Category: Used Cars

KIA: The Total Benefits of Successful Digital Transformation, Part III: Failures to Success!

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This is part three of a three part hot forming series exploring how KIA has researched the current technologies which enable digitization in hot stamping at all business and supplier levels. In this post we see how KIA ininvestigated which software systems could satisfy the requirements of full digitization. They were not afraid to share the reasons for their initial digital transformation failure and what they did to enable this megatrend. Finally, they explored the cost benefits of “digital die spotting” on hot stamped parts as demonstrated in part two. See Part One | Part Two | This is Part…
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The 10 fastest selling used cars all took 15 days or less to shift

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Selling a second-hand car can sometimes be an arduous labour. Posting an advertisement, taking phone calls from tire kickers and making the time to allow for potential buyers to visit and test drive can take up plenty of your time. But not if you own one of the fastest selling motors, we can exclusively reveal. That’s according to one of the nation’s biggest used car marketplaces, which says the fastest selling model is a German SUV that – on average – is advertised for just 11 days before a buyer is found. The 10 fastest selling used cars of the…
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When will car prices drop?

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If you’re like many would-be vehicle shoppers, you may be wondering when prices will finally drop. For the past two years, the high cost of new and used vehicles has repelled many Canadians who may have otherwise considered trading their vehicle in or buying a new one. The good news is that the vehicle market seems to be finally stabilizing, which means that the cost of used and new vehicles could drop significantly in the coming months. Today, I’ll explain why vehicle prices might drop and outline some driving forces behind the current cost of vehicles in Canada. THE DRIVING…
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KIA Success in the Digital Transformation in Hot Stamped Parts, Part II: Application of Digital Die Spotting

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A Focus on the Product and Business Processes of Manufacturing Ecosystems This is part two of a three part hot forming series exploring how KIA has researched the current technologies which enable digitization in hot stamping at all business and supplier levels. In this post we see how KIA applied digital die spotting to their hot forming process. The business success of the automotive digital transformation from a technological, organizational, and cultural perspective is the most difficult part of its implementation. One of the reasons is product competitiveness is deeply dependent on the level of digitalization operated at their supplier…
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Inflation persists and car prices are a big reason

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‌Car prices soared after the coronavirus lockdowns, and two years into the United States’ worst inflationary episode since the 1980s, the industry demonstrated that getting back to normal will be a long and lurching ride. In 2021 and early 2022, global shipping problems, a semiconductor shortage and factory shutdowns coincided with strong demand to push vehicle prices sharply higher. Economists had hoped that prices might ease as supply chains healed and the Federal Reserve’s interest rate increased deterred borrowers. Instead, prices for new cars have risen further. Domestic automakers are still producing fewer cars and focusing on more profitable luxury…
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Wholesale used vehicle prices fall as sales weaken

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A sign reads ‘We Buy Used Cars!!’ at an auto dealership on February 15, 2023 in Glendale, California. Mario Tama | Getty Images DETROIT – Wholesale used vehicle prices reached their lowest level of the year in May, as sales fell amid high interest rates and inflated retail prices. Cox Automotive reported Wednesday a 2.7% decline from April to May in its Manheim Used Vehicle Value Index to 224.5. It marks the second consecutive monthly decline and the index’s lowest level since 219.3 in December. The index, which tracks vehicles sold at its US wholesale dealership auctions, remains elevated from…
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After Losing My Mom, I Developed 1 Strange TV Fixation. Here’s How It Helped Me Heal.

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The author working on her own renovation project of turning a shed into a writing room. The author working on her own renovation project of turning a shed into a writing room. As a young girl, I learned to use my imagination to escape childhood neglect and abuse. This well-honed coping skill allowed me to succeed in adulthood. I formed solid relationships, excelled in my career and was respected for my engaging leadership style. Outwardly, I appeared emotionally strong, capable and happy. But if you build a beautiful house on a cracked foundation, eventually, critical problems will arise that cannot…
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Here are all the used EVs that qualify for the new $4,000 tax credit

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January 1, 2023 marked the dawn of another year for the world, but in the realm of EVs, purchases made by US consumers more specifically, the date kicked off a fresh start of new tax credits for vehicles both new and used. While much of the dust is still settling on the Capitol as it works to implement new qualifying terms for tax credits, we do have some information about what EVs will and will not qualify for. Here’s what we know so far. A used EV might be the way to go in 2023 Although the $7,500 federal tax…
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