Used Cars - A360

These used cars are selling well below their prices when newThese used cars are selling well below their prices when new

April 16, 2023| 10:00 pm

We’re in this weird spot in the used car market where some models are selling for more than they cost new. iSeeCars‘ a recent study found that vehicles like the Ford Maverick have been selling for thousands over their new MSRPs, but the good news is that there are just as many selling at a discount. iSeeCars analyzed 8.9 million new and “lightly used” cars between February and March, 2023 and determined that while many used models are listed above their new MSRPs, prices have fallen over the last year. Perhaps unsurprisingly, the list of vehicles selling for less than… [...]

Your Used Car May Soon Come With Subscription FeesYour Used Car May Soon Come With Subscription Fees

April 13, 2023| 9:17 pm

Drivers of used cars whom automakers have a direct line to—whether by email or app—are often offered free trial periods aimed at hooking a consumer to the subscription model of car ownership. But many drivers of used cars aren’t so easily targeted, especially those who don’t buy their cars through automakers’ dealer-controlled networks. A 2021 survey of more than 2,000 US car owners led data and analytics company LexisNexis Risk Solutions to estimate that 83 percent of owners of used cars with built-in connectivity “remain untapped”—meaning automakers had left money on the table. Since 2021, LexisNexis has offered a service… [...]

Struggling with an Equivalent Material Card? Material Scattering Simulation Can HelpStruggling with an Equivalent Material Card? Material Scattering Simulation Can Help

April 9, 2023| 12:04 pm

It is well known that tool makers really struggle in creating a material card that describes material behavior under deformation made by the stamping process. Most of the time they end up using an equivalent material card or a card created by using a very limited amount of data (and use generic assumptions). In this article Ramandeep Singh, AutoForm Technical Account Manager India, explains how considering material scattering can support engineering delivering reliable data to tool shops Over the last few decades, simulation software has become standard practice for virtually validating the stamping process. To ensure correspondence between [...]

These used cars routinely sell for more than their new MSRPsThese used cars routinely sell for more than their new MSRPs

April 7, 2023| 7:59 pm

The car world is and has been upside down. In “the before times,” new cars were depreciated. There was no question that owning and using a vehicle for a couple of years decreased its value, but that’s not always the case anymore. iSeeCars‘ a recent study showed that several used models are priced above their new MSRPs, which can mean many things, including things that are still going crazy on the used car market. The good news is that the situation is much better than a year ago. iSeeCars found that lightly used cars are priced 8.1 percent below [...]

Used car prices continue to fall, led by Tesla’s Model 3Used car prices continue to fall, led by Tesla’s Model 3

April 3, 2023| 7:13 am

(iSeeCars) — The latest iSeeCars.com analysis found used car prices were down 4.7 percent in the last 6 months, and down 8.7 percent from a year ago. The used car with the biggest price drop is the Tesla Model 3, with a 21.5 percent drop since September 2022. Summary: While overall prices are down 8.7 percent, 10 models have price drops of 16-plus percent Infiniti QX80, Nissan Armada, Land Rover Discovery, and Tesla Model 3 prices are all down more than 19 percent from a year ago Electric vehicles have fallen dramatically, off 13.9 percent compared to a year ago… [...]

Best Used Cars SUVs $15,000 to $20,000Best Used Cars SUVs $15,000 to $20,000

April 1, 2023| 7:43 pm

Buying a pre-owned car is more than just a great way to save money. It could get you into a model that has safety and luxury features you couldn’t afford in a new car. That is, if you can find a new car or SUV. While the new-car shortage may be slowing down somewhat, there’s still the problem of high prices and limited availability of some trims or types of vehicles. This means new-car dealers are charging a premium, taking advantage of the shortages. In order to focus your search better, we dug through years of test data and [...]

MABE: White Goods Innovation with Process Simulation: Surface Quality in a Stove AssemblyMABE: White Goods Innovation with Process Simulation: Surface Quality in a Stove Assembly

April 1, 2023| 11:36 am

Introduction Initially, Mabe focused on producing kitchen cabinets and integrated furniture. Thanks to its rapid growth, the company became Mexico’s largest appliance exporter by 1960. By the 1990s, Mabe was responsible for designing and manufacturing over two-thirds of the gas stoves and refrigerators sold in the United States. Additionally, 95% of appliances sold under the General Electric brand were produced at Mabe’s San Luis Potosí factory, which is the largest kitchen manufacturing plant in the world. In this case study, we examine the methods and tools that have assisted Mabe in improving their appliance production and speed since [...]

Best Used SUVs, Sedans & Small CarsBest Used SUVs, Sedans & Small Cars

March 29, 2023| 7:17 pm

Midsized and Large CarsMazda6 2017-2018The 6 is one of the sportiest midsized sedans. Its quick steering contributes to its agility, and we got a class-leading 32 mpg overall from the 2017 model we tested. Other Good Choices2015-2017 Honda Accords2015 Honda Accord HybridSubaru Legacy 2016-2017Toyota Avalon 2014-2016Toyota Avalon Hybrid 2013-2014Toyota Camry 2015-2017Toyota Camry Hybrid 2015-2016 Luxury Cars2015-2016 Acura TLXLexus ES 2013-2015The TLX had a quiet cabin, came nicely equipped, and was available with a manual gearbox in V6 models. We got 27 mpg overall with the four-cylinder. The Lexus ES is a luxury version of the Toyota Camry. [...]

Carvana has a plan for its debt, and investors don’t like itCarvana has a plan for its debt, and investors don’t like it

March 26, 2023| 6:57 pm

A group of funds holding most of Carvana Co.’s more than $5 billion in bonds will oppose a restructuring plan that the online auto seller wants as a way to rein in its debt load, according to people with knowledge of the group’s position. Carvana said Wednesday it would offer to exchange as much as $1 billion of its unsecured bonds at discount prices in an effort to extend looming repayment deadlines. The company in the past year suffered mounting losses, and in the last quarter it burned through $1.8 billion in cash as sales tumbled 23%. Bondholders who banded… [...]

Used-car retailer Carvana expects smaller core loss, shares jumpUsed-car retailer Carvana expects smaller core loss, shares jump

March 23, 2023| 4:41 pm

March 22 (Reuters) – Carvana Co (CVNA.N) said on Wednesday it expects a smaller core loss in the current quarter as its cost-cut measures have helped mitigate some impact of a decline in used-car sales. The debt-laden company has taken a series of steps, including job cuts, over the past year to cut costs as it struggles to sell cars acquired at elevated prices, with buyers hit by inflation and worried about a recession cutting spending. The company’s business model became popular during the COVID-19 pandemic, as people opted for readily available used cars instead of newer vehicles whose supply… [...]

Category: Used Cars