Shrugging off Fed’s Interest Rate Hike Campaign, Car Prices Resume Their Surge in Early 2023

Shrugging off Fed’s Interest Rate Hike Campaign, Car Prices Resume Their Surge in Early 2023 Car market inflation driven by most expensive used vehicles segments like SUVs, up a staggering 8% in the past eight weeks Chicago, IL – May 4, 2023 – Chaos is back in the used car market. While prices had finally started to drop towards normal late last year, this trend has abruptly reversed course.

Sportscar/Exotic Value Retention: Best & Worst Brands

Sportscar/Exotic Value Retention: Best & Worst Brands Updated: September 2023 The tables below show the difference between a 5-year-old car brand’s original average MSRP and current average used listing prices. This highlights how well the original value was retained over a period of 5 years for each brand.

Sportscar/Exotic Value Retention: Best & Worst Models

Sportscar/Exotic Value Retention: Best & Worst Models Updated: September 2023 The tables below show the difference between a 5-year-old car’s original average MSRP and current average used listing prices. This highlights how much of a vehicle’s original value was retained over a period of 5 years.

Stellantis at a Crossroads: Sky-High Prices and Inventory Alienate Consumers and Dealers, While Threat of Another UAW Strike Looms

Stellantis at a Crossroads: Sky-High Prices and Inventory Alienate Consumers and Dealers, While Threat of Another UAW Strike Looms September 2024 Stellantis – the parent company of U.S. car brands Chrysler, Dodge, Jeep, and Ram — is facing some serious challenges. With prices still extremely elevated from pre-COVID norms, its U.S. sales are down significantly, by 21% year-over-year as of Q1. Dealer inventories of key brands are piling up on lots, forcing Stellantis to consider new ways to help clear stock including potential price cuts and incentives.

Surging Demand Drives Used Car Prices Up For First Time In Seven Months, Delaying the Market’s Return to Normal

Surging Demand Drives Used Car Prices Up For First Time In Seven Months, Delaying the Market’s Return to Normal Price increases are led by 1-3 year old cars, which are once again priced more than $10,000 above projected normal levels Early March confirms a price rebound across segments, brands, and fuel types, based on strong sales, falling inventory, and high wholesale prices paid by dealers Expect prices to rise during March and into April due to tax refunds and consumer confidence that is defying Fed attempts to quell inflation; then depreciation to resume later in the year

SUV Value Retention: Best & Worst Brands

SUV Value Retention: Best & Worst Brands Updated: September 2023 The tables below show the difference between a 5-year-old car brand’s original average MSRP and current average used listing prices. This highlights how well the original value was retained over a period of 5 years for each brand.

SUV Value Retention: Best & Worst Models

SUV Value Retention: Best & Worst Models Updated: September 2023 The tables below show the difference between a 5-year-old car’s original average MSRP and current average used listing prices. This highlights how much of a vehicle’s original value was retained over a period of 5 years.

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Tesla Cybertruck: Viral Buzz and Backlash

Tesla Cybertruck: Viral Buzz and Backlash October 2024 With its angular and armored appearance, Tesla’s Cybertruck had a highly-publicized debut as the futuristic truck designed to revolutionize the auto market. There was no shortage of buyers or hype surrounding its release, with Tesla Chief Executive Elon Musk at one point stating that more than one million people held reservations ahead of the vehicle’s official release. Despite a rocky launch, with manufacturing challenges, recalls, and delays, Tesla has so far delivered more than 11,000 trucks to eager customers.

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