Last post on Oct 13, 2013 at 8:56 PM
You are in the Hyundai Elantra
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Hyundai Elantra, Future Vehicle, Sedan
#440 of 590 Re: Price [backy]
Mar 31, 2011 (10:03 am)
Your logic based on your statement does not make sense: "A few posts ago I gave you an example of how today's 2011 Elantra actually costs LESS than the same model from 2001". Between 1999 and 2000 Ford, Chevy, and Toyota's share prices were 10 times more than what they are now. So if you value a company based on it's assets and stock prices a 2011 Elantra price should be a lot cheaper that a 2000 Elantra. You can also add the fact that companies are a lot more automated and productive these days. Granted there is cost in research and development but that hardly justifies what they charge for cars these days. You can make the argument that Chevy and Ford have to charge more because of debts and overhead from the past , but a company like Hyundai and Kia should not be in the same boat.
#441 of 590 Re: Price [lcw1]
Mar 31, 2011 (12:14 pm)
Just to jump in...
I'm not certain how share price comes into the picture when you're comparing the historical costs of automobiles and the 'value' of them.
You could argue that there is no added value in power mirrors and remove that item from your calculations...but I still think even when you remove all the 'junk' the newer cars are cheaper.
...Back in my day you could buy a loaf of bread for a nickel
#442 of 590 Re: Price [ivan_99]
Mar 31, 2011 (2:00 pm)
Ivan_99: Thanks for replying. The share price analogy is precisely why historical prices do not apply for cars. Today a loaf of bread costs 10 times what it costs 20 years ago. At the same time a computer costs 100 times less today than it did 20 years ago. Technology makes products cheaper not more expensive.
#444 of 590 Re: Price [lcw1]
Mar 31, 2011 (7:34 pm)
A car is not a computer. A car has a much higher parts cost than a typical computer. Anyway, please show me where I can buy a new high-end desktop computer for $40-50.
Similarly, if you compare an Elantra of ten years ago to one today, you see a lot of technology, and features, and expensive parts, that were not there 10 years ago. And in those ten years, prices of the car's raw materials have shot up, e.g. all the high-strength steel used in the 2011 Elantra costs more than the regular steel used in 2001.
Shipping costs have increased. Labor costs have increased--not just for factory workers, but all the other jobs associated with designing, shipping, and marketing a car. Oil prices are up, which affects raw materials (plastics) but also costs for running factories and transport.
If technology makes prices cheaper, why aren't new houses cheaper, like for like, than they were ten years ago? If there was any drop in price, it's because of the recession, not technology. Sales prices for cars dipped during the recession too. Now they're on their way back up, especially for cars in demand--like the 2011 Elantra.
Mar 31, 2011 (8:49 pm)
if you are interested in what they think, consumers reports just tested the Elantra (along with the Jetta and the Cruz), and the elantra is now their highest rated small car.
the Jetta was panned, and rated at the bottom. the cruz, not much better.
Car and Driver also has a comparison test in their latest issue. the Elantra finished 3rd of 5, ahead of the cruz and jetta, behind the mazda 3 and focus. But, C&D always does go for sporty over everything else!
#446 of 590 Re: CR [stickguy]
Apr 01, 2011 (7:51 am)
CR did not test the new Focus (obviously doesn't mean it would win).
But some of their test scores are pretty close.
Mazda 3 --- 77
Elantra ---- 80
Cruze and Jetta in the 60's...
#447 of 590 Re: CR [ivan_99]
Apr 01, 2011 (10:58 am)
just looked, and the latest rankings were Elantra 80, sentra 74 (!), Mazda 70. So pretty big spread.
Jetta was 60 even. Not good.
and C&D absolutely ripped it to shreds too.
#448 of 590 Re: CR [stickguy]
Apr 01, 2011 (2:35 pm)
I'm not surprised to see the Elantra at the top of the cars CR has tested. It will be interesting to see where they rank the Focus; they rated the old Focus highly in the past. Also, they don't score based on price, so the fact the Focus is pricey for a compact will have no impact on their scoring.
I am very surprised the Cruze did so poorly in CR's testing. The only big things I don't like about it, other than the price, are rear-seat leg room and lack of features/options on the LS e.g. cruise.
#449 of 590 March sales
Apr 01, 2011 (2:41 pm)
Just saw Hyundai's March sales. Elantra had what might be its biggest sales month in NA in history, nearly 20,000 units--compared to just over 8,000 units a year ago. No wonder we're seeing resistance by some dealers to deal on the 2011 Elantra. It's a very hot car right now.