Havoc in the new-car market has sent used prices through the roof. David Zalubowski/AP Prices for used and new cars shot through the roof during the pandemic. Even older used cars now cost thousands more than they did in February 2020. The average price paid for a new car hit […]
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Cheap used cars are vanishing. With new-car production constrained by pandemic-related parts shortages and with used-car prices soaring, more Americans are hunting everywhere for inexpensive rides. As a result, the number of vehicles available for less than $10,000 is dwindling. “I don’t know where you go for cheap transportation if […]
Charlie Walters, general manager of the Findlay Chrysler Jeep Dodge Ram dealership, said the shortage stems from a series of global challenges. POST FALLS, Idaho — If you’re looking to purchase and drive a car straight off the dealership lot today, good luck. A shortage of available parts has slowed […]
Three dealership groups, including the growing Hudson Automotive Group, have purchased stores in Alabama and Louisiana in deals that closed in the second quarter. Here’s a quick look at the transactions involving domestic and import brand stores. Hudson Automotive, of Charleston, S.C., acquired its first dealership in Alabama on […]
The 200,000+ mile cars are a mix of vehicle types led by SUVs (iSeeCars) – Consumers looking to buy the longest-lasting, most-reliable cars should consider Toyotas and full-size SUVs. These are the longest-lasting vehicles with the highest chance to reach 200,000 miles or more, according to the latest study by […]
As the final months of your car lease tick down, your decision is to buy your leased car or turn it in. In fact, the leasing company, or the dealer where you leased it, is probably already bugging you to turn in the vehicle early and lease another. Time is […]
– May 26, 2021 As inventory levels fall 33% for new and 28% for used cars, local dealers are paying consumers more for their used trade-in vehicles.1 CHICAGO, May 26, 2021 — Car shoppers are ready to take advantage of Memorial Day weekend deals — if they can find them, […]
The semiconductor shortage has slashed vehicle production so much that rental-car companies can’t get the new cars they need, so they have resorted to buying used vehicles at auction. This is uncharted territory for the likes of Hertz Global Holdings Inc. and Enterprise Holdings Inc., which have made their profits […]
A few decades late, you’ve finally got the cash to buy the car you coveted in high school. You can picture yourself behind the wheel, finally looking really cool. But do you have any idea what you’re getting yourself into? © Getty Images Here’s how the experts say to make […]
One of the main reasons why many people were initially skeptical of Apple’s car plans is that the infrastructure required for automotive manufacturing is immense and requires billions of dollars in capital. And while Apple certainly has billions to spare, the buildout of a facility capable of manufacturing cars at […]