Used Car Buying
Want a cheap used car to nip around town without running the gauntlet of coronavirus on public transport? Welcome to Pandemic Motors, we have just what you need. Across Europe, people are snapping up old bangers, clunkers, Klapperkasten, tacots and catorci, desperate to avoid buses and trains but wary of splashing out on a shiny new motor in uncertain economic times.
While that easing pressure on pinched consumers might offer a benefit to Republican President Donald Trump's reelection prospects against Democratic challenger Joe Biden, it does come with a big "on the other hand" caveat: It is the latest sign of fading momentum in the rebound from this spring's record-setting economic slump. A bit of inflation typically is an indication of strengthening demand, an encouraging signal that consumers have reliable sources of income allowing them to contribute to
U.S. consumer prices rose solidly in August, with the cost of used cars and trucks accelerating by the most in more than 51 years likely as Americans shunned public transportation because of fears of contracting COVID-19. The report from the Labor Department on Friday also showed a firming in underlying inflation last month, putting fears of deflation to rest. "Consumer prices are rebounding from the pandemic shock, but as supply shortages are resolved, upward price increases should moderate,"
Plus the 2021 Honda Odyssey and 2020 Mercedes-AMG GLC 43
Plus a possible electric Corvette, used car prices and the state of the auto industry in 2020
We've ranked all the pickup trucks that have been on the market for at least three years by resale value. See how much each vehicle depreciates right here.
After years of being part of a future that never quite arrived, the coronavirus pandemic has put U.S. online car sellers on the map. Now comes a race to spend vast sums on digital commerce platforms specifically designed to handle auto sales. Without deep pockets, many startups and others trying to join the online game will likely be left in the dust.
Some cars depreciate a lot more than others. These are the vehicles that lost the most value after three years of ownership.
Plus, we drive the 2020 GMC Sierra 1500 with a diesel and the 2020 VW Atlas Cross Sport