By on July 31, 2017

used cars used car lot

Earlier this year, auto lenders assured us that the stagnating car market and an unprecedented number of off-lease vehicles flooding into used vehicle lots would coalesce into the perfect storm of unprofitability. However, despite stoking the flames of terror at the beginning of the year, automotive lenders are doing just fine.

We’re sure you’re all very pleased to read car financiers are still doing so well and have likely collectively exhaled a sigh of relief. But there’s more good news. Some of these companies aren’t just surviving, they’re thriving. Several have even reported record high profits, even though used car prices continue to fall. It may be time to pop the champagne corks, pour out the bubbly, and hoist our glasses for the financial institutions we all love so dearly. (Read More…)

By on June 6, 2017

Carvana dealership, Image: Carvana

Carvana, the company we previously razzed for its innocuous multistory automotive contrivances, has suddenly found itself facing some legitimate problems. The car dealer is now famous for two things: vehicular vending machines and a majority shareholder with criminal ties to a major savings and loan scandal — who also happens to be the father of the business’ CEO and co-founder.

The organization is also facing a share price that has dipped 40 percent since its April 27 IPO. However, that can likely be blamed on an over-saturated used car market. Secondhand cars are incredibly affordable at the moment so, if you wanted to support Carvana or any other used vehicle vendor, now would be a good time. You just have to be alright with doing business with Ernie Garcia II, the ex-con investors are likely going to blame if the share price doesn’t bounce back.  (Read More…)

By on September 9, 2015

meme

I guarantee that every brand loyalist will have a reason to hate me after reading this article.

Every manufacturer sells a shitty car or two and then hides those defects behind a not-so-small army of lawyers, dealers, and corporate employees.

Why?

It’s the corporate American way. In our legal world, the power of denial can save you billions of dollars if you have the right army to fight your battles.

Every manufacturer plays this game. Every… single… one…

(Read More…)

By on March 30, 2015

Millennials In The Back Of A Subaru BRAT

According to a study, Millennials not only prefer to shop for cars via mobile devices, but also at the dealership.

(Read More…)

By on December 23, 2011

 

Josh writes:

I’m currently in the market for a 2005 or 2006 Chevy Tahoe Z71 and was wondering about when would be the best time to buy. Before you question the Tahoe, I’m probably one of the only people who can justify one. I live in Colorado and spend almost every weekend in the mountains hauling people and their gear up 4wd trails and snowy roads to trail heads and sleeping in the back.

I figure that given gas prices going up, this summer would probably see the values drop off. I like to do the opposite of everyone else who will be buying fuel efficient vehicles. But then I read an article by Steve that said the used car market is going to be getting worse. I’ve see prices go down some over the last 6 months (been watching the market), but not by much. So does this summer sound good, should I buy now, or wait for the future? (Read More…)

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