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Data: Used car prices up 20.8% in Detroit
Read full article: Data: Used car prices up 20.8% in DetroitUsed car prices are up 20.8% in the Detroit market over the past year. Nationally, used car prices have increased 16.8%, or $3,926, over the past 12 months, compared to most years when they remain constant.
Report: These were the fastest selling cars in Detroit in February 2021
Read full article: Report: These were the fastest selling cars in Detroit in February 2021LOUISVILLE, KY-OCTOBER 27: The all-new 2018 Ford Expedition SUV comes off the assembly line at the Ford Kentucky Truck Plant October 27, 2017 in Louisville, Kentucky. (Photo by Bill Pugliano/Getty Images)DETROIT – The Volkswagen Passat is the fastest selling used car in the Detroit area, according to data from iSeeCars. But the fastest selling new vehicle in the region is the Ford Expedition. According to ISeeCars, the average new car in Detroit took 46.5 days to sell in February 2021, while the average used car took 49.1 days to sell. To determine the fastest-selling cars in Detroit, iSeeCars said it analyzed 1.2 million new and used car sales in February 2021.
Detroit gets its first car vending machine -- Here’s how it works
Read full article: Detroit gets its first car vending machine -- Here’s how it worksDETROIT – Buying a used car normally gets pretty tedious. READ: A look at why used car sales are up despite COVID-19You go to a dealership, take a test drive and haggle before getting the keys. Detroit just got its first car vending machine and it’s a very different experience. Tim Pamplin takes a look at the vending machine in the video above
A look at why used car sales are up despite COVID-19
Read full article: A look at why used car sales are up despite COVID-19DETROIT The coronavirus (COVID-19) pandemic and the financial difficulties it created has made for some unusual trends. Heres why now may be the perfect timeThere has been a scramble for used cars all across Metro Detroit. He said his used dealership sales are 40 percent over their record year, each in the past two months. Szott said the second a leased car gets turned in, its already sought after by multiple buyers. Autotrader data shows right now used car sales are ahead of last year at this time.