CHICAGO, Oct. 11 (Xinhua) -- Auto analysts warned that falling used-car prices last month could become a lasting trend, which may come with major negative implications for future new-vehicle demand in the United States, The Detroit News reported on Thursday. The latest Labor Department report ...
Urbanization and the telecom industry's advancements have enabled online retailing and no-haggle prices, further fueling market growth. Market trends indicate that ownership duration is decreasing, and private-party sales continue to be an essential segment of the used car market. Overall, the used ...
dollars. Used cars recorded an overall increase in prices and a decrease in more affordable stocks as a consequence of the global chip shortage which put the automotive industry at a standstill, affecting the production of new vehicles.
Also:Used Car Prices Are Finally Falling In The United States New carprices are expected to remain elevated through the end of the year, but they could fall between 2.5% and 5% in 2023. That would be a welcome change of pace as J.P. Morgan Research noted the average new vehicle cost ...
Low new-car prices have helped in keeping wholesale used-vehicle prices below year-ago levels in December 2003 in the United States. A high number of retired rental and fleet vehicles returning to the market also contributed to lower prices for used models. December's average used-vehicle ...
If you are going to buy a new car or sell a used car in the United States, Inсaсar is the most convenient online automotive market for this Purpose. Here you can find not only light vehicles that will fully meet your expectations and budget, but also discounted trucks. Our database...
The Used Car Market is growing at a CAGR of 10% over the next 5 years. Penske Cars, Pendragon PLC, The Hertz Corporation, Emil Frey AG and Maruti Suzuki True Value are the major companies operating in this market.
In the fourth quarter of 2023, about 288.5 million vehicles were in operation in the United States, an increase of under one percent year-over-year. The rising demand for vehicles paired with an overall price inflation lead to a rise innew vehicle prices. In contrast,used vehicle pricesslight...
However, the wave may have crested in the U.S., with weekly used-car prices in week 24 increasing by just 0.75%, the lowest weekly rise in four months, according to Black Book. (Image: Shutterstock)
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