Buying a used car is appealing as buyers look to get a good deal and save money, especially in this era of rising new-car prices. For many consumers, it makes good financial sense to pay less for a used car that is similar to a new model. Depending on the market segment and the ve...
The latest news on the U.S. used-car market. Catch up on everything from auto auctions to online sales.
In 2023, new car prices, along with used car prices, have been gradually falling (especially in US), influenced by factors such asdealers’ hesitance to buy overpriced cars at auctionand therapid appreciation of older used cars. The decline in prices has led to a shift in the used car ma...
According to ADESA US Analytical Services’ monthly analysis of auction industry used vehicle prices by vehicle model class, wholesale prices in February averaged $14,312—up 4.0% compared to January, down 9.8% relative to February 2023, and up 31.5% versus pre-pandemic/February 2019, as show...
Right now, used-car prices are up an average of 14 percent compared to the spring of 2020, with pickups up the most—27 percent. The average price of a used-car purchase is now nearly $24,000. That's not as bad as new cars, which are going for an average of more than $40,000...
December 2, 2024 at 14:32 AUCTION Fancy Owning Ken Block’s Old Subaru WRX STI Rally Car? Vermont SportsCar built this WRX STI for the Production World Rally Championship December 1, 2024 at 22:15 AUCTION 2,200-Mile Tesla Model 3 Performance ‘Highland’ Sells For $12k Under MSRP An...
Negotiating used car prices with a private seller could lead to a better deal, but keep in mind that you may not get any type of warranty with the purchase. Negotiating Used Car Price With Dealers There are some advantages to purchasing a used vehicle from a dealership instead of a private...
As we embark on another exciting year, we want to extend our heartfelt gratitude for your unwavering support that made Picknbuy24 one of the top online car shops in 2023. This year, we're thrilled to introduce an enhanced shopping experience with even more irresistible deals and an upgraded...
“There’s definitely going to be an upward adjustment in [used car] prices,” Charles Munyori, the secretary-general of the Kenya Auto Bazaar Association (Kaba), which represents used car dealers, told theBusiness Daily. “This is because the use of 65 percent depreciation as opposed to...
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. ...