By on April 5, 2017

used cars used car lot

The auto industry has really turned a corner over the last decade, but this year has been underlined by an unsettling lack of interest in new vehicles — potentially hinting at the return of a industry-wide crisis. The good news is that abnormally high used car prices are sinking like a stone. The flip-side of that coin, however, means that we could be approaching darker days as more consumers shy away from the new vehicle market.

Most carmakers spent last year enjoying record sales but seemed keenly aware that the market was about to plateau. However, 2017 sales have stagnated more than predicted, with rising interest rates and deflated prices seen on second-hand automobiles. It all looks very pre-recessionish and some analysts are beginning to make fearful noises.  (Read More…)

Recent Comments

  • SC5door: Fiat build quality for $30K? Pass.
  • SC5door: Only way to get 201 HP is to require premium fuel for the 1.6T. Some Kona owner ran theirs only on premium...
  • Carlson Fan: This is good news. Hopefully it will help flood the market in a few years with used lease return...
  • Tele Vision: Gasoline and its fractions will be around for many years. Diesel makes nearly everything that cars drive...
  • NormSV650: Probably the most miles it will see for the rest of the decade….

New Car Research

Get a Free Dealer Quote

Staff

  • Contributors

  • Timothy Cain, Canada
  • Matthew Guy, Canada
  • Ronnie Schreiber, United States
  • Bozi Tatarevic, United States
  • Chris Tonn, United States
  • Corey Lewis, United States
  • Mark Baruth, United States
  • Moderators

  • Adam Tonge, United States
  • Corey Lewis, United States