#UsedCars
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.
Rare Rides Icons: The Toyota Cressida Story (Part IV)
We’ve come to the end of our Cressida journey, and the short-lived fourth generation. Conservative and staid as ever, Cressida’s final entry was squeezed out of the lineup from above and below: The crushing weight of Lexus came down upon the late Eighties Cressida shortly after its introduction, while Camry smashed it from below. Put on your Urban Sombrero and let’s go.
Rare Rides: The 1975 Aston Martin Lagonda Series I, One of Seven
The Rare Rides series has covered every generation of Aston Martin’s Lagonda four-door except one. In the Sixties, the Lagonda Rapide helped to define the super sedan class: A grand tourer that could sweep four passengers and their luggage across Continental Europe with ease.
Then there was the late Seventies Lagonda, which had a long production run through 1990. Advanced electronically, that Lagonda was too ambitious and generally earned its reputation as a good-looking, expensive disaster. Finally, there was the Lagonda Taraf, a large sedan designed specifically and cynically for the UAE market. It was built to extract maximum dollars from oil barons and the like. Great success!
But between Lagonda Rapide and Lagonda was a missing link. It was called the Lagonda Series I and is the rarest Aston Martin Lagonda ever made. And one is for sale.
Rare Rides Icons: The Toyota Cressida Story (Part III)
Today we find ourselves in the third installment of Toyota Cressida coverage. The first Cressida bowed in 1978 with curvy European styling influences and was a more luxurious take of the Corona Mark II with which North American consumers were already familiar. After a short run from 1978 through 1980, a second-generation Cressida was introduced for ’81. It pursued a much more traditional three-box sedan shape, and looked quite Japanese despite marketing statements about how it was “European looking.”
Under the conservative shape were a number of whiz-bang electronic features, all applied to an interior that was redesigned solely for the American market Cressida. The second Cressida was more successful than the first, and new tech features like electronic fuel injection made it more desirable. After another short model run from 1981 to 1984, it was time for the third generation Cressida. The new one in 1985 was even more conservatively styled than the two that came before it. Say hello to X70.
Rare Rides Icons: The Toyota Cressida Story (Part II)
In Part I of this series we were introduced to Toyota’s Cressida, aka Mark II in almost every other market. A “new” model for the North American market, Cressida picked up where the Corona Mark II left off. The main reason behind the branding change was that Cressida had greater upmarket intentions than the Mark II. When it arrived for 1978 in North America, Cressida wore entirely different styling to its predecessor: Upright, formal shapes replaced the faster-looking curves of the Mark II. The conservative mid-sizer wore a Euro-inspired visage with many Jaguar cues, and the rest of the styling was a mixed bag of American and Japanese flavors.
But the first generation was not long for the world, and after just three model years Toyota released an all-new Cressida. This second edition stuck much closer to Toyota’s typical three-box playbook and added Eighties technology into the bargain. Time for X60.
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