July 8, 2011
Kansas City Honda Dealer Frank Ancona Honda Reviews: Consumer Reports Naming Honda Fit As The Small Car With The Best Overall Value In 2011
Posted By Jason Heard, Sales Manager at Frank Ancona Honda
We are excited to announce consumer reports’ review of the Honda Fit as the small car with the best overall value in 2011. The Fit also emerged as the best overall value among some 200 different vehicles analyzed, ranging from small cars to luxury sedans.
According to Consumer Reports
Although the Jeep Wrangler is well known for its off-road capability, it was named as the overall worst value.
Consumer Reports mined performance, reliability, and ownership cost data to calculate value scores for some 200 different vehicles, ranging from small cars like the Honda Fit to luxury sedans such as the BMW 750Li.
Scores are calculated based on the five-year owner cost for each vehicle along with Consumer Reports’ road-test score and the publication’s own predicted reliability. Five-year owner cost estimates factor in depreciation, fuel costs, insurance premiums, interest on financing, maintenance and repairs, and sales tax. Depreciation is by far the largest owner-cost factor.
In all, eight different categories of vehicles were evaluated including small cars, family cars, upscale sedans, luxury sedans, sporty cars, wagons and minivans, small SUVs and midsized SUVs. Within categories, models were ranked by value score, above or below the average.
Where to find the best values
Small, affordable cars are often considered value choices. But some small cars are far better choices than others. At $16,000, the Honda Fit is the top value of more than 200 vehicles in Consumer Reports’ analysis; the similarly priced Chevrolet Aveo is the worst value in its class, with higher owner costs, a low test score, and below-average reliability.
Several family cars and small SUVs also stand out as good values, including the Honda CR-V, Hyundai Sonata, Subaru Forester, and several Toyotas, notably the Camry, Prius, and RAV4.
Small and family cars tend to provide the most value for the money, while luxury cars as a class are more expensive to own. But there are always exceptions. For instance, Consumer Reports’ best-value luxury car, the V-8-powered Hyundai Genesis 4.6, has a value score that is the same as the average for all cars.
Even some SUVs can be relatively good values, but midsize models tend to be more expensive over time due to worse fuel economy and higher purchase prices. Still, several models scored better than average, including the Hyundai Santa Fe, the four-cylinder Kia Sorento, and the V-6 and hybrid versions of the Toyota Highlander.
When including its Lexus and Scion brands, Toyota led in best values with 11 models. Seven best-value models come from Hyundai and its Kia brands. Five best-value models are from Honda and Acura.