FOR IMMEDIATE RELEASE
Edmunds.com Names its Used Car "Best Bets" for 2006
SANTA MONICA, Calif. — June 1, 2006 — Edmunds.com, the premier online resource for automotive information, today announced its used car, truck and SUV "Best Bets" for 2006.
"Because of high gas prices, consumers are looking for additional ways to save on automotive expenses. For those in the market for new wheels, buying a used car is an economical alternative to purchasing a new car, especially compared with many hybrids," said Philip Reed, Edmunds.com's consumer advice editor and co-author of Strategies for Smart Car Buyers. "New cars are costly because they depreciate about 15 percent after being driven off the dealership lot, and as much as 30 percent in total during their first year on the road."
|Economy Car:||1999-2004 Honda Civic|
|Midsize Car:||1999-2004 Toyota Camry|
|Large Car:||1999-2004 Ford Crown Victoria / Mercury Grand Marquis|
|Luxury Car:||2003-2004 Infiniti G35|
|Sporty Car:||1999-2004 Mazda Miata|
|Mini-SUV:||1999-2004 Honda CR-V|
|SUV:||2002-2004 Ford Explorer|
|Minivan:||1999-2004 Honda Odyssey|
|Small Pickup:||1999-2004 Toyota Tacoma|
|Large Pickup:||1999-2004 Ford F-150|
Edmunds.com editors emphasized reliability, safety and availability as the most important criteria when developing this list. Based on these considerations as well as the fact that vehicles incur the most rapid depreciation in their first few years, a low-mileage two- or three-year-old car or truck tends to be the best choice.
"Consumers who purchase a used vehicle can afford to purchase a more luxurious car or one with more performance," added Reed. "For added peace of mind, a manufacturer certified pre-owned vehicle can provide used car buyers with an additional warranty during their purchase."
Take Edmunds.com's "Used Car Quiz" and visit Edmunds.com's "10 Steps to Buying a Used Car" before purchasing your next used car. For information on certified pre-owned vehicles, visit http://www.edmunds.com/cpo/index.html.
About Edmunds.com, Inc.
Edmunds.com is the premier online resource for automotive information. Its comprehensive set of data, tools and services is generated by Edmunds.com Information Solutions and is licensed to third parties and used by over 15,000 cars dealers including 98 of the 100 dealers named to the Ward's Dealer Business "e-Dealer 100" list. Perhaps the most popular consumer product, Edmunds.com True Market Value® pricing, is relied upon by millions of people seeking market-reflective valuations for new and used vehicles. The company also supplies content for the auto sections of NYTimes.com, AOL, CNN.com and About.com; provides weekly data to Automotive News; and delivers monthly data reports to Wall Street analysts. In addition, Edmunds.com publishes Inside Line (), a free high-speed online magazine for auto enthusiasts, and CarSpace (www.carspace.com), an automotive lifestyle social networking Web site for anyone with an interest in automobiles. Edmunds.com was named "Best Car Research Site" by Forbes ASAP, has been selected by consumers as the "Most Useful Web Site" according to every J.D. Power and Associates New Autoshopper.com StudySM, was ranked first in the Survey of Car-Shopping Web Sites by The Wall Street Journal and was rated number one in Keynote's study of third-party automotive web sites. The company is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit.