Dailycommercial news used car prices are down

Hurricane Harvey could cause a price surge for used cars » Aug 30, 2017 ...Hurricane Harvey could cause a price surge for used cars. Used-vehicle value is reaching near-record highs in 2017. Flood and debris damage from Hurricane Harvey could wreck 500,000 vehicles. The spike in demand could send used-car prices even higher. Kevin Breuninger | @KevinWilliamB. Cnbc.com

As Auto Prices Rise, Used Cars Are Looking Shinier - The New York ... » Mar 30, 2017 ...“If a car cuts in front of me on the highway, it just slows down nice and easy,” he said. “It's phenomenal. It's easier to drive, and I feel a lot safer.” A version of this article appears in print on March 31, 2017, on Page B3 of the New York edition with the headline: As Auto Prices Soar, Used Cars Are Looking a... Nytimes.com

GM Joins Ford Worrying About Declining Used-Car Prices ... » Apr 6, 2017 ...General Motors Co. said a glut of used cars will return to market after their leases expire and drag on its finance unit this year, following similar warnings by peer Ford Motor Co. and lenders such as Ally Financial Inc. The prices of used cars in GM Financial's leasing portfolio will decline about 7 percent this... Bloomberg.com

Off-lease used cars are flooding market, pushing prices down » May 27, 2017 ...About 3.5 million vehicles will come off lease this year, after 3 million returned last year. These are huge numbers when you consider that leasing all but came to a halt during the Great Recession. Usatoday.com

Used car prices are dropping: Here are 5 to consider » Aug 29, 2017 ...Obviously this isn't good news for everyone, but if you're shopping for a used car, there are some solid values out there: Currently the average used car is trading at 34 percent off the original sticker price, as opposed to 26 percent in 2012. Just think about that before you lay down cash for a new vehicle. Autoweek.com

Used-Car Prices Expected to Drop Faster in 2017 – News – Car and ... » Feb 1, 2017 ...What's to be done with all the used cars and trucks? The question was at the forefront of the 2017 National Automobile Dealers Association convention in New Orleans. Of concern for car and truck dealers is the glut of vehicles coming off leases this year, which will inevitably drive down prices for used... Blog.caranddriver.com

Are we coping with falling used-car prices? Depends whom you ask » Aug 15, 2017 ...Overall, Hertz cut its U.S. core rental fleet 3 percent, but that was offset somewhat by adding more vehicles to its ride-hailing fleet, so that Hertz ended the quarter with 495,000 vehicles, down 1 percent from a year earlier. Because Hertz was selling some nearly new vehicles aggressively into a market with... Autonews.com

How much Morgan Stanley thinks used-car prices will crater — in ... » Apr 10, 2017 ...Here's great news if you're looking to buy a used car — or a reason to move fast if you're selling one. Marketwatch.com

Avis, Stung by Falling Used-Car Prices, Reports Disappointing Results » Aug 7, 2017 ...Avis Budget Group Inc. CAR 0.96% on Monday cut its earnings forecast for the year, citing a difficult first half hurt by price pressure and higher fleet costs. Shares , down 9% this year, were down 8.5% at $30.55 in after-hours trading. The company said oversupply in the industry had put pressure on prices,... Wsj.com

Used-vehicle prices falling amid glut » Aug 21, 2017 ...The average used vehicle lost 17 percent of its value in the past 12 months, dropping from $18400 to $15300, according to data from Black Book, an auto analytics company. With so many new cars rolling out of dealerships lots and instantly becoming used cars, the secondary market is glutted and the pace... Autonews.com