PT Cruiser Forum  
Advertisements
       

Go Back   PT Cruiser Forum > General Forums > PT Cruiser News and Rumors

PT Cruiser Forum

Advertisements
Car Gurus Lists Top and Worst Vehicle Retail Retention Rates

 
Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 06 Jun 2007, 03:11 am
skylight's Avatar
Administrator
 
Join Date: Jul 2001
Posts: 1,319
Default Car Gurus Lists Top and Worst Vehicle Retail Retention Rates

Car Gurus Lists The Top and Worst Vehicle Retail Retention Rates


CarGurus, a leading online automotive community, today announced its new "Web Price Index," an online automotive pricing guide unique to the auto industry because it incorporates only price points crawled from around the web. Unlike the leading price guides, CarGurus' new Web Price Index does not collect pricing data submitted by dealers or wholesale auctions, providing more of a democratic index driven by the actual listing prices of a given car collected from the web.

The leading car price guides survey dealerships and gather price data from offline wholesale auctions. In some cases, these dealers and wholesale auctions have commercial relationships with these same pricing guides. CarGurus' Web Price Index avoids these dealer and wholesaler relationships, indexing only online auctions and listing sites where pricing data represents the actual "retail" listing price of the car. As online auction and listing sites have a mix of both dealer and consumer-to-consumer listings, indexing numerous online sites provides an unbiased picture of the "retail" value of a used car.

CarGurus' Web Price Index gathers data from multiple online data sources. By indexing different data sources, CarGurus is able to aggregate pricing information from around the web, giving consumers a more comprehensive picture of a car's worth. Consumers on CarGurus.com can look up any car from 1964 to 2008 and get pricing information for that car broken down by car trim and mileage.

"Until now there has not been an auto pricing guide focused solely on web pricing," said Langley Steinert, Founder and CEO of CarGurus. "We believe that the democracy of the web is a better indicator of a car's true value. We search the web, find real-time dealer and consumer listings from many different sources, and simply report what we find. In the long run we believe this is a more accurate way to value a used car."


Announcing the Top 10 Value Retaining Cars for 2007

Using its Web Price Index, CarGurus assembled lists of the popular 2007
cars that have historically had the best and worst value retention in the
past (as measured by the % of MSRP retained over 5 years and 65k miles).
Study findings included:

2007 Top 10 Value Retaining Cars:
  • The 2007 Jeep Wrangler took the top spot, having retained 73% of its value over a 5 year/65,000 mile period
  • Five of the Top 15 Value Retaining cars were Toyotas
  • Surprisingly, sports cars like the Ford Mustang and Porsche 911 were both on the list of Top 15 Value Retaining Cars.

2007 Top 10 Value Losing Cars:
  • The 2007 Lincoln Town Car took the top spot for losing the most value, by retaining only 29% of its value over the 5 year/65,000 mile period.
  • The first five of the Top 15 Value Losing cars were from the Ford Motor Company.


The Top 10 2007 Cars as measured by historic value retention %
1. 73.49% 2007 Jeep Wrangler
2. 63.88% 2007 Chevrolet Suburban
3. 63.49% 2007 Honda Accord
4. 61.49% 2007 Honda CR-V
5. 60.92% 2007 Toyota Corolla
6. 60.40% 2007 Chrysler PT Cruiser
7. 59.41% 2007 Ford Mustang
8. 58.32% 2007 Toyota Sequoia
9. 58.28% 2007 Toyota Camry Solara
10.58.10% 2007 BMW X5

The Worst 10 2007 Cars as measured by historic value retention %
1. 28.56% 2007 Lincoln Town Car
2. 33.56% 2007 Jaguar S-Type
3. 35.84% 2007 Volvo S80
4. 35.84% 2007 Mercury Grand Marquis
5. 35.90% 2007 Ford Explorer
6. 36.57% 2007 Chrysler Town & Country
7. 38.19% 2007 Pontiac Grand Prix
8. 39.55% 2007 Kia Optima
9. 40.25% 2007 Chevrolet Malibu
10.40.62% 2007 Dodge Caravan

Methodology for 2007 Best/Worst Value Holding Cars CarGurus took the 250 most popular cars as measured by sales volume and selected cars shipping in 2007 that had similar trims shipping in 2001. CarGurus then measured the value of a used 2001 version of the car with 65k miles (in today's dollars) versus the original MSRP (from 2001) to measure "value retention."


Source: PRNewswire
__________________
PT Cruiser

Reply With Quote
  #2 (permalink)  
Old 06 Jun 2007, 09:04 am
Obsessed Cruiser
 
Join Date: Sep 2001
Posts: 27,758
Default Re: Car Gurus Lists Top and Worst Vehicle Retail Retention Rates

Good news for us!
Reply With Quote
  #3 (permalink)  
Old 06 Jun 2007, 07:22 pm
Hooligan's Avatar
Obsessed Cruiser
 
Join Date: Aug 2003
Posts: 6,023
Default Re: Car Gurus Lists Top and Worst Vehicle Retail Retention Rates

The PT's are in some great company!!!
__________________

2008 Silver Steel Metallic, Touring, NA, Sirius; Chromed door handles; lower grille; fog light surrounds; chrome front & rear bumpers strips; Airaid air filter; Bassani duals; Modesty Cover; Autolite AP5263 Platinum Plugs (.040); Crane Plug Wires; NAPA Ceramic pads; Blane hood struts; PTeazer Gas, Brake & Foot Rest Pedals, '05 Rear Step Pad, Stainless Door Sills, Llumar tint, "A" Piller chrome; APC Strut Bar
Reply With Quote
  #4 (permalink)  
Old 06 Jun 2007, 08:08 pm
Fresh Cruiser
 
Join Date: May 2007
Location: Allentown, PA
Posts: 28
Send a message via MSN to distortedlife
Default Re: Car Gurus Lists Top and Worst Vehicle Retail Retention Rates

W0000000000000000000000H0000000000000000!!!!!!!!!!
__________________
GOD BLESS
Reply With Quote
  #5 (permalink)  
Old 08 Jun 2007, 10:01 am
Obsessed Cruiser
 
Join Date: Sep 2001
Posts: 27,758
Default Re: Car Gurus Lists Top and Worst Vehicle Retail Retention Rates

??? ???

I was reading my Corvette forum and came across this ....

corvette is no.1 in top ten list - Corvette Forum

So, is there another list, or does everybody make their own list, or does the Luxury market have their own?
Reply With Quote
  #6 (permalink)  
Old 08 Jun 2007, 01:57 pm
skylight's Avatar
Administrator
 
Join Date: Jul 2001
Posts: 1,319
Default Re: Car Gurus Lists Top and Worst Vehicle Retail Retention Rates

the article that crewzin mentioned is at
Expensive rides that hold their value - ForbesAutos.com - MSNBC.com

i guess yes...hehe.. different organizations compile their own list.
__________________
PT Cruiser

Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 04:54 pm.




Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.6.0 PL2 © 2011, Crawlability, Inc.
vB.Sponsors