The auto industry’s COVID-19 pandemic woes—chief among them supply chain delays that shut down factories and left showrooms looking stripped—were a boon to used car dealerships. Low inventory meant a ...
Cars for sale at a dealership. Following record-setting price hikes throughout 2021, the cost of a used car is falling—although sticker prices are still more expensive than at any point prior to the ...
Aerial view of used cars in a dealership lot. While the COVID-era inflation in the used car market finally started to ease in late 2022, this dip abruptly reversed course in the first half of 2023, as ...
Early in the pandemic, automakers—like many other businesses—were forced to temporarily shut down their plants. This led to a chain reaction of events that culminated in an unprecedented car-buying ...
An orange Volkswagen among a line of used cars. Sales volume and prices in the used car market have surged since the start of the year, and show no signs of a slowdown. Driven by the higher end of the ...
Depreciation is when something new loses value over time, and every car experiences it over the years. Some cars depreciate at a faster rate than others, based on several factors beyond normal wear ...