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Used Cars

Used cars 101: From setting a budget to the test drive – a guide for buying a used vehicle

August 25, 2024

Illustration by Melanie LambrickSo, you’ve decided to buy a car. Here’s the first question: new or used? In general terms, the choice is straightforward. A new car comes with the latest features, warranties and the promise of several years of driving free from all but routine maintenance. The benefits of buying used? If you choose well, you’ll save a bundle. It hasn’t been so simple in pandemic times. The pandemic led to inventory shortages and soaring vehicle prices as people who would normally buy only new cars flooded onto the pre-owned lots. But the pandemic challenges aside, the basic…

Used Cars

Moody’s Analytics says buyers of used cars are paying 54pc more than pre-pandemic even though prices are dropping

August 11, 2024

A gradual improvement in the availability of semiconductors has helped car manufacturers lift production levels. Semiconductors are a crucial component in the increasingly sophisticated modern electronics at the core of modern vehicles. Ms Ell said while global vehicle production had not returned to pre-pandemic levels in Europe and Asia, there had been a significant improvement. Vehicle production in Japan in October was 35 per cent higher than in 2021, but was still 11 per cent below the production rate of 2019. Households feel the squeeze Australian Bureau of Statistics figures show that during the September quarter, Australians imported $7.3 billion…

Used Cars

Used cars continue to get cheaper, new research finds

August 10, 2024

Australian wholesale new vehicle prices have fallen 12 per cent from their peak in May 2022, as normality returns to the wider supply chain and demand for pre-loved car cools. The Q4 Used Vehicle Price Report found used car prices have now decreased for seven successive months, and in January 2023 they had their first year-on-year decline since May of 2020. Moreover, used car prices are expected to continue returning to earth during 2023 as new car supply improves, and demand weakens on the back of higher borrowing costs and inflation. For more Motoring related news and videos check out…

Used Cars

Characteristic curves of Hydraulic Turbines

August 4, 2024

Hydraulic machines are defined as those machines which convert either hydraulic energy (energy possessed by water) into mechanical energy (which is further converted into electrical energy ) or mechanical energy into hydraulic energy. The hydraulic machines, which convert the hydraulic energy into mechanical energy, are called turbines while the hydraulic machines which convert the mechanical energy into hydraulic energy are called pumps. We discussed different types of hydraulic turbines in the previous article. To run these Turbines, there are certain Characteristic curves are used. From the Theoretical point of view, we can use certain of these Characteristic curves of Hydraulic…

Used Cars

What are the cheapest states to buy used cars?

July 29, 2024

One of the exciting things about buying a car is that it changes drastically by region. For the overall winner, New Hampshire is one of the best states from the northeast. Here’s why: – A low number of additional fees and taxes associated with used vehicle purchases – You are exempt from paying sales tax – The registration fees are cheap (at most $18 per thousand of total sales) – New Hampshire has low insurance premiums, with an average of $870 per year – The low average annual cost of vehicle ownership This is excellent news for New Hampshire residents…

Used Cars

Collapse in Used Car Prices Could Help Drive Inflation Below Fed Target

July 25, 2023

A decline in used car prices should help drive inflation lower, according to Fundstrat’s Tom Lee. The Manheim used car price index fell 3.2% in the first two weeks of June and is down 9.4% year over year. “Manheim price index shows completely opposite trend of CPI used cars [prices],” Lee said.loading Something is loading.Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the appA steady decline in used car prices should have a lasting effect on moving future inflation readings lower and towards the Federal Reserve’s long-term…

Used Cars

EPALFER Portugal Achieves Agile Planning & Bidding

July 22, 2023

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…

Used Cars

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

July 22, 2023

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 we…

Used Cars

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

July 19, 2023

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. In the world of used-car…

Used Cars

Used Car Market Forecast As Prices Suffer Biggest Fall in Years

July 16, 2023

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…

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