Brand new Tesla Model X Owner questions the need for an electric SUV. Doesn't question big price bump.
ALG has released its annual Resale Value Awards. For 2012, Subaru took home the home the honor of being the top mainstream brand, while Lexus nabbed the top luxury automaker designation. ALG says that once again, Japanese automakers have performed better than their American and European counterparts when it comes to resale. Of the 21 total ALG awards, 11 went to Japanese manufacturers, though Audi bucked that trend by being the single automaker to take home the most awards. Domestic manufacturer
According to the experts-of-such-things at Kelley Blue Book, the average vehicle will only retain about 35 percent of its original value after the initial five-year ownership period, often making depreciation the greatest expense incurred by drivers over that time period. That's a hefty chunk of change to be sure, so a vehicle's anticipated resale value should be of prime concern when shopping for your next car or truck.
One of the strongest selling points that Japanese brand vehicles like Toyota and Honda have had going for them over the past decade or two has been the stronger resale values that have resulted from perceived higher quality. While increased depreciation doesn't matter much to people who buy their vehicles and keep them for more than a few years, it does hurt manufacturers. In recent years, a large portion of those pricey trucks and SUVs have been leased, where the monthly payments are largely ba
Spend more for the cutting edge of luxury and style, and you could wind up taking a larger whack than most when it's time to trade in that sled. The National Automobile Dealers Association (NADA) is reporting that premium luxury vehicles actually have the highest annual depreciation rate. The reason for the stone-dropping value is that luxury car buyers tend to want the latest and greatest. The preference for the next big thing leads to owners turning in their current cars faster than people who
In pretty much all of the past markets where nickel-based batteries were replaced by lithium-based batteries, the resale value of the nickel-based models takes a sharp nosedive when the lithium models hit the market. Will this same thing happen with hybrid automobiles equipped with the older battery technology? It's hard to say, considering that power tools and laptops are so different than cars, but it may be a cause for concern if some car makers continue pressing on with nickel technology whi