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Consumer Reports has lifted its "Don't Buy" rating on the Lexus GX 460 SUV less than a month after it warned of handling problems, following new tests that showed recall work corrected the problem.
It remains one of the worst vehicles Consumer Reports has ever tested. [40] The publication noted that the car took 37.5 seconds to go from 0–60 MPH, it was dangerously structurally deficient in a 30MPH crash test with a standard car, and its bumpers were "virtually useless against anything more formidable than a watermelon ", all of which ...
The U.S. Big Three were first weakened by the substantially more expensive automobile fuels [6] linked to the 2003–2008 oil crisis which, in particular, caused customers to turn away from large sport utility vehicles (SUVs) and pickup trucks, [7] the main market of the American "Big Three" (General Motors, Ford, and Chrysler).
General Motors has made considerable strides in improving the quality of its cars and trucks, but Honda and Toyota remain the benchmark of reliability in the U.S. automobile industry, according to ...
On April 13, 2010, Consumer Reports in the United States urged customers not to buy the 2010 model year GX 460, giving it a "Don't buy, Safety Risk" label, its first such vehicle rating since 2001, following the results of a "lift-off oversteer" emergency test. This label was lifted on May 7, 2010. [26]
The average new car in August 2022 cost $46,259, according to a recent J.D. Power sales report. That's 12% higher than August 2021, and it reflects an all-time high for new car prices. Meanwhile,...
Manufacturers made 15% to 20% profit margin on an SUV, compared to 3% or less on a car. [102] When gasoline prices rose above $4 per gallon in 2008, Americans stopped buying the big vehicles and Big Three sales and profitability plummeted. The 2008 financial crisis played a role, as GM was unable to obtain credit to buy Chrysler.
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
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