Prices Of New And Used Cars Have Finally Begun To Fall From Their Soaring Highs.

DETROIT — All summer long, Aline Hudson has been looking for a new minivan or SUV for her growing passenger shuttle service. She had good credit and enough cash for a down payment. But dealers in the Detroit area didn’t have a suitable vehicle. Otherwise they will ask her to pay… Source: www.autoblog.com

Tesla Will Surpass BMW In U.S. Luxury Car Sales In 2022, But Will Fall Short

In 2022, the number of new cars registered in the United States was approximately 485,000 for Tesla, compared to approximately 330,000 for BMW and 270,000 for Mercedes. in 2:33pm ET Tesla not only outsold every luxury U.S. automaker in car sales for all of 2022, it outsold them by a ridiculously large margin. BMW was a former champion… Source: insideevs.com

Wholesale Prices Of Used Cars Fall

The used car market is up and running defiantly. Some signals indicate that the price should rise. But that’s not the case. Car dealers reduced prices on used cars by 1.6% during the first 15 days of auction in November. Wholesale prices fell 5.3% from the previous year. It happens even though dealers are selling fewer used cars than expected… Read More