Wholesale used-vehicle prices have notably fallen from a record high set in January, signaling the worst of sky-high prices related to higher inflation in the U.S. may be behind us. Cox Automotive said on Friday that its Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its U.S. wholesale auctions, declined
After surging to record-high levels over the past six months, US used car prices started dropping in February. But used cars are still nearly 40% more expensive than they were in February 2021, thanks to supply shortages of new vehicles. It’s still worth selling your old jalopy, in other words. Why used cars are still
Cars are a necessity in today's world. Deciding on not only the model but the type of a car is not always easy. Moreover, not everyone has the same budget and can afford the same quality. A lot of people turn to importing used cars from abroad instead of buying a car at home. Is
For years, electric vehicles have had relatively low resale value for a variety of reasons. Used electric vehicles are typically priced with the $7500 federal tax credit baked in. The plug-in market is also rapidly improving. First gen electrics such as the Chevy Spark EV and 2015 Nissan LEAF simply cannot compare to the Chevy Bolt EV and the Gen 2 LEAF.