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Now Is A Really Good Time To Get A Deal On A Used Car

Jalopnik

The used car 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 used car inflation appears to finally be subsiding.

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Spring Optimism Boosts U.S. Automobile Dealer Sentiment

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This is just one point above the all-time low of 33 in Q1 2024 (excluding Q2 2020 during the pandemic) and has been weak for over two years. For franchised dealers, the profit index declined from 45 in Q4 to 41 in Q1, matching the low score set one year ago (excluding Q2 2020). Expectations for the electric vehicle market rose in Q1.

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COMMENTARY: Plug-in hybrids can serve vital role in electrification

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The transition to electric vehicles is currently generating millions of pixels. The once seemingly smooth path to an all-electric future is now strewn with some unexpected potholes, but one vehicle type in the current mix deserves some added attention. This, in turn, negatively affects the value of older EVs.

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U.S. Auto Dealer Sentiment Improves in Q1, Market View Remains Weak

AutoSuccess

At 33, the profitability index fell to its second-lowest score ever, behind only Q2 2020, at the height of the COVID-19 pandemic. Beginning in the second half of 2022, the index has dropped significantly and, in Q1 2024, hit 41 – the lowest point in the survey’s history excluding Q2 2020. “The vehicle market in the U.S.

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Study names Honda Fit the most reliable used car for the money

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If reliability and value are your customers top priorities for a used car, you might want to make sure the Honda Fit is on your lot. The subcompact hatchback, which was discontinued by Honda in 2020, is the most reliable 5- and 10-year-old vehicle for the money, according to the latest research from iSeeCars.

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Edmunds on Tesla trades & other parts of current EV market

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Edmunds shared a wide array of electric-vehicle information on Tuesday, including insights about trade-in activities at dealerships involving a Tesla. Edmunds added that Tesla trade-in data only includes vehicles traded in to dealerships. That’s the lowest reading in Edmunds’ data set that went back to 2019.