Tag

Vehicle Prices

All articles tagged with #vehicle prices

business3 months ago•1 min saved

CarMax Shares Drop 20% Amid Declining Used Car 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.

via Axios|

#business #carmax #depreciation

business1 year ago•4 min saved

Tesla's Price Cuts and Market Troubles: What's Next for the EV Giant?

Tesla is cutting vehicle prices and offering incentives in various markets following disappointing first-quarter deliveries, with the company's stock rebounding slightly. Despite price cuts in Australia and interest-free promotions in China, Tesla has raised prices in the U.S., Europe, and China. Analysts have lowered full-year earnings predictions for Tesla, citing declining gross margins and a projected decrease in earnings per share for 2024. However, the company is expected to see improved business in the second quarter, with increased Model 3 and Cybertruck sales and a potential uptick in China sales. Tesla's stock performance has been volatile, with the company offering a free trial of its Full Self-Driving feature in the U.S. and experiencing a decline in stock value in 2024.

via Investor's Business Daily|

#business #deliveries #ev

business1 year ago•3 min saved

"Tesla Continues to Raise Model Y Prices Amidst Earnings Estimates Decline"

Tesla is set to increase Model Y prices in the U.S. and Europe while offering discounts on inventory in China, as the company faces challenges in maintaining sales momentum and demand. Analysts have lowered Q1 delivery predictions, leading to a drop in Tesla's stock performance. With 2024 earnings estimates declining, some analysts project a potential loss for the EV giant this year, while others have reduced their price targets for Tesla stock.

via Investor's Business Daily|

#business #earnings #ev

automotive2 years ago•2 min saved

The Decline of the Car Market: Aging Cars and Plummeting Prices

Car prices are finally cooling down after years of inflation, with dealers and manufacturers offering cash incentives for new vehicle purchases. Increased supply and easing supply chain shortages have contributed to the drop in prices. New vehicle inventory has increased, leading to a decrease in transaction prices. Luxury brands and EVs have seen significant price drops, with projections indicating that vehicle prices will continue to decline. Transaction prices are down 2.4% from January, marking the highest drop in over a decade.

via Jalopnik|

#automotive #car-market #cash-incentives

business2 years ago•5 min saved

Record high vehicle age in US due to soaring prices and rising interest rates.

The average age of passenger vehicles in the US has reached a record high of 12.5 years due to the pandemic-induced global shortage of automotive computer chips, which slowed down global assembly lines and made new vehicles scarce on dealer lots. The cost of a vehicle has also increased, with the average new vehicle price rocketing 24% to nearly $48,000 and typical loan rates on new-car purchases ballooning to 7%. As a result, Americans are keeping their cars longer and opting for repairs and maintenance instead of buying new vehicles.

via Fox Business|

#auto-repair #automotive-industry #business

business2 years ago•1 min saved

Tesla Continues Price Cuts with Sixth Reduction in Four Months.

Tesla has cut prices on some of its models for the sixth time this year, ahead of the release of its Q1 results. The price drops were made to Tesla's more affordable vehicles, including the Model 3, which was cut by $2,000, and the Model Y Long Range and Model Y Performance, which each dropped by $3,000. The company said earlier this month it delivered a record number of vehicles in Q1, as price cuts stoked demand.

via USA TODAY|

#business #electric-cars #model-3

gaming2 years ago•3 min saved

Rockstar Announces Changes to GTA Online Vehicle Prices and License Plate Creator

Prices for vehicles in GTA Online will be changing on April 27, with some vehicles becoming cheaper and others becoming more expensive. The weaponized jet bike, Oppressor Mk II, will see a massive price increase to make it harder for players to obtain and use for trolling. Rockstar Games is also evaluating potential future adjustments to re-balance certain aerial vehicles and protect bystanders in Freemode.

via Kotaku|

#game-balancing #gaming #gta-online