According to data from Black Book, there’s a slow but sure downward trend in retail car prices. Interestingly, by September, the retail prices of used cars had wiped out the gains made in 2023 beforehand, bringing them back to the same levels they were at the start of the year. Factors...
With the growing trend in technology, used car vehicle purchase through online sales has become the most preferred choice for customers over the past few years. Moreover, it provides additional facilities to monitor all the required documents, performance, and service records of the vehicle....
"Rising used car prices are a trend that we noticed last summer, and it has really intensified in the past few weeks," said Jessica Caldwell, executive director of insights at car market tracker Edmunds. "You hear numbers that, honestly, I wouldn't pay [$20,000] for a Maxima, especiall...
The article offers information on a study conducted by CarGurus.com on the pricing trend of used cars in metro cities in the U.S. It is mentioned that because of stiff competition, the dealers keep the prices of used cars in the city areas lower than those dealers situated outside of ...
High interest rates and restrictive new car prices have put affordable sedans and SUVs in high demand. To get the most bang for your buck, buyers should be looking at used cars with great resale value. Take this trend and car list into account as you stock your dealership’s inventory ...
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High new vehicle prices and affordability concerns, rise in demand for off-lease cars & subscription service by the franchise, leasing offices, and car dealers, and increasing investment by giant automakers in the market are the major factors that propel the used cars market growth. However, unor...
He said the big issue right now in the used car market is the high demand. Prices have recently been rising on used cars, not going down over time, and that is something you rarely see in the market. Pricing has softened a little since the summer, but Moody said shoppers "shouldn't ...
Q: Used car prices have been dropping for a few months. But there were huge increases during the pandemic. What’s going to happen? A: Over the last two years, on average, car prices have been coming down. I think that that trend is generally continuing. There are seasonal times around...