Tag: used cars for sale

Falling prices could see half of motorists buying used

Posted on by Damar

Nearly half of motorists (46%) could soon be eyeing a used car following substantial price falls, according to Startline’s latest monthly Used Car Tracker.

When told that used car prices have fallen by an average of almost 20% in the last year, 21% said that it would make them a lot more likely to buy and 25% a little, shows March’s Startline Used Car Tracker.

Paul Burgess, CEO at Startline Motor Finance, said: “Used car prices started rising quite dramatically thanks to stock shortages and high demand following the pandemic, and largely peaking sometime in early-mid 2023.

“However, since then,

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Car prices in the Bay Area have finally dropped — but is it the right time to buy?

Posted on by Damar

It looks like a car-pocalypse! Hondas, Fords, Toyotas, Dodges, Hyundais, BMWs and Chevys sit in colorful rows, filling Bay Area car dealership lots — with barely a human in sight.

“We’ve got cars but nobody’s buying,” said Alan Le, sales manager at Premier Nissan of Fremont, where six rows of Rogues, Ariyas and other models line a parking lot that only two years ago, thanks to COVID disruptions, just happened a single row of vehicles. “In the pandemic, people were fighting to buy cars.”

At some dealerships, salespeople loiter hopefully outside, watching for signs of life amid a sea of

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Used vehicle market price declines inches closer to historical average

Posted on by Damar

Canada’s used wholesale market saw prices decline -0.42% for the week ending on Feb. 3 which, like last week, is not too far (in comparison to some of 2023’s price declines) from the previous week’s -0.63%. And the 2017-2019 average of the same week was -0.28%, according to Canadian Black Book.

“The Canadian market continued to decline, with declines closer to the historical average than the last few weeks,” said CBB in its Market Insights update. “Supply is building with decreasing demand for vehicles at auction on both sides of the border.”

The car segment fell by -0.52% compared to

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10 Best Selling Used Cars of 2024

Posted on by Damar
Indianapolis - Circa October 2022: Used car display at a dealership.

jetcityimage/Getty Images

Consumers in search of a used car will find a mixture of good news and bad news in 2024. The good news is that average used car prices have fallen for two years in a row, according to the Manheim Used Vehicle Value Index. The bad news: Prices are still much higher than in 2019, before the COVID-19 pandemic rattled the market.

Cox Automotive expects the 2024 used vehicle market to grow by less than 1% year-over-year, with 36.2 million used cars and trucks projected to be sold for the year. Certified pre-owned (CPO) sales are expected to

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Used Car Market In Turmoil As Prices Collapse And Demand Wanes

Posted on by Damar

Auto research firm Cox Automotive – the owner of the closely followed Manheim price index – published new data this week for October that shows wholesale used-vehicle prices continue to slide and have reached the lowest levels since April 2021.

The Manheim Used Vehicle Value Index stood at 209.4 in October, down 2.3% from September. The index is down 4% from a year ago. These wholesale prices filter into the retail side of the market with a slight lag.

“October revealed some not-so-spooky price moves, namely a reversal of the gains that were seen during the previous two months,” said

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