Car price – PKW Zubehoer http://pkw-zubehoer.com/ Sat, 12 Nov 2022 05:57:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://pkw-zubehoer.com/wp-content/uploads/2021/09/icon-2-150x150.png Car price – PKW Zubehoer http://pkw-zubehoer.com/ 32 32 If you want to buy a car, then plan it soon, vehicles will get more expensive from next year https://pkw-zubehoer.com/if-you-want-to-buy-a-car-then-plan-it-soon-vehicles-will-get-more-expensive-from-next-year/ Mon, 10 Oct 2022 05:31:02 +0000 https://pkw-zubehoer.com/if-you-want-to-buy-a-car-then-plan-it-soon-vehicles-will-get-more-expensive-from-next-year/ Cars Price Hike 2023: If you are planning to buy a car, it would be best to make a quick decision. The reason is that car prices are expected to rise next year. In such a situation, buying a car in the next two to three months will be beneficial. In fact, there is a […]]]>

Cars Price Hike 2023: If you are planning to buy a car, it would be best to make a quick decision. The reason is that car prices are expected to rise next year. In such a situation, buying a car in the next two to three months will be beneficial. In fact, there is a plan to implement the second phase of BS-6 in the country from the new fiscal year. For this, car manufacturers may have to make certain modifications to the vehicle, which will affect the prices of the car. This is why it is believed that car prices in India may rise from April (new fiscal year).

What is the second phase of BS-6?

India’s Ministry of Vehicles plans to adapt the country’s vehicles in accordance with the second phase of the Bharat Stage-6 (BS-6) emission standard. If this happens, the vehicle emission standard in the country will be similar to the Euro-6 standard. But for this, four-wheeled passenger and commercial vehicles will have to be modernized, and advanced devices will have to be installed in them. Let us tell you what kind of modifications will be made to the vehicles –

1. New equipment will be installed in cars to meet emission standards. The new device will keep an eye on the car’s emission level, catalytic converter and oxygen sensor on many important parts.

2. As soon as the emission level of each vehicle exceeds the specified limit, the warning light will start to burn in the vehicles. This will indicate that the time has come to have the vehicle serviced.

3. A programmed fuel injector will also be installed in the vehicles to control the level of fuel consumed in the vehicle. This device will also monitor the amount and timing of fuel (petrol and diesel) sent to the engine.

4. Semiconductor chips used in vehicles will also need to be upgraded to monitor engine temperature, engine air pressure and particulate emissions.

won’t increase much

The first phase of BS-6 was implemented in India from April 2020. Domestic automakers had to invest around Rs 70,000 crore to adapt to the new standard. By the way, car manufacturers believe that the cost of the second phase will be lower than that of the first phase of BS-6. Particular emphasis will be placed on improving engine efficiency and much of the companies’ investment will go into modifying the software as well as installing emissions detection equipment in the vehicle. . In such a situation, the increase in the cost of the vehicles will be less compared to the increase during the transition from the BS-IV phase to the BS-VI phase.

Posted by: Shailendra Kumar

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Supermarkets and franchised dealerships keep pace with rising used car prices in September https://pkw-zubehoer.com/supermarkets-and-franchised-dealerships-keep-pace-with-rising-used-car-prices-in-september/ Tue, 04 Oct 2022 07:00:00 +0000 https://pkw-zubehoer.com/supermarkets-and-franchised-dealerships-keep-pace-with-rising-used-car-prices-in-september/ Used-car supermarkets and franchise retailers responded to the sector’s stability in September to increase the value of their inventory of advertised vehicles by 1.5% and 1%, respectively. Data from eBay Motors Group’s monthly Market View analysis showed the average value of a used car advertised on its platforms rose for a second consecutive month – […]]]>

Used-car supermarkets and franchise retailers responded to the sector’s stability in September to increase the value of their inventory of advertised vehicles by 1.5% and 1%, respectively.

Data from eBay Motors Group’s monthly Market View analysis showed the average value of a used car advertised on its platforms rose for a second consecutive month – by 0.6% to £16,753 – in september.

Car supermarkets and franchise retailers were able to increase the value of their stock, he said, as the balance between supply and demand fell by one day compared to the average number of selling days in August, which fell to 36.6 days.

And despite their price hikes, the improvement was mostly felt by car supermarkets, as they sold vehicles an average of 29.2 days, down from 32.5, as franchise dealers reduced their selling days to 29, 7 days, compared to 32.3 days in August.

Independents saw an increase from 45.7 to 46.9 days, according to data from eBay Motors.

Cars priced between £20,000 and £40,000 sold the fastest last month, he added, averaging just 30.5 days on dealer forecourts. Those priced below £10,000 were the slowest to sell, with those priced between £5,000 and £9,999 averaging 48.6 days.

Lucy Tugby, eBay Motors Group Marketing Director, said: “Despite soaring household costs impacting purchasing power, supply and demand proved to be well balanced in September with improvements marginal prices and inventory turnover, while inventories followed August closely.

“At a time of growing economic uncertainty, this data highlights the robustness of the used car market.”

Despite the “robust” market, Tugby warned retailers that the coming months could face volatility due to rising financial costs for consumers resulting from interest rate hikes by the Bank of England.

Last month, the National Association of Motor Auctions (NAMA) advised a meeting of its members that auto retailers’ used car forecourts are unlikely to benefit from “significant volumes” of additional inventory due to the seasonal increase in sector sales in September.

Inventory levels fell for the fifth consecutive month, according to eBay Motors, although the 2% drop to 47.9 was the equivalent of just one unit, with inventories at the same level as September last year.

Average inventories at franchise dealerships fell from 71 to 69 units, while independents fell from 36 to 35 units, while auto supermarkets remained unchanged at 290 units.

Tugby said: “Franchise dealers will have been disappointed not to take advantage of the influx of part exchanges in September, but are hoping deliveries of 72 plates will trickle in over the next few months.

“Although dealer listings continue to be dominated by petrol and diesel models, views of electric vehicles on Motors.co.uk are following at a higher rate than in the pre-Covid period of 2019 and have consistently outperformed hybrids since May.

“While the volume of used EVs remains relatively low compared to ICE vehicles, buyer interest is increasing month on month. Dealerships able to source and market EVs are achieving rapid sales, as illustrated by the Vauxhall Mokka EV which had an average of just 4.9 days of stock in September.

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Pendragon’s average used car price rises by nearly a third, but inflation hits profits https://pkw-zubehoer.com/pendragons-average-used-car-price-rises-by-nearly-a-third-but-inflation-hits-profits/ Wed, 21 Sep 2022 07:00:00 +0000 https://pkw-zubehoer.com/pendragons-average-used-car-price-rises-by-nearly-a-third-but-inflation-hits-profits/ A Pendragon showroom (Pendragon) Car dealership Pendragon revealed an increase of almost a third in the sale price of a used vehicle as supply shortages and inflation provided the ‘backdrop’ for trading in the first half of the year. Operator of the Evans Halshaw and Stratstone brands said the average price of a used car […]]]>

A Pendragon showroom (Pendragon)

Car dealership Pendragon revealed an increase of almost a third in the sale price of a used vehicle as supply shortages and inflation provided the ‘backdrop’ for trading in the first half of the year.

Operator of the Evans Halshaw and Stratstone brands said the average price of a used car was £18,965, up 32%. Its underlying profit fell almost 5% to £33.5m after underlying costs increased by almost £21m.

He called macroeconomic conditions “difficult” and said they were likely to continue into the second half of the year, but stuck to his existing forecast for the full year.

Pendragon revealed failed takeover talks in August, with an unnamed suitor he called a “big international company”. The bid, estimated at £460million, fell through after one of Pendragon’s five existing major shareholders refused to join the talks.

Chief Executive Bill Berman said the offer demonstrated “great interest in the strength of our strategy and the prospects for the group”, adding: “While this proposal was unsuccessful, the board felt that it deserved to be discussed with our shareholders”.

Julie Palmer, partner at Begbies Traynor, said: “A shortage of the microchips needed to build modern cars means dealers like Pendragon are struggling to get their hands on vehicles for sale, driving up prices.

“The cost of living crisis and soaring inflation mean that cash-strapped consumers may have no choice but to keep their cars for longer, just as production normalizes and that new vehicles come to market.”

Pendragon shares fell 1% to 23p on Wednesday. According to August offer reports, the potential offer was then priced at 29p per share.

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Brands with the biggest used car price premiums https://pkw-zubehoer.com/brands-with-the-biggest-used-car-price-premiums/ Mon, 19 Sep 2022 18:07:39 +0000 https://pkw-zubehoer.com/brands-with-the-biggest-used-car-price-premiums/ Photo credit: SHERBOCK / Shutterstock After more than a year of high inflation across all sectors of the economy, consumers have recently seen signs of relief. The overall growth rate of the consumer price index has stabilized in recent months after a strong rise in 2021 and early 2022. And the categories that have been […]]]>

Photo credit: SHERBOCK / Shutterstock

After more than a year of high inflation across all sectors of the economy, consumers have recently seen signs of relief. The overall growth rate of the consumer price index has stabilized in recent months after a strong rise in 2021 and early 2022. And the categories that have been in the headlines due to the rapid rise in prices are also cooling. Gasoline prices fell from $5.03 a gallon in June to $4.08 in August, house prices fell slightly from summer highs, and travel experts calculated that domestic air ticket prices are down 37% from prices this summer.

The used-vehicle market is another area where consumers are hoping to see inflation ease. The automotive industry has been particularly hard hit by supply chain disruptions resulting from the COVID-19 pandemic over the past two and a half years. Many factories were closed or operated at reduced capacity for periods of 2020 and 2021 due to the pandemic, while shortages of parts like microchips have been a chronic problem for the industry. As a result, automakers are producing millions fewer vehicles than before the pandemic, which has dramatically increased demand and prices for used cars.

Fortunately, as in many other categories, price increases in the used car market could take a turn, according to CoPilot. Back to normal index. The index compares current used vehicle values ​​to what they would have been without the momentum of the past two years. While CoPilot estimates that used cars have an overall price premium of 39%, the explosive growth in car prices over the past year has leveled off going into 2022. And recently, the Back to normal index saw its first three-month drop in the price premium on used cars.

However, some vehicle types still have particularly high price premiums. Given the declining supply of new vehicles, recent model years tend to have the largest price premiums. Vehicles 1-3 years old carry a typical premium of $11,964, more than a third more than the $8,431 premium for vehicles 4-7 years old, and more than double the premium of 5 $002 for vehicles 8-13 years old.

Price premiums also vary by segment. Many automakers targeted more of their new vehicle production to their best-selling vehicles, which helped keep premiums lower for popular types like SUVs (26% price premium), trucks (29%) and crossovers (35%). Coupes (50% premium), sedans (48%) and convertibles (48%) hold the highest premiums of all vehicle types.

In addition to age and type of vehicle, brands also show price variations. Unfortunately for consumers, no major brand category has escaped price increases: domestic brands by volume (like Ford), foreign brands by volume (like Hyundai) and luxury brands (like Tesla) all have average price premiums above 30%. But CoPilot Back to normal index shows that premiums are particularly high for some manufacturers. Foreign brands by volume offer the fewest offers to consumers. These brands have an overall price premium of almost 40% and represent 10 of the top 15 brands with the highest price premiums, including each of the top four.

To find the brands with the largest used car price premiums, CoPilot researchers analyzed the latest CoPilot data. Back to normal index. The researchers ranked used car brands by the highest price premium percentage as of July 2022. The price premium percentage is calculated using the differential between what a used car is typically worth and what it is really worth now, at retail.

Here are the brands with the largest used car price premiums.

Brands with the biggest used car price premiums

Photo credit: chubis / Shutterstock

15.Chevrolet

  • Price premium percentage: 41%
  • Average registration price: $32,505
  • Price change from month to month: $0
  • Brand category: National brands in volume

Photo credit: SHERBOCK / Shutterstock

14. Ford

  • Price premium percentage: 42%
  • Average registration price: $33,213
  • Price change from month to month: $189
  • Brand category: National brands in volume

Photo credit: Art Konovalov / Shutterstock

13.Pontiac

  • Price premium percentage: 43%
  • Average registration price: $10,052
  • Price change from month to month: $88
  • Brand category: National brands in volume

Photo credit: Devin Tolleson / Shutterstock

12. Scion

  • Price premium percentage: 43%
  • Average registration price: $13,625
  • Price change from month to month: -$35
  • Brand category: Foreign brands by volume

Photo credit: VinRart / Shutterstock

11.Honda

  • Price premium percentage: 43%
  • Average registration price: $26,257
  • Price change from month to month: $289
  • Brand category: Foreign brands by volume

Photo credit: ilikeyellow / Shutterstock

10.Mitsubishi

  • Price premium percentage: 44%
  • Average registration price: $20,281
  • Price change from month to month: $104
  • Brand category: Foreign brands by volume

Photo credit: TKalinowski / Shutterstock

9.Nissan

  • Price premium percentage: 44%
  • Average registration price: $24,390
  • Price change from month to month: -$69
  • Brand category: Foreign brands by volume

Photo credit: Anastasiia Gavriushina / Shutterstock

8. Mazda

  • Price premium percentage: 44%
  • Average registration price: $24,557
  • Price change from month to month: $318
  • Brand category: Foreign brands by volume

Photo credit: Hendrickson Photography / Shutterstock

7.Chrysler

  • Price premium percentage: 45%
  • Average registration price: $23,011
  • Price change from month to month: -$231
  • Brand category: National brands in volume

Photo credit: Pavel L Photo and Video / Shutterstock

6.Smart

  • Price premium percentage: 48%
  • Average registration price: $12,701
  • Price change from month to month: $301
  • Brand category: Foreign brands by volume

Photo credit: Abu hasim.A / Shutterstock

5.Tesla

  • Price premium percentage: 48%
  • Average registration price: $70,374
  • Price change from month to month: -$631
  • Brand category: Luxury brands

Photo credit: Katuka/Shutterstock

4.FIAT

  • Price premium percentage: 51%
  • Average registration price: $16,575
  • Price change from month to month: $70
  • Brand category: Foreign brands by volume

Photo credit: Roman Vyshnikov / Shutterstock

3.Hyundai

  • Price premium percentage: 53%
  • Average registration price: $22,849
  • Price change from month to month: $167
  • Brand category: Foreign brands by volume

Photo credit: Jonathan Weiss/Shutterstock

2.Kia

  • Price premium percentage: 55%
  • Average registration price: $24,353
  • Price change from month to month: $258
  • Brand category: Foreign brands by volume

Photo credit: Jonathan Jones

1.Volkswagen

  • Price premium percentage: 58%
  • Average registration price: $25,556
  • Price change from month to month: $104
  • Brand category: Foreign brands by volume

Detailed results and methodology

To find the brands with the largest used car price premiums, CoPilot researchers analyzed the latest CoPilot data. Back to normal index. The researchers ranked used car brands by the highest price premium percentage as of July 2022. The price premium percentage is calculated using the differential between what a used car is typically worth and what it is really worth now, at retail. Additionally, the researchers also calculated the average listing price and month-over-month (June 2022 to July 2022) price change for each brand.

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A guide to learn more about falling used car prices and its consequences https://pkw-zubehoer.com/a-guide-to-learn-more-about-falling-used-car-prices-and-its-consequences/ Fri, 16 Sep 2022 13:42:18 +0000 https://pkw-zubehoer.com/a-guide-to-learn-more-about-falling-used-car-prices-and-its-consequences/ Getting a car is a very cumbersome process as there are many factors that you need to keep in mind while buying a new car. However, recently it has been observed that people give more preference to used car than new car. However, one of the main factors influencing this is the price. For buyers […]]]>

Getting a car is a very cumbersome process as there are many factors that you need to keep in mind while buying a new car. However, recently it has been observed that people give more preference to used car than new car. However, one of the main factors influencing this is the price.

For buyers and sellers looking for a fair deal of used cars, let us introduce you to MotorCloud, the largest search engine where buyers and sellers can search and compare and get the best results and the most achievable results. Additionally, it recently reported an average decline of 1.2% for used cars and 3.2% for vehicles over 50,000 miles. With this, you can consider it the most user-friendly platform for buyers and sellers.

Used car prices in recent years

In recent years, it has been observed that the price of used car in the market has skyrocketed. Additionally, the US Bureau of Labor Statistics said that from December 2019 to October 2022, the used car index increased by 42%, indicating the price increase. Two major factors are responsible for this scenario and they are:

  • Strong demand: the recent COVID pandemic can be seen as one of the major contributors to this factor. Also, most people have been waiting for their purchases due to the pandemic and now they are back to buying a used car.

Also, another contributor to the factor is the low interest rate on the loan. This reduces buyers’ payment burden.

  • Reduced supply: due to the temporary shutdown of auto industries, the production of auto parts and new cars has stopped. And the industry couldn’t keep up with buyer demand.

Lower car price

if we compare the acceleration rate and the deceleration rate of used car price, the acceleration rate is quite high. Therefore, the decline will be very slow compared to the rise. With the standardization of the industry, the price would eventually come down. However, according to recent retail inventory reports, the price will remain high through 2022.

Even if the price will drop, we cannot say how much it will drop because it depends on the personal factors of the car.

Comparison and contrast between pros and cons

There are several advantages to buying a used car. The main advantage is that the price of the used car is much lower than the new one and you can get the latest car if you find one. Also, the loan amount is lower in a used car and you are also offered a repair guarantee.

Even though there are advantages but also disadvantages, in the case of used cars, you may not have enough choices and the interest is also high. Also, most of the time the car looks good from the outside, but has a lot of damage.

Conclusion

It’s entirely your choice if you want to wait for the price to drop or buy a new one. Therefore, make the decision carefully.

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Pricing for Ola Electric’s first premium car announced by CEO Bhavish Aggarwal https://pkw-zubehoer.com/pricing-for-ola-electrics-first-premium-car-announced-by-ceo-bhavish-aggarwal/ Mon, 22 Aug 2022 17:29:11 +0000 https://pkw-zubehoer.com/pricing-for-ola-electrics-first-premium-car-announced-by-ceo-bhavish-aggarwal/ Ola Electric will launch its first electric car in 2024. Long before the launch, Ola CEO Bhavish Aggarwal teased the price of the car, which will be a premium segment offering. The Indian startup entered the electric scooter market last year by announcing the Ola S1 and Ola S1 Pro. The Ola S1 Pro is […]]]>

Ola Electric will launch its first electric car in 2024. Long before the launch, Ola CEO Bhavish Aggarwal teased the price of the car, which will be a premium segment offering. The Indian startup entered the electric scooter market last year by announcing the Ola S1 and Ola S1 Pro.

The Ola S1 Pro is priced at Rs 1,29,999 in India. Last week, the company relaunched the entry-level Ola S1 with a price tag of Rs 99,999. At the same event, the company gave details of its first electric car. The company would release premium models first, followed by more affordable variants.

Read also : Ola Mission Electric 2022: New details emerge on next electric car; Launch of the Ola S1 scooter

Ola Electric Car Price in India

Ola car teaser

Ola Founder and CEO Bhavish Aggarwal told PTI: “Ola’s product range will range from Rs one lakh (entry-level two-wheeler) to Rs 40-50 lakh (premium electric car) and the company’s vision is to be a “world leader mid-size, small and premium electric cars that suit markets and consumers like India.”

Ola’s next premium electric car will be the “fastest and sportiestin India. It is expected to debut in 18-24 months. Currently, the company is considering all the products it will launch in the future.

The company will aim for one million cars per year in volume by 2026 or 2027. Aggarwal further stated, “Global automakers believe that the Indian market is not ready for world-class technology and therefore sell their second-hand technology in India. Now we have to change that. We deserve a car that defines this new India, an India that fears nothing and believes in writing its own destiny. “

Ola’s first electric car: what to expect

Ola’s first premium electric car will be a keyless, handleless vehicle. It will be one of the fastest cars in India, capable of reaching 0 to 100 km/h in 4 seconds. It will offer a range of 500 km per charge. Like its scooters, it will be powered by the company’s MoveOS software.

The teaser released by the company hints that the Ola car will sport a 4-door coupe-like design. It will have a rounded roofline and come with an LED light bar, which spans the full width of its bonnet. The light bar will be equipped with the company logo. The rear of the car will feature a large LED bar for the taillight and the Ola logo.

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States with highest and lowest used car price increases https://pkw-zubehoer.com/states-with-highest-and-lowest-used-car-price-increases/ Tue, 16 Aug 2022 07:00:00 +0000 https://pkw-zubehoer.com/states-with-highest-and-lowest-used-car-price-increases/ Which states have the smallest increase in used car prices? Rank/State % price change year over year Price change in $ year over year 1.Oklahoma 0.8% $278 2.Alaska 1.3% $542 3. Rhode Island 3.4% $1,038 4; Hawaii 5.0% $1,562 5. Mississippi 5.1% $1,663 6. New Mexico 5.5% $1,788 7. Arkansas 5.6% $1,906 8. West Virginia […]]]>

Which states have the smallest increase in used car prices?

Rank/State % price change year over year Price change in $ year over year
1.Oklahoma 0.8% $278
2.Alaska 1.3% $542
3. Rhode Island 3.4% $1,038
4; Hawaii 5.0% $1,562
5. Mississippi 5.1% $1,663
6. New Mexico 5.5% $1,788
7. Arkansas 5.6% $1,906
8. West Virginia 5.8% $1,885
9.Missouri 5.9% $1,891
10. South Dakota 6.0% $2,160

#tablepress-701 from cache

ExploreRead iSeeCars full list to find your state.

Although prices may be looking a bit upside down right now, silver expert Clark Howard expects them to adjust for the best. by the end of the year or the beginning of 2023.

Crazy prices aside, inventory issues have made getting that new car you might want quite difficult these days. In this spirit, Clark suggests you hang on to buying a vehicle right now whether you can.

If you absolutely must buy a vehicle, you may be able to get the one you want is to broaden your search beyond your area.

“What you’re doing is shopping around and even being willing to go further to buy a new vehicle than you might have in the past,” Clark says.

When Clark used this money-saving strategy to buy a car late last year, he saw price differences of more than $23,000.

What do you see in your condition? Join the conversation in our Clark.com community!

ExploreThis article originally appeared on Clark.com

The post New Report: States with Highest and Lowest Used Car Price Increases appeared first on Clark Howard.

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Navigating Car Price Increases: How to Mitigate or Avoid Dealer Markups https://pkw-zubehoer.com/navigating-car-price-increases-how-to-mitigate-or-avoid-dealer-markups/ Sat, 13 Aug 2022 07:00:00 +0000 https://pkw-zubehoer.com/navigating-car-price-increases-how-to-mitigate-or-avoid-dealer-markups/ Throughout 2022, new car buyers paid an average of about $700 more than the manufacturer’s suggested retail price, according to Edmunds data. Those looking for a new vehicle today may be in for a shock after seeing that a dealer has priced the vehicle they want well above the MSRP. Dealers have leverage to set […]]]>

Throughout 2022, new car buyers paid an average of about $700 more than the manufacturer’s suggested retail price, according to Edmunds data. Those looking for a new vehicle today may be in for a shock after seeing that a dealer has priced the vehicle they want well above the MSRP.

Dealers have leverage to set prices through added accessories and price increases. These so-called market adjustments and, by extension, accessories added by dealers on new cars were once reserved for highly anticipated vehicles or limited-edition models. But now they are commonplace and part of the cost of doing business in today’s market of low inventory and inflated prices.

Edmunds explains what you can expect from dealerships for the rest of 2022 and offers tips for getting the best deal.

WHAT ARE THEY?

You can find these markups on new vehicle glass at a dealership or, in rare cases, on the dealership’s website. You’ll want to look for a rectangular sheet of paper, often displayed near the official window sticker of a new car or sometimes on the windshield. This is officially an addendum or extra window sticker. The addendum will contain a number of dealer installed accessories, a market fit or a combination of both.

Although this is not an official factory sticker, it does not mean that you can ask the dealership to waive the charge. What makes it difficult for a buyer today is that if you don’t want to pay for those items, the dealer will happily wait for the next customer who will.

MARKET ADJUSTMENTS

A market adjustment or markup is essentially a fee that the dealer has designed to reflect a low supply, high demand situation. It can range from a few thousand dollars on common vehicles to over $50,000 on high end or limited production vehicles.

DEALER INSTALLED ACCESSORIES

Common add-ons can include anti-theft devices costing around $800 to $1500, door edge guards which can range from $400 to $800, and nitrogen filled tires which can range from $90 to more $700 if included with a warranty. When combined, these elements can add thousands to the price of a new car.

For those who aren’t interested in these extras, it’s not as easy as asking for them to be removed since they’ve already been installed. For example, you cannot remove a ceramic paint coating once it has been sprayed on the vehicle. The matter becomes more complicated because you are now negotiating on several fronts: the accessories, the price of the car and perhaps also your trade-in.

TIPS FOR DEALING WITH ADD-ONS OR MARGINS

Check for price increases: If you’ve identified a car you’re interested in, call ahead and ask if it has a markup or comes equipped with dealer accessories. If so, inquire specifically about the items and their cost.

Cast a Wider Net: Not all dealers will buy into this “market fit” philosophy. Your goal is to find these dealers and shop with them. You may need to expand your net to an out-of-town or neighboring county dealership. To find them, try searching online with terms such as “no markup (brand) dealers in (city or state)” or “above MSRP dealers in (city or state)”. Look for threads where people are discussing this topic.

If you want the accessories: there’s some value to many added items, the convenience of installing them already, and the ability to fold the cost into your car loan. But it’s important to note that you’ll likely pay more – the dealership likely priced the accessories up 40% to 50% over what they paid for them.

Don’t be afraid to bargain: dealers don’t always expect people to pay the full markup, so if the vehicle you really want has a market fit, try offering half its cost . The dealership may counter, but it can be a win-win for both parties – you could save thousands of dollars and the dealership still sells the vehicle above MSRP.

Order the car: This option requires patience and planning, but in most cases a vehicle ordered from the factory will probably not have been marked. You can get the exact car you want at MSRP as long as you’re willing to wait. If a dealer insists on adding accessories to a factory-ordered vehicle, we suggest shopping elsewhere.

EDMUNDS SAYS: At a time when vehicles are scarce, dealers want to maximize profit on each unit given that margins are already low on new cars. While market adjustments and add-ons can be frustrating and costly for consumers, they are within a dealer’s rights. After all, the “S” in MSRP stands for “suggested.”

___

This story was provided to The Associated Press by automotive website Edmunds. Ronald Montoya is Consumer Advice Editor at Edmunds.

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Has the car price bubble burst? https://pkw-zubehoer.com/has-the-car-price-bubble-burst/ Fri, 12 Aug 2022 07:00:00 +0000 https://pkw-zubehoer.com/has-the-car-price-bubble-burst/ WendellandCarolyn / Getty Images In mid-July, CBS News reported that vehicle repossessions had increased, with repossessions even doubling among buyers with good to excellent prime credit. In many cases, the pandemic stimulus helped defaulters buy cars, but when the checks stopped and inflation rose in 2022, they couldn’t keep up with the payments. In other […]]]>

WendellandCarolyn / Getty Images

In mid-July, CBS News reported that vehicle repossessions had increased, with repossessions even doubling among buyers with good to excellent prime credit. In many cases, the pandemic stimulus helped defaulters buy cars, but when the checks stopped and inflation rose in 2022, they couldn’t keep up with the payments. In other cases, people got into trouble taking out more expensive loans after the Fed raised interest rates.

See: How much money to have hidden at home at any time
More: 7 surprisingly easy ways to reach your retirement goals

The trend is a troubling sign that industry experts say points to a market bubble that is about to burst. Gradually falling MSRPs would be good news, but a sudden drop in prices would leave many people who bought at the height of the bubble underwater with cars worth less than their loan balances.

So, is there a bubble? Has it burst or will it burst soon? GOBankingRates asked the experts.

First, the bad news

According to the CoPilot Back to Normal Index, the average price of a used vehicle is $33,341. That’s below the March peak, but only by $172.

If the standard depreciation models still applied, the average price would be $23,295, which means used car buyers are paying an average of $10,046 more thanks to the auto market bubble.

Although used prices are only a hair below the peak of the bubble, the market for new cars is even uglier. Late last month, Kelley Blue Book reported, “New car buyers paid an average of $48,182 in July. This was the highest figure ever recorded by KBB.

“The auto market is still tight in supply and high in demand,” said Lauren Fix, automotive expert and industry analyst, Car Coach Reports. “Beyond the shortage of chips, there are shortages of tires, wiring harnesses and plastic components. A dealership I spoke to has new cars in their lot, but they are not salable. because they lack interior wheelhouses or chips for safety devices. In conversation with many automakers, they don’t see any relief from these supply chains until 2024.”

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Demand is falling and prices shouldn’t be far behind

The $172 drop in the average used car price isn’t exactly cause for celebration, but it could be a sign that the storm clouds are beginning to lift.

“Prices could finally start to cool down a bit,” said David Chou, who previously led corporate strategy at CarMax and Edmunds and is now CEO and co-founder of used luxury car platform Motorenn. “There will be a decline in prices in the short to medium term, then a slight recovery in the next six to 12 months before a likely return to normal.”

As in all industries, it’s all about supply and demand.

“While supply is still constrained compared to the steady state of new car production before the pandemic, demand has also been depressed,” Chou said. “With inflation, a potential recession, and resulting changes in financing – such as higher interest rates, more consumers underwater with their leases or loans, and higher default rates – the number of new and used car sales has slowed.”

Matas Buzelis, auto expert at carVertical and president of the Association of Automotive Intelligence, agrees that demand is falling because cash-strapped consumers are postponing purchases, but he thinks car salespeople are also responsible for lower prices. price.

“It is also being initiated by dealers who are struggling to sell certain vehicles and are in dire need of cash.”

Where the new market goes, the used market will follow

At the height of the auto shortage — when used cars routinely sold for more than comparable new cars and new cars had months-long waiting lists — analysts discussed the two markets as s they existed independently.

They don’t.

“The new car market sets the tone for the used car market,” Buzelis said.

However, prices in the used and new markets can and do change at different rates for different reasons, and the used market will likely ease first.

“With the slowdown in new car supply, some used car transactions are lagging,” Buzelis said. “New car prices are far less likely to fall. Manufacturers have already adapted. Previously, these were volume businesses, where greater profits could be made by increasing production numbers. But now automakers can sustain their gains without ramping up the speed of their assembly lines.

To buy or to sell, or not to buy or to sell?

If you’re thinking of selling a car and you think the market is about to fall, it might be time to pull the trigger. If you’re looking to buy, wait a bit.

“The used car bubble is on the verge of bursting, if not by the end of this year, by the start of 2023,” said Geoff Cudd, consumer advocate and owner of Find The Best Car Price. “This will help a lot of people who just can’t afford a new car. As this hasn’t happened yet, I would advise anyone looking for a used car to wait a few more months if they can. As for those looking to sell their cars, I say sell now. Since this bubble is about to burst, you will get less and less for your used car over time.

Ultimately, of course, the decision to buy, sell or trade in a car is a personal decision often driven by necessity.

“The best time to buy a vehicle is when you need it,” said Mike Rumple, owner and CEO of Your Car Buying Advocate. “Just as it is unwise to try to time the stock market, I say this to all my clients: if you need a car, buy a car. If you don’t need one and don’t have to buy one, don’t buy one.

More from GOBankingRates

This article originally appeared on GOBankingRates.com: Has the car price bubble burst?

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Hybrid and electric models lead used car price spike https://pkw-zubehoer.com/hybrid-and-electric-models-lead-used-car-price-spike/ Thu, 11 Aug 2022 07:00:00 +0000 https://pkw-zubehoer.com/hybrid-and-electric-models-lead-used-car-price-spike/ Used car prices continue to rise, with hybrid and electric cars hit the hardest, new analysis finds iSeeCars. The analysis, which is based on aggregate listing prices and not necessarily transaction prices, found that the average listing price of used hybrids and electric vehicles increased more than year over year. other than the other types […]]]>

Used car prices continue to rise, with hybrid and electric cars hit the hardest, new analysis finds iSeeCars.

The analysis, which is based on aggregate listing prices and not necessarily transaction prices, found that the average listing price of used hybrids and electric vehicles increased more than year over year. other than the other types of powertrains.

Used electric vehicles saw the biggest price increase, with average prices in July 56.7% higher than the same period last year. Used hybrid prices have increased by 30.5% compared to July 2021. This compares to an average of 10.9% for all used cars and an average of 10.2% for models not electrified.

car prices in the United States in July 2022 (according to iSeeCars)” alt=”Average increase in used car prices in the United States in July 2022 (according to iSeeCars)” width=”640″ height=”174″ class=”first_image lazy” data-width=”1024″ data-height=”279″ data-url=”https://images.hgmsites.net/lrg/average-u-s-used-car-price-increases-in-july-2022-from-iseecars_100851156_l.jpg” src-h=”https://images.hgmsites.net/hug/average-u-s-used-car-price-increases-in-july-2022-from-iseecars_100851156_h.jpg” src=”https://images.hgmsites.net/lrg/average-u-s-used-car-price-increases-in-july-2022-from-iseecars_100851156_l.jpg” src-l=”https://images.hgmsites.net/lrg/average-u-s-used-car-price-increases-in-july-2022-from-iseecars_100851156_l.jpg” src-m=”https://images.hgmsites.net/med/average-u-s-used-car-price-increases-in-july-2022-from-iseecars_100851156_m.jpg” src-s=”https://images.hgmsites.net/sml/average-u-s-used-car-price-increases-in-july-2022-from-iseecars_100851156_s.jpg”/>

Average increase in used car prices in the United States in July 2022 (according to iSeeCars)

The individual used models with the highest average price increases were also overwhelmingly electrified. The Nissan Leaf saw the biggest increase, at 43.8%, followed by the Hyundai Sonata Hybrid at 43.0%. They were followed by the Toyota Prius, the Prius Prime plug-in hybrid and the Avalon Hybrid, all of which saw average price increases of around 30% for used examples.

In all cases, these increases mean the difference between the four-digit and five-digit average prices. The Leaf, for example, went from an average list price of $8,563 in July 2021 to an average list price of $28,093 in July 2022.

And despite a price drop for the new Chevy Bolt EV, the price of a used vehicle has increased significantly. Average second-hand prices rose 30.2% between July 2021 and July 2022, according to the analysis, the sixth highest increase.

2020 Hyundai Sonata Hybrid

This continues a trend we saw last year when it came to electric vehicles. And iSeeCars noted this spring that prices for electric and hybrid vehicles were up more than a third from levels a year ago.

On a model-by-model basis, used EV prices had come down as a percentage of their original price, but we noticed a turnaround in early 2019, apparently with the arrival of some more affordable long-range EVs like the Bolt EV and Tesla Model 3 on the used market.

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