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The tsunami of pre-owned vehicles flooding dealer lots is great news for those seeking an affordable, low-wear used car, but the previous owners are taking a hit.
More than ever before, owners returning their vehicle for a trade-in are discovering their old car’s value sank faster than their ability to pay it off. New car buyers, take warning. Read More >
Having endured 12 hard Canadian winters on an island covered in red dirt, this 2004 Toyota Camry is about to enter its thirteenth; its tenth since my father-in-law took ownership.
That red dirt is truly key to the story, because its color comes from Prince Edward Island’s high iron oxide content. Yes, that iron oxide. Rust.
But the Camry, undercoated three times since 2007, is an almost rust-free wonder with nearly 340,000 miles under its belt. Read More >
Three Kansas City teenagers took a dream road trip last Friday, only to crash a stolen Dodge Challenger Hellcat and two Charger Hellcat sedans less than a mile down the road.
That, Toyota is finally considering a long-range electric vehicle, Jaguar’s deal with Silverstone goes off-track, and AutoNation is staying put where it is.
Read More >
Modern vehicles are, for the most part, a treasure trove of technology designed to keep your sorry butt out of the emergency room, but not every driver enjoys such luxuries.
The average vehicle on the road is 11 or 12 years old, hailing from a time when backup cameras needed to be hand held, side airbags were a new and rare option, and five-star safety ratings weren’t easy to come by — especially in the types of vehicles you see in a Walmart parking lot.
Well, we now have a list of the most dangerous average-age vehicles on the road. Expect to lose some sleep if you’re unlucky enough to have one of these rides sitting in your driveway. Read More >
The used car market? Saturated. The battle? About to begin.
America’s largest new-car retailer knows there’s money in them there pre-owned vehicles and has hatched a half-billion-dollar plan to take on the country’s largest used-car retailer. Read More >
Is there a tiny pinpoint of light that can stir some meager hope in the heart of the compact and midsize passenger car segment? No, no there isn’t.
Even as sticker prices for these vehicles rise and as manufacturers endow them with enough technological goodies to make your mom’s car from yesterday look like a chuckwagon, retained value is dropping as fast as the segments’ market share.
Once a driving force, the segment has now become a red-headed stepchild at auction. Read More >
Autumn is here, leaves are falling, and dealers are marking down remaining 2016 inventory to free up room for models that won’t sound old in three months.
It’s a good time to hunt for that smoking deal on the 2016 vehicle of your dreams, but if your dreams — and bank balance — fail to reach that goal, looking back another model year could save you a lot of money.
New car looks and a low entry price can be yours if you’re willing to live with a vehicle boasting limited appeal and awful resale value. These are your best bets. Read More >
One- to three-year-old-vehicles are pouring back onto dealer lots, but the predicted drop in used vehicle prices hasn’t happened yet.
Consumer choices (meaning: trucks, trucks, trucks) and the high value of returning vehicles are keeping used prices near record levels, but analysts still expect a drop later this year, Automotive News reports. Read More >
Owners of orange or yellow cars should consider themselves blessed, especially if they’re planning on selling.
A study of 1.6 million three-year-old vehicles by iSeeCars.com reveals that a vehicle’s paint color has a big effect on depreciation and the amount of time it takes to sell. Read More >
The record-setting surge of new vehicle sales as America climbed out of the recession sparked a whole new kind of automotive competition.
A surge in off-lease vehicles returning to dealer lots means the certified pre-owned (CPO) market — once an unsexy afterthought — is now a battleground, and Kia Motors wants everyone to know how well it’s doing. Read More >