In context: Over the last several years, some of the most intriguing developments to come out of CES have been car related. From information-rich cockpit experiences to promises of assisted and autonomous driving, much of the headline-generating news from the last few shows has centered on the automobile. In fact, many have argued that the car industry is morphing into the next big segment of the tech business.
Companies like the Intel’s Mobileye, graphics giant Nvidia, and Qualcomm are all using CES 2022 to announce their newest offerings for the automotive industry, as well as important new partnerships with car makers and automotive suppliers.
In the case of Qualcomm, Snapdragon Ride Vision brings a new degree of simplicity and focus to automakers looking to offer safety-focused, computer-vision powered ADAS (Advanced Driver Assistance Systems) capabilities to a broader range of cars, while the Snapdragon Digital Chassis taps into the demand for
Used car shoppers have encountered sticker shock due to surging costs of the vehicles — and there is fear the spike in prices will continue.
Those shoppers, some of whom waver to the rising costs out of necessity, are not seeing red. The average price of a used car in November, according to automobile dealer Edmunds.com, was $29,011. It’s a sharp increase of 21.4% from the same time in 2020, when the average cost was $22,679.
More than 2 million used-car buyers are purchasing “vastly overpriced used vehicles,” monthly, KPMG said in a December report.
Here’s a look at the rising costs of used vehicles, which experts say
Two types of vehicles are especially likely to see steep plunges in value. Status-seeking luxury-brand buyers and frugal environmentalists rarely find themselves lumped into the same category. But both groups tend to see the value of the cars they prefer plunge dramatically, according to a recent analysis by iSeeCars. The automotive search engine and research website says luxury sedans make up eight of the 10 vehicles with the highest depreciation rates after five years. Meanwhile, being friendly to the Earth can be hostile to your wallet, according to the rankings. Two alternative-fuel vehicles also had the dubious honor of making the list. The 10