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Automobile industry

IntelliChoice Reveals 1995 "Best Overall Value of the Year" Awards, Highlighting Critical Analysis of Automotive Ownership Costs

Strategic Insights

— 1 min read

Consumers seeking to make informed purchasing decisions are often misled by sticker prices alone, without fully considering the long-term costs of vehicle ownership. According to IntelliChoice's 1995 analysis, these hidden costs can easily double the original purchase price within the first five years of ownership. The company's ninth annual "Best Overall Value" compilation takes into account not just purchase price, but also financing, maintenance, depreciation, insurance, fuel, repairs, and state fees to determine the most cost-effective vehicles.

Key Takeaways:

  • IntelliChoice analyzed 900 new domestic and import vehicles to determine the 1995 "Best Overall Value of the Year" awards.
  • Ownership costs for the first five years can amount to double the original purchase price, as demonstrated by the Geo Metro case study.
  • The Geo Metro has a total purchase price of $9,075, with estimated costs over a 5-year period totaling $19,680, or 215% of the original price.
  • IntelliChoice's analysis highlights the importance of considering all costs associated with buying transportation, not just sticker prices.
  • The company's ninth annual editions of The Complete Car Cost Guide and The Complete Small Truck Cost Guide provide detailed information on ownership costs for consumers.
  • IntelliChoice is the only company to develop and distribute ownership cost information for consumers, founded in 1986.

Statistics:

  • 900: The number of new domestic and import vehicles analyzed by IntelliChoice for the 1995 "Best Overall Value of the Year" awards.
  • 215%: The percentage increase in expected costs over a 5-year period for the Geo Metro, compared to the original purchase price.
  • $9,075: The total purchase price of the Geo Metro, including tax, license, rear defroster, and destination fee.
  • $19,680: The estimated total costs for the Geo Metro over a 5-year period, including all ownership expenses.
  • 1995: The year IntelliChoice released its ninth annual "Best Overall Value" compilation.
  • 1986: The year IntelliChoice was founded as the only company to develop and distribute ownership cost information for consumers.

Sources:

  • IntelliChoice Inc. press release, February 8, 1995
  • The Complete Car Cost Guide, 1995 edition, published by IntelliChoice Inc.
  • The Complete Small Truck Cost Guide, 1995 edition, published by IntelliChoice Inc.

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