This article blew my mind:
The Small Car Conundrum
Quote:
Here's a radical thought for the car-buying public. Small cars have no future. In fact, all those sub-compacts and compacts, then Hyundai Accents and the Mazda 3s, the Toyota Yarises - even the perennially popular Honda Civics - may soon be nothing but scrap. In fact, by buying them instead of heavier, sturdier mid-size sedans or even pickup trucks, lost of well-meaning Canadians are just contributing to landfills. So says Richmond Hill, Ont., automotive analyst Dennis DesRosiers, whose most recent study on vehicle longevity tends to point out certain truisms consumers ignore. Never mind the panic at the pumps, DesRosiers says, or the "misfocused" green movement. Small cars, even the most popular brands like Toyota, can be bad investments both for the planet and the pocketbook.
This is the opposite of what I thought I knew. It seemed to me that small cars have always had the best relative resale value around here and those I know who have owned them have run them for many years and many miles. I can see what they're talking about when they compare the Daiwoo Aveo to the Chevrolet Malibu, but Civics, Corollas, Yarises, Mazda3s; are they serious? Our public insurance company just valued my 4-1/2 year old Mazda3 at $16,000 when they did the repair estimate after I got T-boned a few weeks ago.
The Small Car Conundrum
Quote:
Here's a radical thought for the car-buying public. Small cars have no future. In fact, all those sub-compacts and compacts, then Hyundai Accents and the Mazda 3s, the Toyota Yarises - even the perennially popular Honda Civics - may soon be nothing but scrap. In fact, by buying them instead of heavier, sturdier mid-size sedans or even pickup trucks, lost of well-meaning Canadians are just contributing to landfills. So says Richmond Hill, Ont., automotive analyst Dennis DesRosiers, whose most recent study on vehicle longevity tends to point out certain truisms consumers ignore. Never mind the panic at the pumps, DesRosiers says, or the "misfocused" green movement. Small cars, even the most popular brands like Toyota, can be bad investments both for the planet and the pocketbook.
This is the opposite of what I thought I knew. It seemed to me that small cars have always had the best relative resale value around here and those I know who have owned them have run them for many years and many miles. I can see what they're talking about when they compare the Daiwoo Aveo to the Chevrolet Malibu, but Civics, Corollas, Yarises, Mazda3s; are they serious? Our public insurance company just valued my 4-1/2 year old Mazda3 at $16,000 when they did the repair estimate after I got T-boned a few weeks ago.