We were on our way to peak minivan in 1995 when, in the comedic thriller Get Shorty, John Travolta’s character Chili Palmer kept passing off his rental Oldsmobile Silhouette as the “Cadillac of minivans” (probably the movie’s most memorable line). Back then, just about every major American and Japanese carmaker offered a minivan. Even the final iteration of the Volkswagen bus was still sold here.
Twenty-five years later, you need only one hand to count the minivans on the market in the U.S. Why? Demographic shifts, in part. But mostly, the decline stems from the emergence of three-row SUVs. Minivan sales have been dwindling for decades as drivers ditch the symbol of suburban surrender, the automotive equivalent of drawstring sweatpants, for something they like to call their “truck.”
But having spent Thanksgiving week hauling my extended family around town in a 2020 Honda Odyssey (MSRP $34,690, EX trim), I am again reminded that when it comes to putting a lot of humanoids in a box, you just can’t beat a minivan. Most of the credit goes to the sliding doors. The ability to not just unlock but open these giant access ports remotely is huge. While still fussing with locking up the house, I could pop open the doors and let the nieces and nephews scramble into the back row, as the elder generation followed into the middle row with far less acrobatics (and grumbling) than when entering any vehicle in my own fleet (which, yes, includes a big three-row SUV).
My friend Jody Danforth Root, who considers herself a big van fan, notes another plus. “My van’s sliding doors meant there was never a wind gust or thoughtless kid that blew the door open, dented the car next to us, and left me paying for someone’s body work,” as happened with her other vehicle, a GMC Yukon Denali, a big ol’ SUV.
This story is from the February 2020 edition of Kiplinger's Personal Finance.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 2020 edition of Kiplinger's Personal Finance.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
FREE HELP FOR COLLEGEBOUND STUDENTS
This program’s mentors assist applicants as they fill out the FAFSA, write essays and more.
WHAT YOU SHOULD KNOW ABOUT SPOUSAL IRAS
You typically need earned income to contribute to an individual retirement account, but a spousal IRA provides an important exception to this rule.
SELLING SHARES? HERE'S HOW TO MINIMIZE TAXES ON YOUR GAINS
ET'S say you've been regularly buying shares in a booming tech company over the past few years, but now you want to start taking some of those profits, perhaps to rebalance your portfolio.
Strategies for Novice Investors
AS part of a lifes kills program for young, single mothers, I was asked to teach a class on how to get on top of your finances.
ANSWERS TO YOUR 529 PLAN QUESTIONS
Thanks to recent policy changes, families have more options for what to do with money sitting in these tax-advantaged accounts.
Rate-Cut Winners and Losers
NOW that the Federal Reserve has cracked the interest rate ice, the next development will be to separate winners from losers.
SHOULD YOU BUY THESE RED-HOT FUNDS?
Covered-call ETFs are popular but come with plenty of caveats.
DIVIDEND STOCKS ARE READY TO REBOUND
Our favorite dividend payers are poised to benefit as falling interest rates lure investors back.
IS A 55+ COMMUNITY RIGHT FOR YOU?
These age-restricted developments appeal to older adults seeking abundant amenities and an active lifestyle.
AT LONG LAST, RATES ARE DROPPING
Consider these portfolio moves now that the Federal Reserve has cut its benchmark interest rate.