While most of the major mechanical systems of the Ford Taurus were unchanged from the 2009 to 2010 models, the all-new styling and interior has inspired people to more people to buy the shapelier four-door than its bland predecessor. Through the first seven months of 2010, sales of the Taurus have jumped by 116 percent, and apparently that newfound enthusiasm also extends to early secondhand sales of the big sedan.
According to Ford, average auction prices on used 2010 Tauruses are now 39 percent higher than comparable 2009 models. That's a jump of $7,100 and, as the Blue Oval dutifully points out, a $2,500 premium over a Toyota Avalon of the same vintage. The Taurus, like its crosstown rival, the Buick LaCrosse, clearly demonstrates the benefits of injecting a healthy dose of style and substance to a mainstream sedan. The volumes may not match the Toyota Camrys and Honda Accords of the world, but the design has inspired people to pay more, generating profits for their manufacturers. Check out Ford's official press release after the jump.
* After one year in service, the hot-selling 2010 Ford Taurus is posting a resale value increase of 39 percent – or $7,100 – over the 2009 model
* Resale value of 2010 Ford Taurus now surpasses that of the 2010 Toyota Avalon by $2,500
* Key contributors to the residual value improvement are the design, quality, customer satisfaction and state-of-the-art technology offered with the 2010 Ford Taurus
DEARBORN, Mich., Aug. 16, 2010 – After one year in service, the hot-selling 2010 Ford Taurus is commanding impressive results at auction, posting an average 39 percent increase in resale value – or $7,100 – over the 2009 model.
The huge leap reflects the strong appeal of Ford's full-size sedan, according to Rose Peng, manager, Global Lifecycle Analytics Department (GLAD).
"The successful product launch of the 2010 Ford Taurus coupled with the vehicle's best-in-class quality, upscale design and state-of-the-art technology has resulted in a sharp improvement for the brand," she said, adding that the resale value of the new Taurus after one year now surpasses that of one of its strongest competitors, the 2010 Toyota Avalon.
"The 2009 Taurus was selling at a significant discount compared with the 2009 Toyota Avalon," Peng said. "Now the 2010 Ford Taurus is commanding a $2,500 premium over the 2010 Toyota Avalon."
And Taurus ranks highest in its segment for initial quality, according to the J.D. Power and Associates 2010 Initial Quality Study (IQS).
Steve Ling, manager, Ford North American Car Marketing, adds that all of these improvements and strong word-of-mouth have resulted in strong retail sales.
"In the first half of 2010, Taurus retail sales were up 154 percent over the first half of 2009 while incentives were reduced by more than $1,600 per unit," he said, noting that third-party sources have recognized the vehicle's best-in-class levels of customer satisfaction and quality.
"When you talk about quality, it's not just 'Things Gone Wrong' but 'Things Gone Right,'" said Ling. "That's very important because Things Gone Right are what attract customers to the showroom."
In addition to an upscale new design, the 2010 Ford Taurus offers engaging driving dynamics and 10 class-exclusive technologies not available from any other manufacturer, such as available Ford SYNC®, voice-activated Navigation System with SIRIUS Travel Link™, Easy Fuel® (capless fuel filler), BLIS® (Blind Spot Information System) with cross-traffic alert and MyKey®.
The 2010 Ford Taurus has accumulated an impressive array of accolades since its launch last year, including:
* Edmunds.com Technology Breakthrough Award
* 2010 Best Redesigned Vehicle by kbb.com
* International Car of the Year
* kbb.com 2010 Best Resale Value award in the full-size car category