Auto News for Dec. 15

Auto News for Dec. 15

Subaru and Lexus earned top honors in Kelley Blue Book’s latest survey of Best Resale Value. Subaru has four model winners and Lexus six in the just released report. Toyota and GM each had five models that won awards. It was a bit of old hat for Lexus that took home the top luxury brand award for the fifth year in a row. By category things broke down as follows:

SUBCOMPACT CAR: Honda Fit

 

COMPACT CAR: Subaru Impreza
 

SPORTY COMPACT CAR: Subaru WRX

 

MID-SIZE CAR: Subaru Legacy

 

FULL-SIZE CAR: Toyota Avalon

 

ENTRY-LEVEL LUXURY CAR: Lexus RC

 

LUXURY CAR: Lexus GS

 

HIGH-END LUXURY CAR: Porsche Panamera

 

SPORTS CAR: Chevrolet Camaro LT

HIGH PERFORMANCE CAR: Chevrolet Camaro SS
HYBRID/ALTERNATIVE ENERGY CAR: Lexus ES 300h
 

PLUG-IN VEHICLE: Tesla Model S

 

COMPACT SUV/CROSSOVER: Jeep Wrangler

 

MID-SIZE SUV/CROSSOVER: Toyota 4Runner

 

FULL-SIZE SUV/CROSSOVER: Chevrolet Tahoe

 

LUXURY COMPACT SUV/CROSSOVER: Porsche Macan

 

LUXURY MID-SIZE SUV/CROSSOVER:  Lexus GX 460

 

LUXURY FULL-SIZE SUV/CROSSOVER:  Lexus LX 570

 

HYBRID SUV/CROSSOVER: Lexus RX 450h

 

MID-SIZE PICKUP TRUCK: Toyota Tacoma

 

FULL-SIZE PICKUP TRUCK: Toyota Tundra

 

MINIVAN/VAN:  Toyota Sienna

 

A bit of sobering news: An average 2016 model year vehicle only will retain about 34.8 percent of its original value after a five year ownership period. That means a $50,000 new car today will only be worth somewhere close $17,400 after five years, KBB said.

AAA predicts that the number of holiday travelers will top 100-million for the first time. Nearly in one in three Americans will take a trip this holiday season, the auto club said, with most traveling 50 miles or more from home. This represents a 1.4 percent increase over last year. It said rising incomes and low gas prices are the main reasons lots of people will hit the road.

The safest city to drive in is Kansas City, Kansas, followed by Cape Coral Florida, according to a study produced by Allstate. The remainder of the winners tended to be smaller cities with Brownsville, Texas, Boise Idaho, and Madison, Wisconsin, rounding out the top five.

Jaguar E

Jaguar is returning to racing. It will enter the third season of the FIA Formula E Championship in the fall of 2016. This is the world’s first global single-seat championship for electric powered cars. “It is my belief that over the next five years we will see more changes in the automotive world than in the last three decades,” said Nick Rogers, group engineering director for Jaguar Land Rover. “The future is about being more connected and more sustainable; electrification and lightweight technologies are becoming more important than ever as urbanization continues to increase. Formula E recognized and reacted to these trends and the championship’s exciting and pioneering approach is the perfect fit for our brand.”

New vehicle registrations for light-duty vehicles have reached the highest point in the past nine years, according to Experian Automotive. There are more than 17-million of them on the road, a metric that hasn’t been achieved since 2006.

Long in a slump, auto sales in Europe continued their path toward redemption last month rising 13.7 percent even with VW’s troubles. Ford, GM, and Fiat Chrysler all saw sales increases while VW’s core brand saw a 2.2 percent sales decline. BMW and Mercedes also posted gains with Mercedes up almost 23 percent and Bimmer up 10 percent.

 

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