Japanese cars tops in SA for affordability, easy maintenance

 

Japanese-made cars dominate the top five positions on the new Car Maintenance Index 2018, released by market research group New World Wealth.

The report suggests that, based on the affordability of maintaining vehicles over the long-term, the top five "best" car brands to own in SA - in no particular order - are Toyota; Honda; Opel; Nissan and Mazda.

The research found that, if one looks at the number of cars of 25 years and older on SA's roads, Toyota dominates.

Furthermore, a large number of Cressidas, Conquests and Corollas from the 1970s and 1980s are still found on SA roads.

The index report concludes that this suggests these cars are relatively easy to maintain and cheap to repair. It also suggests that they give relatively few problems over the long term.

Around 500 000 new cars are sold in SA each year, generating revenue of around R150bn a year.

How it was done

For the research, over 30 car brands were considered, including all major car brands available in SA.

Criteria used included the availability and affordability of spare parts for the vehicle; the affordability of services after the motor plan had ended; and the reliability of the car after the motor plan had ended. Special focus was placed on the number of major engine and gearbox problems that a vehicle experiences over time.

The research also looked at the ability of dealerships to handle large repair jobs and the affordability of such repairs. Lastly, it looked at the affordability of insurance premiums, relative to the price of the vehicle.

The sources used included interviews with independent second-hand car dealers; interviews with independent auto mechanics; and interviews with "roadworthy vehicle inspection" providers.

Furthermore, vehicles of 25 years and older still on SA's roads and still in good working order were tracked. Lastly, online complaints and compliments were tracked.

Car insurance

The index research included a look at car insurance in SA.

In rating the top car insurers in SA for 2018, criteria included the affordability of premiums; the level of customer service; the speed of pay-out; the ease of the pay-out process; and roadside assistance and towing.

The index suggests the top five car insurers in SA for 2018 - in no particular order - are Discovery; Hollard; Auto & General; Outsurance; and King Price.

Sources included interviews with financial intermediaries (independent brokers and advisors); interviews with tow truck drivers; and the tracking of complaints and compliments online.

The research found that car insurance premiums normally range from R400 to R600 per month for a car worth R200 000. The SA car insurance industry generates revenue of around R20bn per year in SA.

Only around 4 million (35%) of the 12 million registered cars in SA are insured.

Over 20 local car insurers were included in the study, including the main players.

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This Is Why The Toyota Corolla Is The World's Best-Selling Car Of All Time

 Let’s check out the Toyota Corolla’s winning formula that earned it a place at the top of the global sales chart.

Original Post by Eugenia Akhim

Companies are constantly vying for accolades and titles because they offer free, positive PR and recognition for their efforts. There are currently so many accolades, including "most environmentally friendly company," "best employer," "best R&D company," "best product," and "top exporter," that customers aren't even sure on what to focus. However, the title of best-selling product is one that every firm aspires to, regardless of industry. This award validates the worth of your company's work, your product, and your efforts, while also showing your ability to dominate a global market. A global best-selling product also brings in shocking amounts of money and increases the company's profitability for shareholders and investors.

The Ford Model T was the global bestseller in the automotive industry for a long period. According to historians, 90 percent of automobiles on earth in 1914 were Fords. However, since then, new firms have created innovative vehicles. So, in a market where we have cutting-edge companies like Tesla, hypercar manufacturers like Zenvo, and established global players like Volkswagen Group, which is the world’s best-selling automobile?

The answer, surprisingly, is the Toyota Corolla. The Japanese subcompact car has dominated the world for decades, spurring copycats and creating rivalries along the way. So, how did the Corolla become the world’s bestselling automobile of all time?

Positive Consumer Perception And Powerful Brand Awareness

For years, Toyota has dominated in brand perception, with American buyers associating the car with high quality, affordability, and comfort. Customers appreciate the Corolla because it is a stylish, safe, and reliable vehicle despite its low price point. Usually, automobiles that are more affordable often cut corners when it comes to design and styling, but Toyota didn’t follow this path for the Corolla. The Japanese company periodically upgraded the interior as well as the technology and safety measures. This way, the car gained a following among young families and acquired the reputation of a family-friendly vehicle. According to a Consumer Reports ranking based on owner satisfaction surveys, Toyota gets 5 points out of 5 for style. Elsewhere, the result of Kelley Blue Book Brand Watch survey highlighted that in the fourth quarter of 2021, 32 percent of American consumers considered buying a Toyota.

Toyota Corolla Is Affordable

If there’s one thing in the world that everyone can agree on, it’s that the Corolla is affordable. Both the sedan and hatchback provide extraordinary adaptability at a low price point. The 2022 Toyota Corolla had a starting MSRP of $20,425, while the hybrid had a starting MSRP of $24,050. Just to put things into perspective, the 2022 Subaru Legacy had a starting MSRP of $23,495, and the 2022 Toyota Camry started at $25,845.

To be fair, the standard Camry still outperforms the standard Corolla in terms of fuel efficiency. Furthermore, the Camry has a more potent engine and offers more storage capacity and back legroom.

Toyota Corolla Provides Good Fuel Economy.

Customers do rave about the Corolla’s fuel economy. This vehicle has a long history of excellent gas mileage. For example, the 2022 Corolla L and LE have a city MPG of 30 and a highway MPG of 38. Meanwhile, the 2022 Toyota Corolla XLE has a city MPG of 29 and a highway MPG of 37, while the 2022 Toyota Corolla Hybrid LE has a city MPG of 53 and a highway MPG of 52. It is not surprising that consumers still adore the Toyota Corolla after all these years, given how costly gas has become. In particular, commuters who are still uninterested in fully electric automobiles might find this vehicle as an interesting option.

Toyota Corolla Has The Best Build Quality.

Modern consumers are more concerned with build quality as car prices continue to rise and auto parts cost more and more each month. To be sure, buyers have always been concerned about car reliability, but since the start of the COVID-19 pandemic, this fixation has intensified. Luckily, Toyota understands consumers’ concerns and knows how to deliver on quality. The Corolla has topped reliability statistics for years, being considered by consumers a very dependable car. Repair Pal, for example, gives the Corolla a 4.5 out of 5.0 reliability rating, while mentioning that the average annual repair cost is $362. The website ranks the Toyota Corolla first out of 36 compact cars. Meanwhile, J.D. Power gives the 2022 Toyota Corolla a score of 85 out of 100 for quality and reliability, and it ranks the vehicle 4th in the category of “Best Compact Car of 2022.” J.D. Power mentions some issues encountered by owners of the 2022 Toyota Corolla during the first 90 days of ownership, but they don’t seem too noteworthy, such as problems with the voice assistance experience in the car.

Used 2022 Toyota Land Cruiser Selling For Double The Retail Price In Japan

 

The prices in the used-car market in Japan are currently soaring rapidly due to the ongoing global chip shortage in the market Used cars in Japan are currently enjoying a strong demand due to the ongoing chip shortage across the globe. The effect of this strong demand can be directly seen in the retail prices of used cars. A recent report shared by Nikkei Asia shared that the price of a used 2022 Toyota Land Cruiser ZX in Japan is more than double the suggested retail price of a

new Land Cruiser. Here is everything you need to know about this new and strong trend in Japan’s used car market. For starters, the average price of a standard used 2022 Toyota Land Cruiser ZX is around 17.05 million yen (INR 97.15 lakh) in late July in Japan.

Except for the Toyota Land Cruiser, other cars like the Toyota Alphard minivan and the Corolla Cross also have a strong demand in the market and the prices of such cars have also gone higher than their suggested retail prices.


The production of the new cars has suffered heavily due to the global chip shortage and Toyota alone has approximately 1 million pending orders in Japan. The Toyota Land Cruiser currently has a waiting period of almost four years while many other SUVs have a waiting period of over 1 year. The Japanese carmaker also suspended many orders of the Land Cruiser, Alphard, and Harrier models in Japan.


Other Toyota cars like the Harrier are also gaining popularity in overseas markets and are currently being auctioned by used car dealers to other dealers in other markets. Increased domestic demand and higher demand for exports have contributed significantly to the rising prices of these used SUVs in Japan.

Toyota India will also be launching the new Land Cruiser LC300 in India in the next few weeks. The bookings of the LC300 recently commenced in the country at Rs 10 lakh. The new LC300 will be offered with a 5-seater cabin and will be powered by a 3.3L diesel engine that comes mated to a 10-speed automatic gearbox. The price of the new Land Cruiser LC300 is yet to be announced in India.

This article was sourced from ... https://gaadiwaadi.com/used-2022-toyota-land-cruiser-selling-for-double-the-retail-price-in-japan/