You have your new car and got it at a great price, but will it cost you more money in repairs in the long run? According to a new report from CarMD about which cars cost the least to repair, Toyota (NYSE:TM) took the top spot, despite its many recalls. Hyundai, who has had flourishing sales this year, came in second. Rounding the top ten were Honda (NYSE:HMC), Ford (NYSE:F), General Motors (NYSE:GM), Mitsubishi, Nissan, Kia, Volkswagen and Chrysler.
CarMD is a diagnostic and repair website that collects repair data from its network of 3,000 U.S. mechanics. The report covers models from 2001-2011, but mainly repairs made in the last year. The report found that Luxury brands fared worse due to recurring repairs not high costs. Hyundai has made great strides in low repair frequency. Ford’s Edge SUV had strong performance. Buick stood out for General Motors.
CarMD also offers a list of which repairs are most frequent for individual car brands. The goal of the website is to make sure consumers know what they should be paying for repairs. They have a device, costing $119 that plugs into the diagnostic system on your vehicle to detect problems.
Here’s how these stocks are trading on the news:
- Toyota Motor Corp. (NYSE:TM): The shares recently traded at $64.09, down $0.22, or 0.34%. Its market capitalization is $100.48 billion. They have traded in a 52-week range of $63.60 to $93.90. Volume today was 334,350 shares versus a 3-month average volume of 1,083,930 shares. The company’s trailing P/E is 38.66, while trailing earnings are $1.66 per share. About the company: TOYOTA MOTOR CORPORATION manufactures, sells, leases, and repairs passenger cars, trucks, buses, and their related parts worldwide. The Company also operates financing services through their subsidiaries. Toyota Motor builds homes, produces pleasure boats, and develops intelligent transportation systems including radar cruise control and electronic toll collection systems. Get the most recent company news and stock data here >>
- Ford Motor Co. (NYSE:F): The shares recently traded at $10.98, down $0.04, or 0.36%. Its market capitalization is $41.71 billion. They have traded in a 52-week range of $9.05 to $18.97. Volume today was 37,424,830 shares versus a 3-month average volume of 65,158,000 shares. The company’s trailing P/E is 6.58, while trailing earnings are $1.67 per share. About the company: Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary. Get the most recent company news and stock data here >>
- General Motors Corporation (NYSE:GM): The shares recently traded at $23.42, up $0.43, or 1.87%. Its market capitalization is $36.64 billion. They have traded in a 52-week range of $19.05 to $39.48. Volume today was 12,200,546 shares versus a 3-month average volume of 13,859,700 shares. The company’s trailing P/E is 5.12, while trailing earnings are $4.57 per share. About the company: General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services worldwide. Get the most recent company news and stock data here >>
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