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Chevy Aveo named Most Economical New Car

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Hybrids great on gasoline savings but not expense, study finds

Based on $5-a-gallon fuel, Edmunds.com ranks the gas-only Chevrolet Aveo hatchback No. 1 in terms of total ownership cost. Honda's partly electric-powered Civic comes in 10th, while Toyota's Prius is 26th.

By Martin Zimmerman | Los Angeles Times Staff Writer

June 26, 2008

Beating out hybrids, the Honda Fit made it to the top of Consumer Reports' list of 10 most economical new cars. It ranked third on a similar list from Edmunds.com. (Honda)

Hybrids may be tops when it comes to saving gasoline, but they're far from the best choice for budget-conscious car buyers, a new study says.

The four-door hatchback Chevy Aveo from General Motors Corp. leads the ranking of the best new-car values in terms of "total ownership cost" as calculated by automotive data firm Edmunds.com, based on $5-a-gallon gas. The highest-ranked hybrid was the Honda Civic at No. 10. The Toyota Prius hybrid -- No. 1 in the government's fuel economy rankings -- came in 26th.

Hybrids, which are powered by both an electric motor and a gasoline engine, typically get better gas mileage than their non-hybrid counterparts but carry higher price tags.

A 2008 Aveo hatchback with manual transmission lists for $10,235 and is rated by the Environmental Protection Agency at 27 miles per gallon in combined city-highway driving. The Prius, by contrast, has a combined fuel economy of 46 mpg and a suggested retail price of $21,500 -- and typically sells for thousands of dollars above that because of high demand.

Related links

Edmunds.com's 10 most economical new cars Photos

Consumer Reports' 10 most economical new cars Photos

Economical vehicle rankings by Edmunds.com vs. Consumer Reports The study's purpose "isn't to discourage people from buying hybrids," said Jesse Toprak, head of industry analysis for Santa Monica-based Edmunds.com. However, "consumers ought to consider regular-engine small cars if their goal is just to save money."

The Edmunds.com findings are at odds with a recent analysis by Consumer Reports, which ranked both the Prius and the Civic hybrids among the 10 cars that the offer "the best fuel economy for the buck."

Consumer Reports only included vehicles that get its "recommended" rating, which is based on reliability, safety, handling and other factors in addition to sales price and fuel economy. That's part of the reason the Aveo and the Toyota Yaris didn't make Consumer Reports' fuel-economy cut.

"We didn't want to send people to cars that are going to let them down in other areas," said Rik Paul, the magazine's auto editor.

One car-shopping strategy that's almost certain not to make sense financially is to trade in a late-model sport utility vehicle or pickup truck for a smaller, more fuel-efficient vehicle. Because of plummeting demand, trade-in values on these gas guzzlers have been falling fast -- some dealers won't accept them at all -- and that can wipe out the gas savings achieved by switching to a smaller car, auto research firm Kelley Blue Book Co. said in a report last month.

Toprak noted that many people buy hybrids because of the cars' environmentally friendly image or other reasons unrelated to economics.

"At least 50% of all automotive purchases are not based on financial considerations," he said. "Its a very emotional purchase that doesn't always involve numbers."

Newsday Article Link

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27 mpg combined is ridiculously low for such a tiny car....what's the problem?

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27 mpg combined is ridiculously low for such a tiny car....what's the problem?

Yes, it's not very good. However, GM should shout this survey from the rooftops.

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27 mpg combined is ridiculously low for such a tiny car....what's the problem?

evidently nothing or not enough for CR hopefully the new engine helps that some. too bad gm doesn't have a 5 speed auto like honda does.

what's the next vehicle (platform) that gets a 6 speed anyway?

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:AH-HA_wink:

We were advised of this a couple months ago. The '09 Aveo will show a 7-10% fuel mileage improvement, which will elevate it to the rest of the pack. The trouble, IMO, is this is not a GM transmisison. The Yaris also has a 4 spd auto, but gets better mileage. The '09 Aveo will have quite a few engine improvements, but I wish they would ditch the tranny for something else.

But the naysayers will still say the Aveo is a piece of crap. :rolleyes:

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Obviously CR had to skip over quite a few cars to list their "reccomended" tC with its 21/29 rating. :scratchchin:

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note that the yaris and aveo have the same CR rating in their latest issue. and toyota is better?

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I'm surprised the Aveo beat out the Accent and Rio, which to my knowledge are the only practical cars that are cheaper than the Aveo.

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I'm surprised the Aveo beat out the Accent and Rio, which to my knowledge are the only practical cars that are cheaper than the Aveo.

Define 'cheaper.' The Rio is being advertised at $9,995 in Canada, but with freight, taxes, fees and bank rate financing, the Aveo (0% financing, 72 months) is far cheaper at $12,995. I doubt many Rio buyers have cash.

In any case, this study is probably not entirely accurate. How many 5 spds with no a/c do Kia or Chevrolet sell? I would venture to say not many. The variables in studies like this are all over the map: individual insurance, driving habits, climactic conditions, and other variables could greatly the effect of an individual's outcome.

Still, it does tend to strengthen what I have been saying all along: one cannot assume the imports are 'better.' Every case is different.

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But the naysayers will still say the Aveo is a piece of crap. :rolleyes:

You're right! It IS still a piece of crap! (How do you think they can sell it for that low of a price?)

8)

I'll congratulate GM on topping this list.....it's just too bad it was with such a $h!box......

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It if really came down to it and I had to buy a new sub-$10,000 high-mpg vehicle, I would go pick up a CBR600RR. :thumbsup:

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It if really came down to it and I had to buy a new sub-$10,000 high-mpg vehicle, I would go pick up a CBR600RR. :thumbsup:

I'd spend 5k on something I actually like and the other 5k making it what I want it to be instead.

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It if really came down to it and I had to buy a new sub-$10,000 high-mpg vehicle, I would go pick up a CBR600RR. :thumbsup:

I know a few people who have considered going from 2 cars in the garage to a car and a motorcycle. Seems like a great idea for commuting, as long as the weather cooperates. And yes, Carbiz, the Aveo is a piece of crap. It may have a lower cost of ownership than a Prius, but nobody will cross-shop the two. The Prius is far larger and gets far better mpg. And, oh yeah, it doesn't suck.

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You're right! It IS still a piece of crap! (How do you think they can sell it for that low of a price?)

8)

I'll congratulate GM on topping this list.....it's just too bad it was with such a $h!box......

Drive the new Yaris and then the '09 Aveo back to back, then you can talk...............

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Everyone here is acting all tough and puffed up. Just wait until $8 a gallon comes, then see attitudes adjust...ever so slightly.

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Everyone here is acting all tough and puffed up. Just wait until $8 a gallon comes, then see attitudes adjust...ever so slightly.

One good hurricane in the Gulf of Mexico and it will jump to 6 bucks a gallon overnight.

Edited by Pontiac Custom-S
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One good hurricane in the Gulf of Mexico and it will jump to 6 bucks a gallon overnight.

And I hear it is going to be a good hurricane season...

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I know a few people who have considered going from 2 cars in the garage to a car and a motorcycle. Seems like a great idea for commuting, as long as the weather cooperates. And yes, Carbiz, the Aveo is a piece of crap. It may have a lower cost of ownership than a Prius, but nobody will cross-shop the two. The Prius is far larger and gets far better mpg. And, oh yeah, it doesn't suck.

One of my coworkers has been whining about the gas prices...he has a Tahoe, his wife an Escalade...he's been riding his Harley alot lately and letting the Tahoe sit.

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I know a few people who have considered going from 2 cars in the garage to a car and a motorcycle. Seems like a great idea for commuting, as long as the weather cooperates. And yes, Carbiz, the Aveo is a piece of crap. It may have a lower cost of ownership than a Prius, but nobody will cross-shop the two. The Prius is far larger and gets far better mpg. And, oh yeah, it doesn't suck.

I agree. One car and motorcycle is a way to go. Even a Liter bike gets about 45 mpg city and plus fun to drive than the 9,999 POS.

Why is that small, cheap, efficient cars that are fun, full of ammenities and exciting mutually exclusive?

And I hear it is going to be a good hurricane season...

So they said last year and year before last. So as long it rains as it has rained consistently in southeast for past couple of weeks, the GoM will stay cool for hurricanes to lay low.

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I've got a friend who just went through a divorce and ended up with the F-150 Crew Cab his wife made him buy about a month before they got married. The thing gets awful mileage, and he's had nothing but problems since he put a new exhaust on it. He's also got an 80's Mustang GT convertible, which isn't even close to being drivable, so he's really hurting when it comes to paying for gas. He has been talking about getting a bike for some time now, but hasn't pulled the trigger. It makes sense for him.

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I've got a friend who just went through a divorce and ended up with the F-150 Crew Cab his wife made him buy about a month before they got married. The thing gets awful mileage, and he's had nothing but problems since he put a new exhaust on it. He's also got an 80's Mustang GT convertible, which isn't even close to being drivable, so he's really hurting when it comes to paying for gas. He has been talking about getting a bike for some time now, but hasn't pulled the trigger. It makes sense for him.

Tell him to jump the gun and get it. He will not be disappointed. Kawi Ninja ZX10 or Suzuki Gixxer 1000, heck I have heard even the Honda CBR 1000 is a very good bike.

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And I hear it is going to be a good hurricane season...

They say that EVERY year. Then it happens one year in 50 and they say, "See?!"

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Why is that small, cheap, efficient cars that are fun, full of ammenities and exciting mutually exclusive?

because mini's or something a little bigger don't have small turbo's for cheap. lol

maybe 2/3s of those needs will come with the Groove....the amenities will cost about 2K more but add just enough weight to make it less fun to drive. :(

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MINI Coopers are fun to drive, but the Cooper S is indeed more fun, the extra power does that. But yeah, just like the Astra, they're not cheap.

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