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Search resuls for: "Karl Brauer"


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☆ Now is a great time to buy a used Tesla
  + stars: | 2022-12-28 | by ( Tim Levin | ) www.businessinsider.com   time to read: +2 min
Prices for used Teslas are dropping faster than the rest of the used-car market, Reuters reported. Secondhand Tesla prices dropped by some $11,500 between July and November. Prices of secondhand Teslas have dropped faster than used cars from other brands, Reuters reported Tuesday, citing data from Edmunds. Declining gas prices, competition from other brands, and high interest rates are all contributing to the dropping prices, Reuters reported. Used Teslas losing value could impact demand for the brand's new cars, Karl Brauer, executive editor at the car search engine iSeeCars.com told Reuters.
☆ Tesla used car price bubble pops, weighs on new car demand
  + stars: | 2022-12-27 | by ( Hyunjoo Jin Nivedita Balu | Hyunjoo Jin | Nivedita Balu | ) www.reuters.com   time to read: +4 min
But the days of the Tesla flip are numbered - a potential threat to new car prices that are already getting cut. The average price for a used Tesla in November was $55,754, down 17% from a July peak of $67,297. The overall used car market posted a 4% drop during that period, according to Edmunds data. The used Teslas were in dealer inventory for 50 days on average in November, compared with 38 days for all used cars. He ordered a new one - but has just bought a used Tesla at a discount.
☆ Use this calculation to find the best used car for your money — plus 10 models that come out on top
  + stars: | 2022-12-27 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +4 min
The report then ranked those models based on the cost per remaining mile calculation to determine which used cars are the best deal. The 10 best used cars for the moneyIn the No. Overall, five Toyotas made the top 10 list of best 5-year-old used cars for the money, also including the Camry, Corolla and Avalon. He offered these five tips for anyone in the market for a used car. Being "basic" has its benefits: Going with widely popular models has an added advantage when it comes to buying a used car, Drury said.
☆ Car prices could drop 20% next year. Here's where to expect the best deals first.
  + stars: | 2022-12-19 | by ( Tim Levin | Alexa St. John | ) www.businessinsider.com   time to read: +3 min
After years of high prices and low inventory, car buyers might finally see things go their way. Consider certain brands or vehicle types if you’re car shopping in 2023. As a result, JPMorgan says, used car prices could fall by as much as 20% in 2023, and new car prices could drop by 5%. "The biggest, fastest drop in prices in returning toward normal, pre-pandemic prices would probably be in those segments," Brauer said. Pickup trucks, though popular in general, don't have great fuel economy, so prices have softened amid higher-than-normal gas prices, Brauer said.
☆ These 10 used cars have held their value the most
  + stars: | 2022-11-11 | by ( Sarah O'Brien | ) www.cnbc.com   time to read: +1 min
martin-dm | E+ | Getty ImagesSports cars, Jeep models among slowest to depreciateThe top three cars that have held the most value over the last five years are the Jeep Wrangler, which showed the least depreciation (7%), followed by the Jeep Wrangler Unlimited (8.7%) and the Porsche 911 (14.6%), according to the iSeeCars analysis. "The relative scarcity of late-model used cars due to pandemic-related new car production disruptions has kept used car values high for more than a year," said Karl Brauer, executive analyst for iSeeCars. The report also showed that some 3-year-old cars have held their values to the point that they sell for above their sticker price. Average new car price is up 8.4% from a year agoThe cost of new cars also has been climbing through the pandemic-induced inventory shortages. While increases are easing, new vehicle prices are 8.4% higher than they were a year ago, according to the inflation data.
☆ Some of America's favorite cars, like the Toyota RAV4 and Prius, are now vastly unaffordable thanks to flat wages and astronomical prices
  + stars: | 2022-10-27 | by ( Tim Levin | ) www.businessinsider.com   time to read: +3 min
Popular cars like the Toyota RAV4 and Ford Mustang aren't affordable to buy used anymore, according to a new study. For example, a three-year-old Toyota Prius will now run you $32,000. A shortage of new vehicles and other pandemic-related factors have driven car prices through the roof in recent years. "From August of 2019, well before the pandemic lockdowns started, to August of 2022, new car prices increased by almost 29 percent, and three-year-old used car prices increased by 52 percent, but incomes increased by only 13%," said Karl Brauer, executive analyst at iSeeCars. A three-year-old used car needs to cost $25,542 or less to be affordable under iSeeCars' criteria.
☆ Car buyers pay 10% above the sticker price, on average — or more if you want a Jeep or Porsche
  + stars: | 2022-09-21 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +1 min
Forget getting a deal; these days, anyone in the market for a new car could pay thousands over the sticker price before they drive off the lot. Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car prices up 10% from a year ago, according to the latest data from the U.S. Bureau of Labor Statistics. For new cars, the average transaction price reached an estimated $46,259 in August — the highest on record, a separate J.D. And now, as demand continues to exceed supply, dealers are even charging a premium over the manufacturer's suggested retail price on new vehicles, according to car shopping site iSeeCars. "Consumers are willing to pay well above sticker price for new cars because inventory is so scarce and because they know that new car pricing is not expected to improve until 2023 at the earliest," said Karl Brauer, iSeeCars' executive analyst.
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