Edmunds.com Announces True Cost to Own(R) Award Winners: Honda and Ford Vehicles Shine

SANTA MONICA, Calif., Jul 25, 2011 (BUSINESS WIRE) -- Honda Motor Co. won five categories in the 2011 Lowest True Cost to Own(R) Awards, given by Edmunds.com, the premier online resource for automotive information. The awards name the 2011 model year cars and trucks in 23 categories that offer the lowest True Cost to Own(R) (TCO(R)), which is the projected ownership cost over a five-year period.

The 2011 Honda Accord earned victories in two categories: Coupes $25-$35K and Sedans $20K-$30K. Honda's other award winners are the Honda Civic Hybrid (Hybrids), the Honda Ridgeline (Large Light Duty Truck) and the Honda Pilot (SUV $35K-$45K).

Ford Motor Co. also had a strong showing in this year's awards, with Edmunds.com recognizing the Ford Ranger (Compact Truck), the Ford Flex (Wagon Over $35K), the Ford Fiesta (Sedan Under $20K) and the Ford Transit Connect (Van/Minivan).

The other automotive brands receiving at least two awards were Chevrolet and Cadillac.
"One of the key factors that pushed many of this year's award winners over the top was their free maintenance plans, which can save car owners hundreds or even thousands of dollars over a five-year period," said Danny Zhou, senior director of data products and operations at Edmunds.com. "The 2011 Volkswagen CC, for example, edged past its closest competitors in the Sedan $30K-$40K category in large part because it offers free maintenance for three years or 36,000 miles."

To calculate the Lowest True Cost to Own(R) winners, Edmunds.com uses an algorithm that takes into account depreciation, interest on financing, taxes and fees, insurance premiums, fuel, maintenance, repairs and any federal tax credit that may be available. In order to estimate certain mileage-dependent costs, Edmunds.com assumes that vehicles will be driven 15,000 miles per year. Only vehicles launched during the period from July 29, 2010 to April 14, 2011 were considered for the 2011 awards.

To see the full list of all 23 winners this year, please visit the award page at http://www.edmunds.com/car-reviews/2011-lowest-cost-to-own.html .

Consumers can learn more about Edmunds.com's True Cost to Own(R) (TCO(R)) before they buy their next car at http://www.edmunds.com/tco.html .

About Edmunds.com, Inc. ( http://www.edmunds.com/help/about/index.html )
Edmunds.com Inc. publishes Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive information, launched in 1995 as the first automotive information Web site. Its mobile site, accessible from any smartphone at www.edmunds.com , makes car pricing and other research tools available for car shoppers at dealerships and otherwise on the go. InsideLine.com is the most-read automotive enthusiast Web site. Its mobile site, accessible from any smartphone at www.insideline.com , features the wireless Web's highest quality car photos and videos. AutoObserver.com provides insightful automotive industry commentary and analysis. Edmunds.com Inc. is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit. Follow Edmunds.com on Twitter@edmunds and fan Edmunds.com on Facebook at http://www.facebook.com/edmunds .

Source;
http://www.marketwatch.com/story/edmundscom-announces-true-cost-to-ownr-award-winners-honda-and-ford-vehicles-shine-2011-07-25?reflink=MW_news_stmp

Honda Greensburg plant gets survey's highest award

Honda Greensburg was named one of the world's best car assembly plants

.J.D. Power and Associates, a research firm that hands out an annual prize likened to the Academy Awards of vehicle manufacturing, on Thursday singled out the southeast Indiana factory.

Honda Greensburg received the researcher's highest rating, the Platinum Plant Quality award.The Greensburg plant, which assembles the Civic car, scored 24 problems per 100 vehicles, compared with an industry average of 107 problems per 100 vehicles.

"It's a real feather in the cap for a plant that is that new," said Ed Miller, American Honda Motor Co. senior manager for corporate affairs.

Honda opened the plant in 2008 after selecting 900 workers from about 30,000 job applications. Honda is now recruiting a second shift of about 1,000 workers to start late this year.

Honda plants differ from Toyota's and General Motors' by relying slightly less on automation and more on hands-on effort on the assembly line.

To obtain the results, J.D. Power surveyed 73,000 cars and trucks of all makes in the hands of buyers. The survey covers initial problems detected within 90 days of purchase of model year 2011vehicles.

Greensburg was tied for the Platinum award by Toyota's Lexus RX assembly line at Cambridge, Ontario, and Toyota Kyushu 2 in Japan, which produces the Lexus ES, IS and RX. Each plant scored 24 defects per 100 vehicles."

These results are an important demonstration of our focus on the customer and the tireless efforts put forth by Honda associates throughout our organization -- in R&D, in manufacturing and in sales -- toreflect the voice of our customers and to exceed their high expectations of Honda and Acura," Tetsuo Iwamura, chief executive of American Honda Motor Co., said in a statement.

Source;
http://www.indystar.com/article/20110624/BUSINESS/106240345/Honda-Greensburg-plant-gets-survey-s-highest-award

Fun to Drive Honda Fit Wins a Multitude of Auto Awards – Troy Honda

(OPENPRESS) March 8, 2011 -- The Honda Fit, a subcompact five-door hatchback, is a super-metro champion. For 2011 the Honda Fit offers exceptional space efficiency and fuel economy in an affordable and stylish package. The vehicle has already won a multitude of awards that prove the Fit’s dominance.

Most recently, the magazine Consumer Reports named the Honda Fit as the small car with the best overall value. Over 200 different vehicles were analyzed, and the Honda Fit surpassed them all to take the lead. The winning score was determined by a variety of factors including performance, reliability, and ownership cost data.

This latest win, is just one of the many the Honda Fit has been honored with. The small car has also been awarded ALG’s Residual Value Award for the Best Sub Compact Car. This award showcases that the Fit retains its value over time which is an important aspect drivers consider when purchasing cars. The Honda Fit is a very versatile car, so it is able to hold its value whether new or used. This award goes along with Kelly Blue Book’s award for ‘Best Resale Value Award’ in the sub-compact car category. KBB gives this award to a vehicle in each category that has the best resale value after five years.

Car and Driver’s praised the Honda Fit for its fun to drive experience and named the vehicle on its 10 Best Cars list. U.S. News and World Reports also named the Fit on its list of 2011 Best Cars for the Money due to its impressive fuel economy, spacious cabin and affordable price tag.

The award winning Honda Fit is available at Troy Honda, a Honda dealer serving the Detroit, MI area. Visit http://troyhonda.com/new-cars.aspx to view the Honda car dealer’s extensive inventory of new and used Honda Fits.

About Troy HondaTroy Honda, http://www.TroyHonda.com, of the Detroit area carries an extensive inventory of new and used Honda cars, trucks and SUVs. In addition the service department at Troy Honda handles general maintenance to large repairs and the parts department keeps a large selection of OEM certified parts. Troy Honda’s primary goal is 100% customer satisfaction.

Source;
http://www.theopenpress.com/index.php?a=press&id=98272