Having drivern Mercedes and Audis, the CC compares very favorably to both in terms of ride, handling performance and interior features but it tops both in terms of uniqueness and looks and affordability/value. If you are in the market for a Audi A 4 or a Merceders Benz C Class - and you do not care about the emblem on your ride - this car blends looks, ride, comfort and performance. The 2.0 turbo coupled with the DSG auto is far better than any SAAB turbo - I owned a 99 SAAB 9-5 2.3 LPT and a 99 SAAB 9.3 2.0 and while the 9-3 was fun to drive - it rode like a pick-up truck and offered few lux amentiies and while the 9-5 offered a refined ride and lux amenities, it was not much fun.
I have had this car for 13 months and was enjoying its ride comfort, power and fuel economy when I discovered that it was burning oil at about 15,000 miles. I complained and VW tested it then confirmed that it is burning 0.29 quarts every 1000 miles which translates to 2.9 quarts between recommended change intervals. VW says that is okay, but automotive engineers state that it is evidence of an engine defect. The car is a marvel in many ways, but watch out for the oil burning: VW does not disclose this to buyers until after they have bought the car which I think is a bit sleazy.
I bought this car on a whim. My wife had just bought a Routan, and on a whim I asked about the CC. Four days later I was driving unsurpassed and unmatched luxury at 30K. Unmatched 2.0T. Unmatched Interior Styling (better than C Class, TL, and Lexus). Unmatched Gas Mileage. Best of all, unmatched rubbernecking as I drive by. Volkswagen definitely hit the nail on the head with the 2012 CC. I can't help but wonder why you would buy anything else. To tell you the truth, I love parking next to "luxury" cars and peeking inside to see what I am NOT missing. I figure it gives them a chance to see what they ARE missing.
My first Volkswagen ever; which now has 2,600 miles on it. I have owned a 1992 Corvette LT1 6 speed convertible, 2003 Acura TL, and 2010 Nissan Maxima, and this is by far the best of all. It's sleek, elegant yet sporty, solid aerodynamic body is truly a work of art. Interior is just as stylish and nicely crafted as exterior. The 4 cyl turbo coupled with DSG auto. trans. provides plenty of power / torque with real sports car shifting ability. This is truly a "4 door sports car". The handling and solid feel at any speed, blows away my prev. new 2010 Maxima. The ride is tight, firm, but soaks up bumps and very comfortable. Trunk is surprisingly deep & spacious. No negatives. Simply the best!!!
Purchased on 1/16/2012 and have yet to stop at the gas station to fill up....that includes driving to work on daily basis (10 mi.) and doing light errands most evenings. The 2.0 turbo is plenty of power for this car. I had an 08 Jetta W-burg with same engine so I know it's strengths. The car feels solid, comfortable, and I think it rivals the Infiniti G series, Acura TSX and other entry level Lux cars. The CC is essentially a Lux car without the typical Lux Badge like Audi or BMW. I think this car could probably sell for 3-4k more and still be a fair deal.