Before the COVID-19 pandemic, nearly a third of new car shoppers chose to lease their cars. Today, fewer than 19% of buyers choose the option — and experts say that Read more
Tag: Used Car Dealing
If you’re thinking of a used EV, here are 10 good, affordable models to look for
About 5% of new car sales these days are electric vehicles. That’s still not anywhere near a majority, but it does mean more and more electric cars are hitting the Read more
Used cars have depreciated slightly—when to expect the car market to be normal again
Don’t expect car prices to drop significantly anytime soon. Instead, new-vehicle prices — already at record highs — will remain elevated, automotive experts say. At the same time, used-vehicle pricing Read more
What Hurricane Ian has done to the used car market
Hurricane Ian may have flooded 50,000 cars, according to a new estimate. Ian made landfall in late September as a Category 4 storm, crossed the state from west to east, Read more
What to do if you go over, or way over, your car lease miles
You’ve leased a car, and you realize that you went over your mileage limit. This problem is pretty typical for drivers who lease vehicles. It happens more often than you think. So Read more
When buying a used EV is a smart move—and when it’s not
This article is reprinted by permission from NerdWallet. You’ve probably heard the horror stories of crazy-high battery replacement costs for electric cars. Fears of battery failure, limited range and high Read more
CarMax stock suffering biggest selloff in 22 years as inflation, low consumer confidence lead to big profit miss
CarMax Inc. investors were enduring the worst day in more than 20 years on Thursday, after the used-car retailer missed earnings expectations by a wide margin, citing “affordability” challenges stemming Read more
The outlook for used car prices is improving—some types more than others
Things are getting better in a hurry for used car shoppers. The average used car price fell in August, resuming an early-summer decline that was briefly interrupted in July. Now, Read more
Yes, you can buy a car with crypto—here’s how
Whether you think cryptocurrency is just a fad or the future of finance, it’s a fascinating technology. You probably made your last car purchase with boring old dollars, but maybe Read more
Shift Technologies, CarLotz announce merger; Shift CEO steps down
Shift Technologies Inc. SFT, -16.34% and CarLotz Inc. LOTZ, -9.12% said they agreed to merge in a stock-swap deal. The combination of Shift, an end-to-end auto e-commerce platform, and CarLotz, Read more
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