Archives – July 8, 2016

Plug-in Cars as the Best Second-hand Car Bargains

640px-Toyota_PHEV_Tokyo_09_2008_(1)You have probably been eyeing a newly launched plug-in hybrid or battery electric car only to be turned off by its price. If so, it would be great to consider exploring your options in the market for used cars. The cost of electric and hybrid, as well as plug-in cars that have been used for 1-3 years has gone down over the last few years. This has made them the best and hottest selling deals around. The approximate price of a new electric vehicle goes down by $3,830 annually with a used vehicle. On the contrary, the traditional gasoline vehicles have dropped by just $242 over the same period. This figure was reported in a study conducted by iSeeCars.com, a second-hand car aggregator.

The Chief Executive Officer of iSeeCars.com said that the used vehicle market may have finally reached its sweet spot with the prices having dropped enough to increase the desirability of these cars. The general population is currently inclined towards second hand vehicles. The lease incentives given by automakers have been lucrative, which has further contributed to the rising figure of used plug-in cars. It implies that the majority of the second-hand plug-in cars in the market qualify for the used car programs offered by automakers. This further makes the deal better.

For instance, the price of a used Nissan Leaf is about half of the original retail price of $30,000. This price is inclusive of a federal rebate incentive of $7,500. A study incorporating more than 2.2 million close-to-new vehicles gave the estimate retail price of a second-hand Leaf as $12,533. The study also reported that out of the ten fastest selling second-hand cars, five of them are plug-in hybrid or electric car models. Toyota Prius was stated as the fastest mover with a sale made in less than 20 days. This is twice the selling speed of a standard second-hand vehicle.

The second fastest seller is Nissan’s Leaf electric vehicle, which took around 24 days to sell. The third seller is Tesla’s Model S that took about 26 days to sell. Other notable fast movers are Lexus CT200H and Toyota’s Highlander Hybrid. The findings obtained are a clear indication that the green car market is gaining popularity. Many people are now choosing green cars instead of traditional gasoline cars. Consumers willing to jump onto the plug-in, electric or hybrid bandwagon have a chance to purchase one at an affordable cost. Used green cars are evidently a great option.

 

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Chevrolet’s 2016 Malibu Hybrid

640px-Chevrolet_Malibu_Hybrid_DCBuyers are shifting from sedans to crossovers, a move that has dropped the market’s car share from 50 to 43 percent within only three years. If the cost of standard gasoline increases to more than $3.60 per gallon, these defectors may again settle for a family sedan that is more fuel-efficient. General Motors used its sharpest engineering tools and brightest minds to slice off close to three hundred pounds from its Malibu. This car falls in the mid-sized category with respect to space for cargo and passengers. For the hybrid model, four cubic feet of trunk space is sacrificed to create room for the battery pack and an intact interior compartment.

The Malibu hybrid will have a retail price of $28,645, with its interior having diamond-pattern upholstery. To add to modern assists and safety alerts, there is a Driver Confidence package worth $1195 as well as Technology and Convenience package costing $895. There’s a center display screen of 7.0-inch and some electric frills like 110-volt current outlet and wireless charging pad. Chipping in a red paint job of $395 dollars coupled with the sticker raises to the retail price to a reasonable $31,130.

Learning from lessons acquired, Malibu hybrid has some components similar to those of the Chevrolet Volt. General Motors incorporates a Voltec drive, a nut combining two electric generators, two clutches, a power inverter, hydraulic control system, planetary gearsets, and hydraulic control system. All these components are confined within aluminum housing. The horsepower of this hybrid car has a capacity of 1.8 liters. Although it is primarily composed of cast iron, there are modern features like variable valve timing, direct injection, as well as roller cam followers to increase the engine’s efficiency.

Driving the Malibu hybrid is a great experience. It shifts through four different hybrid modes and doesn’t use a drone or ruckus. Its execution is exemplary, giving it a feel of a third or even fourth generation drivetrain. It is quite difficult to figure out whether it is the electric motors or engine giving a large portion of propulsion torque. The fully electric range doesn’t exceed five miles using a Hitachi battery pack of 1.5-kWh. Regenerative braking can be increased by changing the transmission lever to L2 from L1 though the difference is hardly noticeable. During the shift to friction-based deceleration from electric braking, the change is insignificant. Basically, the key mission of the Malibu hybrid is fuel efficiency. Its 35 mpg still outcompeted most of the mid-sized hybrids tested.

 

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