Thursday, May 24, 2012

 
 
 

 
 
 
 
 
Auto insider: Three "secrets" the auto industry doesn't want you to know
Advertisement
Tuesday, February 07, 2012
Text Size: increase text size decrease text size

From Eric Peters Autos:

There is probably a rule against what I am about to do. As a guy who makes his living writing articles about cars – and reviewing new cars – I surely flirt with nacht und nebel for revealing the following:

* There aren't any s#$%^& cars anymore -

At least, not like there used to be s#$%^& cars. Sure, there are new cars that don't sell well – or which are ugly. But that's different. I mean cars that literally began to fall apart within a few months of purchase – or even sooner.

There is no modern analog to rolling class-action lawsuits like the early-'70s Chevy Vega with the aluminum engine that GM was too cheap to sleeve and which, accordingly, often required as much oil as it did gas before the new car smell dissipated. Or a mid-'80s Yugo. Or anything like that. Sure, sometimes a new car will have bugs. But it's rare to find one that's deeply, fundamentally fecal in the way that was once common.

All new cars are also covered by comprehensive warranties that last at least three years (worst case) and, increasingly, as long as five years and 50,000 miles – with the major parts (engine and transmission) usually covered for longer.

Every automaker still selling cars today has a quality/reliability level that would have seemed literally unbelievable 20 years ago. The bar for "par" is so much higher now that second (and maybe third) tier scorers on customer satisfaction surveys are probably building cars that are more reliable than the best stuff you could buy back in the '80s.

What all this means is...

Read full article...

More on autos:

A fact about hybrid automobiles that could shock you

This could be the biggest car scam in America right now

This insane California court ruling could make your next car much more expensive

Topics: Autos | Saving_money | Cruxallaneous
RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.