Why used car prices are going up again

By on
New data shows used car prices which surged during the pandemic, are now stubbornly remaining there despite recent weakness in the market. According to the highly-watched Manheim Used Vehicle Value Index (which tracks wholesale used-car prices at dealer auctions), used car prices jumped 3.7% in February compared to January of this year, which was also higher than the prior month. Manheim says the 3.7% jump in February was the largest increase for the month on record since a 4.4% rise in February 2009. Manheim says this jump in prices is not typical for the time of year. “The US auto…
Continue reading

Most Dangerous Car Colors Revealed

By on
Drivers have been warned to think carefully about what car they choose because certain color choices can put them at a significantly higher risk of an accident. According to motoring safety experts at Road Angel, motorists who own a red vehicle are most likely to be in danger on the roads. While the safety features and ratings are at the top of the list when searching for a new ride, drivers are urged to consider opting for a statistically safer shade. Research has revealed that a staggering 60% of red cars have reportedly been in accidents, making it the most…
Continue reading

When Is the Best Time to Buy a Car?

By on
Best holidays to buy a car Three-day weekends It’s hard to miss the inflatable eagles, gorillas and wacky waving tube men that dot car lots, to say nothing of the ads that promise “rock-bottom” prices. Does a “Star-Spangled Sale-a-Bration” mean savings for you? It can, but be prepared for a busier-than-normal showroom. Ideally, you want to do your research and test drive before the holiday and close the deal on the weekend. Or, better yet, sew up the deal on the first weekday after the weekend. Here’s a deeper dive into shopping on a holiday weekend. And the following is…
Continue reading

CarMax fights used car inflation with digital shopping

By on
Used-car retailer CarMax is continuing to fight against a consumer market that was destabilized during the pandemic and has yet to reach equilibrium, mirrored by high prices and slower sales activity.The company told investors Tuesday that it would continue to weather the storm and that it has been pushing to increase sales activity with a shift toward offering online help for shopping and lending.The company saw declines across a number of major financial categories for the fiscal year that ended on Feb. 28. It posted net revenue of $29.7 billion, representing a 6.9 percent decrease over the previous…
Continue reading

Reynolds and Reynolds acquires Canada’s DealerCorp Solutions

By on
Retail technology company Reynolds and Reynolds has acquired DealerCorp Solutions of Markham, Ont., after a successful test run as a software partner. The deal was announced April 3. Financial terms were not disclosed. DealerCorp Solutions is a software company with a focus on developing cloud applications for the auto industry in Canada. The new deal builds on a partnership that began in August 2021, when DealerCorp allowed Reynolds to become a licensed reseller of DealerCorp’s product, deskit The program is a digital retailing tool allowing dealers to present sales and F&I options on any screen, including wall-mounted screens, kiosks, tablets…
Continue reading

Struggling with an Equivalent Material Card? Material Scattering Simulation Can Help

By on
It is well known that tool makers really struggle in creating a material card that describes material behavior under deformation made by the stamping process. Most of the time they end up using an equivalent material card or a card created by using a very limited amount of data (and use generic assumptions). In this article Ramandeep Singh, AutoForm Technical Account Manager India, explains how considering material scattering can support engineering delivering reliable data to tool shopsOver the last few decades, simulation software has become standard practice for virtually validating the stamping process. To ensure correspondence between digital and…
Continue reading

Interior Car Accessories Market 2023 Global Size, Growth, Future Scope, Segmentation, Technology & Key Players Analysis By 2030

By on
PRESS RELEASE Published April 11, 2023Using recent data collected by our own researchers. These provide you with historical and future data that is being investigated to show you why the Interior Car Accessories market is changing; this allows you to anticipate changes in the industry and stay ahead of your competitors. Indicates the region and market sector most likely to grow rapidly and dominate the Interior Car Accessories market. Complete company profiles for the major Interior Car Accessories market participants, including company overviews, insights, product benchmarking, and SWOT analysis. The sector’s market forecast, taking recent developments into account, including…
Continue reading

Geely: All options on the table on Volvo AB stake

By on
“Anything is possible in the future,” Oscarsson said. “For the time being we have no intention to change our position in the company.” He didn’t exclude Geely taking a more active ownership role such as requesting a board seat or joining the nominee committee. Geely, which owns a web of automotive interests in Europe, controls 8.2 percent of Volvo’s share capital and 16 percent of votes. Swedish investment company Industrivarden AB is the biggest stakeholder with 27.8 percent of votes. Geely bought the stake in Volvo in 2018 from activist investor Cevian Capital AB and has viewed the holding then…
Continue reading