Category: Global

Wholesale Used Car Prices Fall; Retail Price Cuts Ahead

Car dealers are paying almost 15% less for used cars at auction than they did a year ago. Used car prices are in a slow decline early in 2024. The average used car

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CarMax Stock Is a Buy. Analyst Sees ‘Multi-Year Recovery’ for Used Vehicle Market.

CarMax is a winner as the used-vehicle market recovers, Needham argued on Wednesday. Analyst Chris Pierce upgraded shares of the used-car seller to Buy from Hold and set a target of $99 for

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Firefighters respond to flames at used car dealership LLL. Auto Sales LLC. in Youngstown, Ohio

YOUNGSTOWN, Ohio (WKBN) – Two fires that happened overnight in Youngstown are believed to be suspicious. At around 2:30 a.m., crews were called to the 1600 block of McGuffey Road for a fire

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Car Dealers Still Overstocked, but Selling Down the Backlog

Car prices are governed by supply and demand. Many dealerships entered 2024 drastically oversupplied. That’s still true, but February sales numbers show they’re managing to sell down the backlog of inventory. March is

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How to make sure the used car you’re buying is ready to hit the road before you shell out cash

HOUSTON – Is the used vehicle you’re buying ready to hit the road? One Houston police sergeant says many times it’s not, and the person buying it has no idea. In some cases,

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British Luxury Is Booming, With the Automotive Industry Driving Growth

LONDON — Despite Brexit, the government’s refusal to restore tax-free shopping, and sticky supply chain issues post-COVID-19, British luxury is flourishing, driven primarily by sales of cars, food and fashion. According to a

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Wichita-area car dealer indicted by grand jury

WICHITA, Kan. (KSNW) – Prosecutors say a federal grand jury has indicted a Wichita-area businessman with 27 counts of criminal misconduct connected to altering vehicle odometers. The U.S. Attorney’s Office in Wichita says

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10 Best Selling Used Cars of 2024

jetcityimage / Getty Images Consumers in search of a used car will find a mixture of good news and bad news in 2024. The good news is that average used car prices have fallen for

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How did AI and humans get this mobile phone fine so wrong?

A Queensland motorist has shared the hefty fine he was ordered to pay after being “caught” with a mobile phone on his lap while driving – despite images of the event showing otherwise.

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Car deals are easier to find but lenders are tightening their terms

New cars are more available this spring, and manufacturers have even begun offering deals to entice buyers. But at the same time, lenders have been tightening the terms of car loans as they

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