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Posts Tagged ‘trade-in values’

Japanese Makers Retain Resale Value Lead

But domestics gain ground.

by on Nov.26, 2012

The Jeep Wrangler was the only domestic model to land among the top 10 nameplates when it comes to resale value.

Japanese automakers continue to retain a lead when it comes to vehicle resale values, according to a pair of new studies.

Of domestic products, only the Jeep Wrangler made it into the top 10, according to Kelly Blue Book’s 2013 Resale Value Awards, while a second study of resale values by TrueCar.com found no domestic brands made the top list. Nonetheless, Detroit makers – Ford in particular, have begun to close the once yawning gap.

“They’re no longer so far behind,” said Kelly Blue Book’s Eric Ibara.

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The KBB analysis focused on how much of their original value vehicles maintained after 60 months of ownership – a point at which products are likely to lose more than half, and often two-thirds or more of their original sticker price.  Residual values – which translate into trade-in prices — can be impacted by a variety of factors, including such things as options and even paint color. Engine packages often have a significant impact.

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New Car Prices Hit All-Time Record

Torrid pace not likely to slow much anytime soon.

by on Apr.10, 2012

Strong demand for the Elantra has helped drive up the price of the typical Hyundai product this year.

Remember “sticker shock”?  After several years of heavily discounting their products in a desperate bid to keep assembly lines rolling, automakers are finding themselves back in the driver’s seat once again – pushing prices to record levels.

And it’s “not a blip,” warns one senior analyst, who expects the trend to continue for several years. The good news for shoppers is that trade-ins are also yielding better prices – and while that new car, truck or crossover may command more money than ever before it’s also likely to include significantly more features and markedly better fuel economy than the vehicle it replaces.

The average new vehicle sold in the U.S. in March cost $30,748, according to data tracking service TrueCar.com.  That was up from $28,771 a year earlier and marks an all-time record.

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“It’s not a blip. It’s a trend we’ve been seeing for months,” said Jesse Toprak, TrueCar’s chief automotive analyst.  That’s despite the fact, he says, that “This might seem counter-intuitive at a time you might expect to see people buying cheaper cars because fuel costs are rising so fast.”

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New Study Names Most Affordable Cars to Own

Kia tops mainstream marques, Audi leads in luxury segment.

by on Feb.08, 2012

Kia was named best mainstream brand in terms of 5-year total ownership costs, with the Soul winning in the Compact segment.

There are plenty of bargain-priced cars, trucks and crossovers, but that doesn’t always mean they add up to a good deal.  Smart shoppers know that there are lots of ways costs can quickly get out of control when you own a car, from insurance to fuel economy to maintenance and repairs.

And that’s why a new study from Kelly Blue Book is focusing on what really matters: the total cost of ownership.  And there, the data-tracking website concludes, Kia is the clear stand-out, as the top brand among all manufacturers when the entire ownership experience is tallied up.  Audi, meanwhile, was the number one luxury brand in terms of total cost of ownership.

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“Car shoppers should take the time to compare vehicles on their consideration lists to fully understand the financial implications involved with cost of ownership,” said Juan Flores, director of vehicle valuation for Kelley Blue Book. “While a vehicle might be less expensive up front, the cost of fuel for that model, insurance and other expenditures could make it the less appealing choice for their wallet in the long run.”

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Dodge Challenger R/T Tops List of Cars Holding Their Value

Looking for cars, trucks and crossovers with maximum trade-in power?

by on Jun.27, 2011

The 2011 Dodge Challenger R/T is the current model with the lowest anticipated 1st-year depreciation.

Sure, if you’ve got the money in your bank account, invest in that rare Bugatti Royale.  And an original, mint-condition Ferrari Testarossa isn’t a bad way to watch your money grow, either.  But for the average automotive buyer, the economic realities are significantly less positive: the moment you drive off the dealer lot you’re likely to start losing a significant chunk of your investment.

According to a AAA study, you’ll lose nearly $4,000 a year on depreciation with the average vehicle, much of that weighted to the first year after purchase.  A separate study by Consumer Reports projects depreciation will account for 46% of the money you’ll spend over the first five years.  But the folks at NADAguides stress that not all models lose their value equally.  Some, in fact, barely depreciate at all during the first year.

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Perhaps surprising to some, the current model most likely to hold its value is the 2011 Dodge Challenger.  Mopar’s big muscle car is expected to lose just 8% of its value after 12 months of ownership, according to the NADAguides Car Buyers Market Report, which is comprised by the National Automobile Dealers Association.

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New Mercedes E-Class Tops in Resale Value

Could give new sedan an edge in the market.

by on Jan.23, 2009

2009 Mercedes-Benz E-Class

2009 Mercedes-Benz E-Class

It’s not even on sale yet, but some folks are  worrying about what they’ll get on a trade-in for the all-new Mercedes E-Class. Let’s face it, buying a new car is exciting, but reselling it can be a big disappointment. That is why many people take into account the possible resale value of their new car years before they plan on selling it.

Mercedes buyers can be at ease: the German market research institute Bähr & Fess Forecast has calculated the resale value of the new Mercedes E-Class. And it’s forecasting that Mercedes’ mid-range sedan will have the highest value of any vehicle after three years of ownership in the luxury segment.

The new E 250 CD will realise up to 62.5 percent of its current new price, earning it accolades as ‘2009 value retention champion’ from the German weekly magazine AutoBild. In all, Mercedes passenger cars occupy the top positions in eight market segment.

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