This week’s government inflation data showed used car prices were falling and likely stabilizing to levels just above pre-pandemic pricing. It seems prices for used electric vehicles, however, are falling even faster. According
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WASHINGTON — After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3% in June compared with a year earlier
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A CAR salesman has revealed multiple reasons a vehicle dealer may not buy a vehicle even if it’s a good deal. The Cleveland-based TikTok creator regularly shares information about automobiles and tips on
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SHANGHAI — Audi is in talks with SAIC to buy an electric vehicle platform from the Chinese state-owned automaker, two people familiar with the matter said. The move comes as sales of Audi’s
Read MoreNew car prices had the smallest year-over-year increase in four years, according to just-released June data. Similarly, used car prices show signs of stabilizing, even cooling slightly. In new data released this week,
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Under the new deal, the groups said independent repair shops will continue to have access to the same diagnostic and repair information automakers make available to their authorized dealer networks even as technology
Read MoreUsed-car prices eased by a record amount for the month of June. That has shares of used-car dealers moving higher. The Manheim Used Vehicle Value Index, a closely watched indicator of car prices,
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Used auto prices are down for a third straight month, setting the expectation that the sector will contribute to further signs of easing in June’s Consumer Price Index print due on Wednesday. Wholesale
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Last month, the average price of vehicles sold at Manheim’s wholesale auctions was 10.3 percent lower than it had been in June 2022. After three consecutive months of falling prices, analysts are starting
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BEIJING/SHANGHAI (Reuters) – China’s passenger vehicle sales fell in June, data from the China Passenger Car Association (CPCA) showed on Monday, as a stumbling economic recovery made consumers more cautious about big-ticket spending.
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