New York: Tesla is raking in record profits. General Motors plans to sell only electric cars by 2035. Volkswagen is aiming to make them cheaper than gasoline-powered vehicles. And surveys show that at least two-thirds of American drivers are open to buying an EV.
Many people still have concerns about cost, choice and charging, but those barriers are falling fast and President Joe Biden hopes to speed things along with tens of billions of dollars in incentives.
It can feel overwhelming and exciting to someone in the market for a car. Here s how you should think about whether an electric vehicle is right for you.
Kelley Blue Book: ‘There has never been a much better time to sell or trade in your car’
Updated May 06, 2021;
Posted May 06, 2021
Low vehicle inventory on dealership lots, increased car-shopper demand and resulting high prices have made market conditions prime for peak consumer profit for people selling their vehicle, according to Kelley Blue Book.Kelley Blue Book
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Now is the time to sell or trade your car, according to market research by Kelley Blue Book.
Low vehicle inventory on dealership lots, increased car-shopper demand and resulting high prices have made market conditions prime for peak consumer profit for people selling their vehicle.
The allure of the electric vehicle has never been stronger.
Tesla is raking in record profits. General Motors plans to sell only electric cars by 2035. Volkswagen is aiming to make them cheaper than gasoline-powered vehicles. And surveys show that at least two-thirds of American drivers are open to buying an EV.
Many people still have concerns about cost, choice and charging, but those barriers are falling fast and President Joe Biden hopes to speed things along with tens of billions of dollars in incentives.
It can feel overwhelming and exciting to someone in the market for a car. Here’s how you should think about whether an electric vehicle is right for you.
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IRVINE, Calif., May 6, 2021 /PRNewswire/ If you have been considering selling or trading in your car anytime soon, now is the time to get serious. With low vehicle inventory on dealership lots, increased car-shopper demand and resulting high prices, the market conditions are prime for peak consumer profit for people selling their vehicle, according to Kelley Blue Book.
Used-car prices are up 18% year-over-year, meaning that a used car sitting in someone s garage right now is currently worth on average nearly one-fifth more than it was last year. Given the high-ticket prices of vehicles, that percentage can translate into quite a bit more cash lining a seller s pockets. To view it another way, vehicles that were retaining 55% of their value a few months ago are fetching 60% to 65% of it now.
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Automotive research and valuation company Kelley Blue Book has announced its list of Best Family Cars for 2021, recognizing the all-new 2021 Chevy Tahoe in the Best Full-Size SUVs for Families category.
“When it comes to buying a car for a new or growing family, parents understandably want assurance that their vehicle has outstanding safety and technology features to help protect their precious cargo,” said senior managing editor for Kelley Blue Book, Matt DeLorenzo. “We also know budget factors are top-of-mind for families, so we place a heavy emphasis on overall value including purchase and ownership costs through Kelley Blue Book’s Fair Purchase Price and 5-Year Cost to Own information.”