Vehicle repossessions are rising as the result of lenient lending practices before the economic downturn. But those additional vehicles re-entering the marketplace are not dragging down used-vehicle prices, industry experts say. That's because the market overall has fewer used vehicles. New-car ...
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...
“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...
Moreover, the rising adoption of used cars from unorganized vendors, as prices and terms can be more flexible, is propelling the market growth. Organized vendors are established and well-structured companies, such as franchised dealerships, certified pre-owned programs, and large used car retailers...
The rising demand for vehicles paired with the automotive semiconductor shortage means that used vehicle inventories are declining. As a result, used vehicle prices and new vehicle prices are expected to increase. E-commerce: a solution for the bumpy road ahead? Financial reports have revealed ...
Used NISSAN Engines Nissan is a cool car that is sold worldwide and offers good value for money. There are various models of Nissan cars that are sold in the market. These cars offer a lot of comfort and quality services. A subsequent part of car owners have Nissan cars. The rising ...
When incomes are rising, new car sales increase while used car sales decrease. This indicates thatA.used cars and new cars are both normal goods.B.used cars are inferior goods and new cars are normal goods.C.used cars and new cars are complements.D.used
The reason, said Edmunds analysts, is that a constant and large supply of three-year-old cars coming off lease is keeping prices for those cars low even as new-car prices rise steadily. The biggest savings are found in the categories of luxury midsize cars, small cars and large cars, Ed...
This has driven up prices to the point that a “lightly used” car is now 1.3%, or $533, more expensive than its new car counterpart, according to a February study by car search engine site iSeeCars. And that’s just the average. Used vs. new A typical used, year-old Mercedes-Benz...
Mad-rising oil prices, pollution increased greenhouse effect more and more obvious.. ... It makes a number of private car owners worried. So they came up with a good idea is to carpool. Meaning more people used a car to work. It is to ensure that the benefits of travel convenience; ...