used car values

Fastest-selling new and used cars in America

Posted in REVIEWS on September 20, 2021
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According to data analyzed by iSeeCars.com, it took, on average, 26 days to sell a brand-new automobile in the United States in the month of August, 2021. That's over a week faster than it took in July, which isn't all that surprising given the global microchip shortage that is crimping the ability of automakers all around the world to manufacture enough new vehicles to meet demand. Also unsurprising is news that used vehicles are selling Read More »

Used car prices expected to rise again thanks to Hurricane Ida

Posted in REVIEWS on September 15, 2021
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It's a difficult time to be in the market for a used car. Prices climbed to new heights as the summer of 2021 progressed and set a record in June, according to Cox Automotive, averaging $25,101 for vehicles with an average of 68,613 miles on the odometer. That was $687 higher than May and a massive $5,000 over the prior year. And it's not going to get better anytime soon. According to CNN, massive flooding Read More »

Inflation risk or profit engine? High car prices are both

Posted in REVIEWS on August 10, 2021
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Early this year, Brian Benstock, a Honda and Acura dealer in New York City, convinced his banker it would be smart to buy more vehicles than he could fit onto his parking lot. The bet has paid off. Popular SUV models are getting snatched up by customers as soon as they reach his dealership. Automakers cannot build new ones fast enough because of semiconductor shortages. Like his peers, Benstock is in the happy position of Read More »

2006-2010 Mazda5 | Used Vehicle Spotlight

Posted in REVIEWS on August 3, 2021
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The discontinued Mazda5 is a type of vehicle that simply no longer exists in the U.S. There are still plenty of minivans out there, but the Mazda5’s small footprint and car-like styling push it into the compact minivan category. Every other family-centered van available these days is gigantic with a heavy focus on sprawl and maximum space. Meanwhile, Mazda’s description of its Mazda5 is far more skewed to talking up its driving dynamics and handling Read More »

A small victory: Used-car prices slip from dizzy heights

Posted in REVIEWS on July 21, 2021
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DEARBORN, Mich. — For months, anyone who wandered onto a dealer lot to look for a used car could be forgiven for doing a double take — and then wandering right off the lot. Prices had rocketed more than 40% from their levels just before the viral pandemic struck, to an average of nearly $25,000. The supply of vehicles had shrunk. And any hope of negotiating on price? Good luck with that. But now, a Read More »

1987-1996 Ford Bronco | Used vehicle spotlight

Posted in REVIEWS on July 20, 2021
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We hope you're prepared to see a whole lot of new Ford Broncos — two-doors, four-doors, Sasquatches and Outer Banks — coming and going on the road over the next several months. But this big influx of off-roaders from the Blue Oval isn't really anything new. In fact, the new-for-2021 Bronco is actually sixth generation of the model line. It all started back in 1966 with a barebones machine designed to take on the likes Read More »