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Its not a surprise to find full-sized pickup trucks at the top of a list of Americas 100 best-selling usedvehicles. It was, however, a bit unexpected to find an electricvehicle in the top 30, and two EVs among the top 75. As has become expected, Fords F-150 pickup was the top-selling usedvehicle in the U.S.
The degree to which a vehicle’s price changes month-over-month might be more telling, in some cases, than the year-over-year change. 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. car industry overall ?
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.
Pickup trucks and SUVs have long been the dominant vehicles in the U.S. The automotive M&A advisory firms semiannual Market Outlook Report , released this week in conjunction with the NADA Show, said its data shows American consumers have reached peak truck. The post Report finds U.S.
Moreover, the latest CARFAX UsedCar Price Index shows that those declines continued “across the board” in November. But the price drops for usedelectricvehicles (and to a lesser extent, hybrids) have been far more extensive, approaching 34%, the iSeeCars data shows. For hybrids, used prices fell 9.6%
Now it seems car dealers are staying away from the once bullet-proof trucks. We found out wh y Toyota’s twin-turbo V6s have been grenadeing themselves in 2022-2023 Tundras and Lexus LXs earlier this month, but there’s still no real fix for the issue. Read more.
Dealers’ F&I carriers will continue to expand their offerings to make vehicle protection plans and other F&I products that are advantageous to new and usedcars and trucks with internal combustion engines, even with the market’s ongoing changes and some consumers’ interest in electricvehicles.
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. 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.
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%
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