CarStory a Good Buy for Vroom?

Vroom, an emerging e-commerce player in buying and selling used cars, has announced the acquisition of CarStory, itself another used car platform. CarStory’s AI-powered analytics and digital services are what attracted Vroom, through the purchase of Vast Holdings, Inc., CarStory’s parent company.

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Kelley Blue Book's 'Best Resale Value' Awards Goes Carless for 2019

Until subscription services irreparably modify what constitutes “owning” a car, resale value will continue being an important consideration when shopping for a new vehicle. Every dollar you can squeeze out of your vehicle down the road is one you don’t have to hand over at the dealership.

Every year, Kelly Blue Book compiles a list of models occupying the top spots of the resale value charts, and, every year, we’ve watched as passenger cars are gradually replaced by pickups, crossovers, and SUVs. Last year, the Subaru WRX was the only sedan to break into the top 10. However, this year’s KBB list is entirely devoid of cars.

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Used Tesla Values Could Be a Bubble Waiting to Burst

The National Automobile Dealers Association new electric vehicle retention list released last week has a tasty little tidbit in its roundup of value retention rates.

Tesla’s Model S, which topped the 3-year value retention rate list for EVs in the new list, also sported a better value rate for most cars on a similar list released last year for all segments, including mid-size luxury cars. That includes BMW.

But the news may not be all good, all the time.

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Piston Slap: The Luxury Sedan Fanboi Fallacy

Earl writes:

Hi Sajeev,

My wife wants me to sell our pristine, time-capsule 90 Cressida for a 4Runner (or similar) because we live in winter-world. I am looking at used 4Runners and the prices are crazy. Typically a rusted 1996-98 with 350-390,000KM will be asking $5,000 – $6,000CDN. I have seen Lexus LS with half the mileage, far better condition and all services done for that price.

What gives? Are 4Runners that good?

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Piston Slap: The Re-Stocking Fee?


Aaron writes:

Sajeev,

I currently own a 2007 WRX Wagon with a little over 100,000 miles on it. I love this car, even enough to overlook getting merely 21mpg. Anyways.

As is true with many import car owners who love too much, I started modifying the car almost as soon as I got it. It currently has a 3″ exhaust, a tune, and some miscellaneous other engine bits, with suspension components on order. The car is my current project, and I plan on keeping it for some time. There’s a slight problem though.

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Piston Slap: Dumping Your 9-5? 10-4 on That!

Curt writes:

Sajeev,

I’m looking for some Saab selling advice. A couple of years ago I convinced my girlfriend that she would love the functionality and performance of a 2002 Saab 9-5 turbo wagon (5-spd)… perhaps in some small part because I wanted one myself. As she fell in love with the Saab I grew to hate its constant need for attention and respect its ability to find new and creative ways to fail.

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Piston Slap: Relationship Advice, Accord Vs. Panther Love?

Scott writes:

I am a regular TTAC reader and have a question that I hope you can shed some light on. Currently my wife and I own a 2004 Accord with about 100,000 miles and in good shape and a 1993 Grand Marquis with about 90,000 miles which is also in good shape for its age – according to my mechanic we can get at least two more years with basic maintenance. I commute to work in the G. Marquis every day about 50 miles round trip and my wife put 15-20,000 miles per year on the Accord for her job (her Gas is reimbursed at 50 cents / mile).

My wife wants a new car (SUV-we’re thinking FLEX) and I would get the Accord thinking we move up in fleet reliability with more room to tote around a toddler, a large dog, and related items. The Accord has trade in value ($8,500 – $9,500 according to KBB) and the G. Marquis does not ($875-$1,100 according to KBB).

I think it makes more sense to keep the Grand Marquis as long as we can and trade in the Honda considering its value. My wife disagrees. What do you think?

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Piston Slap: The Automotive Equivalent of The End Of The World?

Steven writes:

Hi, Sajeev. I have a dilemma that I need your advice on.

I’m in a rural area of Central Ohio and have a 2000 Ford Expedition Eddie Bauer, 5.4 V8, just shy of 144,000 miles, leather, 3rd row seat, air suspension, etc., etc.. We got it to tow our livestock trailer, but now with an ’05 Chevy Silverado 2500 Crew I no longer need it (daily driver into Columbus is a ’10 Subie Forester). It’s all paid for, so no pay off issues. It’s in pretty good shape, clean, loaded to the gills as most Eddie Bauer editions are. It has some electrical glitches that no one seems to be able to fix, so when it’s parked, all the time now, I have a battery cut off switch to save the battery. The engine did blow out a spark plug awhile back but the local dealer was able to helicoil the head and it’s held up.

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Hyundai's Long-Term Values: Mostly Created Equal
Hyundai’s latest Assurance marketing technique, which guarantees resale values on all 20111 model-year purchases, is already being hailed as the latest…
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Hyundai Guarantees Resale Values
Hyundai has received a lot of attention recently for improvements in its product lineup, but as TTAC has proved, it’s actually the brand’s non-pr…
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BMW Megacity EV Taking The Path Of Lease Resistance?
As TTAC has argued before, electric cars are great… as long as you don’t have to own one. Now, even the automakers are starting to wonder if the…
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Who Ruled The Rental Fleets In 2010?

One of the questions that came up in yesterday’s post, The Truth About The Ten Best-Selling Sedans Of 2010, was how to interpret a high percentage of fleet sales. After all, “fleet sales” could describe a huge variety of sales to diverse buyers at widely varying price (and profit) points. Rental fleet sales are widely seen as being far worse than other types of sales, which is why the resale value trackers at Automotive Lease Guide keep such a close eye on what they call “Rental Fleet Penetration.” In its latest newsletter, ALG notes

ALG tracks several key metrics that impact residual values and brand health. Of these metrics, rental fleet penetration (RFP), which ALG measures as the total number of vehicles sold into rental fleet channels divided by total sales, has been found to have an impact on both residual performance and perception of quality… As a general rule, ALG recommends RFP levels below 10% for Mainstream brands and

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EVs Are Great, Just Don't Buy The Battery Part Two: 50 Percent Depreciation In Three Years
With the Mitsubishi i-miev electric car about to hit the British market, the BBC decided to break down the Pounds and tuppence behind the EV hype. And though…
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EVs Are Great, Just Don't Buy The Battery

After one year of ownership we would expect EV residual values to be above the segment average expressed in terms of pound values. But, if the battery is owned rather than leased, and lacks the appropriate extended warranty, the value of the typical EV will then fall dramatically until the vehicle is five years old, at which point the car will have a trade value little more than 10 per cent of the list price

So says Andy Carroll, managing director of the British car-buying bible, Glass’s Guide. He tells BusinessCar that Nissan and other firms launching EVs in Britain should take out the battery cost and lease it to customers with minimum monthly performance clauses. This, he says, would dispel concerns, drive sales, and transform the resale picture. It’s also what Project Better Place is doing, albeit in a complete regional package with battery-swap stations and charging infrastructure.

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Detroit Tops May Incentives, Residuals Rise Regardless

Once again Detroit finds itself atop Edmunds’ True Cost of Incentive ranking of the top seven automakers [via earthtimes], as the domestic OEMs spent about $1.7b (or, about 60 percent) of the $2.8b paid out by the entire industry on incentives last month. Trucks were the most heavily discounted segment, with average incentives running around $4,650, or nearly 13 percent of the average segment sticker price. Saab spent the most by brand, slapping an average of $6,813 on its vehicles, with Lincoln coming in second at $4,987 per vehicle sold. Saab’s incentives equaled 17.1 percent of its average vehicle price, while Chrysler gave away about 12.2 percent of its average vehicle price last month.

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  • FreedMike On the one hand, it doesn't look good. On the other hand, not releasing the car into the hands of the general public until the obvious bugs are worked out is a good idea for a brand new company. Time will tell.
  • FreedMike I do take phone calls using Car Play if I'm not in traffic; it's a little bit of a distraction, but not much. I think it's certainly within an acceptable risk margin if you're not in heavy traffic. Back in the old days when I had a manual car and no Bluetooth, I never used the phone while driving at all.
  • FreedMike I guess some folks are just bound and determined to drive around with a grenade in their steering wheel.
  • FreedMike Bit dear, but these might have collector appeal, particularly one with 20,000 miles (assuming that's not a doctored figure) that hasn't had the full "whip" treatment.
  • Adam4562 I have Bluetooth in my car , the name comes up and I answer . It goes through the speaker. I’ll text on a stop sign or red light . If it’s really urgent hill pull over .