Anyone hoping that the used vehicle market will become more predictable or even the right-size itself in 2023 will likely be disappointed. Unique market conditions and a slew of new challenges are reshaping the market used in unexpected ways. After experiencing a meteoric rise in value, used vehicle prices have slightly inched back toward Earth…
Category: Used Cars
Join the AutoForm Global Webinar: A Smart and Systematic Approach for Tube Forming Engineering, 24 May, 2023
Systematic Process Improvement for Tube Hydroforming Tubing contributes to lower costs, advanced safety and lightweighting of automotive components such as chassis parts, shock absorbers, suspension arms, seats and instrument panel beams. Tube hydroforming is the process of manufacturing such critical components and the success of the tube hydroforming process depends on the best combination of…
Here’s a look at why
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…
Why there may be no return to ‘normal’ for the used vehicle market
Customers browse in a used car lot on February 15, 2023 in Glendale, California. Mario Tama | Getty Images All new vehicles become used cars and trucks once they’re sold. It’s an obvious statement, but one that needs to be laid out to explain the root cause for ongoing inventory and pricing issues in the…
Should You Sell Your Car to CarMax?
So you want to sell your car. Whether it’s because you want a new car or because you no longer need a vehicle, you’re probably wondering where you should get rid of your wheels. One popular place is CarMaxwhich is the largest used car retailers in the United States. If you’re buying a car at…
How to Protect Yourself When Buying a Used Car in 7 Easy Steps – Consumer Reports
Why you should: Even if the car looks super-clean and the seller promises it was driven gently, you should get an expert opinion on its roadworthiness. What you should do: Given today’s incredibly hot used-car market, it can be a challenge to have a vehicle inspected by a reliable mechanic. With so many people looking…
Join the AutoForm Global Webinar: Smart Engineering Enabling Smart Production at Volvo Cars, May 11, 2023
The quest for “Zero Production Failures” has been a focus of many automotive part producers for the past years – suppliers and OEM’s alike. High output and high cost efficiency are crucial to keep the pace and compete at high levels. Smart Production can be a means to accomplish the mission as long as the…
Used car prices are surging. Here’s why you should buy now
Well, it was nice while it lasted. For nearly a year, the average used vehicle in the United States has been edging toward affordable again for millions of people. The relief felt belated and relatively slight, but it was still welcome. From an eye-watering peak of $31,400 in April of last year, the average price…