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The automotive industry is undergoing a generational transformation with the continued use of electricvehicles (EVs). As more consumers embrace the benefits of EVs, the usedcar market is also seeing an influx of these eco-friendly vehicles.
The automotive industry is undergoing a generational transformation with the continued use of electricvehicles (EVs). As more consumers embrace the benefits of EVs, the usedcar market is also seeing an influx of these eco-friendly vehicles.
The pre-owned car market is still in a weird place. Some segments like electricvehicles 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.
The usedcar market has been an up-and-down mess since at least 2020, with reduced new car inventory pushing more buyers into pre-owned purchases , which reduced the revolving supply of trade-ins. This perfect storm of pandemic-induced chip-shortage usedcar inflation appears to finally be subsiding.
DCG said hybrid and electricvehicles are undeniably a growth driver and with dealers becoming more receptive to selling these models, we can expect the combined segment to continue to steadily gain market share for the foreseeable future. The 47% who project used-car profitability was well above the 21% who did so a year earlier.
Not too long ago, vehicle leases were on the decline. So much so that it was affecting the usedcar market. Now, thanks to EVs, leases are making a big comeback. And thanks to tax credits, German luxury EVs are being leased now more than ever. Read more.
Considering the shambolic state of the American economy, inflation, and rampant wage stagnation, I love finding stories about affordable cars and prices dropping. million one-to-five-year-old usedcars listed for sale online between August 2023… Read more.
The Mechanic Doctor - Resources for Amateur and Pro Auto Mechanics Sales of electricvehicles are growing against the backdrop of rising fuel prices. However, the army of internal combustion engine fans still dominates due to several serious shortcomings inherent in cars with electric motors.
Some buyers, it seems, have decided to give the Vietnamese automaker a chance and actually buy one , despite the cars not being ready for prime time. You probably haven’t seen a Vinfast on the street yet. They’re around though, at least they are here in California. Those buyers may have put themselves into a shaky… Read more.
Vehicles in the U.S. In fact, the average car on the road in 2024 is 12.6 That means the average car was built back in 2011. just keep on getting older as new ones continue to cost way too much for the average buyer. Preposterous. Read more.
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