Filed under: Car Buying , Acura , Chevrolet , Honda , Hyundai , Lexus , Lincoln , Mercedes-Benz , Nissan , Scion , Subaru , Toyota Drive a new car off the lot and, boom, it’s used and not worth nearly what you own on it. But to help buyers counter this to the best of their abilities, ALG has released its 14th annual list of best bets for retained value. Toyota stands out from the crowd with nine total awards on the list, including its Scion and Lexus brands. But Honda took the top spot among mainstream brands with Hyundai second and Scion third. Subaru is fourth and Mazda fifth. In the premium brand rankings, Acura is ranked Number One, while Infiniti and Audi bring up second and third. In fourth place is Lexus and in fifth, Mercedes-Benz . Chevrolet is listed as number fifteen – last place on the mainstream list, while Lincoln is at the bottom of premium brands in tenth position. “Hyundai’s ascent as a brand is nothing short of impressive,” said Larry Dominique, president of ALG in a press release. “Since 2007, when the brand ranked in the bottom quartile for residual value, Hyundai has delivered well-executed product, and has kept incentives and fleet – two elements that can quickly damage residual value – in check.
Filed under: Car Buying , Audi , Ford , Honda , Hyundai , Toyota , Design/Style The 2013 Ford Fusion is probably the latest, greatest example of a completely redesigned car that has evoked widespread calls of “Look at that!” Above its buzzworthy looks, though, Ford will be concerned about how the 2013 Fusion sells and by how much – if at all – it beats sales of the previous version. Cars.com has run the sales numbers on 61 models that have been redesigned in the past four years, ranking them as Winners, Underperformers and Losers depending on how a new-generation model is selling compared to the one it replaces. The rankings are sorted by sales class – small, medium and large sellers – so that the success of a niche sports car is weighted differently than the success of a popular midsize car. Compared to a four-year sales average for redesigned cars in each class, Winners were those who outsold the average, Underperformers didn’t make the average but did outperform the previous year’s (hence, the previous car’s) sales, while Losers couldn’t do any better anywhere. Among the most recently introduced winners were the Toyota Camry and the Honda CR-V . The Camry beat the Four-Year Category Average Redesign Increase for large sellers by 2.2 percent, the CR-V managed 0.2 percent. Underperformers included the Audi A6 / S6 which, even though it has outsold the previous generation by 58 percent, still isn’t getting near the small seller category average of 79.2 percent. The new Hyundai Accent is also considered an underperformer, the new model boosting sales by 5.5 percent – nowhere near the 61.5 percent of the medium seller category average. The only Loser listed in the chart is the Honda Civic , taking one last thrashing before the “honed” 2013 redesign gets a chance to right the ship. As for that Fusion, the 2013 model has strong numbers to follow: the 2010 Fusion was a huge winner, putting up a 55.1-percent increase in the large seller category, beating the average by 33 percent.
Filed under: Car Buying , Etc. , Ford , Honda , Hyundai , Lexus , Toyota ALG reports both Ford and Hyundai have seen substantial jumps in their respective perceived quality, with the Blue Oval enjoying a 37 percent jump since 2008. Hyundai, meanwhile, has seen its figures increase by 25 percent over the same five years. For industry watchers, the news should offer no real shock. Both manufacturers have been on a new-product warpath, offering models laden with fresh design, efficient drivetrain options and plenty of technology while steadily increasing quality. The increase has been enough to push Ford to fourth on the list of brands with the highest perceived quality with a score of 70.5. That score puts Ford just behind Subaru with a score of 71.1. Ford and Hyundai may have had strong showings, but Honda has snagged top honors among mainstream brands with an 81.3 perceived quality score, followed by Toyota with 80.1. Lexus walked away with the highest rank among luxury brands, followed by Mercedes-Benz and BMW . Cadillac , Lincoln and Jaguar , meanwhile, all fell below the luxury average of 71.2 points.
Filed under: Car Buying , Ford , GM , Hyundai , Kia , Toyota , Earnings/Financials The annual “Car Wars” report by Merrill Lynch analyst John Murphy predicts that, despite their seizing of U.S. market share over the last few tumultuous years, Korean brands Hyundai and Kia will give it all back and then some to companies like Ford , General Motors and Toyota by 2016. Murphy bases his predictions not on tea leaves or crystal balls, but rather the rate at which automakers launch new products. Ford will replace 26 percent of its product line over the next four years, a number that represents 46 percent of its volume, while General Motors will replace 25 percent and Toyota 24 percent. On account of these new product launches, Murphy says Ford can expect to add 0.8 percentage points of market share, General Motors will recover 0.5 points and Toyota will add another 0.3 points. Other automakers that won’t be so aggressive in turning over their lineups with new models include Chrysler , Honda , Nissan and the European brands, which Murphy surmises will all remain flat in terms of market share. Hyundai and Kia, meanwhile, will be introducing fewer new models than the rest and therefore, Murphy predicts, will see a 0.5 decline in U.S. market share. Of course, these are all just predictions and can be blown to bits with the next unforeseen economic crisis or natural disaster, just like the last three years were. And there are other factors that might affect market share for each automaker during the next three years, including the availability of raw materials, exchange rates, union contracts, recalls and a million another minor things that might grow to become big things, not the least of which is consumers deciding they actually like all those new products being launched.
Filed under: Car Buying , Budget , Sedan , Hatchback , Chevrolet , Honda , Hyundai , Nissan , Toyota Consumer Reports has just wrapped up an evaluation of subcompact sedans, and the Kia Rio EX has rolled out ahead of the class. The four-door beat out its corporate clone, the Hyundai Accent and the Chevrolet Sonic to take the top spot. Evaluators pointed to the sharp handling and well-optioned interior in the Rio as reasons for the vehicle’s win. The newly redesigned Nissan Versa and unloved Toyota Yaris filled out the top five sedans. And what of the baby hatchbacks? CR once again credited the Honda Fit as leader of the pack, followed closely by the Versa Hatchback and Rio Hatchback. The organization found fault with the base Chevrolet Sonic’s fuel economy, and found the turbocharged LTZ model to be too expensive. Evaluators also felt the Sonic Turbo “didn’t live up to its sporty aspirations.” We’ll politely agree to disagree on that one. All of the vehicles in the evaluation are either too new or scored too low in CR evaluations to earn a coveted Recommended rating. Hit the jump for a look at the full press release and debate amongst yourselves in Comments.
Filed under: Car Buying , Chrysler , Ford , GM , Honda , Hyundai , Kia , Toyota Domestic automakers have much to be happy about, with Chrysler , Ford and General Motors all gaining market share last year for the first time since 1988. Yet according to Bloomberg, 2012 won’t be as good to Detroit. Total sales are projected to grow from 12.8 million vehicles last year to 13.6 million, according to the report, but increasing competition from Korea and a Japanese recovery from the natural disasters of 2011 mean those extra sales aren’t likely headed to the Big Three. The news agency spoke to five analysts, and predictions have the U.S. automakers losing 1.3 percentage points this year. The analysts estimate that GM will drop 0.6 of a percent, Ford will lose 0.5 percent, and Chrysler will be down 0.2 percent. Toyota is seen gaining 0.9 percent, with Honda grabbing an extra 0.5 percent, while Hyundai and Kia are only projected to see their combined market share improve by 0.01. If all this comes true, GM would have the top market share in the U.S. at 19 percent, with Ford in second at 16.3 percent, followed by Toyota at 13.8 percent, Chrysler at 10.5 percent, and Honda at 9.5 percent. Analysts: U.S.
Filed under: Sedan , Hyundai , Toyota When does a mid-size sedan become a top-notch competitor to the Toyota Camry ? The answer is apparently whenever said competitor begins stealing market share from America’s top-selling sedan. Bloomberg reports that Toyota North America Chairman Yoshimi Inaba called the Hyundai Sonata “a very honorable contender in the market” during an interview earlier this week. Inaba adds that Toyota has great respect for the strong-selling Hyundai, and we’re guessing they’re not the only automaker keeping an ever closer eye on Camp Hyundai. Sales of the Sonata soared by 35 percent in 2010 to 196,623 units. Meanwhile, 2010 Camry sales dropped by 31 percent to 327,804 units. To make matters worse for Toyota and the Camry, supply disruptions stemming from the March 11 earthquake and tsunami have further hurt Camry sales while the Sonata continues to attract new buyers. In fact, the Sonata outsold the Camry in May, in part because of Toyota’s production issues. But while the Sonata has been gaining on the Camry, that trend could reverse itself with an all-new Camry set to arrive later this year. Toyota President Akio Toyoda already told U.S.
Filed under: Car Buying , Coupe , Sedan , Performance , Crossover , Acura , Dodge , GMC , Hyundai , Toyota NADA Guides Car Buyers Market Study – Click above for high-res image gallery NADA Guides has released its Quarterly Car Buyers Market Report, and six models earned the organizations Top Recommended Buys designation. The 2011 Acura TL , Dodge Challenger R/T , GMC Terrain SLE-2 , Hyundai Azera Limited , Toyota Tacoma Double Cab V6 Manual and Toyota Venza I4 AWD all made the cut. While low first-year depreciation rates factor into which vehicles win out in the report, NADA Guides also evaluates vehicles based on criteria like whether or not a model is competitively priced, is available with incentives or rebates, and dealer inventory volumes. Surprisingly enough, the 2011 Dodge Challenger R/T carried the lowest first-year depreciation rate of all the vehicles on the list. With a rate of just 8 percent, the Mopar muscle car beat out the vehicle with the next-lowest rate – the Toyota Tacoma Double Cab V6 Manual – by two percentage points. Meanwhile, the Hyundai Azera limited packed the highest depreciation rate among the vehicles on the list at 21 percent, followed by the Acura TL at 19 percent. You can check out the full report after the break . Continue reading NADAguides reveals six top auto picks based on low depreciation NADAguides reveals six top auto picks based on low depreciation originally appeared on Autoblog on Mon, 27 Jun 2011 07:58:00 EST. Please see our terms for use of feeds . Permalink
Filed under: Car Buying , Japan , Hyundai , Kia , Lexus , Toyota If forecasts from TrueCar.com are accurate, Hyundai and Kia will be the only automakers to post sales gains in the month of May. Mildly interesting news in itself, but the real shocking nugget is that the Korean conglomerate is expected to pass Toyota (including its Lexus luxury brand) as the third-best-selling automaker in the United States. Surely there are multiple reasons why Toyota and Lexus sales are expected to drop in May (when compared to April, 2011 and May of 2010), but parts and inventory shortages stemming from the devastating earthquake and subsequent tsunami in Japan are front and center. Credit also goes to Hyundai and Kia for the dramatic gains they have made on their Japanese and American competitors in the last few years, both in sales and in consumer perception. That said, Toyota seems likely to rebound in the coming months, so it will be an interesting exercise to follow the sales charts. When all the numbers finally come in, TrueCar.com expects the month of May to show an eight-percent drop in sales from April. As you would expect, shortages of cars imported from Japan is partly to blame, but lowered incentives from all automakers is also cited as a contributing factor. Hyundai/Kia will likely top Toyota/Lexus for No. 3 sales spot in May originally appeared on Autoblog on Tue, 31 May 2011 16:29:00 EST. Please see our terms for use of feeds .