DENVER (CBS4) – Coloradans are buying more new cars as sales were up 10 percent in January over January of last year, and year-to-year sales for all of 2012 were up 24 percent.
“Consumer Reports” has released its new list of the best 2013 models.
“My parents buy Hondas, and I know for a fact they really do last long,” Carrie Fairweather said.
Fairweather is a wise woman, according to Consumer Reports. The 2013 Honda Accord was ranked the best midsize car. They start at $23,000 and come with plenty of perks.
“It has a little bit increase in size now, a little bit more versatility with that as well, also the gas mileage is amazing,” Patrick Moloney with Mile High Honda said.
Consumer Reports does extensive testing of the cars. They drive them on the highway, run errands, take them on vacation, and use them to commute to work. They drive them for months, logging thousands of miles.
Other cars that got top billing this year from Consumer Reports are as follows:
– Best budget car: Hyundai Elantra
– Best minivan: Honda Odyssey
– Best sports sedan: BMW 328i
– Best green car: Toyota Prius
– Best compact: Subaru Impreza
“There are a number of reasons why somebody might want to trade for a new car today. One is that interest rates are much lower, and consumer-financed loans for new cars are much more readily available,” Tim Jackson with the Colorado Automobile Dealers Association said.
The used car market has seen a recent decline. One of the reasons new car sales are up this year is because used cars are costing more now — or sometimes the same as a brand new car.
Consumers should shop around. There are still some offers of zero percent financing or 1.9 percent.