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Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
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SEARCHMENUSEARCHThe Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
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But analysts predict used vehicle prices will remain higher than pre-pandemic prices for years to come.
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Kia breaks its November record, Subaru leads pack with 52% jump.
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Last week was a short week with the Thanksgiving holiday, and the auction results reflected this with the level of declines continuing, but at the lowest level we’ve seen since the third week of July.
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The Vietnamese automaker has shipped 999 cars to the United States. The vehicles are expected to arrive in December.
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Carmaker lays out plan to help dealers transition to electrification, with no investment targets specified.
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Hyundai may not maintain its EV sales momentum if it can no longer qualify for U.S. tax credits under the Biden Administration’s Inflation Reduction Act.
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For the first time in recent history, some vehicles have appreciated in value or depreciated less than expected, finds a recent iSeeCars study.
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Pied Piper Management Company research shows local new car and truck dealerships outperform factory direct sales in customer satisfaction.
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Dealers say 14-day guarantee helped fuel industry-rare increase.
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Report shows interest rates, continued high prices cramping volume.
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