#UsedCars
Used Car Dealer Wants $375k for a Lightly Used Corvette Z06
The Corvette Z06 is often hailed as “America’s supercar” or the “supercar killer,” and much of the praise comes as a result of its relatively decent starting price. The 2023 Z06 has a starting MSRP of just $105,300, less than half the price of the cheapest Ferrari. With options and upgrades, it’s possible to push the price of a Z06 convertible past $160,000, but that’s only a fraction of one Illinois dealer’s asking price. Volo Auto Sales has a 2023 Corvette Z06 3LZ on sale for $375,000, more than 2.5 times the car’s $148,495 sticker price.
Used Car of the Day: 2019 Tesla Model 3
Would you buy a used Tesla right now, given all of Elon Musk's controversies with Tesla and Twitter?
Would you pay $44,000 for one?
Used Car of the Day: 1969 Scrambler
Here's a fun one: A 1969 Scrambler that seems setup for drag racing.
QOTD: Can Carvana Be Saved? If So, How?
I just posted about Carvana's most recent financial woes. So, naturally, I have to ask -- can the company be saved? If so, how?
Carvana Stock Tanks As Company Faces Possible Bankruptcy
Carvana is in trouble.
The used-car company, known for its large "car vending machines" that can be seen along busy suburban freeways, is seeing its stock tank in the wake of a Bloomberg report that at least some of its creditors are making a pact that binds them to work together in negotiations with it.
Used Car of the Day: 1981 Volkswagen Pickup
The Ford Maverick has gotten a lot of attention over the past year, but it was preceded by many a small pickup. Including this 1981 Volkswagen Rabbit.
Carvana Takes Another Hit
Carvana is going to cut 1,500 jobs, which is about 8 percent of its workforce.
Want to Roll Back Miles on Your Used Lambo? Just Spend Some Money
We all know the scene in Ferris Bueller's Day Off where Ferris and Cameron tried to roll back the mileage on Cameron's dad's prized Ferrari -- an attempt that ended with the car shooting out of the garage and into a ravine.
Carvana Lost $500 Million Last Quarter
Carvana – the used vehicle retailer with giant automotive vending machines – has reported that it suffered a $508 million net loss for the third quarter of 2022. Combined with the $945 million it bled through the first half of the year, the business is upside down for nearly $1.5 billion and we’ve still got three months left.
Report: Wholesale Used Car Prices Are Coming Down, Don't Get Too Excited
If you’ve started hoarding auto parts in the event that future car prices fail to stabilize, leaving you indefinitely maintaining whatever heap is currently in your garage, there’s some good news incoming. Used vehicle prices have begun to fall, even if they’ve not yet reached the kind of valuations we might actually consider reasonable.
Documentary Series The Last Independent Automaker in Production, Will Chronicle the Life and Times of American Motors Corporation
A new documentary is currently in production and promises to be of interest to many of our readership. It’s about everyone’s favorite underdog automaker, American Motors Corporation (1954-1988)! Pride of Kenosha, Wisconsin. The team behind the production of The Last Independent Automaker is assembling a deep dive into the brand’s history, which started in 1954 when car and refrigerator manufacturer Nash-Kelvinator Corporation acquired Hudson Motor Car Company, and formed AMC.
Used Cars Stop Doing What Buyers Complain About: Depreciating
Buying a new car instead of purchasing a used one is almost justified, if one takes a close look at the numbers.
Car Buyers Will Walk 500 Miles for a Car (Some Would Walk 500 More)
Ok, maybe they wouldn’t walk five hundred miles but a new study from the eggheads at an American research group suggest customers are now willing to travel an average of 469 miles in order to buy a car.
Average Age of U.S. Light Vehicles Older Than Ever
S&P Global Mobility has reported that the average U.S. automobile is now 12.2 years old, which it said represented a 2 percent increase since 2021. While relatively modest, the general trend for the last five years has been for vehicles to get older as drivers attempted to milk more life from beleaguered hardware.
Much of this has been attributed to North America’s broadening wealth gap and general improvements in vehicle longevity. If you look back at Department of Transportation data from the 1990s, the average age of a car was under nine years. By 2007, the typical car would see its 10th birthday before scrappage and the number has continued to climb from there. Much of that is due to households having to make do with tighter budgets, which was arguably made easier by modern powertrains that can easily exceed 100,000 miles before needing any serious maintenance.
Honda to CPO Used Cars a Decade Old
If you’re shopping for a second-hand Honda or Acura older than even that forgotten bottle of ranch in the back of your fridge, we’ve some good news. Those brands are allegedly expanding their HondaTrue certified pre-owned program to vehicles stretching back 10 years from its original in-service date.
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