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Toyota tops Kelley Blue Book's Resale Value Awards
Tue, 27 Nov 2012Kelley Blue Book announced its annual Best Resale Value Award winners, and we weren't too surprised to see the list dominated by Japanese automakers - mainly Toyota and Honda. KBB hands out the awards based on the projected residual value of mostly all 2013 model year vehicles, and Toyota skated home with a number of awards including 10 of the 22 overall categories and having five of its products in the top 10 for models with best resale value. KBB's Best Resale Value Awards were announced in the same week as the ALG Residual Value Awards, and there were many similarities between both lists, especially when it came to Toyota.
To come up with its winners, KBB measures depreciation over the first five years of ownership, and looks for the cars it expects to hold its value the best after this time; on average, the report says the 2013 model year vehicles will lose 61.8 percent of its value in five years. Of the 22 categories, 15 slots were filled by Toyota, Honda and Nissan products, while the Camaro and Porsche (Cayenne and Panamera) each took home a pair of awards. If Toyota has anything to be upset about in this list of cars, it's that categories for Hybrid/Alternative Energy Car and Electric Vehicle went to the Ford Fusion and Chevrolet Volt, respectively.
The overall top 10 models for the best resale value in 2013 are, in alphabetical order:
Hurricane Sandy cost automakers 15,000 vehicles, may have ruined up to 200k
Wed, 07 Nov 2012Hurricane Sandy was the largest Atlantic storm in US history, and its total economic impact is just now coming into view. According to Automotive News, Toyota, Chrysler, Nissan and Honda are set to scrap around 15,000 new vehicles ruined by the storm. Nissan alone accounts for about 40 percent of those, with 6,000 Nissan and Infiniti models deeded "un-saleable" due to damage. The company saw 56 dealerships shuttered due to the storm, but 51 of those have since reopened.
Toyota, meanwhile, had some 4,000 vehicles at its Newark port facility, and of those, 3,000 may be scrapped. An additional 825 were dealer inventory when they were ruined. Honda and Acura dealers are reportedly sending 3,440 vehicles to the salvage yard. By comparison, Chrysler weathered the storm fairly well with 825 units destroyed, while Hyundai suffered only 400 lost units and Kia scrapped around 200.
As you may recall, Fisker also suffered some losses, and Automotive News reports the manufacturer saw 320 Karma models damaged beyond repair. Ford and General Motors have yet to come up with estimates, and no automaker has commented on the full cost of replacing the vehicles.
2025 Infiniti QX80 teased with features from the QX Monograph Concept
Wed, Feb 28 2024Infiniti began talking about its brand turnaround, and how that would affect the flagship QX80 SUV, toward the end of 2022. When the automaker debuted the QX Monograph Concept at last year's Pebble Beach Concours, the QX80 didn't get a mention in the announcement. However, the Monograph's size and lines made it clear where the top line was headed, those lines given a real work to do since designers didn't lean on the crutch of chrome to cheat their way to visual interest. The production QX80 is nearly here, Infiniti ready with the first installment of a teaser campaign in the runup to the SUV's March 20 online debut. The handful of images and a silhouette at the end of the video show plenty of Monograph details will make their way to showrooms as part of the new design language called Artistry in Motion. The video is barely about the vehicle, more about the camouflage pattern best seen in the photos. Infiniti worked with Japanese digital generative artist Kaoru Tanaka to create a pattern for the wrap that's less confusing to the eye than the errant lines and swirls in typical camo, a title card telling us, "[We] believe our artistry in motion is too extraordinary to remain completely hidden." The photos show the good stuff. The split headlights and "piano key" DRLs from the Monograph are there, so too are flush door handles, a trim identifier. a full-width taillight and a deeply sculpted rear bumper. The QX80 lives on in the fender vent, shorn of chrome, though. One of the marquee features will be a 24-speaker Klipsch audio system that Infiniti showed at CES. And if an image at the dedicated site for the new QX80 is accurate, there will be an illuminated Infiniti badge in the grille and the most ornate puddle lights on the market. Previous reports have a twin-turbo 3.6-liter V6 displacing the current 5.6-liter V8 under the hood. The V6 is expected to make about 450 horsepower, 50 more than the V8, while being more fuel efficient about it. The menu of changes will likely take the MSRP above the $80,000 mark. After the March 20 debut, the QX80 gets a public debut at the New York Auto Show. Related video: