Tag Archives: prices

Used-vehicle prices falling amid glut

The average used car lost 17 percent of its value in the past 12 months, dropping from $18,400 to $15,300, according to data from Black Book, an auto analytics company. Photo credit: DAVID PHILLIPS Car sales in the U.S. have been rising for seven consecutive years now, and it’s denting the value of whatever is currently parked in your garage or ... Read More »

2017 Skoda Octavia Facelift Launched In India; Prices Start At Rs 15.49 Lakh

The new 2017 Skoda Octavia facelift today officially went on sale in India priced at ₹ 15.49 lakh to ₹ 22.89 lakh (ex-showroom, India). Primarily available in three trim options – Ambition, Style and Style Plus and eight different iterations based on engine options and transmission. The current generation Octavia was launched originally in 2013 and goes up against the likes of ... Read More »

Flood of off-lease used cars push prices down, upend market

DETROIT – In 2014, Infiniti leased more than 28,000 Q50 luxury sedans for as little as $329 per month in a growing U.S. market. The leases accounted for more than three-quarters of Q50 sales. Now they’re coming back to haunt the automaker. Like many companies that juiced sales with sweet leases during the past few years, Nissan’s luxury brand now ... Read More »

Fitch: European Diesel Restrictions Could Hit Used Car Prices

(The following statement was released by the rating agency) LONDON, April 26 (Fitch) The prospect of greater restrictions on diesel-engine cars in Europe has not affected used car prices so far, but this could change if the restrictions caused a rapid and large shift of demand away from diesel cars, Fitch Ratings says. Implications for auto loan and lease ABS ... Read More »

Inflated New Car Inventory Could Be Killing Used Car Prices

Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know. 1st Gear: Inflated New Car Inventory Could Be Killing Used Car Prices Analysts have long suspected that high volumes of lease turn-ins would kill used car prices, but that’s ... Read More »

GM Joins Ford Worrying About Declining Used-Car Prices

General Motors Co. said a glut of used cars will return to market after their leases expire and drag on its finance unit this year, following similar warnings by peer Ford Motor Co. and lenders such as Ally Financial Inc. The prices of used cars in GM Financial’s leasing portfolio will decline about 7 percent this year, GM Chief Financial ... Read More »

Hertz bears brunt of ‘freak out’ over used-car prices

As investor panic spreads about the plunging prices of used cars in the U.S., one company and its high-profile top investor are enduring the biggest beating: Hertz Global Holdings Inc. and billionaire Carl Icahn. Hertz shares lost one-fifth of their value last week, as a troubling reading for a used-vehicle price index was followed by warnings that lender Ally Financial ... Read More »

Budget 2017: Mobile Phones Prices Likely to See 1-2 Percent Hike, Says Counterpoint

With the Union Budget 2017-18, Finance Minister Arun Jaitley levied a 2 percent Special Additional Duty (SAD) on imported populated PCBs for use in the manufacturing of mobile phones. The new customs duty is likely to affect the pricing of the ‘Make in India’ mobile phones considering price of the PCBs make up a significant part of a phone’s cost. ... Read More »

Samsung Galaxy A3 (2017), Galaxy A5 (2017) Prices Revealed

The prices of Samsung Galaxy A (2017) series smartphones have reportedly been announced by the South Korean giant. The Galaxy A3 (2017) and Galaxy A5 (2017) smartphones, unveiled ahead of CES 2017 alongside the Galaxy A7 (2017), are expected to retail in Europe for for EUR 329 (roughly Rs. 23,500) and EUR 429 (roughly Rs. 30,600), respectively. Samsung may not even launch ... Read More »

Mahindra To Increase Prices In India By Up To ₹ 26,500 From January 2017

The country’s leading utility vehicle manufacturer Mahindra and Mahindra has announced that it will be increasing priced across its model range in India from January 2017. The home-grown auto major plans to hike prices of its vehicles by up to Rs 26,500 as the company looks to partially offset rising input costs. Announcing the price hike Pravin Shah the Chief ... Read More »