Carvana, CarMax should be in the driver's seat as used car shortages persist (NYSE:CVNA)

Used car sales and prices have surged during the pandemic due to supply chain disruptions, leading to a shortage of new and used cars, causing prices to remain elevated and creating a favorable market for the automotive industry.

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8/22/2023

The Used Car Market Won't Be Normal Again For Years - The Autopian

The used car market is experiencing disruptions and a shortage of supply, leading to higher prices and a decrease in availability, with long-term issues expected to persist for at least the next two years.

8/25/2023

Global Automotive Equipment Leasing Market 2023-2027: IoT, Big Data, and Mobility Trends Shaping the Future Landscape

The global automotive equipment leasing market is projected to experience robust growth, driven by technological advancements, the utilization of big data, and resilience in the face of challenges such as the COVID-19 pandemic.

8/26/2023

A year after a tight market, new and used vehicle sales have turned a corner in Southeast Minnesota

The vehicle market is stabilizing, leading to more choices and lower prices for buyers, as dealer inventories increase and new car price inflation disappears.

8/27/2023

The Car Market Just Flipped — 10 Massive Price Drops

The auto market has seen a significant decline in average new vehicle prices, with a drop of $3,243 from January to July, marking the first notable decline in car prices in years.

8/27/2023

Experts are witnessing a strange new phenomenon in the demand for electric cars: ‘We call it the ‘Field of Dreams’ moment’

Huge price reductions and increased availability are driving growth in the electric vehicle market, which saw record sales in 2023, as major manufacturers like Tesla, Ford, and General Motors lower their prices and pass on cost savings from raw materials to consumers.

9/3/2023

Is the era of inexpensive cars over? Why auto prices are on the rise in America

The average price of cars in America has risen recently, causing financial strain for Gen Z and millennials, especially due to rising interest rates and high levels of auto loan delinquency.

9/4/2023

The Car Market Just Flipped — But the Prices of These 9 Vehicles Remain High

Car buyers are finding some relief in the US market, as prices for new vehicles have dropped by up to 20% thanks to an increase in unwanted EVs, although certain vehicles remain expensive.

9/7/2023

Rising Auto Insurance Costs Are Screwing Drivers Across The Country

The rising costs of doing business in the auto insurance industry in the U.S. are leading to increasing premiums for drivers due to expensive repairs, rising disaster-related claims, and higher used car prices.

9/8/2023

Used Car Wholesale Prices Rise Slightly in August but Remain Down from Last Year's Highs

Wholesale used vehicle prices increased for the first time since March, suggesting a possible end to the downward trend for the year.