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Most Used Cars Are Getting Cheaper Except For Trucks

Jalopnik

Used cars are finally getting a little cheaper, according to Cox Automotive. After what seemed like an interminable series of price hikes across all vehicle segments, used prices are going down. The only caveat is that pickup trucks are trending in the other direction and are getting slightly more expensive instead.

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Five Questions Shady Used Car Dealers Don’t Want You To Ask

Jalopnik

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 used car that seems too good to be true, make sure the dealer can answer these questions. Read more.

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Affordability concerns weigh heavily on consumers and could impact the industry’s recovery

Auto Remarketing

High vehicle prices and interest rates are delivering an economic one-two punch that is being felt throughout the used-vehicle ecosystem. Think consumer financing and monthly payments, dealership inventory and certified used vehicles, and residuals and repossessions. 6-9 in Scottsdale, Ariz.

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Used Car Dealer Allegedly Sold One Wheelchair-Accessible Van To 13 People

Jalopnik

Edward Scott Rock, a Philadelphia used car dealer , was arrested last week by federal authorities on charges of mail and wire fraud. Rock is accused of accepting payments from around 120 buyers across 36 states but failing to deliver a vehicle.

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How to keep your independent car dealership competitive

Solera

Industry Trends in 2023 While the used car boom that sent prices sky high may be winding down, there is still a large demand for quality used vehicles. Once seemingly overvalued, older cars will take the biggest hit, while late-model cars will hold steady or decline slightly, mirroring the trend for new cars.

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Honda Will Lease You A Used Car Because Everything Is Too Expensive And We Live In Hell

Jalopnik

Honda is going to start offering a leasing program for its certified pre-owned vehicles because new car prices are just way too high at this point. The program is beingv aimed at buyers who want to keep their monthly payments low and don’t have the upfront cash for a big down payment, according to a statement from Honda Read more.

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Price declines slowing in wholesale market, accelerating in retail

Auto Remarketing

While the groundhog hasn’t delivered his forecast yet, it seems spring might be on the way in the wholesale car market. Used-vehicle prices were down again as January ended, but the pace of depreciation is decelerating, according to the latest report from Black Book. In turn, that is helping to drive down the cost of used cars.”

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