How Many Bucks per Bang? No wonder GM and Chrysler are Hurting.
GM and Chrysler still haven't addressed the issue of quality. American vehicles are still not the best values and none of the restructuring plans are going to change that.
April 2009 was Consumer Reports magazine's annual car issue. To measure a vehicle's overall value, they divided its estimated 5-year ownership cost by its overall road test score. They amusingly call this price the vehicle's "bucks per bang."
Their conclusion:
The Prius ($325) had the fewest bucks per bang and the Hummer H2 ($3620) had the most. The Jeep Wrangler Unlimited($2320,) Chrysler Sebring 4 cylinder ($740) and Chevy Aveo5 ($870) are a few more reasons that American car companies are going bankrupt.
April 2009 was Consumer Reports magazine's annual car issue. To measure a vehicle's overall value, they divided its estimated 5-year ownership cost by its overall road test score. They amusingly call this price the vehicle's "bucks per bang."
Their conclusion:
Of the 41 vehicles in our best values list, all but the Mini, VW, and Volvo C30 are from Asian manufacturers, with 17 built by Toyota, 10 built by Honda, four by Nissan, and three by Hyundai. This reflects the fact that those automakers build many good, well-rounded vehicles that do well in our road tests and reliability Ratings. They also have relatively low owner costs, thanks largely to good resale value and relatively good fuel economy.
The Prius ($325) had the fewest bucks per bang and the Hummer H2 ($3620) had the most. The Jeep Wrangler Unlimited($2320,) Chrysler Sebring 4 cylinder ($740) and Chevy Aveo5 ($870) are a few more reasons that American car companies are going bankrupt.
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