Earlier today, I referenced a newly published list of the eight worst new-model vehicles in terms of projected depreciation. If you are in the market for a new ride, but are already thinking of the inevitable trade-in, industry experts have some points you may want to consider (think of it as the pre-nuptial agreement of the auto-shopping world).
The article points out that the cars and trucks most likely to retain their value are ones that are "well-designed, well-engineered, and are usually in limited supply and high demand." Choose a popular color, such as black, white, or silver, and avoid wild colors such as purple or orange. Additionally, select features that are in high demand, including alloy wheels, anti-lock brakes, navigation sensors, CD players/changers, and leather seats.
Last, increased fuel costs are taking their toll. A spokesman with DaimlerChrysler (NYSE:DCX) recently noted that "fuel cycles can cause -- as we've seen in the past -- consumers to react more positively toward cars versus larger vehicles such as SUVs."
Beth Gaston Moon is an analyst at Schaeffer's Investment Research.
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Reader Comments (Page 1 of 1)
3-23-2007 @ 11:24AM
Bill Brodie said...
The list of the top 10 new vehicles to lose their trade in value, are also the ones with the largest initial discount .
3-23-2007 @ 9:23PM
tmajor7 said...
It will be interesting if the public will be informed of Ford doing business in Iran syria, and Darfur despite sanctions not permitting such business. Ford is conducting business with the leaders of some murderous countries that have American blood on their hands as well!