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The Fit Is Go(od): Consumer Reports Ranks It Best Value Along With Many Other Japanese Cars

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On: Mon, Jan 9, 2012 at 3:25PM | By: Chris Weiss


The Fit Is Go(od): Consumer Reports Ranks It Best Value Along With Many Other Japanese Cars

Consumer Reports has released its latest Best New-Car Value List, a list that combines metrics from its performance, reliability, and cost of ownership data pools to determine value scores for some 200 vehicles. Japanese vehicles perform particularly well this year, with the Honda Fit topping the pack again.

Out of 48 "best value" picks, 34 come from Japanese manufacturers, while other countries only rank in the single digits (six European models, five American and three South Korean).

The Honda Fit earns the best overall value in the report and tops the list of best small cars, which perform well as a segment. In addition to the Honda Fit, other top valued small cars include the Toyota Prius, Volkswagen Golf TDI, Scion xD and Toyota Corolla. The worst value in the small car segment is the Chevy Cruze 1LT, but since small cars have strong value in general, the car still performs near average.

Family sedans also perform well as a group, with the Nissan Altima leading the way.

On the other end of the spectrum, the Jaguar XJL is the worst in the below-average valued luxury sedan category. As a category, luxury sedans score at about 70 percent of average. The best luxury sedan--the Lexus ES350, however, scores about 1.5 times the average.

The final scores were arrived at by compounding each car's five-year owner cost, Consumer Reports' on-road testing, and CR's predicted reliability. Vehicles from eleven separate categories, from small cars to large SUVs, were analyzed in the report.

In a press release, Rik Paul, automotive editor at Consumer Reports, explains the measure: "A low price doesn't necessarily make a car a good value. A cheap vehicle can wind up costing you more money over time or can be disappointing down the road. We think real value is what you get for your money."

Other trends uncovered by the report include a strong showing for hybrids and poor performance for mid- and full-sized SUVs.

You can read more about the winners and losers at Consumer Reports' website and in the press release below.

PRESS RELEASE:

Honda Fit Repeats at Top of Consumer Reports Best New-Car Value List
Analysis of performance, reliability, and owner cost finds small cars and family sedans deliver the most bang for the buck

YONKERS, N.Y., Jan. 3, 2012 /PRNewswire-USNewswire/ -- Despite the influx of new vehicles into the small- and budget-car marketplace, the Honda Fit remains on top in Consumer Reports list of best value small cars. The Fit also re-emerged as the best overall value among some 200 different vehicles that were analyzed.

"A low price doesn't necessarily make a car a good value," said Rik Paul, automotive editor at Consumer Reports. "A cheap vehicle can wind up costing you more money over time or can be disappointing down the road. We think real value is what you get for your money."

Consumer Reports mined its 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 Jaguar XJL.

Scores were calculated based on the five-year owner cost for each vehicle along with Consumer Reports road-test score and the organization'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 short, the better a car performs in Consumer Reports road tests and reliability ratings, and the less it costs to own over time, the better its value.

Overwhelmingly, the best values come from Japanese automakers, including most of the top models in each category. Of the 48 best values in Consumer Reports lists, 34 are from Japanese brands. Six models come from European brands (mostly Volkswagen), five come from American ones (mostly Ford), and three are from South Korean automakers.

In all, 11 different categories of vehicles were evaluated including small cars, family sedans, upscale and luxury sedans, sporty cars, wagons, minivans, small SUVs, midsized SUVs, large and luxury SUVs, compact pickups, and full-sized pickups. Within categories, models are ranked by value score, above or below the average.

Overall the report finds that small cars and family sedans provide the best value. In addition to the Honda Fit, the Toyota Prius hybrid, diesel-powered Golf TDI (with manual transmission), Scion xD, and Toyota Corolla also made Consumer Reports list of best values in the small car category. Most scored at least twice as high as the average model and higher than any other model in Consumer Reports' analysis. Even the lowest-scoring small car, the Chevrolet Cruze, is close to average in overall value.

Best Value Small Car : Honda Fit
Worst Value Small Car : Chevrolet Cruze 1LT


The family-sedans category is led by the four-cylinder Nissan Altima, which scored 75 percent higher than average. That's followed by the four-cylinder Kia Optima, the Subaru Legacy, the Ford Fusion Hybrid, and the four-cylinder Honda Accord. Again, even the lowest-rated family sedans have value scores that are slightly better than average.

Larger and luxury vehicles are among the worst values overall. The best large and midsized SUVs, for example, tend to earn about the same value score as the lowest-ranked family sedans. Large or luxury sedans and SUVs also usually score at only about 70 percent of the average.

There are exceptions. The top-scoring upscale sedan, the Lexus ES 350, earned a value score that's almost one and a half times the average, for example. The ES is comfortable, quiet, roomy, and reliable, and it's a nicer overall car to drive than the four-cylinder Altima family sedan. But its cost per mile is a relatively high 77 cents, and its five-year owner cost is $11,000 more than the Altima's. That drops its value score slightly below the Nissan.

Best Value Upscale & Luxury Sedan : Lexus ES 350
Worst Value Upscale & Luxury Sedan : Jaguar XJL


The analysis also revealed wagons and small SUVs tend to provide better value than larger SUVs or minivans. Among wagons, the diesel-powered Volkswagen Jetta TDI with manual transmission is the top scorer, offering almost 70 percent more value than the average car. Other good choices are the Mazda5 microvan and Subaru Outback, with almost one and a half times that of the average value.

Best Value Small SUV : Toyota RAV4 (base, 4-cyl.)
Worst Value Small SUV : Jeep Liberty Sport


The top small SUVs are even better values than wagons. Leading that class are the four-cylinder Toyota RAV4 and the Subaru Forester, with scores that are 84- and 70-percent better than average. Midsized SUVs represent less of a bargain because of their higher purchase prices and fuel costs. Even the best midsized SUVs in the chart scored only a little better than average. Among luxury SUVs, only the BMW X3, Acura RDX and MDX, Infiniti EX, and gas and hybrid versions of the Lexus RX had above-average value scores.

Best Value Small SUVs : Toyota RAV4 (base, 4-cyl.)
Worst Value Small SUVs : Jeep Liberty Sport


Minivans generally get better fuel economy than most midsized or larger SUVs, have more space than all but the largest SUVs, and usually cost less. But as a class, subpar reliability drags them down. Even the most reliable minivan, the front-wheel drive versions of the Toyota Sienna, have only average reliability, which allows us to recommend them. As a result, they are also the only minivans that earned a better-than-average value score.

Consumer Reports analysis also showed that hybrids can be relatively good values because of a combination of good fuel economy, low depreciation, and above-average reliability. As a class, hybrids have an overall value that's at least one and a half times that of the average model, and on average they cost about 65 cents per mile to drive over the first five years.

The complete best and worst lists for all 11 best car values categories are available in the February Issue of Consumer Reports and online at www.ConsumerReports.org starting January 3.

Consumer Reports is the world's largest independent product-testing organization. Using its more than 50 labs, auto test center, and survey research center, the nonprofit annually rates thousands of products and services. Founded in 1936, Consumer Reports has over 8 million subscribers to its magazine, website and other publications. Its advocacy division, Consumers Union, works for health reform, food and product safety, financial reform, and other consumer issues in Washington, D.C., the states, and in the marketplace.

The material above is intended for legitimate news entities only; it may not be used for advertising or promotional purposes. Consumer Reports® is an expert, independent nonprofit organization whose mission is to work for a fair, just, and safe marketplace for all consumers and to empower consumers to protect themselves. We accept no advertising and pay for all the products we test. We are not beholden to any commercial interest. Our income is derived from the sale of Consumer Reports®, ConsumerReports.org ® and our other publications and information products, services, fees, and noncommercial contributions and grants. Our Ratings and reports are intended solely for the use of our readers. Neither the Ratings nor the reports may be used in advertising or for any other commercial purpose without our permission. Consumer Reports will take all steps open to it to prevent commercial use of its materials, its name, or the name of Consumer Reports®.

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Stephy21 | 9:18AM (Tue, Jan 10, 2012)

Wow i cant believe the Jeep Liberty is the worst small SUV.



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