By on April 21, 2020

2017 ford fusion, Image: Ford Motor Co.

At this point, only two things in our present reality bear any similarity to what took place in the Great Before: average new car transaction prices are shooting for the Van Allen Belt, and pickups sell like hotcakes. The relationship between 1 and 2 can’t be downplayed.

Everything else has been turned upside down by the coronavirus pandemic and the resulting plunge in sales spurred by both fear and state lockdown measures. Domestic market share is up, zero-interest loans are proliferating, and used vehicle prices are falling through the floor.

That latter issue could spell big losses for manufacturers whose main business is selling new vehicles. (Read More…)

By on January 30, 2019

Image: Toyota

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.  (Read More…)

By on October 6, 2018

We’ve discussed the issues facing used vehicle buyers a fair bit in the recent past, but September data shows the market’s quickly rising prices did not cool off with the arrival of autumn. Wholesale used vehicle prices continued to climb, with the Manheim Used Vehicle Value Index reaching its highest point in history.

Breaking down the numbers, it appears used car shoppers with the least amount of money to spend are seeing the greatest increases in price. It’s a cruel world out there. (Read More…)

By on June 29, 2018

There aren’t too many vehicles that can really heat up the bile in your stomach like a botched custom. The Plymouth Prowler isn’t for everyone and the Mustang II is an acquired taste, but neither elicit the negative response of a customized El Camino donk riding on 27-inch wheels with a Dora the Explorer paint job.

However, donk culture includes a community of enthusiasts who love their vehicles dearly. Some people see a malaise-era classic cruising on wagon wheels and representing their favorite candy, soft drink, or television show and think it’s glorious. Loads of donks and hi-risers are tastefully executed each year. You can make a case for almost any custom, no matter how heinous it is to your own sensibilities.

There are, of course, exceptions, and the Caravan Pickup custom abomination seen above is assuredly one of those. I was getting coffee when news of this abomination reached me. My phone vibrated to indicate I had received a text message from a friend who shares a mutual interest in cars. “Dude, you’ve got to see this thing,” it read. “But I hope you’re sitting down.”  (Read More…)

By on April 25, 2017

Repair Auto Mechanic Car Automobile Service

Nothing lasts forever, as Axl Rose once said. After flatlining for a couple of years, during which time car owners — on average — saw no increases in repair costs stemming from “check engine” lights, bills are headed back up.

A study looking at average repair costs in 2016 has found that the price of discovering the cause of that dreaded light rose 2.7 percent between last year and 2015. That brings the average repair bill for this type of garage visit to $398. However, not every region of America took a hit. (Read More…)

By on December 16, 2016

2016 Ford F-150 Limited

All that leg-stretching, snot-nosed kid-hauling, hockey equipment-carrying, ATV-lugging space that new vehicle buyers so desperately crave comes at a premium.

Thanks to this insatiable thirst for crossovers, SUVs, and pickups, the average new vehicle transaction price jumped to a new record in 2016. Good news for manufacturers, but also for those selling their old ride. (Read More…)

By on December 5, 2016

image: Michael Sheehan AutoNation 2014

Used vehicles with open recalls have begun rolling off AutoNation lots again, 16 months after the country’s largest new vehicle retailer promised an end to the practice.

The retailer, which has a half-billion dollar used vehicle expansion plan in the works, blames the about-face on the incoming Trump administration, with its CEO declaring that the legislative fight for mandatory used car recall repair is dead in the water. (Read More…)

By on October 31, 2016

Dodge Neon (DriveAllDayPics/Flickr)

Modern vehicles are, for the most part, a treasure trove of technology designed to keep your sorry butt out of the emergency room, but not every driver enjoys such luxuries.

The average vehicle on the road is 11 or 12 years old, hailing from a time when backup cameras needed to be hand held, side airbags were a new and rare option, and five-star safety ratings weren’t easy to come by — especially in the types of vehicles you see in a Walmart parking lot.

Well, we now have a list of the most dangerous average-age vehicles on the road. Expect to lose some sleep if you’re unlucky enough to have one of these rides sitting in your driveway. (Read More…)

By on October 28, 2016

AutoNation CEO Mike Jackson

The used car market? Saturated. The battle? About to begin.

America’s largest new-car retailer knows there’s money in them there pre-owned vehicles and has hatched a half-billion-dollar plan to take on the country’s largest used-car retailer. (Read More…)

By on August 22, 2016

dealership

One- to three-year-old-vehicles are pouring back onto dealer lots, but the predicted drop in used vehicle prices hasn’t happened yet.

Consumer choices (meaning: trucks, trucks, trucks) and the high value of returning vehicles are keeping used prices near record levels, but analysts still expect a drop later this year, Automotive News reports. (Read More…)

By on June 17, 2016

About the only plug-in action most Prius owners get. Picture courtesy Toyota.

Electrified transportation isn’t catching fire in the new vehicle market, but sales are positively scorching at used car lots.

The top three fastest-selling one- to three-year-old vehicles in the U.S. today aren’t pickups or SUVs, but a low-volume plug-in hybrid and two EVs, according to automotive data and research company iSeeCars.com. (Read More…)

By on May 13, 2015

Tesla Roadster In Colorado Showroom Circa August 2011

Shopping for a used PHEV or EV in Colorado? You still may be able to take a tax credit, thanks to the state’s structuring of its EV purchase tax credit.

(Read More…)

By on October 29, 2014

autonation direct

Automotive retailer AutoNation is pulling used vehicles off the lot that may be affected by the ongoing Takata airbag recall.

(Read More…)

By on August 1, 2014

Used Car Dealership NYC

Shopping for a used vehicle in New York City? Thanks to city officials, the used car you buy will likely be a bit safer, as all 800 used dealerships must fix recalled vehicles prior to purchase, as well as fix those sold after the fact.

(Read More…)

By on August 1, 2014

Scholfield Honda Dealership

Ever wonder what would happen if Dethklok decided to go into the automotive business, especially with the virtual band’s use of pain waivers as a legal means to protect themselves from whatever death and/or dismemberment would likely occur during a concert?

Wonder no more: Honda is asking its dealers to ask their customers to sign a waiver acknowledging the used car they’re about to buy off the lot may have an Takata airbag that, in the event of a crash, could kill them upon deployment.

(Read More…)

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