It seems that reckless financing deals on vehicles are now a thing of the past. For example, those types of deals took down the US Mitsubishi and were a factor in the fall of GM and Chrysler. Due to the financing problem these companies are no longer over producing their vehicles like they use to.
Consumer research and trend analysts suggests that carmakers should be ready for very slow sales around 11.5 to 12 million new vehicles sales due to the current home values and 401k accounts which will keep people in their cars for about seven to eight years maybe even more.
For people who want to get rid of their old car and trade it in for a different car there is still good news. Automakers are making longer ownership more possible with better engineering and quality. JD Power’s Vehicle Dependability study surveyed car owners who have owned their vehicle for about three years. The study found that Detroit automakers are fast approaching the quality of the Asian automakers. For the first time in this study a Detroit model, the 2006 Buick LaCrosse, has the lowest incidence of problems. For those of you looking for a different set of wheels below is the list of vehicles to buy now.
10 Cars to Buy and Drive for A Decade
- Buick LaCrosse
- Toyota Prius
- Honda CR-V
- Lincoln MKZ
- Honda Ridgeline
- BMW 3-Series
- BMW Z4
- Mercedes-Benz SL-Class
- Hyundai Elantra Touring
- Volkswagen Jetta TDI
Do you agree with this list? Let me know by leaving a comment.
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