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Archive for August, 2012

Three factors above all seem to be the most important amongst Honda Tucson parents who are car shopping for teens: safety, reliability and true cost to own.

The Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA) conduct independent crash testing that gauges a vehicle’s ability to withstand various types of collisions. With IIHS ratings, a “Good” rating is the top scored offered. IIHS also publishes an annual “Top Safety Picks” list, which reflects its most recommended choices, and to qualify, all models must receive a “Good” rating in all tests. With NHTSA ratings, parents should select vehicles with five star crash test scores.

Another factor to consider is the size of your teen’s vehicle. Size may play a significant role in its overall safety; parents should avoid the smallest car since it won’t offer as much protection as a larger vehicle. On the same note the largest vehicles should be avoided as well, since these can be difficult to maneuver and are intimidating for new drivers. AAA recommends that parents avoid SUVs and stick to mid-size sedans. The organization also concedes that newer models are safer than older ones because of stability control technology.

Features such as electronic stability control (ESC), airbags and antilock braking systems (ABS) are essential. Dual front airbags have been mandatory since 1998, and by law, ESC and ABS are mandatory on all 2012 models. But that doesn’t mean that older cars should be totally rules out. “With the average age of vehicles now at nearly 11 years old, it’s clear that vehicles are really being made to last well past their 5-year/50,000-mile warranties these days,” says Kristin Brocoff, director of corporate communications for CarMD.com Corporation.

The expenses associated with your teen’s vehicle don’t end with its price tag. Edmunds.com offers a tool called True Cost to Own (TCO®) that estimates a model’s buying, ownership and operating costs over a five-year period.

TCO factors in depreciation, interest on financing, taxes and fees, insurance premiums, fuel, maintenance, repairs and any federal tax credit that may be available. Edmunds’ data team researches these expenses and plugs them into proprietary algorithms that forecast five years of total ownership cost.

Best Cars for Teens:
Midsize sedans earn the highest recommendation for parents seeking the safest transportation for their teen drivers. The 2009-’13 models listed below all offer top crash test scores and low TCO. And all used models appear on CarMD’s Vehicle Health Index, which means they rank among the top 10 percent of all vehicles on the road when it comes to dependability. All the Hondas on this list can be found at your Arizona Honda dealer today. Check out other Chapman dealers for any of the other brands listed.

2009 Honda Accord

2010 Chevrolet Malibu

2010 Volkswagen Jetta

2011 Hyundai Sonata

2012 Honda Accord

2012 Hyundai Sonata

2012 Volkswagen Jetta

2013 Chevrolet Malibu

 

On average consumers are now paying $500 less for a new vehicle today compared to just one year ago. According to Kelley Blue Book, the leading provider of new car and used car information, Japanese car prices especially have had the most significant decline in 2012. Low inventories among auto dealers are no longer restraining new-vehicle sales; mainly due to the fact supply is meeting demand. As a result, transaction prices, or the price consumers typically are paying for a car, based on actual new-vehicle transactions and updated weekly for changing market conditions, are considerably more affordable than this time last year.

Right now the average Honda model is about $1,200 less than it was this time last yaer. Suburu, Mazda, and Toyota’s costs have also dropped and have become $700 to $800 cheaper.  According to Kelley Blue Book Honda has regained 4.5 and 2 percentage points of market share throughout May 2012. This has made them able to considerably increase market shares this year.

There are a handful of models that are particularly affordable, including new Honda cars like the 2012 Honda Accord which is down nearly $1,500 from last year. In June 2011, the Prius was selling at nearly 10 percent more than MSRP due to high fuel prices and nonexistent inventory.  These two issues no longer are driving up prices for the Prius and other fuel-efficient models.

Also according to Kelley Blue Book, The Honda Accord can attribute its price decline to improved inventory levels, falling fuel prices and the expectation of a redesign for each model later this year. Although conditions in the global economy continue to deteriorate, consumers who are willing to pull the trigger on a new vehicle will find that there are plenty of deals available.

For more information on cars available at Chapman dealerships, including your Arizona Honda dealer, come by and see us or visit our website.