used cars dealerships

August 16, 2024Used Cars

Used cars continue to get cheaper, new research finds

Australian wholesale new vehicle prices have fallen 12 per cent from their peak in May 2022, as normality returns to the wider supply chain and demand for pre-loved car cools.

The Q4 Used Vehicle Price Report found used car prices have now decreased for seven successive months, and in January 2023 they had their first year-on-year decline since May of 2020.

Moreover, used car prices are expected to continue returning to earth during 2023 as new car supply improves, and demand weakens on the back of higher borrowing costs and inflation.

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June 10, 2023Used Cars

In Pictures! How Hydroforming Can Replace Sheet Metal Stamping in the Manufacturing Industry

Introduction

In the quest for improved competitiveness, industries are constantly seeking effective methods to reduce costs and time in their manufacturing processes and operations. To achieve this goal, many companies are adopting unconventional and more competitive production methods. Against this backdrop, Tecumseh do Brasil, in collaboration with AutoForm and TechnNova, seeks to conduct a feasibility study to explore the potential of using the hydroforming process instead of conventional stamping to produce hermetic compressor housings. This study will be conducted through numerical simulations, and the aim is to increase the efficiency and competitiveness of the production process.

Methodology

To ensure that

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May 5, 2023Used Cars

Not Even Used Cars Can Escape Subscriptions

Automakers aren’t just happy getting new-car buyers to pay recurring subscription fees for luxury upgrades — now, they’re working on launching subscriptions in used cars, which have thus far been immune to the monthly fees on many of the latest BMWs, Volvo, General Motors and Toyota models. Now that newer vehicles are hitting the US used-car market, there are more models with subscription-powered connected capabilities available to secondhand buyers. And carmakers now see their proprietary apps and services as the best way to lure used-car owners into subscriptions, as Wired reports.

In case you

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April 11, 2023Used Cars

Toyota execs think we’ll be paying $50,000 average transaction prices soon

Toyota execs think we’ll be paying ,000 average transaction prices soon

Even casual observers of the automotive industry have surely noticed how quickly the average cost of a new car in America has risen since the global Covid-19 pandemic. Nearly every single month has brought news of a new high pricing bar, and while there have been signs that things may cool off, top sales executives at Toyota don’t seem to think that’s going to happen. Speaking to reporters while giving an update on Toyota and Lexus sales results, Jack Hollis, head of sales for Toyota Motor North America, suggested that average transaction prices “will continue to grow” above $50,000.

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