Moody’s Analytics says buyers of used cars are paying 54pc more than pre-pandemic even though prices are dropping

Moody’s Analytics says buyers of used cars are paying 54pc more than pre-pandemic even though prices are dropping

A gradual improvement in the availability of semiconductors has helped car manufacturers lift production levels. Semiconductors are a crucial component in the increasingly sophisticated modern electronics at the core of modern vehicles.

Ms Ell said while global vehicle production had not returned to pre-pandemic levels in Europe and Asia, there had been a significant improvement. Vehicle production in Japan in October was 35 per cent higher than in 2021, but was still 11 per cent below the production rate of 2019.

Households feel the squeeze

Australian Bureau of Statistics figures show that during the September quarter, Australians imported $7.3 billion

As the West surges toward electric cars, here’s where the unwanted gas guzzlers go

As the West surges toward electric cars, here’s where the unwanted gas guzzlers go


Cotonou, Benin
CNN

Standing on the stony ground in the bustling Fifa Park car lot, Rokeeb Yaya is haggling over the price of a dark red car. It is one of a couple hundred vehicles, parked in long lines stretching out across the vast lot – some shiny and new-looking, others dented and dusty.

The car Yaya has his eye on, a 2008 US-built Ford Escape, is on sale for around $4,000. It’s relatively affordable – US cars are cheaper than most other brands in the lot – and he wants to upgrade from his motorbike to a car.

Experience Meets the Right Tools for Success: Bill Pittman Explains His Approach to Stamping Feasibility

Experience Meets the Right Tools for Success: Bill Pittman Explains His Approach to Stamping Feasibility

Introduction

Bill Pittman is the Stamping Feasibility Manager for the North American center of an international OEM. The job title can have varying interpretations in different corporate environments, and the tasks and objectives can change depending on the phase of the program and its application. With numerous years of experience at various automotive manufacturers, Bill possesses a solid foundation of practical knowledge. However, he believes that utilizing new tools is the key to further improvement and accuracy in his work. This article provides an insight into his daily responsibilities and his philosophy on his work and how global organizations can

Used car brands that have lost the most value in 2023

Used car brands that have lost the most value in 2023

Used car prices are still elevated, but there are signs that the market is finally cooling. CarGurus’ used car price index shows that the average used pricing for most brands has fallen over the last year, with some seeing double-digit percentage drops.

Tesla, which has reduced its new vehicle pricing several times in recent months, led to a charge with an almost 27 percent drop in used pricing year-over-year. The top 10 list:

Some of the numbers are surprising, but many can easily be explained. For a while, pricing for used Teslas rose quickly as buyers turned to flip their