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#4349 of 5290 Hybrids shine in "Best Value in America" awards
Jan 18, 2006 (10:20 am)
Hybrids Dominate Vincentric’s Best Value in America Awards
BLOOMFIELD HILLS, Michigan – January 17, 2006 – Vincentric’s Best Value in America™ awards were announced today, with hybrid vehicles leading the way. The Toyota Prius, along with the hybrid versions of the Ford Escape, the Honda Civic, and the Toyota Highlander each won the Best Value in America™ award in their segment. Other hybrids receiving Excellent Value ratings are the Mercury Mariner hybrid, the Lexus RX 400h, and the Honda Insight.
To determine Vincentric’s Best Value in America™, Vincentric analyzed over 1,800 different vehicle configurations and computed the cost to own and operate each vehicle. Eight different cost factors were calculated to determine overall Cost of Ownership: depreciation, fuel, insurance, opportunity cost, financing, maintenance, taxes and state fees, and repairs.
Using a statistical model, the company identified the Best Value in America™ by measuring which vehicles have a lower than expected ownership cost given their market segment and price. The strong value of hybrids was clear when both a hybrid and non-hybrid version of the same vehicle were compared to other vehicles in the same segments. In those instances, the hybrid version had ownership costs that averaged 16.2% lower than a similarly priced competitor, while the non-hybrid version had ownership costs 7.9% lower.
“Hybrids benefited from three main factors”, stated David Wurster, President of Vincentric. “First was their strong fuel economy ratings, resulting in lower fuel costs for these vehicles. Second was their strong residual values due to high demand, resulting in lower depreciation costs. And third was the federal tax credit that went into effect this year. This combination of factors creates extremely strong value for consumers.”
#4350 of 5290 Re: Toyota sales sales of it's hybrids will jump 50% in USA in 2006 [larsb]
Jan 18, 2006 (10:21 am)
I think it's probably more a matter of them expecting demand for hybrids in general to increase considerably with the new tax credits.
Jan 18, 2006 (11:38 am)
...they're called electric cars or plug-in hybrids. They get infinite MPG as long as you stop to recharge them every 20 miles.
#4353 of 5290 Re: Hybrid Comparison [gagrice]
Jan 18, 2006 (1:18 pm)
Actually that test has already been done and the Prius outranked the Jetta TDI in those tests on highway only driving. I think there were two magazines that did the test. Car and Driver and Popular Mechanics.
#4354 of 5290 Re: Future hybrids style and substance [moparbad]
Jan 18, 2006 (1:22 pm)
I guess lots of people like the Prius as it is kinda futuristic looking. The Jeep Liberty is somewhat cartoonish. Was watching NCIS last night and they said the Jetta was a chick car as well as the Liberty. The Prius is a geek kinda car.
#4355 of 5290 Re: Future hybrids style and substance [fordforme]
Jan 18, 2006 (6:18 pm)
the Jetta was a chick car
I stopped in and sat in a new HCH today. It had better headroom than the Accord Hybrid. It was already sold or the salesman at Poway Honda would have let me try it out. Price $2000 over MSRP. They are selling about one per week. There was a 2006 Jetta parked in front of the office. I asked if they had taken it in trade. The answer killed me. It belongs to the General Manager. I told him he should park it in back. He agreed and said you don't tell the GM where to park. I am still laughing.
#4356 of 5290 2006 HCH wins "Best New Alternative Power" award
Jan 19, 2006 (12:57 pm)
Honda Wins Canadian Award for Alternative Power
Honda Civic Hybrid Awarded 'Best New Alternative Power'
By Automobile Journalists Association of Canada
MONTREAL, Jan. 19 /CNW/ - Honda's advanced technology leadership in the area of fuel efficiency and low-emission vehicles was recognized by the Automobile Journalists Association of Canada (AJAC) with the Honda Civic Hybrid being named the "Best New Alternative Power" vehicle for 2006.
"The new Civic Hybrid provides Canadians the ultimate in efficient technology with improved performance while providing outstanding fuel efficiency and very low emissions at an affordable price," said Jim Miller, executive vice president, Honda Canada, Inc. "With the current high gasoline prices in Canada, hybrid technology is providing Canadians a viable alternative without having to sacrifice power, features or affordability."
#4358 of 5290 Re: Future hybrids style and substance [dewey]
Jan 19, 2006 (2:12 pm)
Historically, I agreed with you, and I thought no one would buy the odd -looking Toyota products, and would prefer the normal-looking Honda products. Man have I been wrong. (Thank god I didn't go into marketing) It looks like hybrid opwners want people to know they drive a hybrid. Or maybe more hybrid owners think the Prius technology is superior to the Civic tech. I dunno. I guess it could be as simple as there is more room in a Prius, so more people buy one.
Interesting that all the new hybrids look "normal," given that the most successful hybrid has been a hybrid that looks odd (Prius).