buying Even Saturn prices are leaving the stratosphere as used-car demand soars
2022 Toyota 86 embraces sports car evolution with fresh looks, more power
The Subaru BRZ's twin is finally here, and like the BRZ, the new Toyota 86 keeps the back-to-basics sports car formula in great shape.Toyota revealed the new 86 in Japan with partner Subaru showing off the BRZ for the first time locally. While the two wear different wrappers, the 86 is once again largely an identical car to the BRZ. Behind the Toyota Gazoo Racing grille sits a 2.4-liter flat-four engine, sans turbocharger, that makes 230 horsepower and 184 pound-feet of torque. We'll have to wait for US-spec units to see if the 86 actually makes a couple more horsepower than the BRZ's 228 hp, or if the kilowatts-to-horsepower conversion is generous.
Initially marketed as "a different kind of car company," General Motors-ownedunceremoniously closed its doors in early 2010 after years of slumping sales and degradation of the brand. The firm's star is unexpectedly beginning to rise again as demand for balloons in America, and values of models are outpacing the industry average.
Citing data provided by, more than any other carmaker's during the past 90 days. They've gone up by 26.15% since March 2021, and they've skyrocketed by 30.24% since June 2020. For context, posted increases of 12.13% and 20.26%, respectively, and the industry-wide averages stand at 17.11% and 30.23%. Used cars are more expensive across the board, but luxury models generally gained less value than cheaper models built by mainstream brands.
Chevy Corvette remained fastest-selling car in March, Toyota RAV4 Prime not far behind
The Corvette's inventory likely remains in short supply, and ditto for the RAV4 Prime.Still, according to new data from iSeeCars on Wednesday covering the month of March, a Corvette only stuck around at a dealership for 9.4 days on average. The average time to sell a vehicle sits at 47.4 days for all new vehicles, underscoring how quickly a Corvette in stock turns into a sale. While General Motors works to build the sports car as quickly as possible for eager fans, the second-place finisher is pretty surprising.
In spite of the increase, Saturn's transaction prices remain the lowest on the market, according to the same source. The average sale is pegged at $6,284, versus $23,734 forand $17,507 for . One factor undoubtedly influencing this difference is that, as we mentioned, the last Saturn was built over a decade ago. There's no such thing as a late-model Saturn, so all of its cars are lugging around 10-plus years of . If you want to surf this trend, the most expensive Saturn is the Outlook (2007-2010), an SUV that was basically a with a different badge. It sells for $6,770, on average. At the opposite end of the spectrum, the humble Ion (2003-2007; pictured) trades hands for $4,446; it dented Saturn's average by losing 0.49% of its value during the past 30 days.
Used Car Shoppers Might Find the Best Deals over 100,000 Miles
With used-car prices up an average of 14 percent this year, it's good to keep in mind that cars last a lot longer these days.By July, used-car values found their legs. And by October, used-car prices had made record-breaking leaps. Now, six months later, prices still hover at altitudes that require supplemental oxygen. CarGurus' tool for tracking used-car price trends shows the average price of a used car is $23,723, up almost 14 percent compared to this time last year. That's more than 10 times the 2020 rate of inflation. Every vehicle segment has seen gains, the smallest bump being about 5 percent for hatchbacks and wagons.
What this means in the grand scheme of things is open to debate. What's certain is that more motorists are buying used ascreates delivery delays and leaves with low inventory levels, a situation forcing companies to take unprecedented measures. to keep buyers in the fold, for example. Some might end up with their name on a Saturn title simply because it was the first car they stumbled upon. Others, especially drivers 30 and older, might remember the brand's reputation for building value-packed cars that were vaguely interesting. Some of the lingering economic destruction from the pandemic might also be sending buyers towards cheaper vehicles, which would explain why prices are going up, too.
Nothing suggests the increase is spurred by nostalgia-fueled impulse buys that are going to pelt Saturn into the world of sought-after collector cars. We don't recommend replacing your 401(k) with a barn full of SCs.
originally appeared on on Mon, 7 Jun 2021 13:08:00 EDT. Please see our terms for use of feeds.
Elon Musk finally speaks to numerous Tesla price increases .
Tesla cars cost a couple thousand dollars more than they did at the start of this year. Why? Musk explains on Twitter.Musk addressed the issue by responding to a user on Twitter, who commented they "don't like the direction Tesla is going." He first mentioned the removal of adjustable lumbar support, which he said was "almost never used.