2017 Recap - Successful Debuts and Flops
2018 is just around the corner, and it’s that time of the year when we look back on what happened over the last 12 months in the automotive industry. Needless to say, 2017 has been a busy year with five major auto shows in Europe and North America plus a few more important car events in Shanghai and at SEMA. More than a hundred new cars have been launched, with countless concepts previewing vehicles and technologies that we will get in production models in a few years. We’ve seen semi-autonomous cars go into production and significant progress made toward electrification with significant gains in hybrid and all-electric drivetrain technology.
We saw spectacular supercars bow in Detroit, Geneva, New York, and Frankfurt, alongside redesigned or updated cars and SUVs for the average Joe. But the industry also spawned a few flops this year. Cars that didn’t live up to the pre-launch hype, concepts that didn’t bring actual novelties, and Asian automakers that copied European designs inch by inch. I’ve included all of the above in this end-of-the-year recap, so we can look back on both the successful debuts and the flops that we witnessed from January through December 2017. Keep reading to find out what got me excited and disappointed this year.
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Color Rush: The Color Of Your Car Affects Its Depreciation Value
When you’re picking a color for your next car purchase, how much attention do you put into the color of the car? Whatever your answer is, it turns out that a car’s color goes a long way in affecting its depreciation value. This revealing information was presented by iSeeCars after the used car website analyzed over 2.1 million used car sales and discovered that certain car colors retained more of their value compared to others. Yellow, for example, was the big winner after the study revealed that cars wearing this color depreciated by just 27.0 percent in the first three years of ownership. On the other end of the spectrum? Gold, which depreciates by a staggering 37.1 percent in the same period.
The appeal of the color yellow in the auto industry appears to be tied to its availability, or lack thereof, according to eskers CEO Phong Ly. “Yellow cars are relatively less common, which could drive up demand and help maintain their value,” he said, before adding that the color also holds strong appeal among SUVs and pickup brands. Apparently, SUVs and pickup trucks depreciate 30.9 percent and 20.9 percent, respectively, overall, while yellow SUVs and pickups depreciate only 25.8 percent and 10.8 percent, respectively. Orange- and green-colored cars also revealed themselves to be more resistant to depreciation, depreciating by just 30.6 and 30.9 percent, respectively. The site also revealed that on average, cars depreciate in value by 33.1 percent in the first three years of ownership.
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When you stroll onto a dealership lot, car salesmen do everything they can to gain your interest in making a decision about what car you want and how you want to obtain it. That in itself isn’t a decision to be taken lightly; after all, you’re going to be driving the vehicle for at least the next few years. But, what’s more important is whether you decide to purchase the car or lease the car. Both options have their benefits and downfalls but which one is really right for you, your family, and your current financial situation?
To put things simply, purchasing a car means that it’s yours to do what you wish – as long as you keep up on your loan payments, of course. If you want to install a custom sound system, make mechanical upgrades, or even repaint it, you’re free to do so. But, you’ll also be burdened with making a sometimes hefty down payment, paying for repair costs that occur later in the life of the vehicle once the warranty coverage has expired, and you have to consider how much value the car will lose between the time you purchase it and the time you decide to sell it and trade it in for a new vehicle. When you lease, you don’t have to worry about the aforementioned burdens, as they typically have smaller down payments, and carry a full warranty through the entirety of the lease. But, on the other hand, you’re responsible for any excess wear and tear, mileage that exceeds your predetermined allotment, and have zero equity in the vehicle. Those who choose to lease a vehicle typically pay less in sales tax, but usually need a higher credit score and often end up paying more for insurance while the car is in their possession.
That’s just the tip of a very large iceberg, though, as there are a lot of different things that you need to be aware of if you want to make an informed decision. Your credit score will even play a factor in which options are available to you and what the end cost of purchasing or leasing a car will be. So, we’ve put a guide together that covers the pros and cons of purchasing and leasing, as well as information that will help you decide which option is best for you before you even head over to your local car dealer.
The Best Cars From 1996
Welp, it’s New Years Eve, and as you pour out the champagne and put on a pair of ridiculous glasses shaped like the number 2017, it’s important to take a moment to look back and reflect. In the search for the answers of where you’re headed, you can often find clues by sifting through the past, so that’s exactly what were gonna do right here. Incredibly, at least to folks as old as I am, we’re now more than 20 years beyond the year 1996, which prompted us to search the old TopSpeed archives and come up with an answer to the following question – what were the best cars you could buy two decades ago?
Included in this list is a motley crew of sedans and hatchbacks, sports cars and super cars, imports and domestics. We tried to cater to everyone’s tastes, picking out the very best production vehicles we could find, no matter the shape, size, or flavor.
So how’d we do? Which of these rides speak to you, dear reader? Did you own any of these cars in the past? Maybe you own one right now? Let us know in the comments!
Continue reading to learn about the best cars from 1996.