Used Cars

These used cars are selling well below their prices when new

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…

Used Cars

Your Used Car May Soon Come With Subscription Fees

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…