Month: May 2021

‘If you have an extra car to sell, there may never be another time greater than this’

By Betty C. Morrow 16 hours ago

By Weston Blasi

The average cost of a used car or truck has surpassed $20,000, a 10% increase over the past 12 months

The used car market is booming.

The average cost of a used car or truck has surpassed $20,000 (link), a 10% increase over the past 12 months.

The surge may not be slowing down anytime soon due to low supply and high demand (link) issues in the automobile industry. Cox Automotive, which owns Kelley Blue Book and Autotrader.com, estimates that demand for used vehicles has doubled since last March.

Rental car companies struggled (link)in 2020 because of the pandemic and as a result Hertz (HTZGQ), Enterprise and others bought fewer new cars — and sold more of their existing fleets. In addition, recent production issues (link) for many automakers, and an influx of federal stimulus checks (link)

… Read More

Here’s what to know about trading in your used car

By Betty C. Morrow 1 day ago

If you have a used car, now may be a good time to pull the trigger on trading up.

The average trade-in value for all used vehicles reached an all-time high of $17,080 in March 2021, according to a report by automotive website Edmunds.com.

The pandemic wreaked havoc on automobile supply chains, leading to several key shortages that tightened the supply of new vehicles. As a result, consumers are turning to the used market in search of more alternatives and better value.

“If you plan to purchase a new car and trade in your existing vehicle, you’ll be in an excellent position to get top dollar for it,” said Laura Adams, a personal finance expert. “The most desirable cars will be under two years old and in excellent condition.”

But trading in a used car for a newer vehicle isn’t the right move for everyone. Here’s how to

… Read More

Students to give refurbished car to family in need at Oxnard event

By Betty C. Morrow 1 day ago

A dozen high school students will hand over keys to a car they’ve fixed up for a family in need on Saturday in Oxnard.

The moment will cap off a vehicle-heavy day that starts with a car show in Port Hueneme and a cruise through neighborhoods during which — with social distancing still a priority — residents can vote online for their favorite ride.

This year’s annual car giveaway through DRAGG, an after-school youth automotive program started by the Oxnard Police Department, has been updated with pandemic safety in mind. The car show, for example, won’t be open to the public and will be streamed online. The cruise is limited to about 65 participants who preregistered.

But other changes will bring the event closer to people who live in south Oxnard and Port Hueneme. The cruise route, which starts on Surfside Drive near the Port of Hueneme — the main

… Read More

Verizon Media Terms Of Service

By Betty C. Morrow 2 days ago

Car & Automotive,automotive industry,Car & Mechanical,Car & Classic,motorcycleTransport infrastructure consists of the mounted installations, including roads , railways , airways , waterways , canals and pipelines and terminals corresponding to airports , railway stations , bus stations , warehouses , trucking terminals, refueling depots (including fueling docks and gasoline stations ) and seaports Terminals may be used both for interchange of passengers and cargo and for upkeep. Harley-Davidson manufactures its motorcycles at factories in York, Pennsylvania ; Milwaukee, Wisconsin ; Kansas Metropolis, Missouri (closing); Manaus, Brazil ; and Bawal, India Building of a new plant in Thailand started in late 2018. 6 The company markets its products worldwide, and also licenses and markets merchandise underneath the Harley-Davidson model, amongst them apparel, home decor and ornaments, equipment, toys, scale fashions of its motorcycles, and video games based on its motorcycle line and the community.

The security initiative mandates that all navy members full an authorised motorcycle security rider … Read More