Image: Carmax The used car market has been an up-and-down mess since at least 2020, with reduced new car inventory pushing more buyers into pre-owned purchases, which reduced the revolving supply of trade-ins. This perfect storm of pandemic-induced chip-shortage used car inflation appears to finally be subsiding. According to a new report from Edmunds Q2 … Read more
Every year, the price of a new car ticks ever upwards. Loans get longer, yet monthly payments are always on the rise, leading to an epidemic of folks underwater on their loans. Now, there’s a new complicating factor: Used car prices are falling, meaning folks are getting less for their over-leveraged trade than ever. Welp, … Read more
You’ve most likely noticed that there have been a hell of a lot of automotive recalls over the past decade that have impacted millions of vehicles on the roads in the U.S., some multiple times. It could leave you wondering why the hell there seems like a new major recall every single day. Well, there’s … Read more
