Used Cars

Tesla is the most popular pre-owned brand as EV interest spikes [Video]

CarMax (KMX), the largest used car retailer in the US, said its seeing a huge spike in electric vehicle interest from its customers. And when those customers do buy EVs, they are buying Teslas.

In its annual EV consumer report, CarMax revealed that search volume for the word “electric” doubled from February 2022 to February 2023, when the retailer compiled data for its last EV report. CarMax analysts first noticed a spike back in February and March of last year, not surprisingly when gas prices were spiking around the time the war in Ukraine was intensifying. CarMax says search interest

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Used Cars

These used cars routinely sell for more than their new MSRPs

The car world is and has been upside down. In “the before times,” new cars were depreciated. There was no question that owning and using a vehicle for a couple of years decreased its value, but that’s not always the case anymore. iSeeCars‘ a recent study showed that several used models are priced above their new MSRPs, which can mean many things, including things that are still going crazy on the used car market.

The good news is that the situation is much better than a year ago. iSeeCars found that lightly used cars are priced 8.1 percent below

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Used Cars

These 9 cars under $15,000 are your best bet for a deal as used vehicles remain astronomically expensive

Ford C Max Hybrid

The best used cars under $15,000 include the Ford C-Max, Toyota Prius C, and Nissan Murano.Ford

You used to be able to pick up a decent used car for just a few thousand dollars. Inventory issues in the auto industry and stubbornly high car prices mean those days are over.

Used cars sit in the sales lot of a used car dealership in California.

A used-car lot.Justin Sullivan/Getty Images

So it’s more important than ever to shop smart. If you’re paying an arm and a leg for a secondhand car, truck, or SUV, you better make sure it will last and perform reliably.

Used car lots

A used car lot is shown Friday, June 10,

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Used Cars

Trucks dominate the vehicle charts in 2022

Used car shopping was stressful in 2022, as prices were high and selection was spotty. That didn’t stop tens of millions of people from buying a used car, however, as it’s estimated that more than 36 million were sold last year. Automotive search and analytics firm iSeeCars studies the used market each year to find the most popular models. While its list contains several revelations, it’s interesting to see how the numbers correlate with new vehicle sales.

Unsurprisingly, the best-selling new vehicles tend to be the most popular used vehicles. Ford lumps many truck models into one sales category, but

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Used Cars

Who Are the Biggest Winners and Losers as Prices Drop?

AdrianHancu / Getty Images

AdrianHancu / Getty Images

With the price of food continuing to rise, at least consumers are seeing relief in one spending category: The price of used cars is dropping in line with rising interest rates and declining consumer demand.

Take a Look Back: 2022 Year in Review
Find: 3 Easy Tips To Turn Your Credit Woes Into Wows

AutoNation released its third-quarter earnings on Oct. 27, which showed the stock price increasing — but not as much as analysts estimated. Revenue increased by just 4%, which Bloomberg reported was “roughly in line with the average of Wall Street projections.”

AutoNation

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Used Cars

Easy methods to discover the perfect used automotive for the cash

Used auto prices are down 2.4% since last month

Shopping for a used automotive has sometimes been thought of a sensible technique to save by avoiding the steep depreciation prices that go hand in hand with new vehicles.

Nonetheless, a restricted provide of latest vehicles and vans as a result of ongoing chip scarcity precipitated demand for used vehicles to Skyrocket, pushing costs a lot larger and decreasing the worth of shopping for pre-owned.

Now, though prices have cooled barely, older vehicles are nonetheless wanted and priced accordingly.

To get the perfect bang in your buck, a current iSeeCars examine analyzed greater than 2 million vehicles to see which

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