As soon as a brand new car leaves the dealer’s lot, the depreciation phenomenon commences. There are plenty of reasons to spring for a new car with an empty odometer, of course. They come with great warranties, include the latest technologies, offer the buyer peace of mind with regard to the vehicle’s history, and, naturally, they come with that wonderful new car smell. However, to paraphrase Benjamin Franklin, “In this world, nothing can be said to be certain, except death and taxes and your new car depreciating as soon as the rubber rolls of the lot.” We took a look at the data and found that although some cars quickly lose value for good reason (looking at you, Mitsubishi Galant), there are others that actually become pretty great deals. If the smell of organic materials off-gassing is of paramount importance, feel free to pay the premium for your brand new car. If you don’t mind waiting a few years, however, we’ve picked 10 vehicles that offer incredible value on the used market.
Frequent readers of our blog might remember a post we wrote a while back about which vehicles offer the most horsepower per dollar. The possibility of getting the absolute most of a certain spec or feature per dollar intrigues us, perhaps because we’re a consumer-focused site, or maybe just because it’s fun to have a purely data-driven glimpse into car shopping. It’s easy to buy a car based on looks, or branding, or a particular set of features that you’re simply dying to have. It’s harder to figure out exactly where the best value lies.
If you’re like me, when you hear the name Dodge, you still think of beefy pickup trucks. Never mind the fact that Chrysler took all of Dodge’s trucks and moved them under the Ram brand back in 2009.
That shift left Dodge with nothing more than a couple of cars, two SUVs and a van. The plan was to turn Dodge into a sporty car brand, but so far the new Dart is as close as we’ve seen to anything new and exciting. With some recent news about some Dodge vehicles getting discontinued, is it possible Dodge will cease to exist?
In the category of things that are long overdue, let’s place this:
While speaking at the Chrysler Belvidere Assembly Plant, Marchionne said the Compass will continue to be built at the facility through August 2014, at which point it will be replaced by a new model. He also said the Grand Caravan will be the automaker’s only minivan moving forward. Marchionne also let slip his company’s intent on the development of a Dodge Dart SRT model, saying the performance-oriented vehicle is coming just as soon as they figure out how big an engine to put in it.