Tag: used cars near me under 5000

Used cars continue to get cheaper, new research findsUsed cars continue to get cheaper, new research finds

August 10, 2024August 10, 2024| 9:14 am

Australian wholesale new vehicle prices have fallen 12 per cent from their peak in May 2022, as normality returns to the wider supply chain and demand for pre-loved car cools. The Q4 Used Vehicle Price Report found used car prices have now decreased for seven successive months, and in January 2023 they had their first year-on-year decline since May of 2020. Moreover, used car prices are expected to continue returning to earth during 2023 as new car supply improves, and demand weakens on the back of higher borrowing costs and inflation. For more Motoring related news and videos check out… [...]

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Inflation persists and car prices are a big reasonInflation persists and car prices are a big reason

July 10, 2023July 10, 2023| 3:23 am

‌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… [...]

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Putin ‘could use devastating weapons’Putin ‘could use devastating weapons’

June 7, 2023June 7, 2023| 9:39 am

Vladimir Putin may use weapons of mass destruction in his war with Ukraine, an MP has warned. (Alami) Russian president Vladimir Putin could use “devastating” weapons of mass destruction in the war with Ukraine, a senior Tory MP had warned. Kyiv and Western countries have accused Russian forces of blowing up the Kakhovka dam and hydroelectric power station in the Kherson region – an area Moscow has controlled for more than a year. Russia has denied damaging the dam, instead trying to shift the blame on to Ukraine’s “night attacks” on the region had “led to the destruction of the… [...]

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Used car buying guide: Jensen InterceptorUsed car buying guide: Jensen Interceptor

June 4, 2023June 4, 2023| 1:03 am

What we said then January 5, 1967: “For a new model, the Interceptor feels fully mature and extremely well built. It is an eye-catcher everywhere and its looks are a clever combination of practicalities and an efficient shape. The performance is satisfying, with enough for any situation, and used with discretion in experienced hands the Interceptor is one of the safest forms of modern-day transport. At about 14mpg, fuel bills are high, but, judging against the pleasure the car gives, these costs are worth every penny. An owner’s view Kieron Maughan, rockstarcars.co.uk: “I own three Interceptors: a Mk1, a [...]

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Used car brands with the biggest price increases in 2023Used car brands with the biggest price increases in 2023

May 12, 2023May 12, 2023| 9:17 am

The last few years have been tumultuous for used cars, to say the least. Prices and supply are all over the map, leaving many to wonder if things will ever calm down. Unfortunately, prices likely won’t return to normal for another few years, but most brands have seen average prices drop over the last year. CarGurus’ used car price trends show that most vehicles have fallen, but some have continued to rise. The list of used cars with the most significant price increases includes some familiar names we no longer see in the new market. Ten brands [...]

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

April 7, 2023April 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 [...]

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