Used Cars - A360

EPALFER Portugal Achieves Agile Planning & BiddingEPALFER Portugal Achieves Agile Planning & Bidding

July 22, 2023| 2:16 pm

How EPALFER from Portugal shortened their planning and bidding phase In 2020, EPALFER, a toolmaker based in Portugal dedicated to developing and constructing stamping tools for the automotive industry, made the decision to expand their use of AutoForm software. They wanted to include the extensive planning and bidding functionalities to improve the accuracy of their quoting method and meet increasingly shorter lead times. Currently, they use AutoForm at the beginning of each project to assess the early feasibility of the forming process and provide an initial cost estimate within just a few minutes. A few years ago, there was a… [...]

From Maruti 800 in India to Mercedes C300 in Canada, I reached my dreamFrom Maruti 800 in India to Mercedes C300 in Canada, I reached my dream

July 22, 2023| 4:55 am

I was thinking of upgrading from an apartment to a house & then buying a Ciaz. But fate had other plans. BHPian jaspritsingh recently shared this with other enthusiasts. As a kid, I grew up looking at German cars (my hometown had its fair share). Everywhere you looked – on the TV, in the movies, on the street – a German was a statement that the owner was “someone”. Like any other kid, I too aspired to be that “someone”. My father was an Insurance surveyor and I used to accompany him whenever I was free. One fine day [...]

Yellow Cars Paint a Bright Depreciation Picture, but Don’t Get a Gold OneYellow Cars Paint a Bright Depreciation Picture, but Don’t Get a Gold One

July 19, 2023| 4:51 am

If you’re buying a car with resale value in mind, a bright color might be the way to go. According to some number-crunching by iSeeCars, three-year-old used cars depreciate the least if they’re yellow. Gold, though, depreciates the most. Those are the results for the used-car market as a whole. When you look at segments, different colors depreciate the least. Beige pickups, for example, hold their value the best. The most common vehicle colors—white, black, silver—depreciate at an average rate because they’re considered a safe choice. There’s a world of difference between yellow and gold. [...]

Used Car Market Forecast As Prices Suffer Biggest Fall in YearsUsed Car Market Forecast As Prices Suffer Biggest Fall in Years

July 16, 2023| 4:23 am

Wholesale used car prices dropped last month by the largest amount since the beginning of the COVID-19 pandemic, according to the latest Manheim Used Vehicle Value Index (MUVVI), tumbling by 4.2 percent in June from May. The index, which monitors wholesale prices of used cars sold at auction, declined to 215.1 in the same month, down 10.3 percent from a year before. It’s a big chance for the sector after used car prices jumped up 40 percent to an average of nearly $29,000 between early 2020 and May 2023, as reported by the Associated Press. On a year-on-year basis, Manheim… [...]

KIA Success in the Digital Transformation in Hot Stamped Parts, Part II: Application of Digital Die SpottingKIA Success in the Digital Transformation in Hot Stamped Parts, Part II: Application of Digital Die Spotting

July 14, 2023| 2:13 pm

A Focus on the Product and Business Processes of Manufacturing Ecosystems This is part two of a three part hot forming series exploring how KIA has researched the current technologies which enable digitization in hot stamping at all business and supplier levels. In this post we see how KIA applied digital die spotting to their hot forming process. The business success of the automotive digital transformation from a technological, organizational, and cultural perspective is the most difficult part of its implementation. One of the reasons is product competitiveness is deeply dependent on the level of digitalization operated at their supplier… [...]

Inflation persists and car prices are a big reasonInflation persists and car prices are a big reason

July 10, 2023| 3:23 am

‌Car prices soared after the coronavirus lockdowns, and two years into the United States’ worst inflationary episode since the 1980s, the industry demonstrated that getting back to normal will be a long and lurching ride. In 2021 and early 2022, global shipping problems, a semiconductor shortage and factory shutdowns coincided with strong demand to push vehicle prices sharply higher. Economists had hoped that prices might ease as supply chains healed and the Federal Reserve’s interest rate increased deterred borrowers. Instead, prices for new cars have risen further. Domestic automakers are still producing fewer cars and focusing on more profitable luxury… [...]

Wholesale used vehicle prices fall as sales weakenWholesale used vehicle prices fall as sales weaken

July 7, 2023| 3:12 am

A sign reads ‘We Buy Used Cars!!’ at an auto dealership on February 15, 2023 in Glendale, California. Mario Tama | Getty Images DETROIT – Wholesale used vehicle prices reached their lowest level of the year in May, as sales fell amid high interest rates and inflated retail prices. Cox Automotive reported Wednesday a 2.7% decline from April to May in its Manheim Used Vehicle Value Index to 224.5. It marks the second consecutive monthly decline and the index’s lowest level since 219.3 in December. The index, which tracks vehicles sold at its US wholesale dealership auctions, remains elevated from… [...]

Talkin’ Bout My Generation – FormingWorldTalkin’ Bout My Generation – FormingWorld

July 6, 2023| 2:07 pm

This article first appeared in the February 2023 Automotive Special Issue of MetalForming magazine (www.metalformingmagazine.com), and is reprinted here with permission granted by the Precision Metalforming Association. You’ve probably seen references to 3rd Gen steels—implying that there are 1st and 2nd Gen steels as well. This article explores their similarities, differences and evolution. The automotive industry drives much of this development, but the benefits offered by newer grades promote applications in other industries. Where it Began: 1st Gen Steels During the era of tail fins and sock hops, automakers had only a handful of sheet-steel grades from which to choose.… [...]

Peach Cars, a Kenyan used-car marketplace, raises $5M in seed investmentPeach Cars, a Kenyan used-car marketplace, raises $5M in seed investment

July 4, 2023| 3:09 am

Kenyan automotive marketplace Peach Cars is announcing its $5 million seed round led by Japan-based The University of Tokyo Edge Capital Partners (UTEC) and other angel investors, including Shintaro Yamada (founder and CEO of Mercari), Peter Kenevan (VP, Head of Japan at PayPal), and Hiroaki Ohta (general partner at Japan’s Waseda University Ventures). The startup, founded by Kaoru Kaganoi and Zachary Petroni in 2020 to democratize car ownership in sub-Saharan Africa, starting with Kenya, will use the money to grow the business, hire more talent and double down on R&D as it expands its tech solutions, according to a statement.… [...]

Estimating The Fair Value Of Federal Signal Corporation (NYSE:FSS)Estimating The Fair Value Of Federal Signal Corporation (NYSE:FSS)

July 3, 2023| 10:49 am

Key Insights The projected fair value for Federal Signal is US$73.36 based on 2 Stage Free Cash Flow to Equity Federal Signal’s US$64.03 share price indicates it is trading at similar levels as its fair value estimate Analyst price target for FSS is US$61.60 which is 16% below our fair value estimate Does the July share price for Federal Signal Corporation (NYSE:FSS) reflect what it’s really worth? Today, we will estimate the stock’s intrinsic value by taking the expected future cash flows and discounting them to today’s value. The Discounted Cash Flow (DCF) model is the tool we will apply… [...]

Category: Used Cars