Last post on Dec 08, 2013 at 6:14 AM
You are in the Sedans
What is this discussion about?
Hyundai Sonata, Toyota Camry, Honda Accord, Nissan Altima, Volkswagen Passat, Mazda MAZDA6, Ford Fusion, Chevrolet Malibu, Kia Optima, Car Comparisons, Sedan
#10014 of 20217 Re: Hyundai up Sonata rebate [moocow1]
Jul 02, 2008 (7:21 am)
Resale will not go up as long as they continue to sell new for thousands less then the top dogs.
If you get a new Sonata for $16,000, and it suffers the industry average 20% deprecation in its first year, you are looking at a car worth $12,800 after year one, when it had a window sticker of around $20,000. Almost 50% value gone from MSRP. That's not too good. Mazda has this problem with the Mazda6. Hopefully the new Mazda6 will reverse this trend, since it is considerably more money they the outgoing one. Heck, a 2007 Mazda3 s is worth more then a 2007 Mazda6 i, when the Mazda6 cost more new.
Jul 02, 2008 (7:23 am)
Is the 2.5L in the updated Fusion going to be the same engine that is in the new Mazda 6i ?
#10016 of 20217 Re: Hyundai up Sonata rebate [aviboy97]
Jul 02, 2008 (7:37 am)
Forget the percentages when it comes to depreciation--look at actual dollars. Depreciation percentages favor the more expensive cars. Who cares if the car you bought depreciates 35% (not 50%, btw) off MSRP in the first year if you paid nothing close to MSRP? If you did pay MSRP, then that could be a problem--in a number of ways!
#10017 of 20217 Re: Hyundai up Sonata rebate [backy]
Jul 02, 2008 (7:41 am)
Very true. The thing about it is that it gives people who pay less - or more - upfront, some vindication.
The depreciation amount in dollars was similar on the Toyota and the Ford my folks looked at, but the difference in price up front was drastic. Those buying the Toyota will say "I paid more, but I'll get more back." Those buying the Ford will say "I don't care that it depreciated as much as a more expensive car, I come out the same in the end, and had less up-front outlay."
By the way, my folks just purchased a 2008 Taurus. I know it is off topic, so I'll leave it at that; I just wanted to pass it along for those who'd been following the saga of my parents' car shopping. They finally made their decision and couldn't be happier. They got $5800 off sticker on a car with Leather, Convenience Package, and Sync. So far, they are LOVING Sync. I do too!
#10018 of 20217 Re: Hyundai up Sonata rebate [aviboy97]
Jul 02, 2008 (7:53 am)
If you get a new Sonata for $16,000, and it suffers the industry average 20% deprecation in its first year, you are looking at a car worth $12,800 after year one
So it "cost" you $3200 in the first year. I suppose you think one is better off if they bought an Accord or Camry for $21,000 and it depreciates at only 80% of your average figure...meaning it loses 16% in the first year or $3380.
#10019 of 20217 Re: Ford Fusion 2.5L [thegraduate]
Jul 02, 2008 (8:36 am)
It is an extreme possibility. The displacement seems to give us that idea, but, the Mazda built MZR and the Ford built Duratec usually have different internals, not to mention a different computer tune.
#10020 of 20217 Re: Hyundai up Sonata rebate [jeffyscott]
Jul 02, 2008 (8:44 am)
In theory, yes. However, don't tell that to a Accord or Camry owner who thinks their car does not depreciate and think they can get 80% of original value after 4 years.
The original questions was in regards to the resale value going up on the Sonata, not how much it "costs" to use it in one year.
Since Hyundai's have been getting better, their value should increase over time. Lets be honest "it's a Hyundai" does not hold as much weight as "it's a Honda" just yet. The Sonata is a great bargain. Question is, would they sell as well if they cost just as much as an Accord or Camry? I don't think so. Mazda is about to find out if they can sell over the 100K mark with the new Mazda6 using this approach, and abandoning the bargain concept that the current Mazda6 is.
#10021 of 20217 Re: Hyundai up Sonata rebate [aviboy97]
Jul 02, 2008 (9:22 am)
One significant factor with resale value is whether a car is sold primarily to individual consumers, vs. sold to fleets such as rental car companies and company fleets, which in turn end up being resold as "demos" or "program cars" at drastically lower prices.
Honda sells virtually no cars to rental car or company fleets, while it is still relatively common to rent a Hyundai, Kia, Mazda, or many of the domestics. Toyota used to sell Corollas and Camrys to companies like Hertz, but they are doing much less of that today.
One of the reasons why auto sales are down in 2008 is because many companies are cutting back and buying fewer cars in their fleets. Especially trucks, SUVs, and minivans. This is mostly hurting the domestics.
#10022 of 20217 Dismal Chevy Malibu June sales as usual
Jul 02, 2008 (9:47 am)
It would appear that the Malibu is turning out to be a disaster for GM. I donít know what GM sales projections were for the Malibu but it is way, way below the competition. Based upon June sales figures from the Wall Street Journal the Malibu is not a serious contender in the midsize class. No kind of excuses can explain such dismal sales numbers as shown below.
Toyota Camry--- 41,572/ -10.8%
Honda Accord--- 39,704/ +37.3%
Nissan Altima --- 24,541/ -5.4%
Hyundai Sonata-- 16,875/ +11.9%
Chevy Impala--- 16,671/ -53.5%
Chevy Malibu--- 13,650/ +86.4%
By the way the Chevy Malibu May sales were 15,634 which was down from April sales. So the data suggests at that rate Chevy will have to give the Malibu away.
The percentage changes are from comparable June 2007 sales.
#10023 of 20217 Re: Dismal Chevy Malibu June sales as usual [bwia]
Jul 02, 2008 (9:59 am)
Can anyone explain the dramatic rise in the Accord's sales increase, while most others are going down? I would think that it would have a similar increase/decrease to the Camry at least.
Good to see Hyundai gain - clearly they have wrought the right changes in the interior - and seeing the new Genesis, I think the next gen Sonata will be something to watch out for.