October’s issue includes our annual 20 Questions feature. You can find these and 17 other questions–and answers–there. Automakers use the desires of the average car buyer to justify many decisions, from the brief but glorious trend for plaid upholstery to the fact that almost every passenger vehicle sold in the …
Read More »Used car prices spike to more than $21,500 on average in July
Used car prices skyrocketed in July due to factors related to the coronavirus pandemic, Edmunds found in a study published Wednesday. The average used car price for 2017 model year vehicles jumped $ 708 from June to $ 21,558 to July. Listing prices typically decrease with depreciation at this time …
Read More »Average Age of Vehicles on the Road is Approaching 12 Years
A study from IHS Markit found that the average age of vehicles on the road rose to 11.9 years this year, one month older than in 2019. Fewer new-vehicle purchases as a result of the pandemic coupled with vehicles lasting longer and increases in prices have pushed the average age …
Read More »Average gas price in US drops to $1.99: AAA
The national average for a gallon of gasoline dropped to $ 1.99, AAA announced Tuesday. It’s the first time in four years that average prices for gas fell below $ 2 due to two global problems. The global coronavirus pandemic has suppressed oil demand and a crude oil price war …
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