Mitsubishi Galant Prices Tumble in January

2009-mitsubishi-galant

Late-model used-car prices dipped slightly in January 2013, dropping about one-half of a percentage point ($101) from December 2012 to $22,662. However, a number of models saw significantly steeper declines. Leading the way was the Mitsubishi Galant.

The now-discontinued family sedan saw its average asking price drop 12% to $13,993, a decrease of nearly $2,000. Other models that have recently met the chopping block — the Mercury Milan and Mazda CX-7 — also saw some of the largest price drops of the month with declines of 4%.

Another Mitsubishi model, the Lancer compact car, saw the biggest price increase of the month with a 5% ($841) jump to $17,672. The Chevrolet Corvette saw the second-largest increase with a 4% rise but the largest dollar jump of $2,528 to $59,017.

The chart below details the top 10 used cars from the 2010 to 2012 model years with the biggest price drops — as well as the 10 with the biggest increases. To be eligible for the list, a model had to have 500 cars in Cars.com's national inventory.

By Mike Hanley | January 28, 2013 | Comments (3)

Mazda Discontinues the CX-7

2012 mazda CX-7
Mazda is doing a little housekeeping this spring. It's out with the old and in with the new in terms of the automaker's SUV lineup. Mazda spokeswoman Beverly Braga recently told Cars.com that Mazda will replace its CX-7 midsize SUV with the smaller, new-for-2013 CX-5. Model-year 2012 will be the CX-7's last in the U.S.; sales will continue in other markets, however.

The CX-7 was launched for model-year 2007 and has seen only modest sales, including 35,641 units last year. Major competitors easily outsell it: Honda sold 218,373 CR-Vs in 2011--before the redesigned version went on sale. One of the CX-7's issues was size; at 184.3 inches long, it was too small to be considered a true midsize SUV and too big to compete in the compact class.

Mazda is hoping CX-5 will better meet consumers' needs. It’s smaller than the CX-7, but offers more passenger room. It has 103.8 cubic feet of interior volume, while the CX-7 has 101.7. A competitive base price and an attractive fuel-efficient engine also should help. Power comes from a 155-horsepower four-cylinder with an EPA-estimated 26/32/29 mpg city/highway/combined rating. The 2013 CX-5 is on sale now with a starting price of $20,695, excluding a $795 destination fee.

By Jennifer Geiger | March 12, 2012 | Comments (6)

Cars.com News Briefs: Feb. 20, 2012

Mazda CX-5 Dr. Seuss

Here's what we have our eye on today:

  • As Mazda's new CX-5 compact crossover goes on sale, the automaker has teamed up with Universal Pictures and Illumination Entertainment to cross-promote its vehicle and "Dr. Seuss' The Lorax," which opens in theaters March 2, said the automaker. The 30- and 45-second ads feature a cartoonized Mazda CX-5 traveling through the film's imaginary “Truffula Valley,” as the Seuss characters describe the benefits of Mazda's SkyActiv engine technology.
  • Once the CX-5 goes on sale, Mazda will discontinue the CX-7 crossover for the U.S., according to Automotive News. The automaker stopped producing the CX-7 for the U.S. in December and is currently selling down its remaining inventory, a Mazda spokeswoman told Automotive News. The CX-5 will be more profitable than the CX-7, says Mazda's CEO; he expects to produce and sell 160,000 CX-5s globally a year.
  • Attorneys-general from five states, including California and Texas, have asked for a delay in a settlement for a class-action lawsuit regarding Honda Civic Hybrids, according to The Detroit Bureau. The case involves the stated fuel-economy figures of the Honda Civic Hybrid versus its real-life fuel efficiency, which plaintiffs say translates into higher fuel costs and lower trade-in values than originally expected for the hybrid owners. So far, the settlement would give 200,000 owners about $100 to $200 in cash and coupons worth $500 to $1,500 toward the purchase of another Honda. The delay comes after Honda lost a small-claims lawsuit over the same issue from an individual owner who circumvented the class-action lawsuit.
By Colin Bird | February 20, 2012 | Comments (2)

Year-End Deal Reality Check: Mazda

2011 mazda 2
The end of the year means dealers are trying to move old product to make room for next year’s new cars, trucks and SUVs; it also means more deals for new-car shoppers. According to Mazda, ‘Tis the Season of Saving. The automaker’s annual year-end sale program offers well-qualified shoppers 0% financing and no payments for 90 days on select 2011 and 2012 Mazda vehicles.

Model-year 2011 vehicles that qualify include the Mazda2, Mazda3 hatchback and sedan, Mazda6, CX-7 and CX-9. Also eligible are 2012 versions of the Mazda2, Mazda5, Mazda6 and CX-9. For example, qualified shoppers can purchase the redesigned-for-2012 Mazda5 small minivan for $19,345 and get 0% financing for 60 months and forgo payments for 90 days.

The sale ends Jan. 3.

By Jennifer Geiger | December 29, 2011 | Comments (1)

Five Midsize SUVs Earn Top Safety Picks

2011jgccrash

The Insurance Institute for Highway Safety tested 12 new midsize SUVs with its new rollover crush strength requirement, and only six passed.

Of the six, five earned the Top Safety Pick award, which means they received the top score of Good in front, side, rear and roof crash tests and are equipped with stability control.

Although the Jeep Liberty and its Dodge Nitro twin had the best results for roof strength at five times the weight of the vehicle, they rated Acceptable and Marginal in rear and side crash tests, respectively.

The five new Top Safety Picks are:
By David Thomas | June 2, 2010 | Comments (6)

Mazda Offers Zero-Percent Financing

Mazda
Mazda is offering zero-percent APR financing for 60 months on 2010 Mazda3, Mazda5 and Mazda6 models through June 1.

On top of that, certain Midwest customers qualify for an extra $500 cash toward the purchase or lease of new select Mazda models on top of zero-percent financing. We found the deal extended to the most vehicles in Midwestern ZIP codes, so check in your area, as eligible cars may vary.

Note that the Mazdaspeed3 does not come with this offer.

Mazda is also offering $500 in owner loyalty cash for previous Mazda customers who buy a 2010 Mazda3, Mazda6, CX-7 or CX-9.

By Stephen Markley | May 7, 2010 | Comments (0)

Mazda CX-7 Video

Mazda seems to have thought long and hard about how to attract more buyers to its small crossover, the CX-7. Its answer? Drop in a base four-cylinder engine that makes the vehicle more fuel efficient and less expensive. This move goes a long way, according to Cars.com reviewer Mike Hanley. Check out this video to find out how the CX-7 fares across the board.
By Stephen Markley | January 7, 2010 | Comments (1)

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