'Best Deals' as defined by IntelliChoice.com is about more than tracking the latest rebates. We take into account all aspects of car ownership to derive what constitutes a 'best deal' on a new car
Campbell, CA (PRWEB) August 20, 2009
IntelliChoice.com, the leading source for automotive ownership cost and value analysis, today announced its "Best Deals of the Month" for new cars for August 2009. The list continues to reflect the volatility of the marketplace for new cars, as evidenced by shifting rebate strategies and ambitious moves by manufacturers such as Volvo and Hyundai. Toyota and Volkswagen, meanwhile, continue to offer cars that perform well with few if any rebates.
What's New and Notable
"'Best Deals' as defined by IntelliChoice.com is about more than tracking the latest rebates. We take into account all aspects of car ownership to derive what constitutes a 'best deal' on a new car," said James Bell, editor of IntelliChoice.com. "In certain segments we are seeing large rebates drive good cars to the top of the list. However, some cars offer such tremendous value in fuel economy and trade-in value that they don't need incentives. Best Deals mainstays like the Toyota Prius, and newcomers like the Volkswagen Jetta TDI, hold the top spot in their segments month in and month out without a cent of cash on the hood. In this market, that's saying a lot about the economic performance of Toyota and Volkswagen alternative fuel technology."
Rebates of the Month
"Volvo's $6,500 national rebate on the C70, a $7,500 rebate on the S60 and a $6,250 rebate on the S80 are significant enough to make these attractive cars some of the best deals we've seen in a while," said Bell.
Volkswagen and Hyundai, which has held first place in the large cars segment for several months running, after displacing longtime winner Toyota Avalon.
GM and Chrysler account for the majority of vehicle rebates on the list. GM's winners, which in the recent past have included the Corvette, are largely confined to trucks and SUVs.
IntelliChoice.com's "Best Deals of the Month" rank which new cars, trucks, crossovers and SUVs deliver the best cost of ownership in 31 vehicle classes. The Best Deals for August 2009 are:
Subcompact Cars - Toyota Yaris
Compact Cars over $17,000 - Volkswagen Jetta TDI Sedan
Compact Cars under $17,000 - Toyota Corolla
Midsize Cars under $21,000 - Toyota Prius
Midsize Cars over $21,000 - Toyota Prius
Convertible - MINI Cooper Convertible
Luxury Convertible - Volvo C70
Near Luxury Cars - Volvo S60
Luxury Cars - Volvo S80
Large Cars - Hyundai Sonata 4cyl
Base Sports Cars - Volkswagen GTI
Sports Cars (tie) - Ford Mustang GT Coupe, Pontiac Solstic GXP
Small/Midsize Wagon - Volkswagen Jetta TDI Wagon
Sport Sedan Wagon under $38,000 - Mitsubishi Lancer Ralliart
Sport Sedan/Wagon over $38,000 - Lexus GS
Compact Utility/Crossover - Saturn VUE Hybrid
Midsize Crossover - Toyota Highlander Hybrid
Luxury Crossover - Lexus RX
Intermediate Utility - Hummer H3
Utility - Toyota Land Cruiser
Luxury Utility - GMC Envoy Denali
Minivan - Chrysler Town & Country
Full-Size Van (tie) - Chevrolet Express 1500, GMC Savana 1500
Compact Pickup Truck 2WD - Toyota Tacoma Regular Cab 2WD
Compact Pickup 4WD - Toyota Tacoma Regular Cab 4WD
Full-Size Pickup 2WD Half Ton (tie) - GMC Sierra Crew Cab Hybrid 2WD, Chevrolet Silverado Crew Cab Hybrid 2WD
Full-Size Pickup 2WD 3/4 Ton - Ram 2500 Quad Cab 2WD
Full-Size Pickup 2WD One Ton - Ram 3500 Quad Cab 2WD
Full-Size Pickup 4WD Half Ton (tie) - Chevrolet Silverado Crew Cab Hybrid 4WD, GMC Sierra Crew Cab Hybrid 4WD
Full-Size Pickup 4WD 3/4 Ton - Ram 2500 Quad Cab 4WD
Full-Size Pickup 4WD One Ton - Ram 3500 4WD
IntelliChoice.com's "Best Deals of the Month" analyzes monthly values for new cars and trucks based on the seven primary factors that determine a vehicle's long-term ownership costs: fuel economy, maintenance, repair, retained or resale value, licensing, state fees and taxes. Using these seven factors, IntelliChoice.com determines what it costs to own and operate new cars over five years. The firm examines each and every new car model-year trim line, as ownership costs can vary significantly among different trim lines of the same model.
IntelliChoice.com updates new cars data several times a month from numerous automotive resources, such as fuel costs from the U.S. Energy Information Administration, and captures the latest auto rebates and ongoing incentive programs offered by manufacturers. Visit http://www.intellichoice.com for a complete breakdown of all the new cars on the market.
About IntelliChoice.com and Source Interlink Companies, Inc.
IntelliChoice.com, part of Source Interlink Media, LLC., is the market leader in automotive ownership cost and value analysis. Founded in 1986, IntelliChoice.com is committed to empowering consumers to make better purchase decisions by providing independent and essential automotive information and tools. Through the IntelliChoice.com web site (http://www.intellichoice.com), consumers get the help they need to research, compare, configure and price new cars. The site also connects buyers to the buying alternatives of their choice, including vehicle manufacturers and an online car buying guide. Source Interlink Media LLC is a subsidiary of Source Interlink Companies, Inc., a recognized provider of targeted media and marketing services, a leading U.S. distributor of home entertainment products and services and one of the largest publishers of magazines and online content for enthusiast audiences.