Used Car Prices Continue To Soar Despite Falling Inflation

Key Takeaways Used car prices have increased 48% since 2019, with popular models like the RAM 1500 and Toyota Corolla seeing increases of more than 50%. Interest rates on used car loans have also increased by more than 50% over the past two years, increasing the financial burden on auto loan holders. Source: www.hotcars.com

Demand For Used Tesla Model Y Surges As Prices Fall

Used Tesla Model Y inventory on Tesla’s website. Credit: Tesla Prices continue to fall while sales of used Tesla Model Ys are surging. “Now is a good time to buy a new or used EV as inventory is increasing and prices are falling,” Rebecca Lindland, senior director of industry data and insights at CarsCommerce, said in an email. Prices for Read More

Tesla (TSLA) Order Rates Are Soaring In The US As Rising Gasoline Prices Push People To Turn To Electric Vehicles.

Tesla’s order rates in the United States are surging as record gasoline prices encourage more people to buy electric cars, according to people familiar with the matter. However, the automakers are still… so deliveries are not likely to be affected significantly. Source: electrek.co