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Hatchbacks Hyundai Accent Hyundai Accent
598 messages, Last post on Sep 30, 2009 at 4:15 AM
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After following this Blog on the 06 Accent since late last Summer (05) an eagerly awaiting the Fall release of the 06 Accent which debuted very uneventfully late Dec. 05 with one or two vehicles per dealer, I finally pulled the trigger an bought an 06 Hyundia, but NOT an Accent. Drove an Accent and after drove an 06 Sonata with I4. Both had similiar safety equiptment and automatic transmission. The GLS Sonata had a power sun roof unavailable on the Accent and a much larger and more powerful 2.4 liter I4 engine vs the 1.6 I4 in the Accent. Highway m.p.g. was listed at 36 for the Accent and 33 m.p.g. for the Sonata. The difference in comfort, acceleration, handling, was well worth the 3 m.p.g. hit along with the total luxury experience the Sonata afforded. The Sonata ran just under $17,000. plus tax, title, tags which included all available rebates with exception of no loyalty, recent college grad, or active military. The Accent would have cost just $2500. less with NO power sunroof. I know one does`nt buy a vehicle on a price per pound basis like cheese or cold cuts BUT, you get soooo much more car for so little more, to me its a no brainer. Only had it a week so far, but its a great car. Check the Sonata out before deciding on that cute little Flintstone car.
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Replying to: phill1 (Mar 24, 2006 2:09 pm) |
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Replying to: backy (Mar 23, 2006 6:50 am) I'm puzzled by this comment. In this segment where profits are squeezed, a few hundreds dollars here and there adds up. Also considering that Hyundai now has a $1k rebate on Accent, positions the Accent as the value leader overall. If Honda intends to offer a matching rebate to counter Hyundai's Accent then the Honda Fit will definitely come out ahead in terms overall pricing/packaging. There is no doubt that Accent wins the price/value contest based on the numbers.
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Replying to: delta4 (Mar 24, 2006 5:38 pm) As for value, that is not just measured by list prices. For example, what if Fits are snapped up off dealer lots at full MSRP as fast as they can be delivered while discounted/rebated Accents sit? What does that say about the public's perception of value? I still don't understand your comment about the Accent being well ahead of the Fit in packaging.
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Replying to: backy (Mar 25, 2006 7:28 am) However this last point should be obvious. Additionally, you mentioned that rebates are not the last word on value. So why do manufacturer's including Honda offer them? No one knows how the Fit will compete against the Accent. No one knows whether Honda will be able to maintain margins on the Fit. Honda recently slowed production of their much ballyhooed Ridgeline. At last count it had 53 to 72 day supply on dealer lots. Honda To Cut Production Of Slow Selling Ridgeline
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Replying to: delta4 (Mar 25, 2006 9:12 am) I thought by "packaging" you were referring to the packaging of the car itself, not how options are packaged. It is true that the Accent starts at a lower price and has more option packages available. But this is an advantage only for people who want the stripped models. I have yet to see a '06 Accent on the lot w/o A/C--and I'm in Minnesota! So making A/C optional may cut the advertised price of the car but not the real price. For people like me who want all the safety features (including ABS and side bags/curtains) and power windows & locks, the Fit's packaging is better. And it doesn't force me to get options I don't want (like alloys) by throwing them into one huge package rather than offering them separately. (I notice Hyundai is tweaking the packaging on the Accent for 2007 though.) To my knowledge, Honda has not offered direct-to-consumer rebates in the past few years on any of its cars. I doubt they will need to resort to rebates for a car like the Fit that will be priced about the same as its Korean competitors and available in small numbers.
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will need to offer rebates on the new Fit. It seems to be generating tons of interest and Honda will probably not be able to produce enough of them to fulfill all American orders for them. They are already such a nice price, the first Honda's since the tiny Hondacar of the late 70's that is reasonably priced, IMO. I will even take a short gander at them.
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Replying to: iluvmysephia1 (Mar 25, 2006 12:56 pm) 
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Replying to: backy (Mar 25, 2006 11:40 am) The example regarding the Ridgeline was a comparative one. Note that when the Ridgeline was first introduced how much "media-citement" was stirred as well as consumer interest. This is a vehicle that was heavily promoted as well. The Accent will do well within its segment due to its packaging/pricing and aggressive factory incentives. although I believe that the Fit is going to generate sales they are going to have discount to maintain numbers. Repeating: This is an extremely competitive segment and buyers are both price sensitive and value conscious. Looking at the overall strategy of Hyundai's Accent they have adjusted the dynamics of this car to meet the competition head-on. One last, Honda does indeed resort to "rebates" they are known as reverse-rebates where they offer special finance deals and dealer incentives. However back on topic with the Accent.
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Replying to: delta4 (Mar 25, 2006 5:24 pm) I think it is inaccurate terminology to call special finance deals "rebates." They are not rebates of any sort but subsidies for financing programs. There are also manufacturer-to-dealer incentives. But generally when one thinks of rebates, it is the manufacturer-to-consumer type--like the $1000 Hyundai just started offering on the Accent after cries from dealers that the car was overpriced for its market. |
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