Car of the year

The panel of 59 automotive journalists which decide each year's European Car of the Year have narrowed down their selection from the initial list of 38 contenders to just seven finalists, which have now been announced. Along the way, some noteworthy new vehicles have been forsaken, among them the new Audi A4, BMW 7 Series, Honda Accord, Jaguar XF and Volkswagen Scirocco, but not everyone could make the short-list. Otherwise it wouldn't be a short list.

Nissan has hit a major home run with its latest Skyline, known as the GT-R here in the States. In fact, the car was knocked so far out of the park that it seems an obvious choice for anyone's Car of the Year. Nissan's latest supercar boasts enough performance to take on the best from the rest of the world regardless of price, making it an amazing value despite costing upwards of $80,000. As such, the new GT-R has been awarded the Car of the Year trophy from Automobile Mag. Who are we to argue?

Isn't it nice when everyone gets along? Every year, rather than naming their own selection, several of the largest automotive publications in Europe get together and pick their Car of the Year. A list is compiled of all eligible bachelors nominees, then the list is narrowed down to a handful (usually seven or eight) finalists before the single winner is announced.

The 2008 Chevy Malibu has snatched up awards and media accolades, and JD Power data shows that customers are paying Chevy dealers handsomely to own one. The average transaction price of a Chevy Malibu is $22,358 -- $5,000 higher than the inherently uncool last-gen 'Bu. Twenty-one percent of buyers are also opting for the top-of-the-line LTZ vs. only 5% for the outgoing model.