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...
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"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...
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 ...
Facilities such as an enormous number of photos and videos on the online platform and an easy online instant finance service are drawing more customers into buying used cars. With the growing trend in technology, used car vehicle purchase through online sales has become the most preferred ...
It has led to increase in both wholesale prices of late-model used vehicles and long-term values of new cars and trucks. This trend is offset by projected increases in supplies of off-lease and commercial-...
Furthermore, an increase in car prices is making its way back to the Used/Second hand cars market. Therefore, the automotive market has witnessed an increase in the number of sales for used vehicles as compared to new vehicle sales. This is anticipated to fuel the demand for used vehicles ...
On the flip side, summer is probably the worst time to shop for a used car if you're looking for a deal. Father's Day and July 4th as well as Memorial Day tend to bring fewer deals than average, and the months of June, May, and July reflect that larger trend as well. ...
The progressing number of new cars launched in the US car market will cause the average ownership cycle per car to reduce over the forecast period. This trend will be beneficial to car buyers because they would purchase vehicles that did not have significant use during the previous ownership ...
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