buying Best used cars to trade in for the most cash
2017 Acura MDX Hybrid: What You Need to Know
There’s a lot to like about the 2017 Acura MDX Hybrid, including its lithe handling and swift acceleration. However, its poor predicted reliability rating and frustrating infotainment controls pull it down near the bottom of our hybrid and electric SUV rankings. The 2017 Acura MDX Hybrid is ranked: #10 in 2017 Hybrid SUVs #52 in Used Hybrid SUVs under $30K Is the 2017 Acura MDX Hybrid a Good Used SUV? Despite its ranking, the 2017 Acura MDX Sport Hybrid is a decent vehicle. With good acceleration and sporty handling, this Acura proves that a hybrid SUV can be fun to drive. It comes with plenty of standard features too.
Used cars fetch a premium these days, as for new vehicles. It's the one upside for car buyers as they see dealerships pay a whole lot more for their trade-ins compared to this time last year. However, a new study from identifies a group of vehicles that hold much more value than the average vehicle trade-in.
By looking at the used cars with the greatest price increases, the website notes owners will inevitably receive a higher trade-in value so dealers can stock them and sell them for the higher prices. If you own one, you're sitting in a pretty great spot if you want to sell it. Keep in mind, the vehicles listed come from the 2016-2020 model years and are ranked by the percentage not absolute price increase. Older vehicles aren't included in the averages.
Who's loving the semiconductor chip shortage? Car dealerships
With inventory so tight, car buyers are ready to pony up and pay sticker price.Reuters reported on the state of the industry on Monday and profiled a couple of dealerships caught in the middle of eager car buyers and too little inventory. It's a simple story of supply and demand: Automakers can't build enough new vehicles, due to chip shortages, and car buyers want them. In turn, many buyers have no problem paying sticker price and foregoing the wheeling and dealing that can knock a couple grand off the MSRP. Dealers get to keep even more cash in their pockets and buyers get their new car. Record profits ensue.
Topping the list is, believe it or not, the , which also happens to be the . The average price for a used Corvette increased by over $17,000 in the past year. Owners trading in their 'Vettes will receive a whole lot more cash in return. If Corvette owners also happen to have a bougie two-car solution with a parked in the garage, they're doubly lucky because it comes in second place. The German brute's average price increased by $37,161 in the past year, which is quite a cushion of equity for owners.
Coming in third is the Ram 1500 ($8,002 more than last year), fourth belongs to the ($9,418 more) and the top five ends with the ($16,198 more). Pickup trucks and sports cars really dominate the list in a big way. For the former, makes used models far more valuable. For the latter, buyers are willing to pay more for a sports car since their ideal combination is likely harder to find. Sports cars are typically aspirational vehicles too, which may be why their values surged after pandemic-related lockdowns eased up.
Your handy 1949-53 Jaguar XK120 buyer’s guide
After more than a 120 years of constant improvement in car building, it’s easy to look at the XK120 and think “What a sweet old car,” the wistful way you’d look at a Curved Dash Olds or a Benz Patent-Motorwagen. Don’t make the mistake of confusing this glorious Jag for some dusty relic. When it […] The post Your handy 1949-53 Jaguar XK120 buyer’s guide appeared first on Hagerty Media.
The one real outlier on the list is the humble . Prices for these cars increased by $2,313 on average year-over-year. Why? They're inexpensive, and for buyers on a budget, they're attractive options, especially with low miles. Lower miles always equals higher prices. Check out the full list of cars below, but remember, your mileage may vary when it comes time for a used car appraisal. Take this study as more of a big-picture look at the market right now. On average, car buyers trading in their vehicles are receiving , up $3,087 to $5,502.
Get Up Close to Some Special F1 Cars at a Special Exhibit at the Petersen Museum .
Collector Juan Gonzales shares his extensive and impressive collection of modern Formula 1 cars. A new Formula 1 exhibit parks at the Petersen, with modern-era cars filling the Charles Nearburg Family Gallery.Among the vehicles on display are a 1987 Lotus 99T, a 1994 Williams FW15D, a 1995 McLaren MP4-10, a 1999 Ferrari F399, and Fernando Alonso's boldly colored 2018 McLaren MCL33.The exhibit runs trough June 5, 2022.Any chance to see real Formula 1 cars is something special. Here is an opportunity to see an entire room full of them.