3L V8)||GMC Terrain SLE1 (4-cyl.)|
|Honda||Honda Accord LX (4-cyl.)||Honda Insight EX|
|Hyundai||Hyundai Sonata Limited (2.0T)||Hyundai Accent GLS sedan|
|Infiniti||Infiniti Q70 (M37, V6)||Infiniti QX80 (QX56)|
|Jaguar||Jaguar XJL Portfolio*||Jaguar XK Convertible*|
|Jeep||Jeep Grand Cherokee Limited (V6)||Jeep Wrangler Unlimited Sahara|
|Kia||Kia Cadenza||Kia Rio EX hatchback|
|Lexus||Lexus LS 460L||Lexus IS250 (AWD)|
|Lincoln||Lincoln MKZ Hybrid||Lincoln MKS (base, 3.7)|
|Mazda||Mazda MX-5 Miata Grand Touring||Mazda2 Touring|
|Mercedes-Benz||Mercedes-Benz E250 BlueTec (AWD)||Mercedes-Benz CLA250|
|Mitsubishi||Mitsubishi Lancer Evolution GSR||Mitsubishi iMiEV SE|
|Nissan||Nissan 370Z Touring coupe||Nissan Versa SV sedan|
|Porsche||Porsche Boxster 2.7||Porsche Cayenne (base, V6)|
|Scion||Scion FR-S||Scion iQ|
|Subaru||Subaru Forester 2.5i Premium||Subaru Tribeca Limited|
|Toyota||Toyota Camry Hybrid XLE||Toyota FJ Cruiser|
|Volkswagen||Volkswagen Passat SEL Premium (V6)||Volkswagen Beetle 2.5L (MT)*|
|Volvo||Volvo S60 T5*||Volvo XC90 3.2|
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As of late, Honda hasn’t been a brand associated with fun-to-drive cars. The new Civic Si barely satisfies our pallets for performance, but there is a a model worth caring about that has long been absent from the lineup. It’s the 280-horsepower Civic Type R (concept), and in this fiery guise, it looks epic.
This burning hot hatch will be the first model to employ Honda’s new turbocharged 2.0-liter VTEC engine (when produced). The inline-four will put down close to 280 horsepower, all sent to the front wheels, of course.
With all that power, Honda has big plans in mind for its latest hot hatch. They want the Type R to be the fastest front-wheel drive car around the Nurburgring, surpassing the current 8:07.97 lap time set by the Renault Megane 265 Trophy. Game on.
Of course — with any Type R — we likely won’t see it in the US. The Euro-only hatch is currently on display in concept form at the Geneva Motor Show and will likely go on sale later in the year with minor changes. We are red-hot with jealousy.
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The U.S. auto industry announced in 2013 that it was back in full force with unit sales increasing to 15.6 million, up better than 7% from 2012, and crossing the 15 million mark for the first time since 2007.
A combination of an improving economy, lower unemployment rates, and historically low lending rates have encouraged consumers to jump into what could be a once-in-a-lifetime opportunity to purchase their dream car at a very attractive lending rate.
Needless to say, a lot of thought and effort goes into which car a consumer will purchase. Consumers often look at fuel economy, read reviews online, test drive the vehicle (perhaps a number of times), ask for advice from family and friends, and also plot out how much they’re willing to spend on their vehicle over the life of a loan if they choose to finance it.
One thing that consumers often overlook, though, is the dependability of the vehicle they’re considering buying. For a new car buyer, the expectation is that they’ll encounter few maintenance problems for the first couple of years, and if they do, that their warranty will cover those snafus. For a used car purchaser, dependability is everything since there’s rarely any warranty attached to a used car purchase.
Not only is dependability important for your pocketbook in that more dependable vehicles will cost less to maintain, but it’s also the silent advertiser for a brand. As J.D. Power & Associates has demonstrated through its research, 56% of car owners who report having no problems return to the same brand, while 42% who reported three or more problems kept their same brand of vehicle with their next purchase. Therefore, vehicle dependability can, at least partially, help us predict which brands’ sales may move higher and which brands may struggle based on this vehicle dependability-brand loyalty correlation.
America’s five most dependable automotive brands
To that end I turn to J.D. Power & Associates annual vehicle dependability study for 2014. The study itself looks at three-year-old models from a number of brands (i.e., all 2011 models) and asks consumers if they experienced one or more of 202 noted problems. J.D. Power then ranks those car brands from top to bottom based on how many problems were reported per 100 vehicles, commonly known as its PP100 metric. Dependability is especially important this year when you consider that J.D. Power’s study uncovered the first rise in reported problems, especially engine and transmission problems, since 1998!
Let’s have a look at the five top automotive brands according to J.D. Power’s study and then note what brands really stood out, as well as which brands faltered.
As a warning, you may be shocked to discover which brand decisively took the No. 1 spot in vehicle dependability!
No. 5: Buick (112 problems per 100 vehicles)
Rising from the sixth spot into the top five this year is Buick, owned by General Motors(NYSE: GM ) which had consumers report just 112 problems per 100 vehicles as opposed to 118 PP100 in last year’s study from J.D. Power. The real standout for Buick was the Lucerne which took top honors in the large car category, besting Toyota‘s (NYSE: TM ) Avalon and Ford‘s (NYSE: F ) Taurus. As Foolish auto analyst John Rosevear notes, Buick is doing a really nice job transitioning into a global brand.
No. 4: Acura (109 problems per 100 vehicles)
Honda Motors‘ (NYSE: HMC ) Acura was another big mover in 2014, vaulting higher by four spots to fourth place from eighth with 109 PP100 reported compared to 120 PP100 last year. Like GM’s Buick, Acura only took top honors in one category (compact premium CUV) with its RDX, but it also claimed a tie for the third-highest rating in the midsize premium CUV category with the Mercedes-Benz M-class. Honda and Acura are relatively synonymous with economical but dependable vehicles in the U.S., making this ranking not too surprising.
No. 3: Cadillac (107 problems per 100 vehicles)
Chalk up another victory for General Motors which can claim its second top-five brand for dependability in Cadillac. Year over year, Cadillac surged 11 spots to No. 3, with vehicle owners reporting only 107 PP100 compared to 128 PP100 last year. This huge jump came in only second to Jaguar which vaulted 13 spots higher in J.D. Power’s rankings. Cadillac took home the top honors for its large premium CUV, the Escalade, as well as large premium car, the DTS, which tied for the top spot with the Lexus LS. Cadillac has certainly done its best to focus its efforts on a slightly younger crowd, and these improved dependability ratings should help.
No. 2: Mercedes-Benz (104 problems per 100 vehicles)
Jumping three spots in 2014 to No. 2 with only 104 PP100 compared to 115 PP100 reported in the prior year is Daimler‘s (NASDAQOTH: DDAIF ) Mercedes-Benz. What’s particularly interesting here is that Mercedes-Benz didn’t win any of the 22 vehicle categories as outlined by J.D. Power, but it did place or show in quite a few which speaks to its overall consistency. Mercedes-Benz ranked second in midsize premium car with its E-Class sedan/wagon, second in large premium CUV with its GL-class, second in compact premium CUV with its GLK-class, and tied for third with the Acura MDX in the midsize premium CUV category with its M-class. Simply put, if consumers are going to pay a premium price, they expect premium results, and Mercedes-Benz appears to be delivering on that promise.
And the real shock (at least to me)…
No. 1: Lexus (68 problems per 100 vehicles)
I guess it shouldn’t be that much of a shock since Toyota-owned Lexus was first in last year’s ratings as well, but I recall shortly after I got my license, nearly two decades ago, how I was admonished from buying a Lexus because of their dependability issues. This rating simply confirms how far the brand has come in less than two decades as its PP100 of just 68 is light years ahead of second-place Mercedes-Benz, and even lower than the 71 PP100 that J.D. Power reported last year. Lexus tied its LS for top large premium car with the Cadillac DTS, was the top midsize premium car with the GS, and nabbed both the No. 1 and No. 2 spots in compact premium car with the ES and IS, and midsize premium CUV with the RX and GX.
Here are J.D. Power’s full rankings based on PP100:
Source: J.D. Power 2014 U.S. Vehicle Dependability Study.
Obviously brands in the top five can be construed as winners, but General Motors, Toyota, and Honda deserve special recognition since they brought home eight, seven, and six, of the top category awards, respectively – that’s 21 of 22 categories won by just three companies!
As I stated above, Toyota and Honda generally build no-frill vehicles, choosing instead to focus on improving fuel economy and storage space. The end result for years has been a reliable vehicle that will get the consumer from point A to B with ease, and without too many automotive issues.
The real shock here is the dominance by General Motors’ vehicles and the total absence of Ford, save for a runner-up effort in the midsize pickup category with its Ranger. GM is hoping to translate these key wins into strong sales for its recently redesigned trucks, the Silverado and Sierra, which it hopes will give Ford’s dominant F-Series a run for its money. Early sales of GM’s Silverado have been mixed with winter weather and parts shortages eating into total unit sales, but as Foolish auto guru John Rosevear recently pointed out, it’s actually spending fewer days on dealership lots than either of its foes, signaling that GM may indeed be on the up-and-up.
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Let me plant this scenario in your head, as I’d bet this has happened to a majority of you reading this right now. I’ll admit, it’s happened to me. Here’s the scenario:
You’re at the car dealership, and you’ve picked out the car of your dreams, or perhaps something to get you from point A to B and/or handle that new addition to your family. You discuss financing options with the dealership and pat yourself on the back for negotiating a notable reduction in price from where you started. By at this point in time, you’re quite proud of yourself. You drive the car off the lot and feel like a victor for what might be days or weeks.
Then, one sunny afternoon (or since I live in Seattle, stormy winter’s night) while checking the resale value of your car online, you realize that with just a couple thousand miles on what is essentially your brand-new vehicle it’s worth thousands, or perhaps even tens of thousands of dollars, less now than what you paid for it just months prior.
This is the plight of the new car purchaser. Consumers can certainly trade down to used cars for a cheaper sticker price, but they’ll often pay the penalties of buying as-is with no warranty and could be in line for a number of repairs. If these same consumers choose a new vehicle, their warranty will cover a number of repairs and maintenance options, but they’ll deal with their vehicle immediately depreciating once they drive it off the lot.
What the new car purchaser would really prefer to do is find that common ground between buying a new car and not having it depreciate rapidly over time. Unfortunately, the average new car in 2014 is expected to lose 60% of its original value after five years. Thankfully, we have Kelley Blue Book to help us out.
Kelley Blue Book recently released a report detailing 10 car models that hold the highest resale values after the five-year mark. According to its figures, all 10 of these car models maintain at least half of their original value after five years. As a car enthusiast, perhaps nothing surprised me more than what car model held the No. 1 spot!
By understanding which models deliver the best resale, we not only can make smarter decisions as consumers, it could point to which vehicles are likely to drive automakers’ sales higher moving forward.
Here are the 10 car models with the highest resale values (all models are 2014).
10. Dodge Challenger: resale value at 36 months (60.8%) / 60 months (50.5%)
Behold the ongoing rebirth of the American muscle car! Because of consumers’ seemingly insatiable appetites for horsepower at the moment, seeing the Dodge Challenger squeak in at No. 10 isn’t a surprise in the slightest. The Challenger is maintaining high interest among consumers for its reasonable price point — ranging from a tad over $26,000 up to nearly $46,000 — and heart-pumping 305 to 470 horsepower. An aggressive, sleek look coupled with unbridled power should keep Challenger sales rolling strong in 2014.
9. Chevrolet Silverado 1500: resale value at 36 months (59%) / 60 months (50.6%)
What a difference a remodel can make forGeneral Motors‘ (NYSE: GM ) Chevy Silverado. It’s been roughly eight years since the vehicle has had a major redesign, but it’s clear from initial sales of the vehicle that GM has had trouble simply keeping up with demand. Although sales have stagnated over the past two months, as Foolish auto analyst John Rosevear pointed out, the average number of days a Silverado sits in a car dealership’s lot before being sold is lower than both of its major domestic rivals. That proves the demand is there and gives us a primary reason Silverado’s resale value is so high.
8. Honda CR-V: resale value at 36 months (63%) / 60 months (50.7%)
Why Honda Motor (NYSE: HMC ) ? Simple: reliability. Consumer perceptions can go a long way to boosting the value of a vehicle in the auto sector, and Honda vehicles exude the idea of being economical, maintaining good gas mileage, and requiring less long-term maintenance relative to their peers. The CR-V is the perfect blend of the above, blending the space of an SUV into a compact form, while still providing reasonable gas mileage and the expectation of years of drivability without issues.
7. Chevrolet Camaro: resale value at 36 months (63.7%) / 60 months (51.9%)
Have I mentioned that Americans are really fascinated with the resurgence of the American muscle car? Perhaps no vehicle has captivated the attention of consumers than the Chevy Camaro, which is the best-selling muscle car — topping Ford‘s (NYSE: F ) Mustang and the Dodge Challenger — since 2009. In 2013, the Camaro nosed out the Mustang for the top spot in muscle-car sales and actually left the Challenger eating its dust. With extremely reasonable price points and an engine that cranks out 323-580 horsepower depending on what model you choose, the Camaro’s future and its resale value looks bright.
6. Toyota Tundra: resale value at 36 months (63.7%) / 60 months (52.3%)
We have to jump all the way up to the No. 6 spot to see our first appearance of a Toyota(NYSE: TM ) vehicle — but here’s a hint: You’ll get used to it! The Tundra is a bit of a curious case, as it’s not even close to being among the top 20 vehicles sold. Instead, Ford’s F-Series pickups, the Chevy Silverado, and the Dodge Ram run circles around the Tundra in terms of total units sold. What’s curious is that it holds the most superior resale value of the bunch, likely having to do with consumer perception of its superior reliability, as well as the fact that it can actually come with a number of equipment add-ons that can give it an edge over its peers.
5. Chevrolet Corvette: resale value at 36 months (67.5%) / 60 months (53.5%)
Surprise! Americans like muscle cars! General Motors is surprisingly cleaning up on thisKelley Blue Book list, but it does have a major redesign of the Chevy Corvette to thank for that.
In years past, you pretty much had to sign over your first born to park a Corvette in your driveway. But the redesign, which comes complete with a new hydroformed aluminum chassis, can be had for a bargain-basement $52,000 MSRP and delivers 455-460 horsepower. As long as longtime Corvette enthusiasts don’t balk at the stylistic changes, there’s a good chance the Corvette will remain on this list for some time to come.
4. Toyota 4Runner: resale value at 36 months (66.6%) / 60 months (56.2%)
Sometimes minimal change is for the best, as we see with the No. 4 spot on Kelley Blue Books’ resale value list with the Toyota 4Runner. It’s been four years since there’s been a major resdesign of the 4Runner, and this appears to be one of those situations where the automaker says, “If it isn’t broke, don’t fix it!” The 4Runner relies on consumers’ perception of reliability for the Toyota brand and the fact that few midsized off-road capable SUVs remain on the market.
3. Jeep Wrangler: resale value at 36 months (70.3%) / 60 months (59.1%)
In addition to unbridled horsepower, the resale value of genuine off-road vehicles is unparalleled with the Jeep Wrangler. This is the second year in a row the Wrangler has held the No. 3 spot, and it’s the highest-ranked American-made brand on the list. With genuine off-road-capable vehicles becoming difficult to come by these days as automakers move more toward luxury features, the Wrangler is likely to remain on this list because of this niche aspect.
2. Toyota Tacoma: resale value at 36 months (73.7%) / 60 months (61.9%)
Yet again, another Toyota vehicle in the top six! Like the previous Toyota models, the historic reputation of Toyota is what appears to drive the value of these vehicle down at a much slower pace over the long term. With few frills added, the Tacoma is simply a reliable midsize truck that consumers can drive the wheels off of without worrying too much about repairs or gas mileage.
And the No. 1 vehicle for best resale value is …
1. Toyota FJ Cruiser: resale value at 36 months (81%) / 60 months (70%)
That’s right … the FJ Cruiser. Perhaps one of the odder-looking vehicles on the road takes the best resale value yet again and clinches Toyota the position as top dog for resale value in the U.S. The FJ Cruiser’s leading resale value comes from a combination of unique styling, which simply has no comparison, as well as its ability to successfully navigate off road. Being able to combine city and utility functions into a unique body styling earns the FJ Cruiser the honor of America’s best resale value vehicle.
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The perennial leaders Toyota, Ford, Honda, and Chevrolet stand out as the top brands in consumers’ minds based on the 2014 Car-Brand Perception Survey, conducted by the Consumer Reports National Research Center. Several other brands—including Tesla and Subaru—are moving up the rankings.
These scores reflect how consumers perceive each brand in seven categories: quality, safety, performance, value, fuel economy, design/style, and technology/innovation. Combining the scores for those factors gives us the total brand-perception score.
Of course, perception and reality often differ. Perception can often be a trailing indicator, influenced by word-of-mouth, marketing, and anecdotal hands-on experience. Analyzing the data collected from interviews with 1,578 random adults in car-owning households, we see that there is often a notable correlation as to what might inspire someone to think a brand excels. For instance, a company may be known for clever infotainment systems, giving it a perception edge in technology/innovation, but a closer look can reveal satisfaction and reliability concerns among owners.
The annual brand rankings provide a horse-race view of how consumers think of the brands. As you scan the list, and read the full brand-perception report, consider if your own impressions match those of others. And think about what might be affecting the ranking. Doing so will help make you a more critical car shopper and hopefully make it easier to separate the actionable, objective data—such as what’s readily available at ConsumerReports.org—from subjective impressions.
In some cases there was rather dramatic movement, with many brands capturing a higher score. Tesla and Subaru were the big movers, each buoyed by a standout year for headlines, safety accomplishments, and media accolades. Gains made by Buick, Cadillac, Smart, and Volkswagen are noteworthy too.
Toyota’s high score seems to reflect the brand’s overcoming the damage due to the publicity in 2009 to 2010 regarding sudden acceleration concerns with some its models. As brands gain or lose points throughout the seven factors, the annual shift can add up to a dramatic one. The key here is momentum, and we’re seeing many brands on the rise over time.
Read our complete report on the 2014 Car-Brand Perception Survey to see how the brands measured up in the seven categories and which brands are the lowest ranked.
Providing a true reality check, Consumer Reports will be publishing its annual automaker report cards on Feb. 25, ranking the brands based on a composite score that factors road test overall score and predicted-reliability
As we’re about to close the door on 2013 and ring in 2014, we decided to take a look back at which vehicles were the most popular on our site. We checked out new and used models subscribers were researching on ConsumerReports.org for the last year based on visits to our info-rich model pages.
Every day potential car buyers look to our independent test scores and reliability survey results to aid their research and help determine the best vehicle to buy for their needs. We looked at visits to our vehicle model overview pages from Jan. 1 through Dec. 15, 2013, to compile this list of the top 10 most popular new and used cars.
So, what are car buyers looking for? SUVs and sedans are heavily researched among subscribers in new and used categories. All the top new car models listed are from Asian brands and do well in our tests; we often see that our subscribers gravitate toward vehicles that tend to populate our myriad “best” lists. The Honda CR-V and Subaru Forester were quite close in the new car list, with a clear advantage over the third-place Honda Accord. This follows what we have seen in our surveys, that there is much movement in purchase intent toward small SUVs from car owners moving up and down in size. What may be surprising to some is that there are no pickup trucks (the most popular vehicle type) on either list.
Similar models comprise the used-car list. The close race in this group is the near statistical ties between the Toyota RAV4 and Honda CR-V. Another key difference is the BMW 3 Series being the lone European model to find such favor, and the only luxury model in the used list.
From our lists below, presented in rank order, click on the model names to visit their model pages and learn why they are drawing so much attention.
Most popular new cars:
Most popular used cars:
The Toyota Prius has earned top honors for the second year in a row in Consumer Reports’ ranking of the best-value cars.
The product-testing organization said Wednesday that the Prius, which retails for $29,230, “has the right combination of performance, reliability and low estimated five-year ownership costs of 47 cents per mile.”
To create its rankings, Consumer Reports tested over 200 vehicles currently on the market, looking at road-test scores, reliability and five-year owner-cost estimates. The Honda Fit, this year’s runner-up, held the number-one spot in the Consumer Reports ranking for four years running before it was unseated by Toyota’s (TM) Prius last year.
Coming in at the bottom of the ranking was the Nissan Armada SUV, which gets only 13 miles per gallon of gas and generated a large number of complaints from Consumer Reports subscribers.