All articles tagged with #used cars
The piece highlights the Audi RS3 as a standout used-performance buy: pre-facelift 2016 models can be found for roughly $26k–$36k with high mileage, about the price of a base Honda Civic, while later facelifted cars cost more. New RS3s start around $67k, and TT RS pricing isn’t as aggressive. It’s a tempting way to get near-R8-like thrills for far less, but buyers should weigh aging-Audi maintenance costs and reliability risks.
Expert Doug DeMuro predicts that used Tesla Cybertrucks could drop to $35,000 in 18 months due to declining value and high inventory, which would represent a significant depreciation from their original prices, potentially transforming the vehicle's market perception from a luxury item to an affordable work truck.
The Ford Shelby GT350, a highly praised 526-horsepower muscle car known for its exceptional handling and unique Voodoo V8 engine, is now available at used car prices comparable to a Honda Accord, making it an affordable entry into high-performance driving, though potential buyers should be cautious of its reliability issues and high maintenance costs.
The article highlights that a high-performance Mercedes-Benz GLA 45 AMG, with 355 horsepower, can now be purchased for less than the price of a used Nissan Versa, making it an attractive option for enthusiasts seeking a powerful yet affordable daily driver, despite some maintenance considerations.
The 2020 Mazda Miata has retained about 64% of its value after five years, with depreciation rates varying by trim, and it compares favorably to similar sports cars like the Toyota 86 and Subaru BRZ in terms of value retention.
CarMax's stock dropped about 10% after the company announced a weak fiscal outlook and the unexpected resignation of CEO Bill Nash, with interim leadership appointed and a focus on improving sales and profitability amid ongoing struggles.
Used car prices in the US have surged due to supply chain disruptions, increased demand, higher new car prices, and tariffs, making it difficult for consumers to find affordable options and resetting expectations for car buying in the current market.
CarMax experienced a significant drop in used car values this summer due to aggressive pricing by competitors, leading to a 6.3% decline in same-store sales and a 20% plunge in shares. The company faced a rapid $1,000 per vehicle depreciation over a month, amid shifting consumer preferences towards older, higher mileage vehicles and a challenging inflationary environment. Despite earlier price hikes driven by tariffs, prices have since fallen, prompting CarMax to lower retail margins and adjust strategies to remain competitive in a tough market.
CarMax's stock hit a 52-week low after missing Q2 earnings and revenue targets due to weaker retail sales and higher loan loss provisions, despite strategic store expansions and efforts to improve efficiency.
A three-year-old Ford Bronco depreciates about 36%, slightly better than the average 39% for new cars in the U.S., thanks to its high desirability, versatile configurations, and strong market demand, which help it retain value better than many other vehicles.
Used electric vehicle sales have surged by 40% in July, as prices for used EVs have fallen below those of comparable gasoline cars, making electric cars more affordable and expanding their market.
Hertz has partnered with Amazon Autos to sell its used cars online, initially in select U.S. cities, offering inspected vehicles with warranties and buy-back guarantees, expanding Hertz's reach in the online used car market.
Hertz has partnered with Amazon Autos to sell used rental cars in select US cities, with plans to expand to 45 locations, offering customers a convenient online shopping experience for pre-owned vehicles from various brands.
Zeekr and Neta, Chinese EV brands, inflated sales figures by pre-booking 'zero-mileage used cars' to meet targets, with Neta recording over 64,700 such sales from January 2023 to March 2024, raising concerns about false sales reporting and market practices.
China's auto industry association corrected a report claiming the Ministry of Industry and Information Technology planned to ban resale of new cars within six months, clarifying that the regulation aims to manage zero-mileage used cars without specifying a ban, amidst ongoing industry concerns over aggressive sales practices.