Filed under: Recalls , Safety , Chrysler , Ford , GM , Honda , Nissan , Toyota , Volkswagen If you’ve noticed that there have been more recalls than usual this year, you may be on to something. According to a report from the National Highway Traffic Safety Administration , the US market is on pace to break a record for recalls. In 2013, 22 million cars were recalled. We’re only a third of the way through 2014, though, and we’ve already halved that figure, with 11 million units recalled. That’s wild. Considering the past few months, it shouldn’t be a surprise that General Motors is leading the charge, with six million of the 11 million units recalled coming from one of the General’s four brands. Between truck recalls , CUV recalls and the ignition switch recall , 2014 hasn’t been a great year for GM. Other recall leaders include Nissan ( one million Sentra and Altima sedans), Honda ( 900,000 Odyssey minivans), Toyota ( over one million units in a few recalls), Volkswagen ( 150,000 Passat sedans), Chrysler ( 644,000 Dodge Durango and Jeep Grand Cherokee SUVs) and most recently, Ford ( 434,000 units , the bulk of which were early Ford Escape CUVs). So while it’s been a bad year for GM so far, its competitors aren’t doing too well, either. It’s not the end of the world, though.
Filed under: Car Buying , Chevrolet , Ford , Honda , Infiniti , Jeep , Lexus , Porsche , Scion , Toyota 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: Honda Civic Honda CR-V Jeep Wrangler Lexus LX Porsche Cayenne Scion tC Toyota FJ Cruiser Toyota Land Cruiser Toyota Tacoma Toyota 4Runner Scroll down to see KBB’s press release that includes a breakdown of all individual category winners. Continue reading Toyota tops Kelley Blue Book’s Resale Value Awards Toyota tops Kelley Blue Book’s Resale Value Awards originally appeared on Autoblog on Tue, 27 Nov 2012 18:30:00 EST. Please see our terms for use of feeds . Permalink
Filed under: Car Buying , Audi , Chevrolet , Chrysler , Ford , Honda , Jeep , Lexus , Toyota Kelley Blue Book has announced the company’s 2012 Best Resale Value Awards. The honors are handed out based on projections crafted by the KBB staff of automotive analysts for cars and trucks expected to retain the largest percentage of their original list price after five years. For 2012, KBB has named Toyota as the best resale brand with Lexus taking the top honor in the luxury brand category. There aren’t any surprises there, and the list of individual winners isn’t likely to shake anyone’s tree either. Toyota brands earned five category awards, while Honda alone took four categories, including sub-compact car, compact car, hybrid and van. The Ford F-150 , meanwhile, took home the full-size pickup nod and the only award for the Blue Ovals brands, while the Chevrolet Camaro V6 and SS snagged the sports car and high-performance car categories, respectively. There were a few surprises in the mix, however. The Jeep Wrangler brought home the only win in the compact SUV category and the only nod for Chrysler this year. The Audi A5 snagged the gold in the luxury car category and the Chevy Volt beat out the Nissan Leaf in the electric car category. Kelly Blue Book says that residual value should be at the top of car buyers concerns when it comes time to bringing home a new model as depreciation represents the largest potential new-car expense.