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Electric vehicles are changing how we think about cars, including how they are maintained and detailed. At ATC Cambridge, students gain hands-on experience working on various vehicles, preparing them to handle the unique needs of electriccars. However, EVs bring their own set of challenges and considerations.
Usedcar prices are rising. For most usedcars, anyway. million usedcars showed the Model S one of four Teslas on the list lost an average of 17.2% million usedcars showed the Model S one of four Teslas on the list lost an average of 17.2% The analysis of the retail prices of 1.4
While the Southeast recovers from the devastating impacts of Hurricanes Helene and Milton, their lingering effects are still being felt in the usedcar market. For those in the market for a used vehicle, this means extra caution is necessary. earlier this year.
With that in mind, CARFAX has added month-over-month insights to its UsedCar Index reports, the first major change in these recaps since their April 2023 debut. They were followed by pickup trucks (down 6.1%), SUVs (down 5.2%), luxury SUVs (down 4.6%) and cars (down 4.5%). Luxury car prices were down 2.1%
On Tuesday, Cherokee Media Group officially announced plans to host the UsedCar Industry Summit on April 13-15 at Miami’s premier waterfront destination: the luxurious InterContinental Miami. Built on the success of UsedCar Week, the UsedCar Industry Summit will highlight the best of the used-car industry.
Electric vehicles are changing how we think about cars, including how they are maintained and detailed. At ATC Montreal, students gain hands-on experience working on various vehicles, preparing them to handle the unique needs of electriccars. However, EVs bring their own set of challenges and considerations.
It’s electric vehicle chargers. A major focus of our new conference — the UsedCar Industry Summit , set for April 13-15 at the waterfront and luxurious InterContinental Miami — will be usedelectric vehicles. Even the “Bo’s Bird Dog,” which is a fried chicken strip in a hot dog bun.
It was, however, a bit unexpected to find an electric vehicle in the top 30, and two EVs among the top 75. million usedcar sales from the past five model years to identify the most popular usedcars bought in 2024. As has become expected, Fords F-150 pickup was the top-selling used vehicle in the U.S.
. “We’re looking at poor used supply the next four years, he warned at the Talk Auto event in Vaughan, Ontario, in the fall. So when examining whether or not manufacturers will start to bring those vehicles into showrooms as usedcars, its not a bright picture. million vehicles, Ross observed.
Looking for an affordable usedcar? You might want to go electric. The latest research from iSeeCars shows used EV prices fell 15.1% million usedcars sold from February 2024 to February 2025 found the average price of 1- to 5-year-old used vehicles have stabilized, down less than 1.5%
Battery electric vehicle (BEV) owners have been feeling the heat for quite some time. However, we now have another study that proves these cars are the best shot anyone has at losing money with automobiles. " Although luxury vehicles are also a money pit, BEVs take the crown when it comes to depreciation. continue reading. )
Similarly, a sudden drop in usedcar prices from post-COVID highs resulted in many vehicles not being repaired. For instance, as vehicles become more complex, the cost of repairing crash parts with all the added sensors and technology might lead to higher total loss ratios as these cars depreciate.
Following their visits to NADA last month, we have a more thankful nation of car dealers. Battery Electric Vehicles growth is estimated to increase, interest rates are becoming more favorable for consumers and an optimistic economy bodes well. Every acquisition in this usedcar market must lead to a profit per vehicle outcome.
Among those top findings, CarGurus indicated used inventory has reached multi-year highs, but value has been redefined. For shoppers in the market for a usedcar costing less than $20,000, analysts acknowledged options are increasingly older and higher mileage.
While the lack of public charging facilities is one of the most cited reasons by consumers for not considering an electric vehicle, most EV owners say they dont need or use them. of its used-car retail sales in 2024, well above the 1.3% share of the overall used market shown in Kelley Blue Book and MarketCheck data.
We continue our episodes of the Auto Remarketing Podcast originating from UsedCar Week 2024 in Scottsdale, Ariz., with a lively debate about the future of electric vehicles. Listen to the episode in the window below and stay tuned for more from UCW 2024.
Pickup trucks and electric vehicles/hybrids. But in June, they have dominated used-vehicle price increases. According to the latest Carfax UsedCar Index , used pickup prices climbed almost $1,100 month-over-month in June, which is their steepest price swing in over two years.
The mix of used-vehicle inventory at the time of the survey was good, according to both franchised and independent dealers. Mixed Views on Electric Vehicle Sales and Market Expectations Dealers’ views on electric vehicle (EV) sales improved in Q1 compared to the previous quarter and last year. Dealer Sentiment on U.S.
The year started off with expectations there might be a return to normal in the used-car market. At Black Book, the Used Vehicle Retention Index came in at 146.3 Unresolved issues include tariffs, interest rates and incentives for electric vehicles. The Manheim Used Vehicle Value Index, meanwhile, came in at 205.6,
The report cited its December survey of more than 1,000 consumers to show preference for SUV and trucks has dropped slightly SUVs down from 44% in 2023 to 43%, trucks from 9% to 7% and crossovers from 8% to 6% while car segments rose in popularity. The 47% who project used-car profitability was well above the 21% who did so a year earlier.
Digital transformation is expected to also accelerate significantly in 2025, with dealers investing heavily in platforms offering a seamless online car-buying experience. Usedcar day supply is expected to remain tight and steady. While inventory levels are generally improving, there is an imbalance across brands.
introduces AutoPucks , a new line of rubber puck adapters and jack pads designed to provide a secure connection and greater protection when picking up Corvettes, Tesla EVs and other passenger vehicles usingcar lifts or floor jacks. The post BendPak Launches AutoPucks for Car Lifts and Jacks appeared first on AutoSuccessOnline.
All Rights Reserved BYD Has An Answer For Autonomys Biggest Question Latest News Reviews Brands Car Types Buying Culture Tech Beyond Cars Racing QOTD Features Newsletter Advertise News BYD Has An Answer For Autonomys Biggest Question By Amber DaSilva July 9, 2025 10:27 am EST Sean Gallup/Getty Images Happy Wednesday!
Rising inventory levels, evolving consumer preferences, and the steady expansion of hybrid and electric vehicle (EV) sales continue to shape this years competitive market in 2025. Despite these shifts, internal combustion engine (ICE) vehicles still dominated the used market, accounting for over 90% of sales.
Handwringing in the new-car market is already driving up sales and prices in the retail used-car market, according to analysis around the latest CARFAX UsedCar Index , which saw prices increase nationally month-over-month in April for every segment it tracks. Car prices were down 3.2% SUV prices climbed 1.1%
iSeeCars is seeing something it hasnt seen in more than two years: rising used-car prices. The automotive search engine and research website said its latest study showed the average used-vehicle listing price in March was up 1% from March 2024, the first year-over-year increase since October 2022.
There has been a spark in the used hybrid and electric vehicle market this month. After two years of consistent slowdowns, the segment has shown the most month-over-month retail price growth of any vehicle category in the latest Carfax UsedCar Index. According to Carfax, used hybrid/EV prices are.
Digital transformation is expected to also accelerate significantly in 2025 with dealers investing heavily in platforms offering a seamless online car-buying experience. Usedcar day supply is expected to remain tight and steady. While inventory levels are generally improving, there is an imbalance across brands.
As the tariff era begins, perhaps the two biggest concerns for the overall used-car market, now and down the road, are rising prices and the dwindling supply of off-lease cars. To which usedelectric vehicles say, What, me worry?
Electric vehicles are one of two outliers when it comes to used-car price patterns, as their prices continue to fall amid growth in the overall pre-owned vehicle market the last three months.
Like an accent or dialect, the used-car market can vary depending on where you (or yall or yinz) are in the U.S. And CARFAX is accounting for this patchwork of market dialects, so to speak, by adding in regional breakdowns to its monthly index of retail used-car prices. year-over-year, while cars were up 0.6%
If reliability and value are your customers top priorities for a usedcar, you might want to make sure the Honda Fit is on your lot. Thats less than half the $3,426 average for all 5-year-old used vehicles. 11 among 10-year-old passenger cars and No. The lists are based on the list price per year.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the usedcar market is also seeing an influx of these eco-friendly vehicles. This technology makes EV’s the perfect car for environmentally based consumers.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the usedcar market is also seeing an influx of these eco-friendly vehicles. This technology makes EV’s the perfect car for environmentally based consumers.
In today’s world, finding a car that is both eco-friendly and budget-friendly can be a challenge, especially for families. However, there are several usedcars on the market that offer great fuel efficiency, low emissions, and a comfortable ride for the whole family. Why Choose an Eco-Friendly Car?
The CARFAX UsedCar Index made its debut a year ago, and in an analysis recapping the latest installment , the company pinpointed three retail used-car pricing trends that have stood out. Tom Kontos, the chief economist at ADESA, has noticed a similar flattening in wholesale used-car prices. year-over-year.
It was March momentum for the retail used-car market. million used vehicles, which was a 10.9% million used vehicles, compared to 4.29 Affordability matters more than ever to consumers, and declines in used-vehicle prices help offset higher interest rates,” Robb said. In February, used sales were up 4.1%
Cars Commerce’s latest look at the used-vehicle market is an old story. As in, older cars have become the dominant force driving supply and vehicle values, according to the company’s monthly Industry Insights Report for August. from last year, while cars in the $10,000-$19,000 range, averaging 7.3 years old, rose 16.8%.
Usedcar prices continue to decline as availability increases and new car prices have stabilized in the Canadian automotive market, according to analysis from AutoTrader.
Last year, we learned that the all-electric Audi e-tron GT started having a rough time in the usedcar market. Its posher half-sibling, the Porsche Taycan, was also heading onto the same path. Now, the data couldn't be clearer: EV prices entered an accelerated downtrend. Unlike Tesla'. continue reading. )
Image source The buzz around electric vehicles (EVs) is undeniable. However, traditional gasoline cars, with their internal combustion engines (ICE), are still common on American roads. Gas-powered cars (ICE) have ruled the country for decades, but rising fuel prices and EV tax breaks are shifting the conversation.
Filed under: Green , Tesla , UsedCar Buying , Auto Repair , Electric Continue reading Hertz's Tesla liquidation sale likely means more depreciation for used EVs Hertz's Tesla liquidation sale likely means more depreciation for used EVs originally appeared on Autoblog on Tue, 16 Jan 2024 18:03:00 EST. Please see our terms for use of feeds.
The pre-owned car market is still in a weird place. Some segments like electric vehicles have some hefty savings , but most pre-owned cars are still selling for inflated prices. If you happen to come across a usedcar that seems too good to be true, make sure the dealer can answer these questions. Read more.
In today’s volatile automotive market, finding the best usedcar value can feel like searching for a needle in a haystack. With new car prices pushing the boundaries of belief, and usedcar prices constantly fluctuating, it’s time to ask the Jalopnik audience what they think the best value on the used market is.
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