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Used Car Prices Once More on the Rise in November

2019 Nissan LEAF PLUS IZEV Program
Prices are up 27.9% on average in November 2021 over 2020. October 2021 prices were up 24.9 over the same period in 2020. Fuel-efficient cars lead the way with huge gains. This past November has once again witnessed massive increases in used cars prices....

Buying a Used Mitsubishi Mirage Cost 50% More in August 2021 than in 2020

Used car prices remained insanely high in August. The average price increase was 26.2% or $6,454. This percentage is down from June and July. The impact of the global microchip shortage continues to be felt in the industry. We’ve all seen how pre-owned car...

The Effects of the Ongoing Chip Shortage Should End in Six to Nine Months

The chip shortage is directly responsible for strong inflation readings in the US. New vehicle production cuts created strong demand for both new and used vehicles. Semi-conductor production capacity has risen and is rising in the US. Perhaps one of the most reported side-effects...

Microchip Shortage Drives Up Some Used Car Pricing Above New

Continued strong demand and non-existent inventory have made some late-model used vehicles more valuable than when they were new. One used vehicle is worth 8.1% more now than a new one. Overall, 16 vehicles have been identified as costing more used than when...

Rising Used-Car Prices Should Come To An End Soon

used 2016 Honda Civic LX
Various factors involved in the trend are slowing one being a return to normality after the pandemic.  Costs for used cars rose 10% in April and another 7.3% in May. The situation has come about because of many pandemic-driven shifts in supply and demand....

Average Vehicle Age Reaches A Record 12 Years In The US

Improved quality and durability are important factors. Rising new vehicle and soaring used car prices are also responsible for this trend. Overall vehicle quality has increased dramatically, in some cases, over the last few decades. Vehicles are being driven further today than they were...

CarMax Completes Acquisition Of Edmunds

Back in January 2020, CarMax purchased a minority stake. Despite this transaction, both companies will continue to operate independently. This transaction brings together two of the US’ best-known auto-related name brands and will create a number of strategic initiatives. Thanks to Edmunds’ vast online...

Hertz Impending Bankruptcy May Severely Hurt The Deflated Used Car Market

Mismanagement and debt have plagued the company for years. The pandemic has all but killed rental car companies. Hertz owns the vast majority of its fleet, contrary to its competitors. All companies and services related to travel and tourism have been hurt by the...

2015 Honda Civic at a Glance

2015 Honda Civic exterior
You can't really go wrong with a Honda Civic of this era, you just can't expect to have a lot of fun behind the wheel. The Honda Civic is among the most popular cars on the pre-owned market and with good reason. The 2015 Honda...