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Lane watch: What only appreciating vehicle segment might be saying about market

Auto Remarketing

Perhaps it’s jumping to conclusions, but the only segment in Black Book’s tracking to squeeze out a wholesale value uptick last week might relate to vehicles in position to solve one of the pressing current challenges to get cars financed and retailed. As July comes to a close, the depreciation rate is stabilizing.

Vehicle 105
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AAA survey shows sagging interest in EVs

Auto Remarketing

adults report being very likely or likely to purchase a fully electric vehicle (EV) as their next car. According to a news release from AAA, thats the lowest percentage recorded of EV interest since 2019. Power , results from AAAs latest survey released on Tuesday indicated that only 16% of U.S. The percentage of U.S.

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My Garage Is Too Small For My Car! What Should I Buy?

Jalopnik

Dylan just bought a house in the San Francisco metro, the downside is that the garage is a bit too small for his 2019 RAV4. Since his girlfriend will be driving a more practical car, he wants something fun that can fit in the garage. With a budget up to $30,000 what car should he buy? Read more.

Car 61
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How End-of-Year-Sales May Impact Auto Finance Digital Transformation Strategies

AutoSuccess

In addition, the government’s decision to reenact student loan payments might put additional pressure on new car sales, particularly among younger demographics. The latest auto finance digital transformation index data illustrates where the industry stands in this operational journey.

Finance 52
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Used car prices fall again in July, down nearly 20% from pandemic highs

Autoblog: Repairs

Vehicle prices continued a downward trend in July — the most of any major category in the Consumer Price Index (CPI) over the last year as the car market continues its return to "normal" following pandemic-fueled inflation. Used car prices fell 2.3% New car prices fell 0.2% Prices for used cars and trucks are still 16.9%

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Americans Are Driving Less, But Buying More Cars

Jalopnik

When the world shut down in early 2020 , the whole idea of “driving a car” ground to a halt for a lot of people. But while the amount Americans drive has yet to reach the heights of 2019 — the… Read more. All those hours that would’ve been spent commuting, stuck in traffic, were now spent at home nurturing sourdough starter.

Car 59
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If You Bought A Tesla One Year Ago It Has Lost As Much As $40,000 In Value

Jalopnik

“Buying a car today is an investment into the future. Elon Musk said that in 2019 , and like many of his bold vision statements, has continually been proven wrong every minute of… Read more. I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset, not a depreciating asset.”

IT 72