Tag: which used cars are most reliable?

Peach Cars, a Kenyan used-car marketplace, raises $5M in seed investmentPeach Cars, a Kenyan used-car marketplace, raises $5M in seed investment

July 4, 2023July 4, 2023| 3:09 am

Kenyan automotive marketplace Peach Cars is announcing its $5 million seed round led by Japan-based The University of Tokyo Edge Capital Partners (UTEC) and other angel investors, including Shintaro Yamada (founder and CEO of Mercari), Peter Kenevan (VP, Head of Japan at PayPal), and Hiroaki Ohta (general partner at Japan’s Waseda University Ventures). The startup, founded by Kaoru Kaganoi and Zachary Petroni in 2020 to democratize car ownership in sub-Saharan Africa, starting with Kenya, will use the money to grow the business, hire more talent and double down on R&D as it expands its tech solutions, according to a statement.… [...]

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Average used car loans are now much more than the vehicles are worthAverage used car loans are now much more than the vehicles are worth

July 1, 2023July 1, 2023| 2:51 am

Used car prices have been all over the map in recent times, with some used models exceeding their new MSRPs as demand soared and supply dwindled. While that situation appears to have been mostly resolved, the finances of the used car market are still raising eyebrows, as buyers seem to be rolling more negative equity into their purchases in 2023. A new study from JD Power and TransUnion pointed out that the average loan-to-value ratio of used car financing has ballooned to 125 percent during the first quarter of 2023. That’s up from 110 a year ago and 104 percent… [...]

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The UK’s most and least reliable used cars – Mercedes, Kia, Honda & moreThe UK’s most and least reliable used cars – Mercedes, Kia, Honda & more

June 25, 2023June 25, 2023| 2:42 am

According to the findings of a new survey, Suzuki achieved the highest brand rating for its reliability with 94.7 percent. The brand’s Vitara small SUV received a staggering 99.3 percent reliability score, with the Swift small car also getting a near-perfect mark. The data, from What Car?, found that Japanese brands occupied six of the top 10 most reliable brand positions. However, at the other end of the scale, Citroën and Land Rover received the lowest brand reliability scores, of 60.3 percent and 61.3 percent respectively. Small cars had the highest overall reliability ratings, with the Honda Jazz achieving a… [...]

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