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"The transition won’t be easy for the industry, said Jessica Caldwell, executive director of insights for the Edmunds auto information service. Many automakers, she said, have set electrification targets only to let them slide. 'This transition away from gas-powered vehicles is a major shift that won’t miraculously happen on New Years Day in 2035,' she said in an emailed statement. 'To help encourage consumer buy-in there will likely need to be financial incentives to get more people willing to go electric.'"
"October, November, and December are the months when dealerships are especially eager to sell the current model year's cars to make room for the new ones. 'When that happens, you see the prices come down,' says Ivan Drury, senior manager of insights at Edmunds, the automotive resource. Also, they want to end the calendar year with strong sales so they're more inclined to negotiate. But that doesn't mean that as soon as January arrives, all discounts are gone."
"Full-size trucks and SUVs certainly make towing easier. But do some research and you’ll find that many crossover SUVs are also capable of handling the job."
"This is unheard of, that your car actually appreciated in value," Ivan Drury, senior manager of insights at Edmunds, said. "If you currently own a car, it's worth more today, with more miles more wear and tear, than even six months ago."
"It's a seller's market now and a used vehicle might not always be the best deal for you. Keep an eye on new vehicle prices to see how the pricing compares and give yourself the most options when shopping."
"Even with lower interest rates, the decision whether to lease or buy comes down to how long you intend to keep your vehicle, and whether you can afford the higher payments of a car purchase."
"Thanks to a shortage of new vehicle inventory, more automakers and dealers have leaned into promoting attractive certified pre-owned programs, which might b"e driving more typical new car shoppers into the used market,? said Jessica Caldwell, Edmunds? executive director of insights to The Detroit Bureau."
"The pandemic has thrown off the traditional cadence of new car debuts. But there are a number of vehicles slated to debut later this year or in early 2021 that you'll want to keep your eye on."
"There is no doubt that Bronco will be more than capable off-road, but what might be the most appealing is the vehicle's combination of classic styling with modern features and conveniences," said Ivan Drury, a senior analyst with auto tracking firm Edmunds.
"Thanks to a shortage of new vehicle inventory, more automakers and dealers have leaned into promoting attractive certified pre-owned programs, which might be driving more typical new car shoppers into the used market,"
