U.S. Car Sales Exceeded Expectations in February (PDF) The demand from both consumers and fleet customers remained strong in February, but automakers are facing a balancing act to maintain profitability with severely underutilized factories. The new vehicle market has reacted well this month, recording sales growth compared to 2022. This
2022 Nissan Altima Loss in Value Case Study (PDF) As a mid-size sedan, the Nissan Altima fills a void between less desirable and more desirable alternatives, but it doesn’t have any strong selling points to make it irresistible. Instead, the Altima is distinguished by its attractive styling, comfortable cabin, and
Inflation Concerns Add Challenges to the Used Car Market (PDF) Even as the Federal Reserve raises interest rates, a surprise spike in used-vehicle prices last month is fueling frustration among US car buyers. As a result of the 2.5% rise in used vehicle prices from December, Manheim said some
Auto Market Update Week Ending Feb 4, 2023(PDF) Last week, the market reported the lowest overall depreciation since the end of June 2022, continuing the reduction in weekly depreciation that began a couple of weeks ago. For the first time since early June last year, the Compact Crossover segment
Auto Suppliers May Face Another Tough Year (PDF) We might be in for a fourth year of challenges and setbacks for suppliers. As parts suppliers navigate the uncertainty in the new-vehicle market and the economy, it’s already shaping up to be another bumpy year as inflation and rising interest
2022 Toyota RAV4 Loss in Value Case Study (PDF) The 2022 Toyota RAV4 is a practical and efficient option worth considering. The entry-level model may be relatively inexpensive but also has basic features. Those looking for more can step up to mid-range trims, including a 2.5-liter four-cylinder engine, eight-speed
Auto Market Update Week Ending Jan 21, 2023 (PDF) Before Q3 and Q4, the price declines had begun to accelerate, coming in at a level on par with last July (apart from the weeks around Thanksgiving and Christmas when volume and conversions were down). Compared to the previous week,
2018 Toyota Highlander Loss in Value Case Study (PDF) More and more buyers looking for a car that can accommodate both passengers and cargo are turning to three-row crossovers instead of minivans. The Toyota Highlander is an option in this class that should be considered. It offers a roomy interior,
Tesla Stock Ended 2022 With Its Biggest Annual Decline Ever (PDF) Tesla closed the worst year in the company’s history, losing more than $700 billion in market valuation amid investor concerns about production disruptions, demand concerns, and Elon Musk’s focus on Twitter. Almost 65% of Tesla’s shares have fallen since
Vinfast VF 8 Disappoints With Low Driving Range (PDF) Vinfast, a Vietnamese automaker, delivered its first 999 fully electric vehicles to the U.S. in late December, but the EPA range is much shorter than that advertised. In contrast to the 260 miles advertised on the Vinfast website, the newly
Auto Market Update Week Ending December 31st, 2022 (PDF) In a positive development, the overall conversion rate at the auctions improved slightly over last year. With depreciation exceeding the typical yearly rate, values are still well above pre-COVID levels. For comparison, the previous week, cars decreased by -0.49% on
Auto Market Update Week Ending Dec 23rd, 2022 (PDF) Although the market continues to decline, recent declines have been more in line with normal seasonal depreciation. In spite of this, auction sales continue to be less than ideal, with sellers holding firm and buyers being extra cautious as the
Auto Market Specialty Insights December 2022 (PDF) This month, the only segment to see an increase is snowmobiles. As we head into winter, all other segments are decreasing in value—most by 3.0% or more. The ATVs have taken the largest drop with a decline of 4.4%. Cruisers and Street
Auto Market Update Week Ending December 17th, 2022 (PDF) Prices continue to decline while sales rates remain low. However, we saw a smaller price decline than last week. Volume-weighted, the overall Car segment decreased by -0.83%, while last week, cars decreased by -0.86%. Two of the nine-car segments reported
Auto Market Update Week Ending December 10th, 2022 (PDF) Sales rates are lower than they should be, and this is worrisome to shoppers who are afraid they’re buying products that will take too long to sell. With values going down every week, many buyers hesitate to buy anything new.
EVs Sales Are Expected To Achieve Half Of The Auto Market By 2030 (PDF) Automotive executives think that more than 50% of car sales will be electric by 2030. This aligns with Vice President Joe Biden’s goal, and incentives like the $374 billion US climate spending package. The incentives
Winter Car Care: Tips For Battery Maintenance (PDF) Modern vehicles have more electrical demands than older ones. If your battery isn’t in good condition, it can’t keep up with them effectively. The battery’s primary function is to supply a steady stream of electricity to the car’s accessories and starter motor.
Tesla Recalls Over 40,000 Vehicles (PDF) Tesla announced a voluntary recall of over 40,000 cars in the US after a firmware update resulted in power steering loss. On 1 November, the company made a filing with the National Highway Traffic Safety Administration that impacted Model S and Model X,
Safety Car Features That Could Save Your Life (PDF) Car accidents happen every day and can cause significant injuries. Car safety features, such as Antilock Brakes and parking assist systems can reduce the chances of being involved in an accident. These features make your car safer- which is important because
Why EVs Are So Expensive? (PDF) Electric cars are still too expensive, despite being “supposed to be cheaper”. The cost of EVs has gone up for some and down for others. We’ll discuss some factors that influence EV pricing below. The base price for the 2022 Chevy Bolt is
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