Tag: used cars for sale by owner near me

Grupo Segura: Simulating the Coldforming of 3rd Generation AHSS SteelsGrupo Segura: Simulating the Coldforming of 3rd Generation AHSS Steels

August 29, 2024August 29, 2024| 9:17 am

In the automotive industry, there is a constant tendency to find increasingly lighter and safer vehicles. For this reason, the materials used in the manufacturing process of a car demand specific characteristics to satisfy this need. For that reason, Grupo Segura, a leading company dedicated to the design, development, and manufacturing of cold stamped metallic components for automobiles, sets itself the objective of researching and developing alternative solutions to the hot stamped applications, taking the advantage of the new generation of Advanced High Strength Steels (AHSS 3rd Generation). The objective was to be able to cope with future demand from… [...]

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

July 16, 2023July 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… [...]

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

July 7, 2023July 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… [...]

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Cambridge planners overruled by OLT decision on used car salesCambridge planners overruled by OLT decision on used car sales

June 28, 2023June 28, 2023| 2:50 am

Successful appeal means Franklin Boulevard business can sell up to 60 used vehicles at a time on industrially zoned property The owner of an automotive repair shop on Franklin Boulevard has been granted permission to sell up to 60 used cars on his lot at a time after appealing to the Ontario Land Tribunal over a committee of ruling adjustments last fall that denied a zone change application to allow it. In a ruling released June 5, the tribunal’s Gregory J. Ingram disagreed with the city planning staff over the application by Special Interest Automobiles owner Ali Ghaddar. Ghaddar wants… [...]

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Facebook Marketplace Bans Dealers From Posting Used Cars For SaleFacebook Marketplace Bans Dealers From Posting Used Cars For Sale

May 14, 2023May 14, 2023| 12:03 am

Facebook Marketplace is that magic place where everyone can offer their used vehicle and reach hundreds and thousands of potential buyers. If you are an authorized dealer, however, as of January this year, you are no longer able to publish listings on the platform via the Facebook business page. Industry specialists believe this is an attempt from Meta, Facebook’s parent company, to push car dealers toward paid advertising. In an official press statement, the social media company said it is “simply changing how inventory may be displayed in the future” and that “for auto businesses, we continue to invest [...]

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

March 23, 2023March 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… [...]

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