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Despite popularity, fewer inexpensive vehicles available today than in 2006

06/11/2008, 12:05 PM

By Drew Johnson

Although Americans are now buying compact cars in record numbers, there are actually fewer inexpensive models to choose from than just a few years ago, a new report finds. Moreover, all but one domestic automaker has abandoned the sub-$15,000 average transaction vehicle segment all together.

Since 2006, the number of vehicles with an average transaction price of $15,000 or less has decreased by a third. During the three month span from March to May this year, there were 10 cars that fit that criteria — down from 15 during the same period in 2006, according to Winding Road.

That list in 2006 included Ford, Dodge, Pontiac and Scion, all of which were omitted from the current list.

Chevrolet is the lone remaining domestic automaker on the list, taking two spots with its Aveo ($12,258) and Cobalt ($13,888). The rest of the list was rounded out by vehicles from Suzuki, Nissan, Hyundai, Kia and Toyota.

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06/11, 12:15 PM

posted by:

tripleonefive

I heard that there was a spike in interest for fuel efficient vehicles like the Geo Metro
I think that is funny as hell being that the Metro was a big POS. Good fuel economy is not worth driving that POS. I would rather put $56 in my tank everyweek (as I do) than drive such a pos.
A good alternative is the 92-95 Honda Civic hatchback. They have style, comfort, reliability and great gas mileage.

06/11, 12:27 PM

posted by:

HoosierHero

Ya, you’d have to put your fuel savings right back into a Metro because the damn thing would be broken all the time lol.

06/11, 12:44 PM

posted by:

RTT10

id stick with my 89′ 3-series… wich cost me 2,000 than drive a Geo… haha u have to drive those with helmets

06/11, 1:09 PM

posted by:

global_lightning

compact car != inexpensive car. This an assumption too many Americans make about small cars. Compact cars have moved uprange with nicer interiors, more options, and better drivetrains. All these increase cost, but also make them more attractive purchases.
Increased market demand is also driving up prices. I just refinanced my 2007 Civic; it’s Expected Value actually increased $200 over the purchase price. This means after 1 year and 11K miles, it has actually appreciated in value. Life is good :)

06/11, 1:34 PM

posted by:

johnnycanuck

Somewhat misleading headline as their are way more models that you can get for under 15k. It’s just the trend these days much like the Vanity Queens that cart around the little dogs in their purses to load up their little cars with unnecessary jewelery as well.

06/11, 1:42 PM

posted by:

Impulsive

With a falling U.S. dollar and ever-increasing commodity prices, the pool will continue to shrink. No surprise.

06/11, 2:03 PM

posted by:

shaver

‘92 civic: Style? Comfort? WTF planet are you from? Kazikstan?

06/11, 2:36 PM

posted by:

tripleonefive

Well Kazakhstan is not a planet.
Yes the 92-95 Civics were nice and still look great on the road today. They had decent room for a compact and they drove well
They were and still are better than anything coming out of Detroit …Mexico (GM)

06/11, 3:01 PM

posted by:

Impulsive

’shaver’, ignore those with no taste in cars … anyone can argue SUBJECTIVELY what THEY like but there is right and wrong in the world and the Civic of that era was a peasant’s “organic” design dream … basic transportation, nothing more.

06/11, 3:05 PM

posted by:

global_lightning

Style is always subjective; the Civic has always had clean lines to reduce aerodynamic drag and maximize interior volume. It doesn’t need phony air intakes and tons of chrome. In the interior don’t confuse ‘comfort’ with ‘luxury’. My old hatch was liveable 95% of the time; the only time it sucked was on +4 hour roadtrips.

06/11, 3:16 PM

posted by:

Impulsive

Style IS subjective but clean lines don’t make something attractive, just inoffensive. No mention was made of chrome or air intakes. Like I stated, basic transportation, nothing more.

06/11, 3:17 PM

posted by:

crash1433

Global,
do you really think your car appreciated? Are you joking? Try selling your 11k mile car for more than a new one. Good luck with that. Another example of import brainwashing. All around me honda stores are selling cars at $150 over invoice. So why wouldn’t your be worth more used than a discounted new one. unreal

06/11, 4:09 PM

posted by:

Need4SSpeed

I think what Global_lightening is trying to say that if he was to try and sell his car used after being one year old and having 11k miles on it he’d probably get a little more @ fair market value, then he normally would. But no you’re not going to get more money from that car….

And no dealer that I know would offer market value or more for a trade in.

06/11, 4:13 PM

posted by:

xyunya

Civic in 80’s and 90’s was not only clean but also extremely popular worldwide. Morris (original parent of Mini) was building Civic under license. While in Europe in 80’s I was surprise to see CIvic body with Morris insignia – I learned that it was licensed. Morris prior to that was licensing it’s own Mini to Autobianci in Italy and sold millions on Minis of its own. That company new a thing or two about small cars.

06/11, 4:16 PM

posted by:

xyunya

Need4SSpeed, during early 80s a number of college students were reselling “stripper” Corollas, Datsun 210/310 and CIvics because you could not get one from the dealer for list price. As a matter of fact, buying slightly used car at dealer list price was a good deal. Maybe Global get lucky, but then new car will cost significantly more.

06/11, 4:39 PM

posted by:

JoshyLofty

FYI, i drive a 2006 Dodge R/T & get 25-27MPG consecutively & i also own a 1994 Civic LX & its a huge POS. My significant other actually bought it new, kept it when they bought their 2006 Maxima new & we actually sold the Maxima thinking “oh we’ll sell this due to gas $ & drive the Civic for a while ’til the Kia Soul or some other cool little car comes out”. The maxima went quick as it was fully loaded & in great condition. The Civic, we’re kicking ourselves in the ass daily that we didn’t just sell that instead. Style? yeah right. Comfort? uhhh, in an older civic.. no. Gas? try again. Honda’s are great cars but not when they’re this old. I might add that the civic has never been in any wrecks other than backing into a mailbox yrs ago…

06/11, 4:47 PM

posted by:

tripleonefive

LOL I love these stories
Please explain why the Civic is a POS (watch as he makes up evey repair under the sun)
I cant wait

06/11, 5:53 PM

posted by:

brassmonkey

Wow, xyunya, what a very uninteresting piece of news. You should try researching how to properly use the Engrish ranguage next. AAhhhhhssoooooooooooooooooooo!

06/11, 6:32 PM

posted by:

global_lightning

@crash1433:
$150 over invoice? Really??? Would you care to share where you are, because around here (Northern Virginia/Washington DC), *if* you can find them on the lot, they’re selling very well at sticker. The Civic is now the best selling car in the U.S.
@Need4SSpeed
Expected value is the amount, if I totaled the car, that the insurance would pay off. It’s based on market value. Given most cars take the worst depreciation in the first three years, it’s pretty nice that I could sell it right now and make a (small) profit. I got lucky because when I bought the car last year I payed closer to invoice than to MSRP. There’s no way that would happen today.
@1115:
I’ve seen lots of civics that haved been abused and neglected. Some people confuse “low” maintenance with “no” maintenance. I wouldn’t be suprised if JoshyLofty’s car still has the factory oil :/

06/11, 7:18 PM

posted by:

Need4SSpeed

^ Gotcha, yeah I sorta understood what you were talking about. :)

06/11, 11:06 PM

posted by:

NoNameDenton1

Well, considering how well higher trim levels are going for a number of vehicles, selling the less expensive version would not make sense.

06/12, 10:06 PM

posted by:

Veda

global_lightning: Right. And also consider the fact that they can’t run away from increased R&D for more stringent safety reqs and other things mandated by the gov. The bar for inexpensive vehicles should be raised to maybe $18K.

06/17, 1:49 PM

posted by:

ktulu

every1 should make a new subcompact. just a stripper likem the old toyotra starlet
when is the tgata nano coming?
the geo metro was a POS but cost nothing to fill up. the cicvis is another POS

 
 
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