
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
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Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
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For the first time in recent history, some vehicles have appreciated in value or depreciated less than expected, finds a recent iSeeCars study.
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Report shows interest rates, continued high prices cramping volume.
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Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing.
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Entering a vehicle's VIN number connects to an online database of over 500 million records.
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Dealership profits have peaked due to rising interest rates, inflation, and low consumer confidence, but they are still 2.4x higher than before the Pandemic.
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Lexus (Premium) and Honda (Mass Market) receive brand awards; Kia receives most model awards.
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Fully virtual and digital warranty and service-contract provider supports auto and consumer warranty industries.
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Rankings based on latest Kelley Blue Book reports.
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The fourth quarter typically accounts for the majority of the yearly depreciation, but this year the declines started in Q3 and are continuing to trend higher than typical for this time of year.
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Tesla is evaluating whether Model 3 and Model Y EVs made in Gigafactory Shanghai could be sold in North America starting in 2023, sources say.
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