Wednesday, November 30, 2011
Tuesday, November 29, 2011
Monday, November 28, 2011
Dodge won't call its new small car Hornet
Courtesy of AutoBlog
Tuesday, November 22, 2011
Monday, November 21, 2011
Pair of Kia Optima Turbos will compete in World Challenge against Mustangs and Camaros
Courtesy of AutoBlog
Thursday, November 17, 2011
Dodge Challenger SRT Yellow Jacket and Charger SRT8 Super Bee debuting in LA
From: AutoBlog
Wednesday, November 16, 2011
Tuesday, November 15, 2011
Wednesday, November 9, 2011
Kelly Blue Book Reports Vehicle Manufacturers With Best Total Cost of Ownership. Kia Takes the Number One Spot!
Audi, Kia Lead Luxury, Non-Luxury Segments with Minimal Depreciation, Low Fuel Costs
IRVINE, Calif., Aug. 15, 2011 /PRNewswire/ -- Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, today reports the top three luxury and top three non-luxury brands with the lowest average Total Cost of Ownership for the initial five-year ownership period. Based on Kelley Blue Book's analysis, Audi, Lexus and Cadillac (respectively) top all luxury brands, while Kia, Hyundai and Honda (respectively) dominate among all non-luxury brands for lowest average total ownership costs.
Total Cost of Ownership is developed using Kelley Blue Book® Residual Values to calculate depreciation costs. Depreciation plays the largest role in Total Cost of Ownership, followed by the cost of fuel during the ownership period. Kelley Blue Book calculates total ownership costs for new vehicles by applying a sophisticated valuation methodology along with critical financial data from third-party providers.
By reviewing the Total Cost of Ownership for vehicles on their consideration list, consumers can better understand the overall financial implications associated with vehicle ownership through the initial five-year ownership period. Kelley Blue Book's Total Cost of Ownership features easy-to-understand charts and graphs on kbb.com to help car shoppers make informed purchase decisions by breaking down the typical ownership costs for a particular vehicle, including depreciation, expected fuel costs, insurance, maintenance and repair costs, state fees and more.
"The average vehicle typically maintains about 30 percent of its original MSRP after five years of ownership, whereas a handful of vehicles maintain more than 45 percent after the same time period," said Eric Ibara, director of residual value consulting for Kelley Blue Book. "The new Total Cost of Ownership data on kbb.com is based on Kelley Blue Book Residual Values, which are used by banks and manufacturers nationwide."
At the brand level, Audi and Lexus currently have the lowest depreciation and best fuel economy among luxury brands, giving them an advantage in low cost of ownership at the luxury level. In addition, Audi, Lexus and Cadillac all offer models that carry a lower MSRP compared to other luxury brands. Combined with their entry-level vehicles, these brands stand out among their competitors for having low overall ownership cost. Audi's Total Cost of Ownership success is primarily driven by the A3 2.0T and A4 2.0T sedan models. Both edge out competitors with their minimal depreciation and stellar fuel economy.
For non-luxury brands, Kia and Hyundai have a number of successful redesigns, greatly improved quality and competitive pricing, which sets them apart from other non-luxury brands in terms of cost of ownership. Key Kia models contributing to the brand's low Total Cost of Ownership include the Rio, Optima and Forte. Additionally, Honda continues to be a reliable choice with strong fuel economy and customer loyalty.
Top Luxury Brands | Average MSRP | Average | Average Total Cost of Ownership (Five-Year Ownership Period) | |
Audi | $47,506 | $33,467 | $68,866 | |
Lexus | $55,273 | $37,029 | $73,605 | |
Cadillac | $53,684 | $40,028 | $77,680 | |
Top Non-Luxury Brands | Average MSRP | Average | Average Total Cost of Ownership (Five-Year Ownership Period) | |
Kia | $21,643 | $15,599 | $38,884 | |
Hyundai | $23,359 | $16,688 | $40,092 | |
Honda | $26,301 | $17,120 | $40,862 | |
"Kelley Blue Book's Total Cost of Ownership gives car shoppers a realistic view of what they will spend during the initial one- to five-year ownership period, allowing them to get the most for their dollar in today's economy," said Juan Flores, director of vehicle valuation for Kelley Blue Book. "More informative than simply having the purchase price alone, Total Cost of Ownership empowers car shoppers by including all significant costs that are part of the ownership experience."
From: KellyBlueBook
Tuesday, November 8, 2011
Monday, November 7, 2011
Thursday, November 3, 2011
All-New 2012 Kia Rio Providing an Unbeatable Combination of Power and Efficiency
The Rio also provides an unbeatable combination of power and efficiency, too. In addition to two body styles, it also offers two transmissions (both a six-speed automatic or a similarly cogged manual) in three well-contented trim levels, and all offer both 30 mpg city/40 mpg highway and a class-leading 138 hp. Helping the Rio achieve these marks: An advanced 1.6-liter I4 engine with gasoline direct injection (GDI) technology, as well as the first stop/start system ever seen in the segment. Kia’s Idle Stop and Go feature shuts off the engine when the Rio comes to a stop, then quickly and seamlessly restarts the powerplant as soon as the driver’s foot comes off the brake pedal. Before being introduced on the Rio, this technology was only available on hybrids and expensive luxury vehicles.
Other high-tech goodies the Rio is bringing to the segment include UVO, Kia’s Microsoft-powered, voice-activated infotainment system, with a 4.2-inch color touchscreen and rear-view camera, along with other standard and available features like:
- LED front accent lights and rear tail lights
- Kia’s “Supervision” meter cluster
- Seat foam material that’s derived from castor oil for 100 percent biodegradability
- A full suite of safety enhancers, including Electronic Stability Control (ESC), a four-wheel Anti-lock Brake
- System (ABS), Hill-start Assist Control (HAC) and Vehicle Stability Management (VSM)
- An AM/FM/XM/CD/MP3 sound system with three complimentary months of satellite radio service
- Bluetooth functionality
- Push-button start and remote keyless entry
- Heated front seats and six-way power-adjustable driver’s seat
Significantly, the Rio also is fully covered by the automaker’s industry-leading warranty package—standard on all Kia vehicles—which includes a 10-year/100,000-mile limited powertrain warranty, a five-year/60,000-mile limited basic warranty, a five-year/100,000-mile anti-perforation warranty and a five-year/60,000-mile roadside assistance plan.
The 2012 Kia Rio 5-door is on sale now, with the sedan slated to enter the marketplace later this year.
Source: kiainthenews.com
Wednesday, November 2, 2011
Tuesday, November 1, 2011
2011 SEMA: Kia Goes Racing with 2012 Rio B-Spec and Optima Hybrid USTCC Pace Car
Developed in partnership with Kinetic Motorsports, the new Rio 5-door B-Spec racer will compete in the newly established showroom stock racing class against various subcompact rivals such as the Mazda2, Honda Fit and Ford Fiesta starting from 2012.
The Rio B-Spec is eligible to race in numerous motorsport events including the World Challenge, GRAND-AM, Sports Car Club of America (SCCA) and National Auto Sport Association (NASA).
Aside from purchasing a stock 2012 Kia Rio 5-door hatchback, those interested will have to buy the B-Spec kit that costs $14,000 from Kia’s racing partner, Kinetic Motorsports, and either build the car themselves or shell out another $6,000 to have the team at Kinetic Motorsports assemble the racecar at their shop in Buford, Georgia.
The B-Spec package includes a roll cage, racing seat, quick-release steering wheel, racing harness, race shocks, lightweight wheels, spec-series tires, an oil sump pan expansion kit and complete build instructions.
Also making its world premiere in Las Vegas is a specially modified Optima Hybrid that will take over the role of the official pace car of the United States Touring Car Championship (USTCC) from the Soul.
Built by GoGoGear, the Optima Hybrid Pacecar has been fitted with a free-flow air intake system, Magnaflow exhaust system, coil-over suspension kit to lower the ride height, front splitter and rear wing, lightweight wheels and performance tires.
Other highlights include a black exterior paintwork with lime-green graphics and LED auxiliary lights, while GoGoGear also updated the interior with a not so pacecar-like 2,400-watt audio and video system with dual seven-inch monitors in the front-seat headrests.
Kia said that the Optima Hybrid Safety Car will make its first appearance at the USTCC in March of 2012.
From: CarScoop