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Tag: car values

Motorpoint warns profits could be £6m below expectations

Automotive
The UK’s largest independent vehicle retailer Motorpoint Group has issued a profits warning, expecting 2024 profits to fall up to £6 million following a...

Top News

Declining Value of Vehicles Portends New Round of Delinquencies – The Detroit Bureau

Automotive
The drop in used car prices is great for current buyers, but it’s putting those who bought vehicles when prices are at record highs...

Used values drop 0.9% in June so far as market returns to seasonal trends

Automotive
Average used car values have dropped by 0.9% so far in June, according to AM’s latest exclusive mid-month update from Cap HPI, as reported...

Market Returns to Seasonal Trends: Used Values Decrease by 0.9% in June

Zephyrnet
As the summer months approach, many people begin to think about buying or selling a car. However, recent data shows that those looking to...

Market returns to seasonal trends causing a 0.9% drop in used values for June

Zephyrnet
The used car market has been experiencing a decline in values for the month of June, with a 0.9% drop in prices. This trend...

Dealers continue to feel EV price drop pain as affordability improves

Automotive
Used electric vehicle (EV) values have continued to decline as falling values dent dealer confidence but boost affordability for car buyers looking to make the zero...

BCA expects used car values to ‘remain strong’ after 1.7% February rise

Automotive
BCA has reported that it expects used car values to “remain strong” after 1.7% month-on-month rise in February – despite growing volumes. The Constellation Automotive-owned...

Car debt is piling up as more Americans owe thousands more than vehicles are worth

Automotive
Chris Martin knew he needed a bigger car as the birth of his fourth child approached, but he and his wife were already $14,000...

Continued demand fuels price increases for new and used cars in February

Automotive
Strong demand for used vehicles, compounded by ongoing supply restrictions in the new car market, have driven growth in retail prices across the board...

American Car Loan Debt Near Record Highs, Increasing Lender Concerns

Automotive
Listen to this article Car debt is pilling up for consumers who opt to take out larger, longer loans to...

Expanded JT Hughes car retail operation doubled profits in 2021/22

Automotive
Car retail group JT Hughes has revealed that it more than doubled its profits in 2021/22 following the recent addition of new Kia, Isuzu,...

US Automotive Market Share Wars Will Resume in 2023

Automotive
Recovering inventories are increasing dealer stock, while interest rate hikes and economic headwinds will dampen demand - forcing OEMs and dealers to make deals once again....

Tesla still the ‘EV brand to beat’ after Q4 profit rise

Automotive
Tesla proved that it remained the “EV brand to beat” after Q4 deliveries drove a 59% rise in profitability for Elon Musk’s zero-emissions car...
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