Sunday, February 15, 2015

The Automotive Reporter/Biz News for the Week of 2-16-15

Because one pair of awkward,
yellow lamps weren't enough...
1976 Honda CVCC Hatchback
My father used to always tell me that owning a car was more than the monthly payment.  By the time I had purchased my first new car (a 1976 Honda CVCC 5-speed), gasoline was selling for .59/gallon on average, so “what, me worry?” to quote Alfred E. Newman

All that changed in the ‘80’s, and now the price of gasoline can cause apoplexy if it varies more than a few cents from week to week. Hey, remember what you were paying for gasoline a year ago??

The editors at Kelly Blue Book have just published their cost estimates for the most fiscally prudent cars to own from the Class of 2015 (on a five-year basis). 

According to the report, the winners in their categories are based on the costs of financing, insurance and state fees, as well as the estimated costs of fuel, scheduled maintenance and repairs.  The purchase is based on Kelley Blue Book’s exclusive Fair Purchase Price. Then there’s projected depreciation, derived from KBB’s industry-standard residual-value analysis.
The results are pretty impressive.
Yes, I am a nerd.

2015 Audi A-5 Coupe
The Subaru brand snags the overall KBB 5-Year Cost to Own Award with its line-up of all-wheel drive vehicles, spiffy styling on the outside, and improved appointments on the inside. The best luxury brand in this category goes to Lincoln, which has made major strides towards affordability while retaining classic good looks. The best luxury car to own, however, is the Audi A-5, with a projected cost of ownership of $57,527.

KBB has proclaimed the 2015 GMC Sierra Regular Cab Pickup Truck the best-to-own full-size truck over 60-months, estimating the total cost of ownership at $42,881.

2015 Ford Mustang GT
 The 2015 Ford Mustang GT is Best High-performance car to own over 5-years, at an estimated expense of  $49,545. (Editorial comment: This is the most-beautiful rendering yet of the classic Mustang design, with lines that excite even when the car is inert.)

2015 Mazda M-5 Miata
The most cost-efficient sports car to own for a 5-year span, according to KBB, is the 2015 Mazda MX-5, at $40,178. Remember, these figures include the purchase price of the automobile. Yes, here's my weekly, obligatory photo of the Car I Most Covet.

The Best Sub-compact car award goes to the 2015 Chevrolet Spark, at $26,905 over the same period.
2015 Toyota Prius-C
And since it appears there’s a trend headed that way, KBB says if you’re going to buy a hybrid-alternative-energy car, the Toyota Prius-C is the way to go. Estimated average cost to own over five-years clocks in at $34,780.

You can look up your own prospects on the Kelly Blue Book report site here.

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