Used Cars

Americans Are Keeping Their Used Cars Longer — 7 Factors To Consider If You’re Looking To Purchase One Now

JurgaR / Getty Images

JurgaR / Getty Images

The automotive industry has seen its fair share of ups and (mostly) downs since the pandemic. The shortage of automotive computer chips — vital components that run everything from radios to gas pedals to transmissions — slowed global assembly lines and made new vehicles scarce and costly just when consumers were eager to buy.

New Car Market: Prices Are About To Plummet Due To Oversupply
Learn: How To Build Your Savings From Scratch

Although new vehicle transaction prices are trending slightly down in 2023, the average is sitting at a high of $48.275, up 3.7% or

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Used Cars

Tesla Used-Car Data Are Good for the Stock

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Tesla cut prices dramatically to start 2023. The decision created waves in the US and used car industry.

Sean Gallup/Getty Images

Prices for new and used

Tesla

vehicles have been all over the place in recent months, leaving bulls and bears with plenty of data to fuel their neverending argument about the electric-vehicle maker.

The pricing debate goes something like this: Cutting prices is a sign of weakness, while not cutting prices is a sign of strength and dropping used-car prices are a sign of weakening demand. The counterargument is that it’s cheaper

Tesla

(ticker: TSLA) cars have

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Used Cars

Carvana’s losses widen as the used-car market stalls

Last year was a wreck for Carvana, the online used-car seller known for its tall glass “car vending machines.” In 2022, the company sold fewer cars than it had the year before — the first time that’s happened in nine years — and the company’s losses grew as the used car market soured.

Overall, Carvana’s losses ballooned to $806 million, or $7.61 per class A share of stock, compared to $89 million in the last quarter of 2021. For the full year, the company lost $1.6 billion compared to a loss of $135 million in 2021.

Carvana is the second

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Used Cars

Healthy food combinations which are high on taste and nutrition

Each food has its own nutrients, but sometimes eating two or more of them together can be beneficial to your body. When we think of nutritious food, the first thing that pops into our minds is some green leafy vegetables. Having it alone is good too, but if you add tomatoes to it, it can be even better, said an expert. This is not the only healthy food combination that you can go for. There are many more, so read on to find out how to mix the ingredients to boost your health. Don’t worry as the taste won’t be

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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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