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…
Tag: used car sales
Just one in 10 Brits would buy a used car with over 100,000 miles on the clock – would you take the risk?
JUST ONE in 10 drivers in the UK would purchase a used car that had more than 100,000 miles on the clock, a survey has revealed. Despite a shortage of used cars entering the market, CarGurus, an online automotive platform to buy and sell used vehicles, found that only 13.3% of drivers would be willing…
Wholesale used vehicle prices fall as sales weaken
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%…
What Car Made You Do a Double Take at a Used Car Lot?
Photo: Chevrolet I love driving past used car lots. It’s basically a spectator sport for me, which is thrilling and exciting, and full of hope but also disappointed. Every now and then, I’ll run into something unexpected, like a Chevy SS or Jeep Wrangler Unlimited LJ. When that happens, I usually spend the next few…