And Black Book’s Used Vehicle Retention Index — another indicator of wholesale prices, weighted based on registration volume and adjusted for seasonality, vehicle age, mileage and condition — fell 0.1 percent in April from March. There is a caveat, Yurchenko said: Certain vehicle segments in high demand continued to appreciate, while some subsegments declined faster….
With the spring car-buying season in full swing, those looking for a deal in the used-car market are not likely to find one. According to a new report, “Used Market Enters Uncharted Territory Post-Pandemic,” released from car-shopping site Edmunds.com, though used car prices softened a bit recently they still remain historically high. Edmunds’ data scoured…
CNN — It has almost never been as hard to buy a new or used car in the United States as it is today, despite improving supply issues and inflation beginning to steady. Vehicle transaction prices — the price you actually end up paying after any dealer discounts or markups — have been climbing higher…
We’re in this weird spot in the used car market where some models are selling for more than they cost new. iSeeCars‘ a recent study found that vehicles like the Ford Maverick have been selling for thousands over their new MSRPs, but the good news is that there are just as many selling at a…
Consumers who want to spend their tax refunds on a car may be disappointed this spring: Prices are rising. Signals from the used-car market are flashing higher prices ahead, reversing a decline that started last fall. Manheim, which auctions used cars to dealers, reported a 4.3% increase in vehicle prices in February, the largest increase…
Online used vehicle retailer Shift Technologies cut its workforce by 30% in the first quarter as the company sought to reduce costs and eliminate duplicate positions following its merger with CarLotz, CEO Jeff Clementz said during an earnings call. The layoffs came as the company saw its revenue plummet in the fourth quarter and its…