2005 RX-8 Predicted to Hold Value Well
08-26-2004 | 07:03 PM
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From: DC Metro Area, USA
2005 RX-8 Predicted to Hold Value Well
I'm not sure how this correlates to 2004 RX-8?
"Foreign cars, trucks take their time losing value"
"Foreign cars, trucks take their time losing value
By Earle Eldridge, USA TODAY
Several new European and Japanese cars and trucks likely will retain the most value over the next five years, according to a report released Thursday by Kelley Blue Book, an auto research and pricing service.
The Mini Cooper's limited production and global appeal enhance its value.
The vehicles that rate best overall, all 2005 models, are the BMW 5 Series, Mini Cooper, Acura TL, Infiniti G35 coupe, Mazda RX-8, Mercedes-Benz CLK 320 cabriolet and Nissan 350 Z cars, and Volvo XC90, Lexus GX 470 and Porsche Cayenne sport-utility vehicles.
As a brand, BMW vehicles likely will retain the most value over the next five years, the report says.
The average new vehicle is worth about 30% of its purchase price in five years, according to Kelley Blue Book. But these vehicles are expected to hold about 50% of their purchase price.
VALUE PREDICTIONS
2005 model-year vehicles predicted to best hold their value over the next five years, by category:
Sedan: Honda Civic
Coupe: Infiniti G35
Convertible: Nissan 350 Z Touring Roadster
Wagon: Volkswagen Jetta TDI
Hatchback: Mini Cooper
Luxury: BMW 5 Series
Pickup: Toyota Tacoma PreRunner
Sportutility: Volvo XC90
Minivan: Honda Odyssey
Vehicles expected to quickly lose value:
Pontiac Aztec
Chrysler Sebring sedan
Jaguar X-Types
Mitsubishi Diamante
Mercury Sable
Suzuki Vitara
Source: Kelley Blue Book
What's your car worth? Click here.
Kelley Blue Book bases its forecast on current demand for and availability of a vehicle, as well as historical resale values of the model, according to executive editor Charlie Vogelheim.
Not considered for the list were high-performance or low-volume models or those priced over $60,000.
"The broader the market appeal, the stronger the vehicle value will be in the future," Vogelheim says. "A highly popular or desirable car with limited availability will depreciate slower than a car that is in excess supply or is less desirable."
Standard colors such as white, black and silver help the resale value of a car. Options such as a CD player, leather seats, sunroof, power windows and door locks, a tilt wheel, cruise control and premium sound system also help.
Despite the recent rise in gasoline prices, consumers still prefer larger, gas-guzzling engines.
Vogelheim warns that some vehicles that are launched with a lot of buzz can quickly lose their value. The Chrysler PT Cruiser and Volkswagen New Beetle are two examples, he says. When they first hit the market, they were selling for prices well above sticker. Now, they are sold with discounts.
The 2005 Aztec is expected to lose value faster than some other cars.
The Mini probably will not suffer the same fate as the Beetle and PT Cruiser because it has worldwide appeal and production is being kept in check, which should limit supply, Vogelheim says.
Vehicles likely to lose value quickly are those often found in rental car fleets, those with high maintenance costs, vehicles built in high volumes, or vehicles that have a design with limited appeal, such as the Pontiac Aztec. Detroit-made cars don't make the list mostly because they are made in big volume, Vogelheim says.
Custom paint jobs and wild modifications that make a car too personal also will devalue it, Vogelheim says. "Sometimes, we see people putting thousands of dollars' worth of aftermarket options and customization into a vehicle, and it's likely that they'll never get it back.""
rx8cited
"Foreign cars, trucks take their time losing value"
"Foreign cars, trucks take their time losing value
By Earle Eldridge, USA TODAY
Several new European and Japanese cars and trucks likely will retain the most value over the next five years, according to a report released Thursday by Kelley Blue Book, an auto research and pricing service.
The Mini Cooper's limited production and global appeal enhance its value.
The vehicles that rate best overall, all 2005 models, are the BMW 5 Series, Mini Cooper, Acura TL, Infiniti G35 coupe, Mazda RX-8, Mercedes-Benz CLK 320 cabriolet and Nissan 350 Z cars, and Volvo XC90, Lexus GX 470 and Porsche Cayenne sport-utility vehicles.
As a brand, BMW vehicles likely will retain the most value over the next five years, the report says.
The average new vehicle is worth about 30% of its purchase price in five years, according to Kelley Blue Book. But these vehicles are expected to hold about 50% of their purchase price.
VALUE PREDICTIONS
2005 model-year vehicles predicted to best hold their value over the next five years, by category:
Sedan: Honda Civic
Coupe: Infiniti G35
Convertible: Nissan 350 Z Touring Roadster
Wagon: Volkswagen Jetta TDI
Hatchback: Mini Cooper
Luxury: BMW 5 Series
Pickup: Toyota Tacoma PreRunner
Sportutility: Volvo XC90
Minivan: Honda Odyssey
Vehicles expected to quickly lose value:
Pontiac Aztec
Chrysler Sebring sedan
Jaguar X-Types
Mitsubishi Diamante
Mercury Sable
Suzuki Vitara
Source: Kelley Blue Book
What's your car worth? Click here.
Kelley Blue Book bases its forecast on current demand for and availability of a vehicle, as well as historical resale values of the model, according to executive editor Charlie Vogelheim.
Not considered for the list were high-performance or low-volume models or those priced over $60,000.
"The broader the market appeal, the stronger the vehicle value will be in the future," Vogelheim says. "A highly popular or desirable car with limited availability will depreciate slower than a car that is in excess supply or is less desirable."
Standard colors such as white, black and silver help the resale value of a car. Options such as a CD player, leather seats, sunroof, power windows and door locks, a tilt wheel, cruise control and premium sound system also help.
Despite the recent rise in gasoline prices, consumers still prefer larger, gas-guzzling engines.
Vogelheim warns that some vehicles that are launched with a lot of buzz can quickly lose their value. The Chrysler PT Cruiser and Volkswagen New Beetle are two examples, he says. When they first hit the market, they were selling for prices well above sticker. Now, they are sold with discounts.
The 2005 Aztec is expected to lose value faster than some other cars.
The Mini probably will not suffer the same fate as the Beetle and PT Cruiser because it has worldwide appeal and production is being kept in check, which should limit supply, Vogelheim says.
Vehicles likely to lose value quickly are those often found in rental car fleets, those with high maintenance costs, vehicles built in high volumes, or vehicles that have a design with limited appeal, such as the Pontiac Aztec. Detroit-made cars don't make the list mostly because they are made in big volume, Vogelheim says.
Custom paint jobs and wild modifications that make a car too personal also will devalue it, Vogelheim says. "Sometimes, we see people putting thousands of dollars' worth of aftermarket options and customization into a vehicle, and it's likely that they'll never get it back.""
rx8cited
08-26-2004 | 07:35 PM
#5
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Joined: Jun 2003
Posts: 1,266
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From: Honolulu, Hawaii
This surely applies to the '04 models as well, they make their '05 predictions based on historical trends. When the RX-8 first came out there wasn't enough data to say how it would fare. But I guess it must be holding its value relatively well for them to put it among the top value holders for '05.
08-27-2004 | 06:26 PM
#8
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Joined: Jul 2002
Posts: 21,958
Likes: 115
From: portland oregon
yep it was. i moved that post over here to media and since it has more posts i'll close this one.
here is the other thread
here is the other thread
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