Ransom E. Olds introduced the Curved Dash Olds, a single cylinder engine with tilted steering a chain drive, in 1901. Six-hundred were sold. Three years later, Olds' company sold 5,000 models and the mass production auto industry was on its way. While the Curved Dash Oldsmobile was the first mass-produced gasoline car, some models have been trendy throughout the years while others have been duds. Then there are a select few models that have remained popular with consumers year after year.
Since 1966, the Corolla has been a mainstay in the industry. The design has never been flashy, but its fuel efficiency (currently 35 mpg) and affordability have made it the top seller of all time with 43 million cars sold so far. The base model currently sells in the high $16,000 range. The Corolla is also one of the most reliable and long-lasting vehicles, with some consumers reporting nearly 200,000 miles on their odometers.
This pick-up truck, which made its debut in 1948, has been the best-selling vehicle in America for the past 35 years. The F-series has claimed the No. 2 spot on the all-time favorite automobile list with 35 million models sold since 1948. The average price for the base model is $30,000. The F-Series has been a main stay in the Truck industry and has lasted the test of time. Since its inception, The Ford F-Series has evolved to not only produce huge horsepower and torque, but Ford has also taken into account the growing concern of the fuel economy by producing a more fuel-efficient truck.
Originally branded as the Rabbit when introduced in 1974, the Golf is Volkswagen's most inexpensive model starting at a price of around $19,000. To date, more than 30 million of these four-cylinder sedans have been sold. U.S. News and World Report ranked it No. 8 on the list of affordable compact cars. It is also available with a diesel engine. The Golf is also known as a quick and fun car. Its small wheel base and great handling have made it a wonderful car to drive.
The "Bug" hit the scene in 1933 with very little change to its design, and has been a well-loved car for decades, selling an estimated 25 million. Walt Disney further idolized the car by producing the movie "The Love Bug" in 1968. The Volkwagen Beetle has had global success selling all over the world. Volkswagen re-introduced a newer, sleeker model in the 1990s, and it quickly became a favorite for a new generation. Base price is just over $21,000, with a turbo model running about $10,000 more. It continues to remain one of the most recognizable cars in the world.
More than 20 million Escorts have been sold since 1968, despite it being taken off the production line in 2000. To compete with Japanese cars which were dominating the compact-car scene, Ford introduced the Escort in a two-door hatchback or four-door wagon models. After several design tweaks to the engine and body, the Escort was considered by the mid-1990s to be a solid compact car for the price (base under $12,000). Its successor is the Ford Focus which is now one of Ford's global names. The Focus is sold on a large scale all over the world as car buyers look for more fuel economic vehicles.
The auto industry has produced millions of cars and hundreds of different models in its more than 100-year history. Year after year, consumers' wants and needs in a car have been directed towards economical and reliable vehicles.
InvestingAssuming Amazon, based on the data it compiles from Dash, can anticipate customers' orders, that can mean even bigger profits in the years ahead.
Managing WealthAs time has passed, have car prices gotten reasonably more expensive or gone above inflation?
Personal FinanceWhen you buy a new car, make sure you are getting the best deal possible with these tips.
TaxesEven the most frugal drivers have a tipping point. Is it time for a new car?
Personal FinanceA look under the hood of long-term car loans.
Personal FinanceSometimes buying a new car can be cheaper than shelling out for repairs.
InvestingWhy are prices quoted by dealers and private sellers so disparate? Read on to find out how to use that info to your benefit when buying a used car.
Personal FinanceUnderstand the benefits of buying a used car. Learn about seven mistakes to avoid before making a used car purchase.
Personal FinanceBuyers are financing more than ever for new cars - and paying double the interest for used ones.
InvestingThe electric car maker's used Model S vehicles sell faster and at a higher premium compared with other luxury car models.