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Top related persons:
Brianna Soukup - 1 Cox - 1 we've - 1 Jeremy Robb - 1 Jonathan Smoke - 1 Scott Kunes - 1 Kunes - 1 It's - 1
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Manheim U.S Detroit West Coast Maine
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Lee - 1 Portland Press - 1 Getty - 1 Automotive - 1 Cox Automotive - 1 Morning - 1 Kunes - 1 RV Group - 1

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☆ Used car prices expected to stabilize in 2024 after two years of decreases from record highs
  + stars: | 2024-01-08 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
(Staff photo by Brianna Soukup/Portland Press Herald via Getty Images)DETROIT — Used vehicle prices are expected to stabilize this year, after buyers of pre-owned cars and trucks got more relief in 2023 following a stretch of record prices. However, used vehicle prices are still higher than they were before the pandemic. Retail prices for consumers traditionally follow changes in wholesale prices, but they have not fallen as quickly as wholesale prices in recent years. Used vehicle sales are expected to increase by less than 1% to 36.2 million, according to Cox Automotive. That forecast includes 19.2 million in used vehicle retail sales.
Persons: Brianna Soukup, Cox, we've, Jeremy Robb, Jonathan Smoke Organizations: Lee, Portland Press, Getty, Automotive, Cox Automotive Locations: Manheim, U.S
☆ EVs are running out of customers — and some dealers don't want them anymore
  + stars: | 2023-08-23 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com   time to read: +5 min
AdvertisementAdvertisementMore electric vehicles are being pumped out of car factories than ever before – but some dealers don't want them. Electric car inventory has been piling up on dealership lots this year as companies up their EV production, leading some dealers to say enough is enough. Some are telling automakers they don't want any more until they can sell what's sitting, several dealers told Insider. AdvertisementAdvertisementIn the EV plateau, dealers are left in the lurchIn this round of growing pains for the electric car market, dealers are set up for the most trouble . "Dealers know in real time with real-time feedback what the market is doing," Karl Brauer, an automotive analyst for iSeeCars, previously told Insider.
Persons: Scott Kunes, Kunes, It's, Sam Fiorani, Fiorani, EVs, Tesla, Adam Lee, he's, Lee, Karl Brauer Organizations: Morning, Kunes, RV Group, Nissan, Mitsubishi, AutoForecast Solutions, Coast Ford, Midwest, Hyundai, Lee Auto, iSeeCars Locations: Detroit, West Coast, Maine
☆ The best tips for buying a car, according to dealers
  + stars: | 2023-03-31 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +4 min
Car buying is daunting, but especially with today's interest rates and uncertain inventory. Car dealers offered some tips about getting the best deal. There are plenty of things consumers can do to make the right choice and get the best deal amid all of that. Dealers — who know the ins-and-outs of the auto-buying market — have a few more tips for the best way to get a deal and navigate the process. The average new car sold for $48,763 in February, according to Kelley Blue Book, down from January's $49,468 and December's $49,507.
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