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Kia Rio 2011-2012 Replacement ?
Last post on Nov 02, 2011 at 8:55 AM
You are in the Kia Rio
What is this discussion about?
#53 of 89 Re: MSRP for the Canadian 2012 Rio 5 [hcalcat]
Aug 08, 2011 (10:49 am)
Well, I`m can`t tell you how happy I am for you are your recent purchase of your 2012 Hyundai SE Hatchback. The devaluation of the US Dollar thanks to the Tea Party pushing Standard and Poors to downgrade our credit rating from AAA to AA+ has already happened since you Posted. If you acknowledge the now 6% DROP in value of the US Dollar against the Canadian Dollar, not only will the new 2012 Kia Rio5 Hatchback be priced higher, but the 2012 Hyundai Accent Hatchback as well, right? Your a Genius to have anticipated the future and bought your new 2012 Hyundai Accent (before) the future Price Increases. Regardless, I would like to remind you, for those that are looking for more "option & content availability" the Accent has so little to offer compared to its sibling, the Rio. If "price" is the only consideration, like it appears to be for Poster, "nucarshopper" then perhaps purchasing a New Vehicle with its immediate steep depreciation might not be such a wise idea and buying a one year old previously owned vehicle might be more prudent. If, like myself, your going to be "married" to your newly purchased vehicle for 5 years or more, you might as well get exactly what options and content that is important to you rather then suffer, (buyers regret), after such a large purchase. Some folks want more then just safe,dependable&reliable transportation. The 2012 Kia Rio5 sales should begin late Sept or early Oct here in the US, not Nov if all goes as planned. The first shipment arrivals have already hit some US Ports and lots more are on their way across the "pond". For a while, they will be in very short supply and I expect will be the hottest newly launched vehicle since the Mazda Miata Convertible was almost 2 decades ago. Availability, color selection and option content coupled with almost guaranteed full MSRP PLUS Dealer Fee`s will make many, including myself to wait it out a few months and be prepared to pay even a bit more as the US Dollar continues to regress against Foreign Currencies.
#54 of 89 Re: MSRP for the Canadian 2012 Rio 5 [phill1]
Aug 09, 2011 (8:48 am)
Phil, granted the 2012 Kia Rio5 has an options and features list a mile long but the 2012 Accent SE is not exactly what anyone would consider "bare bones". The only feature that I miss that is available on the Rio5 is the rear backup camera (the Accent's rear window is tiny). I like the driving dynamics and quietness of the Accent which is still an unknown on the Rio5. Apparently there are some folks out there that agree with me as the Accent was the hottest selling sub-compact in July, outselling the Ford Fiesta, Nissan Versa and Honda Fit.
Actually my plan was to wait on purchasing the Accent and see a Rio5 comparison (ride and driving dynamics) but the Hyundai dealer made me an offer I couldn't refuse and it was exactly the color and model my wife wanted. I was surprised he was willing to negotiate because it was the first SE he received and it actually sat inconspicuously on the lot for a week. I know that it will be/is a hot seller but maybe people in my area don't know about it yet. All 7 of the 2012 Accents they received so far are gone now and they continue to just dribble in. Which begs the question, is it better to purchase a hot new model at introduction or wait until the supply builds up and the demand subsides? In most cases the latter approach results in a more favorable price but now with shifting tastes (more people are moving to small cars), a dropping greenback, increasing worldwide demand, and limited production, you may have a long wait and still end up paying more. The times they are a changing.
#55 of 89 Re: MSRP for the Canadian 2012 Rio 5 [hcalcat]
Aug 09, 2011 (10:44 am)
Just like a friend of mine`s very wealthy Dad once told me, " You can`t be Too Smart"! Your fortunate that you found the exact vehicle you and your wife were looking for when the Hyundai Accent SE Hatchback was launched and even luckier that your Hyundai Dealership negotiated a good deal with you. With very limited inventory with any new car introduction, most Dealers will hold out for not only Full MSRP but add on additional "Dealer Fee`s" sometimes as high as $700. extra. Years ago they called in Dealer Prep, where the new vehicle you purchased got a (wash job) and the buyer got a (hose job). Now in most States where it is allowed, Dealerships have the so called Dealer Fee`s already printed on their Purchase Agreements and steadfastly tell the Consumer that (all) must pay it, like its the "Holy Grail" and if they deleted it from one customer and then charged it to another, they would be liable for "discrimination claims". Now to negotiate that "Fee" off the Purchase Price they would have to give you that allowance for that so called Dealer Fee as a price adjustment either as an additional cash discount or as an added (trade in value allowance) in order to compensate for the added invoice amount.
On the matter of the "drivability" differences between the 2012 Hyundai Accent and the upcoming 2012 Kia Rio, I don`t expect (any) significant changes since they share almost all of the same mechanical components. The claim I made of the new Accent being a "Bare Bones" decontented vehicle compared to the Rio is too long to list in its entirety. Although these options and features may not be of interest to (you or others) depending on the added price of the features, at least they are available for those that want them. LED Daytime Running Lights and LED Tail Lights, Power Moonroof, Adjustable Steering Wheel (all positions), Leather Interior, Navigation System, Idle/Stop/Go Technology, Exterior Mirror Directional Signal Indicators, Heated Mirrors,Steering Wheel, and Front Seat, (Like I need that here in SO FL) and a host of other features and options that are (all) N.A. on the 2012 Hyundai Accent regardless of what Model/Trim Level you choose. Curious that Hyundai did not offer the Rear View Camera Monitor as an option since it will be mandated as Standard Equipment in (all) US vehicles within the next 2 years. Anyway, enjoy your new ride, and I hope for you and your wife`s sake you don`t end up suffering from "Buyers Regret" once the 2012 Kia Rio5 is launched next month.
#56 of 89 Re: MSRP for the Canadian 2012 Rio 5 [phill1]
Aug 09, 2011 (1:20 pm)
Not a chance of buyer's remorse. If they become popular options on the Rio5, the Hyundai will add them later to the Accent. When I purchase a car, one of my criteria is resale value. Consequently, I have owned many Hondas. When it comes time to sell, it is both easy to unload and you get top dollar. Case in point is my wife's 2006 Honda Civic EX 4 door. In my area, the average private party asking price is $12,340 for a car that sold new for $18,300 (before tax and license). That is a depreciation cost of only $6000 in almost 6 years or $1000 per year. I expect the 2012 Hyundai Accent will have similar great value retention and ease of sale so when it comes time, it won't be painful to unload.
Have you checked the value of the US dollar today? Both it and the Euro dropped 5% against the Swiss franc. The Canadian dollar and South Korean wan are strong currencies so prices of their products relative to our dollar will inevitably rise. As a hedge, you can buy their currencies or better yet, if you believe in Hyundai market growth, you can invest in their stock. It is down about 20% recently from its peak but I am confident it will spring back and upward barring any catastrophe.
Dan Neil, one of my favorite automotive journalists, wrote an interesting article in Saturday's WSJ on the Accent and Hyundai. He's writes in a very engaging style and is usually right on. Here's the link in case you are interested:
link WSJ title
#57 of 89 Re: MSRP for the Canadian 2012 Rio 5 [hcalcat]
Aug 09, 2011 (2:14 pm)
hcalcat; Thanks for the (Link). Great Article, and since I too am an owner of a 2011 Ford Fiesta SE Hatchback since July of 011`, I could`nt agree more. I have no problem with the Hyundai product, I traded in my 06` Sonata for my new Fiesta, and I still drive my 06` Kia Rio5 Hatchback, that I`ve owned since new and driven almost 70K without hardly any mechanical issues to speak of. Thats why I`m looking forward to replacing it with the upcoming 2012 Kia Rio5. Even if the new Accent Hatchback had the options and content that the Rio will have, I still would have opted for the Kia primarily because the Accent Rear looks too much "Fiesta Like" and I much prefer the Euro look of the Rio5. I have to admit though, I do prefer the "Instrumentation Cluster" of the Accent over that of the Rio. That Kia 3 "Bullet Cluster" instrument panel does (not) do it for me as well as the "Red Illumination". That misplaced "cubbyhole" to the right of the Rearview Camera/Entertainment Display Monitor is another "faux pas" IMO. But, since Peter Schreyer, former Audi Designer had the final say, who am I to say he`s wrong with his past (track record). Like everything else in life, its all about adding up all the pluses against all the minuses and then determining what works best for you. Again, enjoy your new Accent and I will certainly "Post" my experience and impressions of the 2012 Kia Rio5 on this Blog as soon as I`m able to find the one I`m looking for that has all the options and content that I want and in the color choice (both interior & exterior) I prefer. I think I`m in for a bit of a wait. Even if I locate the vehicle, negotiating a (reasonable) price will be another matter. I still remember the hysteria that followed the launch of Mazda Miata 2 seat Convertible 2 decades ago. History tends to repeat itself, it seems.
#58 of 89 Re: MSRP for the Canadian 2012 Rio 5 [phill1]
Aug 09, 2011 (3:26 pm)
Nothing wrong with waiting. In fact, at the rate cars are improving these days, patience is a virtue and can reap big dividends. Case in point, the new 2012 Mazda3 will feature Skyactiv technology in its drivetrain which is able to squeeze more mileage and power out of its engine. Sounds sweet. Here's a link to some details:
#59 of 89 Re: MSRP for the Canadian 2012 Rio 5 [hcalcat]
Aug 09, 2011 (8:35 pm)
that's exactly what the new 1.6L GDI engine does that's in the 2012 Rio, Accent and Soul.
#61 of 89 2012 Kia Rio & Rio5 (US) Info/Options/Packages/$
Aug 16, 2011 (1:23 pm)
To correct an earlier Posting I made pertaining to the release of all the pertinent information regarding the U.S. version of the upcoming 2012 Kia Rio5, I stated it would be released either on Mon Aug. 15 or Tues Aug.16, I got an update from my contact at Kia Media, "S.H." it (will) be released tomorrow at (9:00) AM, PST Aug 17. Vehicle should hit U.S. Dealerships by late Sept or early Oct. The wait is almost over! Hooray!
#62 of 89 Re: 2012 Kia Rio & Rio5 (US) Info/Options/Packages/$ [phill1]
Aug 17, 2011 (10:30 am)
Replying to my own Posting yesterday, unfortunately it was nothing more then a rehash of the same announcement that was made in late April at the New York International Auto Show. The only difference is that it was dated Aug. 17, 2011 from Kia Headquarters in Korea. The wait for details of the U.S. version of the 2012 Kia Rio5 continues! So much for the new Media Release information that was promised. I`m flying up to Montreal, Quebec CA next week on vacation. Probably see one in a Kia Dealership before I leave to return home.