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 [...]
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… [...]
Teenagers are among the riskiest drivers because of a combination of immaturity, inexperience and social pressures. Consequently, they have crash rates that are almost four times those of drivers 20 and older. Choosing the right car can help teens stay safe, but it can be challenging to balance all the factors that make an ideal vehicle for inexperienced drivers. Consumer Reports and the Insurance Institute for Highway Safety (IIHS) have again combined their expertise and data to create lists of used cars, SUVs, and minivans that combine accident avoidance, crash protection, performance, and reliability. These vehicle recommendations are [...]
Breadcrumb Trail Links Used Vehicles safety Awards and surveys Consumer Reports and IIHS just issued their joint annual list of the safest and most reliable car models Published May 30, 2023 • Last updated 1 day ago • 4 minute read Many are looking for vehicles for their recent parents graduates Photo by IIHS Article content The Insurance Institute for Highway Safety and Consumer Reports each year suggest the best cars for teens For 2023, they’ve narrowed it down to 16 new vehicles; and 46 used [...]
There are some signs of hope that this bonkers used car market is slowly improving in the interest of buyers. while some segments are presenting some strong values, other areas are maintaining some serious premiums. To help buyers navigate the still complicated times of purchasing a car, iSeeCars released a study sharing where you can get the best value for pre-owned models this spring. Racing Tech | How Formula E’s New Front Powertrain Extends Battery Life on its Race Cars In case you missed it: If you were shopping for a used car in 2022, it’s likely you saw prices… [...]
(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… [...]
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… [...]
