Tag: Auctions

Wholesale Used Car Prices Fall; Retail Price Cuts Ahead

Car dealers are paying almost 15% less for used cars at auction than they did a year ago. Used car prices are in a slow decline early in 2024. The average used car

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Used Cars May Get Cheaper Soon

The price of the average used car in America is on the way down. New data suggest it may fall further. In February, the average used car sold for 4% less than last

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Used Tesla Cybertruck sells for double its retail price at auction

Some online users have questioned the legality of this sale due to the electric auto giant’s resale clause, which could incur a reported $US50,000 for violating it. View 1 images A Tesla Cybertruck has

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More than 400 used cars being auctioned in February

(Photo Credit: Getty Images) EYEWITNESS NEWS (WBRE/WYOU) — The Bureau of Vehicle Management (BVM) announced that more than 400 cars will be available for auction this month. According to the Department of General

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Used-Vehicle Wholesale Prices Give Up 55% of Pandemic Spike: Historic Plunge after Crazy Spike

But the plunge in retail prices of used cars and trucks hasn’t progressed nearly as much. By Wolf Richter for WOLF STREET. Used vehicle prices at auctions dipped another 0.2% in January 2024 from December 2023,

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Most expensive cars sold on the fifth day of the auction

A 1969 Ford Mustang Boss 429 sold for $440,000.Barrett-Jackson A 1967 Chevrolet C10 Custom Pickup sold for $330,000.Barrett-Jackson A 1970 Chevrolet Chevelle Custom Coupe… Continue reading this news update.

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Bugatti in 2023 – Bugatti Newsroom

The incomparable desirability of Bugatti models was showcased at a landmark auction, which saw the Chiron Profilée1 set a new record as the most valuable new car ever auctioned. This automotive solitaire –

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Used-Car Wholesale Prices Have Given Up 53% of their Crazy Pandemic Price Spike: Historic Plunge Continued in December

Used-Car Retail Prices have given up only 36% of their price spike so far. By Wolf Richter for WOLF STREET. Used vehicle prices at auctions fell another 0.5% in December from November, seasonally adjusted; and by

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1990 Lexus LS400 Found on Bring a Trailer

The 1990 Lexus LS400 was a broadside shot aimed at the European luxury automakers, and it hit home. Smooth V-8 power, a comfortable interior, restrained styling, and impeccable reliability made it a winner.

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How online car auction sites work

(iSeeCars) – The concept of an online, or digital, car auction site is not new. Fleet managers and wholesalers have been using the auction marketplace to locate and purchase inventory for dealership lots

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