Used Car Industry News and Resources

By the end of 2023, there were only a handful of places to buy cars. The cheapest were in countries like India and China, where the government has subsidized the price of new cars. That's going to change when the federal government eliminates subsidies to automakers on new cars in 2023. It's an interesting time to look at the che...

If you read this you know that we had a house auction in September 2023. It was a small house which we sold for 65,000. We could not afford the mortgage on it so went to a bank and got help. The man from the bank came to tell us the value was 1,500. He said that the banks make a lot of money out of lending on houses and they would not lend on our house b...

The company that owns Carvana is a company called TrueCar. Who are the other investors? Investors include SoftBank Ventures, T. Rowe Price, and other private investors. When did Carvana start? The company was founded in 2023. What is Carvana's size? The company has more than 4,000 employees. Carvana's headquarters is in what state? The company is b...

In the past, UK used car buyers have had to be pretty careful about paying too much for a used car in the UK. Used car prices seem to have been fairly static in the last few years and most people would be worried about spending too much on a used car that they may end up selling on. According to a recent report, however, this is starting to chang...

We've searched high and low for the best ways to sell your car, and after more than two years of research, we've finally come up with our top picks. We can't guarantee the method we suggest will work for you, but we have tested them all in our own home, and the results are pretty conclusive: If you want to sell your car quickly and ha...

How long until car prices go down in 2023? Will it before, during or after the general election? ? The average cost of a new car in the UK is expected to increase by 7.4% in the first half of 2023 compared to last year, with the Bank of England predicting that it will rise by 5.1% in the second half. According to the latest data from the Soci...

By The Drive. A great way to sell your car in a fast, hassle-free manner is to sell it online. While there are many companies that offer this service, you should consider paying extra to go with a dealer-owned auto selling service. Dealers know how to price vehicles, how to sell them quickly, and how to properly advertise. They may be abl...

Websites for choosing cars (or any other kind of product for that matter) are quite rare. Most of the time it's a matter of searching around an internet to find that website and reading some reviews here and there to make an informed choice. That's exactly what I did, with the result below: As you can see here, most of the websites listed unde...

You can use Kwik Car Value for a quick estimate of car value, but it's not an accurate, in-depth tool. If you want more, a site that I found that has the best information about car value is this one: If you want an app that you can make calculations on and be more thorough about it then I'd recommend going to a site that has a good user interfa...

A used car in Toronto can be an absolute bargain. A new car is always more expensive upfront, but the savings on depreciation is immense. Of course, it helps if you're getting one that is a real deal. If it's been sitting around collecting rust for 20 years, you should expect to pay through the nose to fix it up. But if you've kept...