Edmunds ranks the best used cars for 2013

Edmunds ranks the best used cars for 2013

September 15, 2013 by · Leave a Comment 

Filed under: Car Buying , Chevrolet , Dodge , Ford , Honda , Hyundai , Infiniti , Mazda , Mercedes-Benz , Subaru , Toyota , Volvo , Read This When people ask us what car we would recommend for them, it’s usually not easy to answer. To make a useful recommendation we must consider which of the numerous vehicle segments fits their needs best, and then choose one of the many vehicles offered in each segment. For some people, new cars don’t meet their expectations of value, because they lose so much of it the moment they are purchased and driven off the dealer lot. For them, there’s always the used-car market, where great deals can be found, but cars’ histories of reliability and maintenance records – and perhaps that Certified Pre-Owned warranty – become ever-important factors playing into purchase choice. To help out, Edmunds has done us the favor of assembling a list of the best used vehicles money can buy, covering model years 2006-2011, according to what it considers the most important criteria when shopping for used autos: reliability, safety, value and availability. That means unreliable, unsafe, super-expensive or limited-edition models don’t appear on the list, but instead cars from each segment that are more likely to satisfy the general population. There are some real goodies on the list, including but not limited to vehicles such as the capable Honda Fit , the cultish Honda Accord coupe (which can be had with a 240-horsepower V6 and a six-speed manual transmission some years), and the powerful Chevrolet Corvette . While Edmunds ‘ choice of the Volvo C70 for best used convertible baffled us at first (not that it’s a bad car), it redeemed itself by stating that the Mazda MX-5 still is an unofficial top choice if you don’t require more than two seats. Be sure to visit Edmunds to study its recommendations, each of which is accompanied by a short explanation of why it made the list, and check out our photo gallery of the 18 vehicles that made the list. Edmunds ranks the best used cars for 2013 originally appeared on Autoblog on Sun, 15 Sep 2013 16:35:00 EST.

Subprime financing on the rise in new car sales, leasing too

Subprime financing on the rise in new car sales, leasing too

December 8, 2012 by · Leave a Comment 

Filed under: Car Buying , Chevrolet , Ford , Mitsubishi , Toyota , Volvo , Earnings/Financials We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of “nonprime, subprime, and deep subprime,” loans has grown 13.6 percent compared to the third quarter a year ago. According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963. At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota , with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1. Part of the growth in lending is the willingness to offer longer-term loans.

Ford tumbles to second worst in Consumer Reports reliability survey, list dominated by Japanese [w/video]

Ford tumbles to second worst in Consumer Reports reliability survey, list dominated by Japanese [w/video]

October 29, 2012 by · Leave a Comment 

Filed under: Acura , Ford , Honda , Lexus , Mazda , Scion , Subaru , Toyota It’s no secret that MyFord Touch has had its share of problems since being introduced, but the most recent reliability survey from Consumer Reports shows just how much this infotainment system has affected Ford . Just two years ago, the automaker was in the top 10 for the institute’s reliability rankings, but since then, it has tumbled to the second-lowest rung just above dead-last Jaguar . In addition to MyFord Touch, CR also attributes a handful of new products that have had issues right out of the gate. Compiled from 1.2 million subscriber surveys, this year’s auto reliability survey heavily favors Japanese automakers, with eight of the 10 spots hailing from Japan. Toyota brands grabbed the top three spots ( Scion , Toyota and Lexus – in that order) with Mazda , Subaru , Honda and Acura filling the next four spots. The only non-Asian automaker cracking the top 10 was Audi at number eight. Audi climbed a total of 18 spots from last year, and Cadillac and GMC round out this year’s top gainers breaking into the top 15. Helping Cadillac’s upward movement, the CTS Coupe was named the most reliable domestic car. Lincoln , Volvo and Chrysler join Ford on this year’s biggest loser list. Scroll down to watch a video and see where some of the other brands rank for reliability this year.

These are the 10 new cars with the highest percentage of female ownership

These are the 10 new cars with the highest percentage of female ownership

March 28, 2012 by · Leave a Comment 

Filed under: Car Buying , Honda , Hyundai , Jeep , Nissan , Toyota , Volkswagen , Volvo If you hear the pejorative “chick car,” what comes to mind? Mazda MX-5 Miata ? Volvo C70 ? Would you believe neither made Inside Line’s list of 2011 models with the highest percentage of female ownership? No. 1, with 57.9-percent female ownership was the Volvo S40 . Considering the female dollar is sought-after, it’s probably too bad that Volvo decided to axe the model for 2012. That means No. 2, the Nissan Rogue with 56.9 percent, could take the top spot for 2012. Or maybe the VW Eos at No.

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