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…

Used Cars

KIA Success in the Digital Transformation in Hot Stamped Parts, Part II: Application of Digital Die Spotting

July 14, 2023

A Focus on the Product and Business Processes of Manufacturing Ecosystems This is part two of a three part hot forming series exploring how KIA has researched the current technologies which enable digitization in hot stamping at all business and supplier levels. In this post we see how KIA applied digital die spotting to their hot forming process. The business success of the automotive digital transformation from a technological, organizational, and cultural perspective is the most difficult part of its implementation. One of the reasons is product competitiveness is deeply dependent on the level of digitalization operated at their supplier…

Used Cars

RA-Metal DP600 Internal Reinforcement Case Study Brazil Tooling

May 3, 2023

RA-METAL FERRAMENTARIA is already conquering space in the Brazilian stamping scene by attracting and retaining new customers. The company is situated in Limeira, about 150 km from the state capital São Paulo. They have strategically prioritized development in the engineering sector to meet customers’ tooling demands for stamped parts. Backed by a complete engineering structure focused on stamping simulation, the company also benefits from comprehensive building resources, with 1500 square meters of floor space, including eight machining centers, grinding machines, wire erosion, three tryout presses, as well as a metrology laboratory equipped with a 3D arm and a CMM (Coordinate…

Used Cars

Your Used Car May Soon Come With Subscription Fees

April 13, 2023

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…

Used Cars

Best Used SUVs, Sedans & Small Cars

March 29, 2023

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. It’s comfortable and…

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