All articles tagged with #used cars
Originally Published 20 days ago — by Electrek
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.
Originally Published 26 days ago — by The Autopian
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.
Originally Published 27 days ago — by The Autopian
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.
Originally Published 27 days ago — by Jalopnik
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.
Originally Published 2 months ago — by CNBC
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.
Originally Published 3 months ago — by Business Insider
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.
Originally Published 3 months ago — by Axios
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.
Originally Published 3 months ago — by Yahoo Finance
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.
Originally Published 3 months ago — by Jalopnik
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.
Originally Published 4 months ago — by The New York Times
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.
Originally Published 4 months ago — by Jalopnik
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.
Originally Published 4 months ago — by The Verge
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.
Originally Published 5 months ago — by CnEVPost
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.
Originally Published 5 months ago — by Yahoo.co
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.
Originally Published 1 year ago — by The Drive
CarMax is selling 11 identical lime green 2022 Ford F-150 XL models across the U.S., likely previously owned by Ryobi, a tool manufacturer known for its fleet of lime-green trucks. These basic work trucks, scattered from Washington to Massachusetts, are priced between $21,998 and $26,998, depending on mileage. The trucks' unique color and configuration suggest they were part of a fleet, although this remains unconfirmed.