American Auto Producers Enter Consumer Report’s Top Ten

According to Jeff Plungis from Bloomberg, three American automobiles have been selected to Consumer Reports Top Ten list for the first time since the late 1990’s.

Tesla’s Model S, which costs 90,000,  was the number one pick for the second consecutive year. The Buick Regal from General Motors was chosen as Consumer Reports’ best sports sedan, and the Impala from Chevrolet was ranked as the top luxury sedan. Jake Fisher from Consumer Reports notes that for more than a decade American car producers focused on building cheaper and lesser quality automobiles compared to their foreign competitors. However, those are the days of the past. A lot of these American made cars are quite comparable, if not superior, than their European and Asian counterparts.

The independent product-test magazine evaluates these automobiles in a number of different categories including the safety, quality of the interior finish, reliability, and how well they drive. The American carmakers are hoping that these rankings will help boost sales.  The news provides some much need good news for General Motors, which dealt with the aftermath of its ignition switch defect.

Elon Musk, CEO of Tesla Motors

Elon Musk, CEO of Tesla Motors

Tesla, the youngest public carmaker in the U.S.,will have to find some way to increase its capacity for production if it hopes to increase sales.  In fact, the Elon Musk led car maker is the only unprofitable company of the Industry’s twenty biggest corporations.  Although Tesla sold less than 10,000 units in Q4 of 2014, the company boasts a market capitalization of more than $25 billion.  Comparatively, General Motors has a $60 billion market value, and sold nearly 10 million vehicles in 2014.  Although GM’s Buick may not attract as much hype as Musk’s Tesla, Buick did become the first American lineup to enter the Consumer Report’s top 10 list for overall brand quality.

 

 

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