US Used Car Market Won’t Recover Until 2025; Here’s what to do – TheStreet | CarTailz

Auto consumers probably don’t want to hear it, but some industry analysts say the US used-car market, whose prices have skyrocketed in 2022, won’t recover in three years. That assessment comes from auto insurance savings app Jerry, which released a report estimating the used car market won’t fully recover until 2025. That from the report. … Read more

These cars have the longest life span – TheStreet | CarTailz

There is great value in getting the most out of your household vehicle. Cars, trucks, and SUVs that can travel 200,000 miles or more mean more cash in the bank (excluding car payments). Long-lasting cars can also give vehicle owners peace of mind that they don’t have to deal with the rising cost of new … Read more

FullSpeed ​​Automotive® Appoints Sarah Hamp as Chief Marketing Officer – PR Newswire | CarTailz

Leading provider of aftermarket repair shops adds experienced executive to Fuel 2023 Vision GREENWOOD VILLAGE, Colo., November 29, 2022 /PRNewswire/ — FullSpeed ​​Automotive, one of the nation’s largest franchisers and operators of automotive aftermarket repair shops, home of flagship brands Grease Monkey®SpeedDee Oil Change & Car Service®and Kwik KarShe announces that today Sarah Hampel has … Read more

“The monthly payments will be pushed even higher.” What can you do when you need to buy a new car? – Market observation | CarTailz

When average monthly new car payments topped $700 in May and car prices hit record highs, many potential car buyers chose to sit on the sidelines until the market normalized. According to data company Cox Automotive, the average monthly new car payment hit another record high of $748 in October. Average payments for used cars … Read more

No-fault insurance reform likely if Democrats take power in Michigan – Traverse City Record Eagle | CarTailz

By Bridge Michigan Auto accident victims and providers could make another attempt to change Michigan’s no-fault auto insurance law when Democrats take control of the legislature in January. A 2019 law that introduced major changes to Michigan’s insurance policies gave drivers the ability to choose coverage levels. The reform was expected to reduce the nation’s … Read more

No break for Carvana, the “Amazon of used cars” – TheStreet | CarTailz

Concerns are mounting about Carvana, the “Amazon of used cars”. The online car dealership has been an investor darling during the pandemic. They welcomed the new economy that wanted consumers to buy everything online: groceries, office equipment, transport tickets, meals, clothes, houses and cars. Carvana (CVNA) – Get a free report was a pioneer in … Read more

Breakingviews – Nickel IPO puts Jakarta at center of China’s electric car boom – Reuters | CarTailz

HONG KONG, Nov 23 (Reuters Breakingviews) – A Hong Kong listing puts Jakarta at the heart of China’s electric car boom. Lygend Resources & Technology (2245.HK), a Chinese nickel trader, is looking to raise up to $594 million in an IPO to expand in Indonesia. The company’s presence in the resource-rich archipelago allows it to … Read more

Carvana, the "amazon for used cars," Expresses Serious Concerns – TheStreet | CarTailz

Concerns are mounting about Carvana, the “Amazon of used cars”. The company has been an investor darling during the pandemic. They welcomed the new economy that wanted consumers to buy everything online: groceries, office equipment, transport tickets, meals, clothes, houses and cars. Carvana (CVNA) – Get a free report was a pioneer in the new … Read more

Used car market heats up at the end of the year – TheStreet | CarTailz

The year 2022 will go down as one of the strangest for the US used car industry. Consider that used cars manufactured in the early 1970’s have a higher average price than vehicles manufactured in the last few years, or that the average price of a used car with less than $75,000 mileage is nearly … Read more

Used car market heats up at the end of the year – TheStreet | CarTailz

The year 2022 will go down as one of the strangest for the US used car industry. Consider that used cars manufactured in the early 1970’s have a higher average price than vehicles manufactured in the last few years, or that the average price of a used car with less than $75,000 mileage is nearly … Read more