Sunday, March 2, 2008

Best and Worst Cars of 2008




Consumer Reports just published their best & worst list for 2008 cars. 4 of the 5 top cars are Japanese. The bottom 5 cars are all American.

The top 5 Consumer Reports tested cars for 2008:

1) Lexus LX460L
2) Infiniti M35 X
3) Infiniti M35 (RWD)
4) Porsche 911 Carrera S
5) Toyota Sienna XLE

The bottom 5 Consumer Reports tested cars for 2008:

1) Jeep Wrangler Unlimited Sahara
2) Hummer H3
3) Jeep Liberty Sport
4) Chevrolet AVEO LS (manual)
5) Chevrolet AVEO LS (automatic)

Using the Consumer Reports ratings along with PriceHub data, I took a very quick and unscientific look at how the best rated and worst rated cars held their value over time. The thing that jumped out at me was how quickly both Jeep vehicles drop in value. Both the Wrangler and the Liberty PriceHub price graphs show a very sharp decline in prices as the car gets older. On the other hand, the 911 and the Sienna PriceHub price graphs are relatively flatter and don't exhibit the steep declines seen by the Jeeps.

Consumer Reports must be onto something.

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