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IntelliChoice Value Rating
The chart above shows the purchase price versus ownership cost for each car from a specific vehicle class. The cars with better than average ownership cost/purchase price correlations are the best values, and these best value cars are represented by the dots below the curve. (i.e. the cars that have a lower ownership cost compared to its purchase price.) Those cars, which are worse than average or poor values, appear above the curve.
One way to view the graph is to draw a vertical line through any purchase price. You may see several dots that fall on this line - each of which is a car with a similar purchase price. However, notice the difference in ownership costs of each car represented by the vertical position of the dot. Two cars with the same purchase price can have thousands of dollars difference in ownership costs. This is what separates "good value" cars from "poor value" cars.
What is a good car value?
A "good car value" is one whose cost to own and operate is less than expected. The lower the cost to own and operate a car compared to what is expected, the better the value of that car.
But how do we know a car's "expected cost"?
For each car in the class, IntelliChoice plots the car's purchase price against the total five-year cost to own and operate it as determined by IntelliChoice research. Each dot on the above chart represents a specific car. Generally, we find that as the purchase price of the car increases, the cost to own and operate that car increases. This is why the dots on the graph tend to rise upward and to the right. This phenomenon also makes intuitive sense - as the purchase price rises, financing costs tend to rise, as do insurance, depreciation, taxes, and most other car ownership costs.
This is an important concept. It's normal for car ownership costs to rise as purchase price rises. Therefore, we can't just establish one "average" ownership cost number for each class, since cars in the class have different purchase prices. (This is why the "Relative" shown on each chart is different for cars in the same car class.)
Using statistical techniques, IntelliChoice "connects the dots" to form a curve that defines, for this car class, the relationship between the car's purchase price and car's ownership costs. This curve is our "expected cost" curve. The curve defines, for any car in the class, the five-year ownership cost that we would expect to see at each possible purchase price. If every car in the class were an average value, then all the dots would fall exactly on the curve. However, it's rare that any dot is exactly on the curve. Some dots are a little higher or lower, and some are a lot higher or lower. The dots that are a little lower are better than average car values, while the dots that are a lot lower are excellent car values (A dot that is a lot lower than the curve has ownership costs much lower than expected for a car of its purchase price). Conversely, a dot a little higher than the curve is a poorer than average car value, while a dot that is much higher than the curve is a poor car value.
Value is a relative term, not an absolute term. It is performing better than the logical expectation.
So is a Mercedes-Benz E320 expensive to own and operate? Certainly in an absolute sense. Most other cars cost less. But, when its cost to own and operate is plotted against cars with comparable invoice prices, the E320 costs less. So the E320 is not expensive to own and operate - it is a good car value. The Mercedes does not have low ownership costs, but it has low ownership costs for its invoice price.
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Nissan Xterra Recalls
| Recall Date: |
DEC 13, 2007 |
| Component: |
SERVICE BRAKES, AIR:ANTILOCK:CONTROL UNIT/MODULE |
| Model Affected: |
XTERRA |
| Units Affected: |
10481
Recall Details
|
Recall Date:
DEC 13, 2007
Model Affected:
2008 NISSAN XTERRA
Summary:
CERTAIN CONTINENTAL AUTOMOTIVE ABS AND ESC CONTROL MODULES SOLD FOR INSTALLATION ON THE VEHICLES LISTED ABOVE. SOME OF THE HYDRAULIC VALVES IN THE ESC MODULE WERE BUILT WITH EXTRA CHECK BALLS.
Consequence:
THE EXTRA CHECK BALLS CAN RESTRICT THE FLOW OF BRAKE FLUID THROUGH THE VALVE AND CAUSE REDUCTION OF BRAKE FORCE.
Remedy:
EACH VEHICLE MANUFACTURER WILL FILE A DEFECT REPORT AND REMEDY PLAN FOR THEIR VEHICLES WHICH INCLUDED THESE MODULES AS ORIGINAL EQUIPMENT. VEHICLES WILL BE REPAIRED AT NO COST TO THE OWNER. OWNERS CAN CONTACT EITHER THEIR VEHICLE MANUFACTURER OR CONTINENTAL AUTOMOTIVE AT 248-393-5300 FOR FURTHER INFORMATION.
Units Affected:
10481
Notes:
CONTINENTAL AUTOMOTIVE SYSTEMS
| Recall Date: |
JAN 25, 2008 |
| Component: |
EQUIPMENT:OTHER:LABELS |
| Model Affected: |
XTERRA |
| Units Affected: |
5523
Recall Details
|
Recall Date:
JAN 25, 2008
Model Affected:
2008 NISSAN XTERRA
Summary:
NISSAN IS RECALLING 5,523 MY 2008 TITAN, FRONTIER AND XTERRA VEHICLES FOR FAILING TO COMPLY TO THE REQUIREMENTS OF FEDERAL MOTOR VEHICLE SAFETY STANDARD NO. 110, 'TIRE SELECTION AND RIMS FOR MOTOR VEHICLES.' THE TIRE PLACARD LISTS AN INCORRECT VEHICLE CAPACITY WEIGHT.
Consequence:
THIS STANDARD SPECIFIES REQUIREMENTS FOR TIRE SELECTION TO PREVENT OVERLOADING.
Remedy:
NISSAN WILL MAIL A CORRECT TIRE PLACARD AND INSTALLATION INSTRUCTIONS TO OWNERS OF THE AFFECTED VEHICLES. THE RECALL BEGAN ON FEBRUARY 25, 2008. OWNERS MAY CONTACT NISSAN AT 1-800-647-7261.
Units Affected:
5523
Notes:
NISSAN NORTH AMERICA, INC. R0802
| Recall Date: |
NOV 16, 2007 |
| Component: |
SERVICE BRAKES, HYDRAULIC:ANTILOCK:CONTROL UNIT/MODULE |
| Model Affected: |
XTERRA |
| Units Affected: |
1115
Recall Details
|
Recall Date:
NOV 16, 2007
Model Affected:
2008 NISSAN XTERRA
Summary:
ON CERTAIN SPORT UTILITY VEHICLES, THE ANTILOCK BRAKE SYSTEM/VEHICLE DYNAMIC CONTROL (ABS/VDC) ACTUATOR IS DESIGNED WITH ONE BALL IN THE VALVE SECTION. SOME ABS/VDC ACTUATORS WERE MANUFACTURED WITH MORE THAN ONE BALL IN THE VALVE.
Consequence:
IN ABS/VDC ACTUATORS WITH MORE THAN ONE BALL, IT IS POSSIBLE THAT FLUID FLOW COULD BE BLOCKED AND CAUSE A REDUCTION IN BRAKE FORCE IN ONE OR BOTH FRONT WHEELS OR AFFECT OPERATION OF THE ABS AND/OR VDC. THIS COULD RESULT IN A REDUCTION IN BRAKE EFFECTIVENESS WITHOUT WARNING INCREASING THE RISK OF A CRASH.
Remedy:
DEALERS WILL REPLACE THE ABS/VDC ACTUATOR WITH A NEW ONE. THE RECALL BEGAN ON DECEMBER 31, 2007. OWNERS MAY CONTACT NISSAN AT 1-800-647-7261.
Units Affected:
1115
Notes:
NISSAN NORTH AMERICA, INC.
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