Tag: used cars

Moody’s Analytics says buyers of used cars are paying 54pc more than pre-pandemic even though prices are dropping

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A gradual improvement in the availability of semiconductors has helped car manufacturers lift production levels. Semiconductors are a crucial component in the increasingly sophisticated modern electronics at the core of modern vehicles. Ms Ell said while global vehicle production had not returned to pre-pandemic levels in Europe and Asia, there had been a significant improvement. Vehicle production in Japan in October was 35 per cent higher than in 2021, but was still 11 per cent below the production rate of 2019. Households feel the squeeze Australian Bureau of Statistics figures show that during the September quarter, Australians imported $7.3 billion…
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What happens if I am really struggling?

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col brandingThe average interest rate charged by mortgage lenders is now much higher than many homeowners have been used to. So what can those struggling to make repayments do – and how must their mortgage providers help out? How have tracker, variable and fixed mortgages changed? There are different types of mortgages – all of which have become more costly in recent months.Tracker rates rise and fall in line with the benchmark interest rate the Bank of England sets eight times a yearStandard variable rates (SVR) change at the discretion of the lender – a decision influenced…
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Aerospace Company DOMAERO Takes Controlled Risks Thanks to Numeric Simulation

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DOMAERO, a French aerospace supplier est. in 1990, is specialized in sheet metal forming for the civil, defense, and space markets. Its customers, playing aerospace OEM and tier 1, recognize DOMAERO’s know-how in the field of thin titanium sheet forming for the lightening of aerostructures. The company also works with the typical materials in the field (aluminum, stainless steel, Inconel). Simulation as a tool for action. Ever since they started to use AutoForm in 2021, simulation has undeniably been a tool that has helped DOMAERO get out of its comfort zone: Christophe Bompard, CEO, tells us that without it, they…
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Here’s a look at why

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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 for that month since 2009. Another tracker of wholesale used-car prices, Black Book, said prices rose 0.46% for the week ended March 11, the largest single-week increase since November 2021.Because prices in the used-car wholesale market typically change about four to eight weeks before…
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Should You Sell Your Car to CarMax?

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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 CarMaxtrading one in through the retailers will likely be your most convenient option. So how does the process work when you sell your car at CarMax, and is it a good idea? We set out to find the answers. What is CarMax? First a quick…
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This Company Wants to Change How We Buy and Sell Used Cars

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Dealerships handle the vast majority of vehicle sales in the United States. That in mind, private-party purchases are an important part of the American car market, despite the lack of many security and financial services that come with dealer transactions. Caramel is striving to change that with a new e-commerce platform aimed at improving the private-party sale process by providing dealer-like services to individual buyers and sellers. Disclaimer: Roads & Tracks‘s parent company, Hearst, has invested in Caramel. Ask Americans how they feel about car dealerships, and there won’t be many positive responses. But financing a private-party purchase isn’t easy,…
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