Despite recalls, Consumer Reports names Honda Fit, Toyota Prius Best Values

Automobiles 1112 Hits > 2010-06-02 22:45:01


Despite recalls, Consumer Reports names Honda Fit, Toyota Prius Best Values

Consumer Reports is set to ship its annual automotive issue out to subscribers, but before the dyed and bound dead trees make their way to subscribers, CR shot off a few press releases to let us know what to expect. While we already covered the six new members of their Top Picks charts this morning, we found their New-Car Best and Worst Values List equally newsworthy.



CR chose the Honda Fit and Toyota Prius as its top picks for best overall value in the marketplace, despite Honda recalling more than 650,000 Fits and the issue plaguing the Toyota Prius, among the myriad of things that have kept ToMoCo busy lately. So before the complaints come in, perhaps a look at CR's methodology is in order. According to the presser after the jump:

 



"To determine which cars are the best values, Consumer Reports looked at a combination of performance, utility, and reliability for the money, considering total owner costs over the first five-years. The better a car performs in Consumer Reports' road tests and reliability Ratings and the less it costs to own, the greater its value."


Consumer Reports says the Honda Fit and the Toyota Prius bested 280 other cars in eight different categories to grab their top spots. Each recorded a score of 2.08 on their tally sheets, representing values that are more than twice as good as the overall average for the group. It could be argued that the recalls affecting the vehicles might have come too late in the game and/or may have not impacted their rankings significantly enough to erase the inherent value of each vehicle. And lest we forget, CR isn't alone in recognizing the Prius, with MotorWeek and Intellichoice both naming the Japanese hybrid to their awards this year.



The full report on best and worst new-car values will show up March 2, but you can see the lists in the press release after the jump.



[Source: Consumer Reports]






PRESS RELEASE



Honda Fit and Toyota Prius Top Consumer Reports New-Car Best Value List

Annual Auto Issue Names Best and Worst New-Car Best Values in Eight Categories


YONKERS, N.Y., Feb. 23 /PRNewswire-USNewswire/ -- The Honda Fit and the Toyota Prius topped the list of new-car best values according to Consumer Reports' 2010 Annual Auto Issue beating out more than 280 cars in eight categories.


The Honda Fit and the Toyota Prius each earned a value score of 2.08 and provided the best overall value despite being very different cars. Scores are expressed in relation to the value of the average vehicle (designated 1.00). A score of 2.00 represents twice the value of the average model.


While the Prius IV ($26,750) is more expensive than the Honda Fit ($16,020) and has a higher cost per mile (47 cents vs. 42), the Prius performed notably better in Consumer Reports' battery of road tests, earning a score of 80 versus the Fit's 68. Both cars have excellent reliability.


"A low price doesn't always equal a good value," said Rik Paul, automotive editor at Consumer Reports. "Our best value list can help consumers choose a car that will give them the best bang for the buck."


To determine which cars are the best values, Consumer Reports looked at a combination of performance, utility, and reliability for the money, considering total owner costs over the first five-years. The better a car performs in Consumer Reports' road tests and reliability Ratings and the less it costs to own, the greater its value.







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