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New Vehicles, Used Vehicles, Automotive Sellers, Prices & Reviews

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Used car prices hit record high in September

Car prices concept with toy car and money roll on roof
Photo (c) CatLane – Getty Images

Consumers shopping for a used car last month encountered record high prices, according to the latest Manheim Market Report (MMR). Used car values increased each week throughout September. 

Three-year-old vehicles — typically the cars and trucks that are most in-demand — increased in value by 4.6%. Throughout the entire month, buyers paid more than the MMR values. Despite there being higher prices, 65% of shoppers ended up buying a vehicle, compared to 52% in 2019.

Every type of vehicle saw price increases in September, but some increased more than others. The price of a van rose nearly 41% from September 2020. Pickup trucks, already among the most expensive used vehicles, rose by another 17.8%. Overall, prices were up 27.1%.

Like many segments of the economy, supply chain issues have reduced automotive inventories and led to higher prices. Since early in the pandemic, there has

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Used cars prices up 38% in Springfield from last year, also increasing nationwide amid microchip shortage

SPRINGFIELD, Mo. (KY3) – If you’re looking for a used car, around the Springfield-area or elsewhere, you might have to save up a little more than usual for one.

A new study from iSeeCars.com, automotive research firm, analyzed trends from more than 1.9 million used car sales nationwide in the month of August. CLICK HERE for the study

It found that used car prices in August increased on average by 26.2%, or $6,454, over the past 12 months. The mark is slightly down from a 31.6 percent increase reported in July.

According to a iSeeCars.com spokesperson, prices in the Springfield, Missouri, area increased on average by 37.9%, or $9,327, over the past year.

The study reported the following findings:

  • The vehicles with the highest price increases are a mix of economy cars and impractical cars.
  • Cars with the smallest price bumps are mainly luxury SUVs.
  • Used car prices
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$ 19 Bn Growth in Automotive Advanced Driver Assistance System (ADAS) Market| Decline in Sensor Prices to Boost Growth | 17,000+ Technavio Research Reports | News

NEW YORK, Sept. 29, 2021 /PRNewswire/ — The automotive advanced driver assistance system (ADAS) market in the auto parts & equipment industry to grow by USD 18.99 billion between 2021 and 2025. Technavio’s latest market research report estimates that the automotive advanced driver assistance system (ADAS) market will be progressing at a CAGR of about 8%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.

 Download Free Sample Report Now For Actionable Insights

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aptiv Plc, Continental AG, DENSO Corp., Hyundai Mobis Co. Ltd., Intel Corp., Magna International Inc., Robert Bosch GmbH, Valeo SA, Veoneer Inc., and ZF Friedrichshafen AG are some of the major market participants.

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