New Momentum for New Cars Despite Fears of an Impending Recession – 13 April 2023

New Momentum for New Cars Despite Fears of an Impending Recession - 13 April 2023

Key Points Auto sales went up in March thanks to reasonably strong consumer spending New vehicle sales are performing better than used despite slightly higher prices Consumer spending power might not last for long as inflation continues, and a recession is anticipated later this year Auto performance in March still shows positive growth, with light vehicle sales going up 9.3 percent year over year; the seasonally adjusted annual rate (SAAR) currently stands at 14.8mm. Based on that total, car sales went up 8.7 percent year … Read more

Here are 5 of the Best Used AWD Cars [2023]

Here are 5 of the Best Used AWD Cars [2023]

There are good reasons to pick a car with all-wheel drive (AWD) capability. For one, if you live in snowy areas, AWD (and good winter tires) helps you navigate snowy roads easily. On the other hand, it also offers some light off-roading capabilities that adventurous types may appreciate. Looking for an AWD car that suits your needs? Here’s our list of the best used AWD cars you can find in the market. How We Rated These AWD Cars Performance All-wheel drive emphasizes handling, whether it’s … Read more

These are the Top 5 Most Reliable Used Cars [2023]

These are the Top 5 Most Reliable Used Cars [2023]

In this uncertain economic period, owning a car can become a liability. With interest rates still higher than usual, auto loan repayments are becoming increasingly expensive, even if gas prices have stabilized since the beginning of the year. Auto loan delinquencies are also rising, making the prospect of owning a car seem much more unlikely. Used cars are still in demand, so it becomes important to look out for not just an affordable used car, but also one that will reliably last you a long … Read more

Have a Need for Speed? Check Out These 1000hp Cars [2023]

Have a Need for Speed? Check Out These 1000hp Cars [2023]

If you’ve got a fast car, you’d definitely want to go cruising and entertain yourself – and maybe bring along a fellow aficionado for speed to enjoy the ride down the fast lane. With how automotive engineering has improved over the years, it’s no longer impossible for fast cars to go even faster. Dodge’s muscle cars are just one example of automakers pushing power to the limit: the 2018 Dodge Demon had 840hp at its beck and call. These days, it’s no surprise that fast … Read more

On a Budget? Check Out the Best Used Cars for Under 20000 [2023]

On a Budget? Check Out the Best Used Cars for Under 20000 [2023]

On the hunt for a good car but need to keep to a budget? You’ve probably been through various listings for new and used cars and found the prices to be steep, even for recent-year popular models. You can still find a good car for a good bargain, but let us make it easier for you. Consult our list of the best used cars for under 20000, catering to any kind of driver! Rating This List Performance A good used car will give you a … Read more

The Best Used Midsize SUVs You Can Get in 2023

The Best Used Midsize SUVs You Can Get in 2023

Is it time to look for a new family car? Or are you just looking for something a little (or a lot) bigger than a sedan for a change? Whatever your needs, a midsize SUV is a good choice for the space and the stylish comfort it can offer. But with car prices still fluctuating, you’d have to be prudent with where you put your money – and you’d definitely want a reliable workhorse for all sorts of reasons. Consider this list of the best … Read more

What’s Going On in the Automotive Market? A Summary

What’s Going On in the Automotive Market? A Summary

Key Points Overall, vehicle sales have had a positive uptick despite high price tags and interest rates Diminishing consumer power can potentially affect further sales this year onwards Car dealers and buyers need to be prepared for the uncertainties ahead of them There’s been a positive uptick in sales so far in 2023, and based on current estimates, it looks poised to keep going on this uptrend. In February, light vehicle sales saw an 8.5 percent increase (year-over-year), up 9.1 percent month-on-month from January; the … Read more

Is the Future of Electric Vehicles (EVs) Looking Bright?

Is the Future of Electric Vehicles (EVs) Looking Bright?

The Bank of America (BofA) noted that EV penetration hit an “all-time high” of 5.5 percent in 2022; sales had grown by 61 percent year-over-year (or 279,000 units) that’s helped by “robust growth” of 52 percent year-over-year (72,000 units) in the fourth quarter of 2022. With newer EVs planned to be released and the revision of the Inflation Reduction Act’s (IRA) “Clean Vehicle Credit” tax reliefs, it’s evident that EV penetration will increase over time. In fact, BofA believes that penetration rates will be up … Read more

What’s Going on with Tesla? On Price Changes and the EV Outlook

What's Going on with Tesla? On Price Changes and the EV Outlook

Earlier this February, Tesla Inc upped the price of its popular Model Y series after the government loosened regulations on electric vehicle tax credits that are part of the Inflation Reduction Act. This marked the second time prices were adjusted in two weeks – but that’s not the end of it. About a week ago, Tesla made yet another price revision for the Model Y performance crossover and the rear-wheel drive Model 3 sedan. The Model Y Performance saw a price hike of $1,000 to … Read more

Used Cars with the Biggest Price Drops

Used Cars with the Biggest Price Drops

iSeeCars released its study on used car prices in January this year. The report highlighted several interesting points, including used car models that saw the biggest price drops from 2021 to 2022 – some of which were rather surprising. In terms of “year-over-year differences” from 2021 to 2022, the average used car price in December 2022 saw a 3 percent price drop (equal to $1,043) compared to 2021. Contrast this to the September 2022 high of 7.8 percent (an increase of $2,414) compared to the … Read more