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Sedans Hyundai Sonata Hyundai Sonata vs Honda Accord 
664 messages, Last post on Oct 12, 2007 at 3:33 PM
You are in the Hyundai Sonata Forum. Your Hosts are pat & karens
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Replying to: backy (Oct 08, 2007 12:18 pm) Honda doesn't complicate things with trim levels like most other automakers do. If you select Accord LX, it is what it is. I went with that, and compared it with GLS/5MT. Why couldn't you do the same? As for timing chain versus belt, now you know. And you should have known well a few days ago if not earlier that Accord I-4 uses timing chain (since MY2003. This was discussed when timing belt was being. And even if it didn't, its replacement doesn't show up until 105K mile mark (and when it does, it costs $350 to replace, as is going to be for the second time in my 1998). I don't expect you are going to answer my question as to whether you think it's reasonable that the one-year resale price of a Sonata with 15k miles is about $7500, and if you have been able to find any data to support that Now am I supposed to tell you that TCO is not a number I came up with? But I can see why the depreciation would be higher for Sonata. It is called "resale value". Believe it or not, Sonata is not a highly sought after car. Its image is also diluted by being one of the rental queens. Couple it to the fact that the warranty gets shaved to half upon resale and that Hyundai offers massive rebates, one can see why it doesn't have resale value. You say one could buy a brand new GLS/MT for $15K (MSRP plus destination is about $18K). So, how much do you think one would want to pay for a used Sonata with 15K miles? $10K sounds logical to me. But consider the fact that one pays $2K in TTL etc. So, it doesn't seem like a far fetched idea that Sonata will show a massive $7K deprecition after just one year. This has been a long time problem with domestic brands (who have long competed on price). And like I said, if you have issues with TCO, take it to them who came up with those numbers. I'm sure they didn't pull those out of thin air.
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Replying to: isellhondas (Oct 07, 2007 2:33 pm) van |
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Replying to: robertsmx (Oct 08, 2007 12:52 pm)
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Replying to: thegraduate (Oct 08, 2007 12:55 pm)
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Replying to: robertsmx (Oct 08, 2007 1:03 pm) |
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Pages of nonsense. Who cares? How about someone explaining why Hyundai can't ever sell more than 12,000 Sonatas a month. They sell that many Camrys in a week.
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Replying to: robertsmx (Oct 08, 2007 12:52 pm) Well, that's not what I'm seeing out there for one-year-old Sonatas. It's lower than I'm seeing for one-year-old Elantras. Consider that according to Edmunds' TCO, a five-year-old base Sonata is worth less than their own TMV was ($5950) for a 5-1/2 year old Elantra GLS MT last year. So, no, I don't think their depreciation numbers are realistic at all because they don't correspond to the real world. Comparing TCO using Edmunds' methodology for a 2007 Sonata GLS, no options, to an Accord LX gives a TCO of about 46 cents a mile vs. 45 cents. If the Sonata would actually be worth a little over $6000 for a private-party sale at the end of five years instead of what Edmunds' TCO says it will be, it's a wash. BTW, Edmunds' TMV for a five-year old base Sonata MT with ABS and 75k miles in clean condition is--guess what?--just over $6000. And the current Sonata is a far better/desirable car. So, you can take that one-cent difference in TCO as gospel if you want. I'll keep my eye on what's happening in the real world.
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Replying to: goodegg (Oct 08, 2007 1:48 pm) Hyundai did sell 20,000 a month a couple of years ago. But that was when they were shipping I4s from Korea and were selling heavily to fleets. With about 10k Santa Fes a month being sold, 15k a month is the limit for the Sonata unless Hyundai wants to ship from Korea again. They may be striving more to get more profit per unit than max out sales, e.g. cutting fleet sales and incentives (now just $1k on the 2008s). |
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Replying to: backy (Oct 08, 2007 1:51 pm) And please don't keep telling me Sonata is a more desirable car. It may be to you, but most of the world seems to disagree with you (and numbers back it up). Desirable cars don't lose money or start a new model year with rebate being a permanent fixture. |
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Replying to: backy (Oct 08, 2007 1:51 pm) 
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