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Cars selling highest above MSRP and lowest below MSRP

Automakers have returned to offering incentives and promoting new vehicles after a few years of tight inventory and elevated prices. Despite that, prices are still higher than they should be, as a new iSeeCars study found that the average new car is priced above MSRP, though they’re slightly less painful than they were a year ago. iSeeCars found that the average new car price has been marked up to 7.2 percent above MSRP, down from 8.9 percent a year ago. Interestingly, the five most overpriced cars came from two premium brands, while four of the five priced the lowest below MSRP were EVs. New cars selling highest above MSRP Mini Hardtop: 25.5% above MSRP Porsche Taycan Sedan: 23.1% Porsche Cayenne: 21.9% Porsche Macan: 21.3% Porsche Taycan Wagon: 20.9% Cadillac CT5-V: 20% Porsche 718 Boxster: 19.9% Toyota Corolla Cross Hybrid: 19.4% BMW X3 M: 19.4% Cadillac CT4-V: 19.3% Porsche, Mini, and Genesis were the three most overpriced brands overall, with Buick, Acura, and Infiniti landing as the lowest-priced brands. Electric vehicles dominated the list of the 10 most-discounted vehicles: New cars selling lowest below MSRP Hyundai Kona Electric: -4.6% VW ID.4: -3.6% Ford F-150 Hybrid: -3.3% Kia EV6: -2.5% Hyundai Ioniq 6: -2.4% Nissan Maxima: -2.2% Chrysler Pacifica PHEV: -2% Nissan Ariya: -1.9% Hyundai Ioniq 5: -1.9% VW Arteon: -1.8% Those numbers align with what we saw in the market last year, as EV sales grew, but far slower than many had hoped. iSeeCars executive analyst Karl Brauer said. (For a sense of that, you can look back at our coverage of most marked-up cars and most discounted cars from 2023.) “The market appears to have reached a saturation point for electric vehicles," Brauer said, "with both prices and sales struggling compared to a year ago. The high cost of full-size trucks and SUVs, along with the cost of fueling them in the face of inflation and reduced consumer spending power, has dampened demand for these notoriously pricey vehicles.”

Lexus tops JD Power Vehicle Dependability Study again, Buick bests Toyota

It shouldn't surprise anyone, but Lexus has once again taken the top spot in JD Power's Vehicle Dependability Study. That'd be the Japanese luxury brand's fourth straight year at the top of table. The big news, though, is the rise of Buick. General Motor's near-premium brand beat out Toyota to take second place, with 110 problems per 100 vehicles compared to Toyota's 111 problems. Lexus owners only reported 89 problems per 100 vehicles. Besides Buick's three-position jump, Scion enjoyed a major improvement, jumping 13 positions from 2014. Ram and Mitsubishi made big gains, as well, moving up 11 and 10 positions, respectively. In terms of individual segments, GM and Toyota both excelled, taking home seven segment awards each. The study wasn't good news for all involved, though. A number of popular automakers finished below the industry average of 147 problems per 100 vehicles, including Subaru, (157PP100), Volkswagen (165PP100), Ford/Hyundai (188PP100 each) and Mini (193PP100). The biggest losers (by a tremendous margin, we might add) were Land Rover and Fiat, recording 258 and 273 problems per 100 vehicles. The next closest brand was Jeep, with 197PP100. While the Vehicle Dependability Study uses the same measurement system as the Initial Quality Survey, the two metrics analyze very different things. The VDS looks at problems experienced by original owners of model year 2012 vehicles over the past 12 months, while the oft-quoted IQS focuses on problems in the first 90 days of new-vehicle ownership. Like the IQS, though, the VDS has a rather broad definition of what a problem is. Because of that, a low score from JD Power is no guarantee of extreme unreliability, so much as just poor design. In this most recent study, the two most reported problems focused on Bluetooth connectivity and the voice-command systems. The former leaves plenty of room for user error due to poor design (particularly true of the Bluetooth systems on the low-scoring Fords, Volkswagens and Subarus), while the second is something JD Power has already confirmed as being universally terrible. That makes means that while these studies are important, they shouldn't be taken as gospel when it comes to automotive reliability. News Source: JD PowerImage Credit: Copyright 2015 Jeremy Korzeniewski / AOL Buick Fiat Ford GM Hyundai Jeep Land Rover Lexus MINI Mitsubishi RAM Scion Subaru Toyota Volkswagen Auto Repair Ownership study

Mini Aceman debuts at Beijing Auto Show as a little, all-electric crossover

This here is the totally new Mini Aceman, and it’s an all-electric, Mini crossover. Splitting the size difference between the properly mini Mini Cooper and large Mini Countryman, it fills the space previously occupied by the now-discontinued Clubman, but does so without a gasoline-powered option (or cute barn doors in the rear). Before we get ahead of ourselves, though, MiniÂ’s made clear that the Aceman is not yet confirmed for U.S. sales, and the global debut itself just took place at the Beijing Auto Show. So, as of now, this little EV is definitely destined for international markets, but weÂ’ll need to wait and see if Mini sees fit to bring it here.  Two versions will hit the market initially, the Aceman E and the Aceman SE. The base E is fitted with a single electric motor good for 184 horsepower and 214 pound-feet of torque, enough for a 0-62 mph time of 7.9 seconds. It also gets a 42.5-kilowatt-hour battery pack that Mini says gives it a 192-mile range on the optimistic WLTP test cycle – fast charging peaks at 75 kW in this model. Meanwhile, the Aceman SE gets a more potent electric motor good for 218 horsepower and 243 pound-feet of torque, reducing its 0-62 mph time to 7.1 seconds. The SE also gets a larger 54.2 kWh battery pack, increasing range to 252 miles on the WLTP cycle – it charges better than the E, too, peaking at 95 kW. Do note that both versions would cover much less ground on the EPA test, which is a more realistic barometer for real-world driving than the WLTP test. Coming in about 14 inches shorter and three inches narrower than the big Countryman, the Aceman is bound to be a more fun-to-drive and cheaper EV. We donÂ’t know much about its underpinnings now, but Mini says its suspension, steering, powertrain and braking systems are all tuned with fun driving in mind. Its outward appearance isnÂ’t a replica of, but closely follows the design direction proposed by the Aceman Concept back in 2022. Many elements weÂ’ve seen in the new Cooper and Countryman apply here, too, such as the customizable light patterns, flat surfacing and general minimalism to the styling. Wheel options between 17-19 inches will be available, and four different trims with varying styles will be, too. One of those four will be a JCW trim, but itÂ’s not meant to be a performance model, instead sticking to sporty appearance add-ons like a Chili Red roof and hood stripes alongside high-gloss black accents all around the exterior.