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Sep 6, 2024 · With numerous incentives, including zero percent financing and great lease deals, now is a fine time to buy if you are in need of a vehicle soon. Of course, the best decision for you wallet is usually to keep the vehicle you already have, but sometimes that’s not an option.
Dec 16, 2023 · Whether you're eyeing a brand-new model or looking to buy a pre-owned vehicle, I’ll explain the current state of Canada's auto market and what could lie ahead.
- What New Car Shoppers Can Expect
- What Used Car Shoppers Can Expect
- Automakers Are Building More Expensive Cars
- Older, Less Expensive Cars Harder to Find
- How to Buy A Car Right Now
- Selling A Car Right Now
- Trading in A Car Now
- Looking Ahead
- Tips For Buying A Vehicle Right Now
New car shoppers this month will find vastly different conditions at different sales lots because some companies have built themselves into a problem and others haven’t. Overall, new car prices fell in August. The average buyer paid $47,870 last month— the 11th straight month prices have been lower than they were the year before. Sticker prices are...
The story on used car prices is a bit more complicated. Prices fell 0.9% in August. The average used car price ended the month at $25,172, 6% lower than a year ago. But they may fluctuate through the fall. We predict retail used car prices by watching the prices dealers pay at auction for used cars they later sell. A trend in wholesale prices tends...
Though short-term trends may push new car prices down, automakers are focusing efforts on building more premium cars. The era of the inexpensive car is disappearing. A recent analysis finds that sales of cars priced at $25,000 or less have fallen by 78% in just five years. Five years ago, automakers offered 36 new models in that price range. Last y...
If you hope to find an older vehicle and your budget is less than $15,000, these cars remain in short supply. More would-be new car shoppers started buying up the available used vehicles, drawing down the inventory. Plus, Americans are holding onto their cars longer than ever. The average vehicle on American roads is now 12.6 years old. Automakers ...
If you want a new or used vehicle, shoppers are still getting sticker shock. New car prices remain about 13% higher than July, 2021, when the average transaction price for new vehicles was around $42,736. But take stock that your next car will likely last longer and help you drive saferthan ever with all the technological advances and offerings. RE...
Few of us can sell a car without needing to buy a replacement. But, if that’s you, what are you waiting for? You could get more for your vehicle if it’s in high demand, and that’s excellent news. The best way to get the most money for your used car is to sell it privately. But if you don’t want the hassle, there is still an opportunity to sell to a...
The ongoing shortage of used cars will be with us for years. As a result, you’ll likely still see respectable offers for your used car this month. “Fewer new vehicles produced in 2021 meant lower leasing, which equals fewer lease maturities starting this year,” said Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. A...
According to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index, new cars are now more affordable than they’ve been at any point in more than three years. But two trends complicate the picture. One is that Federal Reserve rate cut. Our economists tell us it will reach car shoppers slowly, perhaps as late as December. Borrowing to buy ...
If you shop right now, we recommend a few strategies to help you find the right new or used car that fits your budget. 1. Expand your search. Widen your search to a broader geographic area. 2. Stay patient. Call dealerships early and often to see what’s coming off the trucks for those harder-to-find vehicles. Leave a refundable deposit if you want ...
Apr 9, 2022 · Five tips on buying a car right now. With prices so high, shoppers also need to keep a close eye on their budget. “There is no point in test driving a car if it turns out you can’t afford...
Jun 24, 2022 · Whether it’s in your best interest to take advantage of elevated trade-in values or wait for the inventory shortage to improve comes down to several factors: the car you’re trading in, the...
- News Editor
Is now a good time to buy a car in Canada? Albert Einstein is often credited with saying: “In the midst of every crisis, lies great opportunity.” This universal nugget of wisdom is especially relevant to car shoppers these days.
Jun 4, 2023 · Do you really need a new car for a vital reason? The first and most important question to ask yourself is whether the purchase of a new car is a true necessity or not.
