July 8, 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.
June 17, 2011
Posted By Valerie Jennings
Thank you David Day, editor and chief of Thinking Bigger Business Magazine, for publishing the article Frank Ancona Honda wrote regarding hybrids for small businesses. I really appreciate your support in getting the word out about greening the environment!
Here is the article — ECO-NOMICS OF GOING GREEN
by Jason Heard, sales manager at Frank Ancona Honda
Many companies are looking for ways to be more sustainable and save money. As gas prices climb, now is a great time for small businesses to consider eco-friendly hybrid vehicles.
According to livestrong.com, driving a hybrid can save up to 50 percent of the cost of a standard car, a potential savings of nearly $1,000 a year. There also is a lot less wear on the engine, as the car switches between motors and the one resting can cool down. Both in fuel and maintenance costs, buying hybrids can lower the economic impact of your company’s vehicle costs.
Fleets of Hybrids
Hybrids are a clear choice when it comes to fuel conservation. Hybrid cars have both an engine and an electric motor, which conserve fuel. Hybrids cut fuel usage by more than half, while producing lower levels of toxic exhaust fumes. A recent Kelly Blue Book survey found that 35 percent of buyers have changed their minds about the vehicle they would buy because of gas prices. And, 15 percent of people said they are looking to buy a new car to save money on gas.
Hybrids aren’t just the right choice for individual buyers. Businesses can gain the same benefits when buying company vehicles. A study conducted in September 2010 by Pike Research confirmed that fleet operators are finding that hybrid electric vehicles (HEVs) can help cut fuel costs and meet emissions-reduction targets.
The United States is expected to be the largest fleet market for light-duty HEVs through 2015, with vehicle sales of 233,454 vehicles, an 8.1 percent compound annual growth rate from 2010. Global HEV fleet sales will reach 740,704 vehicles in 2015, representing nearly 4 percent of global LD vehicle sales.
A key finding by Pike Research shows that commercial and government fleet managers can improve fuel economy between five percent and 40 percent, as well as lower emissions 10 percent to 50 percent below comparable vehicles with internal combustion engines.
Types of Hybrids
Before choosing a hybrid for your small business, be knowledgeable about the different types:
Full hybrids can run on either just the gasoline engine or just the electric motor, but also can run on a combination of both.
Assist hybrids also are called power hybrids and cannot run on the electric motor alone.
Mild hybrids have starter motors that allow drivers to turn off the engine to save gas.
No matter the type of hybrid, one thing is certain: there is always savings.
The average driver saves $3,750 per year by buying a hybrid, and the average fuel efficiency of new vehicles by 2020 will be 40 MPG. Companies with multiple vehicles would see their savings multiply—along with the environmental impact—with each hybrid in service.
When it’s time to replace your company vehicles, consider whether a hybrid is the right choice for the environment and for your bottom line.
Jason Heard is the sales manager at Frank Ancona Honda, located at 1000 North Rogers Road, Olathe Founded in 1961, the dealership is a family-owned business celebrating its 50-year anniversary. (913) 782-3636 // www.frankanconahonda.com // www.facebook.com/pages/Frank-Ancona-Honda/371471708177 // Twitter: @anconahonda // www.drivegreencarsblog.com
Read the Article on Thinking Bigger Business Magazine