Edmunds' Q2 2015 Used Vehicle Market Report finds that the average price of a used car has gone up 7.6 percent compared to 2014, to $18,800, driven by pickup trucks and cars eight years old and older.
This year's surge in new car sales could make for cheaper used cars down the road.
In a day and age where it's easy to spec out a $28,000 Ford Focus or a $70,000+ Ram pickup, there's no doubting that new vehicle prices have gotten quite high. According to Ward's Auto, more and more analysts fear that the trend toward higher transaction prices may negatively affect an auto industry that is still on the rebound.
If you've looked into purchasing a new car recently, we likely don't need to tell you prices are plenty lofty. According to TrueCar.com's data, the average selling price of a new car sold here in the U.S. last month was $30,748, marking an all-time record (last year's figure was just $28,771). While buyers are currently looking toward smaller, less expensive and more fuel-efficient models, overall vehicle sales have jumped ahead of the rest of the slowly recovering economy. In addition, manufact
The earthquake and tsunami in Japan wreaked havoc on the automotive supply chain. Toyota, Honda and Nissan lost many thousands of units to the natural disaster, which meant that car buyers here in the U.S. sometimes had a difficult time finding and buying certain vehicles. We know how these disruptions hurt sales, but a study conducted by ALG shows that prices were also shifted because of the shortage of key vehicles.
According to a new study by Automotive Lease Guide, fuel prices play a huge role in how much your vehicle depreciates over time.No surprise there, but the specifics of the study are a little jarring all the same. USA Today reports that the study found that when gas costs increase by a single dollar, less efficient, large SUVs see their value stumble by a whopping 13 percent. On the other hand, that same rise in fuel prices will cause the value of more fuel efficient models to increase by 10 perc
General Motors has joined the list of automakers who are hiking prices this year, thanks to increased oil and steel costs. Thanks to escalating prices worldwide, Toyota and Ford have both already implemented similar MSRP hikes.
The cynic in you might think that a rise in the price of used vehicles, just as new car sales are cratering worse than anyone can remember, is a not-so-transparent ploy to overcharge buyers. It turns out to be more a case of supply versus demand. Wholesale used car prices are bumping up as a result of sagging new car sales, according to auto auction company Manheim. Two-thirds of new car sales have a trade-in attached, which creates a supply stream of pre-owned vehicles to recycle onto dealer lo
A gent named Chris at VW of Langhorne, Pennsylvania, just received the order guide for the Touareg V6 TDI, and the numbers reveal that it will arrive on our shores in January with a base price of $42,800, or $43,490 with the destination charge. That base price is $3,500 more than the Touareg V6 FSI, money that will get you slightly less horsepower but about 150 lb-ft. more torque and about 4.5 more mpg. Options include the Luxury Package for $2,700, Tech Package for $3,350, and Luxury Plus for $
Recently, Toyota adjusted its sales projections for 2008 downward, and although GM is not following suit, it is hedging its bets by moving some non-product related expenses, i.e. stuff that cost money but doesn't have much to do with cars, to the end of the year. Another possibility currently being considered at GM is raising the price of some of its vehicles. These price increases would cover the rising cost of the commodities required to actually build the vehicles, but we presume it would als