iSeeCars research finds prices of battery-electric vehicles (BEVs) rose 54.3%, while used internal-combustion-engine (ICE) vehicle prices rose 10.1%.
General Motors has asked its dealers to help prevent customers from quickly flipping high-demand vehicles and adding high markups.
Most car shoppers don't fixate on a rock-bottom price, especially if they can avoid long and tense negotiations with fair upfront pricing, according to a report from Edmunds.com.
The NADA Used Car Guide reported this week that wholesale activity steadily returned to normal in April after being impacted by winter storms for much of the first quarter.
The NADA Used Car Guide expects credit conditions to become ‘slightly less favorable’ by the end of the year as finance sources take on more risk.
An excessive supply of used vehicles hitting dealer lots is expected to drive prices down and cause a chain reaction that could raise monthly payments and lower trade-in values.
Greater supply of used cars to end five years of price growth, but officials with NADA Used Car Guide said prices will remain at historically high levels.
Kelley Blue Book’s new website will now display dealer reviews and ratings from DealerRater, the two companies announced last week.
Compliance expert believes that the current regulatory climate could spell the end of the negotiated car purchase and the deal structure that goes with it.
Edmunds.com’s latest findings show used-car prices have fallen to their lowest level in four years. The company attributes the drop to consumers making a post-recession shift back to the new-car market.
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