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Sedans Midsize Sedans 2.0
13313 messages, Last post on Dec 02, 2009 at 9:27 AM
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Replying to: aviboy97 (Jul 02, 2008 7:21 am) 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.
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Replying to: thegraduate (Jul 02, 2008 7:23 am) |
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Replying to: jeffyscott (Jul 02, 2008 7:53 am) 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. |
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Replying to: aviboy97 (Jul 02, 2008 8:44 am) 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.
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It would appear that the Malibu is turning out to be a disaster for GM. I don’t 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.
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Replying to: bwia (Jul 02, 2008 9:47 am) 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. |
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Replying to: bwia (Jul 02, 2008 9:47 am) Now, if GM had Camry / Accord sales numbers in their target, then obviously they were way off, and from that stand point, the Malibu is a failure.
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Replying to: aviboy97 (Jul 02, 2008 8:44 am) I could be wrong, but I would assume that the Mazda6, unlike the Sonata did not start out as a "bargain concept". I think this developed over time...though I'd guess it likely always sold for less than a comparable Camry or Accord. |
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Replying to: backy (Jul 02, 2008 7:37 am)
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Replying to: bwia (Jul 02, 2008 9:47 am) The percentage changes are from comparable June 2007 sales. A "disaster" for GM? Hardly. Not only have they increased their sales (by 86%) from the previous year, when just about all other midsize sales have dropped (even the coveted Camry dropped 11%), but a much-higher percentage of previous-year sales have been to fleets. To expect the Malibu to match the CamCord numbers on it's FIRST year of a redesign is simply ludicrous, and I'm sure GM has known this from the start. |
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