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

“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

Bike repair stations pop up in suburbs – Daily Herald | CarTailz

With more and more electric vehicles purring onto the streets, charging stations are key to widespread acceptance among skeptical motorists. Surprisingly, cyclists are already blessed with free “charging stations” scattered throughout the Chicago area. Various suburbs and popular trails have bike repair stations that provide essential tools to adjust seats, align sloppy derailleurs, and fix … 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

This 31-year-old makes $15,000 a month as a speaker and lives on a school bus: ‘I was able to quit my full-time job’ – CNBC | CarTailz

This story is part of CNBC Make It’s Millennial Money Series describing how people around the world make, spend and save their money. When Alice Everdeen began recording voiceovers for airlines, video games, and corporations in 2020, she had to work under a laundry basket lined with a mattress pad to get clear audio. Everdeen’s … Read more

Edmunds: How to Mitigate Rising Car Loan Rates – The Associated Press – en Español | CarTailz

The Federal Reserve released its last rate hike in early November. It’s the sixth hike this year and has pushed financing rates on new auto loans to their highest levels since 2019. Interest rates for used cars have also reached their highest level since 2010. This will affect car buyers this holiday season and into … 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

Los Angeles Auto Show focuses on electrification – Barron’s | CarTailz

The 2022 Los Angeles Auto Show, which runs through November 27, features new model launches, and it’s not surprising that many of them are battery-electric and hybrid. The industry is moving dramatically in this direction. But the internal combustion engine is still showing some signs of life, especially from performance automakers like Porsche. Here are … Read more

5 reasons why you should wait to buy an electric vehicle – MarketWatch | CarTailz

America’s automakers are going electric, but you shouldn’t. Not yet. To be clear, if your lifestyle calls for a car, you should plan to buy an electric car. Ultimately. Eventually, electric vehicles will be equal to or better than gasoline-powered cars in almost every way. Switching to electricity for our transportation needs will slow down … Read more

5 Ways to Cover Unexpected Car Repair Costs – MarketWatch | CarTailz

You were there for an oil change. You left with an itemized bill as long as your arm. Costly services are a reality for many car owners, especially those who have late maintenance. According to insurance marketplace SmartFinancial, the cost of auto parts has skyrocketed since early 2021. Many people don’t trust their mechanics to … Read more