"New car prices, used car prices, old used cars, trade-ins, I don't care what it is. If you're looking at car anything, it's getting expensive," Edmunds.com senior manager of insights Ivan Drury told FOX Business’Jeff Flock. The car value expert reacted to the recent U.S...
Used-car prices are creeping back up: ‘If you have to buy a used vehicle, now would be a good time’ BYTom Krisher and The Associated Press March 31, 2023 at 1:19 AM GMT+8 With used prices rising again, analysts say buyers who can afford to do so should buy soon. Justin Sulliva...
The car experts at Edmunds have identified five top picks for used car, truck and SUV hybrids based on Edmunds’ testing, fuel economy and overall value. The prices listed are what you can typically expect to pay at a nationwide no-haggle dealership such as CarMax or Carvana. Small car...
The main factor pushing up used car prices in recent weeks is scarcity, according to Edmunds' Caldwell, who said nearly all of the regular sources of used cars have been disrupted by the pandemic. Fewer new car sales in the past year means fewer trade-ins. People are extending their leases...
New car prices skyrocketed by 33% over the last five years and the average transaction price rose to $47,713 in March, according to Edmunds. At the same time, consumers have also been dealing with more expensive financing terms. This combination of factors could grow the demand for more aff...
A“buyer’s strike” is how Adam Joans, an auto analyst atMorgan Stanley, characterized the sales drops — a dynamic that typically foretells lower prices. And indeed, the average used vehicle price in September was down 1% from its May peak, according to Edmunds.com. ...
USED-CAR PRICES HIT THE SKIDS.The article briefly discusses a decline in prices for used cars during 2014, with advice presented from Philip Reed of the automobile Website Edmunds.com on getting the best price for a used vehicle.TuttleBradMoney...
Rising costs mean consumers may have to shift away from the big, tech-heavy vehicles they like and go for more affordable options, like used cars, according to Edmunds. (iStock) Highinterest ratesand rising new car prices may drive consumers to search for more affordable options like used or...
Analysts have expected used-car prices to drop as more off-lease vehicles hit the market. But in the first quarter, the average transaction price of a used vehicle climbed 2.2% year-over-year to $19,657, according to analysis by Edmunds. More from FOX Business Ford, GM assess China tarif...
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