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Even Saturn prices are leaving the stratosphere as used-car demand soars

Initially marketed as "a different kind of car company," General Motors-owned Saturn unceremoniously closed its doors in early 2010 after years of slumping sales and degradation of the brand. The firm's star is unexpectedly beginning to rise again as demand for used cars balloons in America, and values of used Saturn models are outpacing the industry average. Citing data provided by Car Gurus, The Drive is reporting that Saturn's transaction prices have increased more than any other carmaker's during the past 90 days. They've gone up by 26.15% since March 2021, and they've skyrocketed by 30.24% since June 2020. For context, Subaru posted increases of 12.13% and 20.26%, respectively, and the industry-wide averages stand at 17.11% and 30.23%. Used cars are more expensive across the board, but luxury models generally gained less value than cheaper models built by mainstream brands. In spite of the increase, Saturn's transaction prices remain the lowest on the market, according to the same source. The average sale is pegged at $6,284, versus $23,734 for Toyota and $17,507 for Kia. One factor undoubtedly influencing this difference is that, as we mentioned, the last Saturn was built over a decade ago. There's no such thing as a late-model Saturn, so all of its cars are lugging around 10-plus years of depreciation. If you want to surf this trend, the most expensive Saturn is the Outlook (2007-2010), an SUV that was basically a GMC Acadia with a different badge. It sells for $6,770, on average. At the opposite end of the spectrum, the humble Ion (2003-2007; pictured) trades hands for $4,446; it dented Saturn's average by losing 0.49% of its value during the past 30 days. What this means in the grand scheme of things is open to debate. What's certain is that more motorists are buying used as the ongoing chip shortage creates delivery delays and leaves dealers with low inventory levels, a situation forcing companies to take unprecedented measures. Ford is offering a $1,000 incentive to keep buyers in the fold, for example. Some might end up with their name on a Saturn title simply because it was the first car they stumbled upon. Others, especially drivers 30 and older, might remember the brand's reputation for building value-packed cars that were vaguely interesting.

Honda wins Commercial of the Decade, but not for the ad you think [w/VIDEO]

Honda's Commercial of the Decade: "Grrr" - Click above to watch video
The mad men at Adweek recently voted for the Commercial of the Decade (Super Bowl commercials not included) and Honda took top honors over memorable ads from the last ten years by companies like Nike, Budweiser and Sony. That's not a big surprise considering Honda often puts a huge amount of effort into its on-air spots. However, the Japanese automaker didn't win for the commercial you might have expected: "Cog." Though Honda's famous commercial that breaks down a European Accord Tourer into a Rube Goldberg-esque machine was also a finalist, it was beaten by another Honda commercial called "Grrr" that's narrated by Garrison Keillor of all people. You've probably never seen it, but you can after the jump.
Volkswagen also made the list of finalists, but the particular ad chosen out of all the comical VW ads we've seen was unexpected as well. Most surprising carmaker with a commercial in the finals: Saturn. Who knew...

Guess when this car will plunge through the ice, win $1,500

In Michigan's Upper Peninsula, a sad-sack Saturn raises money for charity while awaiting an icy fate. The 1998 Saturn is a bright orange beacon inviting folks to make a bet on the coming of spring. When the weather warms up enough and this Saturn sinks, someone is going to take home $1,500. It's the Iron Mountain–Kingsford Rotary Club's annual car-plunge contest, a fundraiser that takes bets on when this car will fall through the ice. The contest had been run in years past and was resurrected in 2015. In the old days, the hapless cars sank to the bottom of the lake, which is actually a flooded old iron mine. In today's more enlightened environmental era, this Saturn is attached to a cable affixed to an anchor on shore, allowing it to be yanked out of the water. It also has been drained of all fluids, degreased, and had its powertrain, battery, and radiator removed (which means it weighs about 1,800 pounds). The lake sits alongside a main highway, assuring maximum visibility for the car and the contest. But it's not only locals who are invited to take a chance; anyone 18 and over can bet via this online link. Ten dollars buys three chances. Whoever most closely guesses the date and time that the Saturn slips under the waves takes home $1,500. Betting closes March 15. The past four years have seen the car fall through on March 17, April 2, April 4, and April 26 — although, as they say, past performance is no guarantee of future returns. And remember: Bet with your head, not over it. Here's video of last year's fateful moment ...