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Edmunds.com Warns Car-Shoppers about "Best Value" Claims; Notes Honda Civic is Best Automotive Value
A recently released list of best new-car values could lead cost-conscious shoppers astray. Edmunds.com, whose extensive data department has been projecting comprehensive five-year vehicle ownership costs since 2002, has determined that the Prius Touring actually ranks 41st in terms of ownership costs. Read More
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Some New Cars Now Less Expensive than Used Cars, Edmunds.com Reports
Deals on some new cars are so generous that they actually make the new car less expensive than the one-year old used version of the same model. "Compared with new vehicles sales — which are at lows unseen in decades — the used car market is doing well," observed Edmunds.com CEO Jeremy Anwyl. "Desirable used vehicles are becoming harder to find, pushing up their prices, while today's new cars are heavily discounted. This is creating an unusual economic event: It can actually be less expensive to purchase a new car than a used car."
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