Connect with us
[adrotate group="1"]

Headlines

Used car prices spiking as COVID-19 pandemic shakes up the market for new cars

CLOSE There is a good time to buy a car so that you save the most money, according to car experts. Sean Dowling (@seandowlingtv) has more. If you were hoping to find some savings during the COVID-19 pandemic, you won’t find them in the used-car market, unfortunately.Then again, you might be able to make a few…

Published

on

CLOSE

There is a good time to buy a car so that you save the most money, according to car experts. Sean Dowling (@seandowlingtv) has more.

If you were hoping to find some savings during the COVID-19 pandemic, you won’t find them in the used-car market, unfortunately.Then again, you might be able to make a few bucks if you’re willing to part with a vehicle because used-car prices are spiking due to an unusual confluence of factors during the pandemic.The reasons? Among them are that buyers are flooding the used-car market, looking for deals amid high prices for new vehicles, low interest rates and a shortage of new-vehicle inventory, according to car-research site Edmunds.The average listing price of used vehicles was $21,558 in July, up $708 from June. “This is an unprecedented historical shift in the used vehicle market, where listing prices typically decrease during this time period due to depreciation,” Edmunds said Wednesday.First free seeds from China: Now free Amazon packages — what you need to know about ‘brushing’ scamsNeed Clorox wipes?: Disinfecting wipes shortage could last into 2021 amid coronavirus pandemic (Photo: Getty Images)Any hope the rental-car company Hertz’s Chapter 11 bankruptcy filing this year would cause in a drop in used-car prices has diminished due to the overwhelming influence of COVID-19 on the market.Ivan Drury, Edmunds’ senior manager of insights, said in a statement that there’s “significantly increased demand” for used vehicles, in part due to rock-bottom interest rates.Also, automakers were forced to shut down plants for about two months in the spring due to work restrictions because of COVID-19. That led to a decline in new-vehicle inventory and a delay in 2021 models.“It’s a seller’s market right now,” Drury said. “Although used vehicles continue to offer significant discounts compared to new, used-car shoppers will find themselves in the unusual position where they might not have as much negotiation power because demand is so high and dealers will be less inclined to be flexible.”He advised buyers to be prepared to act quickly if they see a used car they want.The price increases are especially sharp for larger vehicles, which are in high demand. Used large pickups, for example, saw a $2,301 increase in average list price in July, hitting $33,264, according to Edmunds. Midsize trucks recorded a $1,812 increase to $29,457.”Used-car prices are still at record-breaking levels, and in some segments, there are models coming close to new-car prices, including sports cars,” car-valuation service Kelley Blue Book reported Monday.That said, new-car prices still carry a premium for the most part. The average price of a new vehicle sold in July was $38,378, up 2% from a year earlier but down 1.2% from June, according to Kelley Blue Book.Average July used car list prices, by vehicle segment, ranked by price change (with the increase from June in parentheses):Large pickup: $33,264 (up $2,301)Midsize truck: $29,457 (up $1,812)Sports car: $24,867 (up $1,369)Large SUV: $37,942 (up $1,094)Large car: $22,446 (up $1,060)Subcompact car: $13,214 (up $841)Midsize SUV: $24,766 (up $803)Midsize car: $16,709 (up $520)Subcompact SUV: $17,169 (up $516)Compact SUV: $18,949 (up $512)Heavy-duty pickup: $43,044 (up $491)Compact car: $14,859 (up $427)Minivan: $21,727 (up $415)Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey.Read or Share this story: https://www.usatoday.com/story/money/cars/2020/08/05/car-prices-coronavirus-pandemic-new-trucks-suvs/3297869001/Find New & Used CarsNew CarsUsed CarsofPowered by Cars.com
Read More

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

*

code

Headlines

150,000 Covid-19 cases quarantined so far in Abu Dhabi

‘These are common public health practices that contribute to preventing the spread of infectious diseases’ More than 150,000 cases of Covid-19 were admitted to quarantine centres or underwent home isolation in Abu Dhabi so far, the local health authority said on Saturday. The Department of Health (DoH) said more than 70 isolation centres have been…

Published

on

By

‘These are common public health practices that contribute to preventing the spread of infectious diseases’

More than 150,000 cases of Covid-19 were admitted to quarantine centres or underwent home isolation in Abu Dhabi so far, the local health authority said on Saturday. The Department of Health (DoH) said more than 70 isolation centres have been established across the emirate.
“The DoH, in collaboration with the Abu Dhabi Public Health Centre (ADPHC) and the authorities concerned, has prepared quarantine and home quarantine and home isolation locations that have been set up for Covid-19 patients and those who have been in direct contact with them,” the DoH said its tweet. “The DoH is keen to provide the best healthcare services, raise the absorptive capacity according to the needs of the sector, and establish a clear working mechanism with a preventive framework to track cases, control infection and limit the spread of the virus.”
The health authority noted that people are sent to quarantine facilities and home isolation according to the situation. Suspected or confirmed Covid-19 patients are kept at isolation centres to avoid the spread of the virus. And quarantine facilities are for separating and restricting the activities of healthy people for a period of time as determined by the health authorities concerned.
“These are common public health practices that contribute to preventing the spread of infectious diseases. Isolation and quarantine are imposed on infected individuals or those who have had contact with an infected person, by separating them from healthy people in order to prevent the spread of disease.”

DoH, in collaboration with @adphc_ae & the concerned authorities, has prepared quarantine and home isolation locations that have been set up for #COVID19 patients & those who have been in direct contact with them. pic.twitter.com/9V3Feda3aF
– ????? ????? – ?????? (@DoHSocial) September 19, 2020
Meanwhile, Abu Dhabi Public Health Centre is placing awareness notices at the entrances to residential units with self-quarantine cases. The initiative is aimed at limiting the spread of the virus and increasing community awareness on the importance of safe distancing measures.Also, people arriving in Abu Dhabi have to undergo a mandatory Covid-19 PCR test and wear a tracking wristband during a 14-day home quarantine.

@adphc_ae to provide awareness notices at entrances to residential units with self-quarantine cases, as part of efforts to limit the spread of the virus and increase community awareness on physical distancing measures. pic.twitter.com/hsfZJWY36V
– ???? ?????? ???????? (@admediaoffice) September 18, 2020
[email protected]

Ashwani Kumar
I am a newspaperman from the emirate of Abu Dhabi. A journalist at heart. I get my stories from the streets. A south Indian born in the Hindi heartland, I easily connect with people from different nationalities and cultures. I am calm like a monk, sensitive and very patient reporter. On the ground, I cover a range of topics related to community, health, embassy, tourism, transport, business and sports. I will go out on a leg to do what’s right and stand by what I believe in.

Continue Reading

Headlines

Trixie Mattel’s Twangy Cover, Aquihayaquihay’s Sunny Future, And More Songs We Love

Allan Villanueva / Getty Images The search for the ever-elusive “bop” is difficult. Playlists and streaming-service recommendations can only do so much. They often leave a lingering question: Are these songs really good, or are they just new? Enter Bop Shop, a hand-picked selection of songs from the MTV News team. This weekly collection doesn’t…

Published

on

By

Allan Villanueva / Getty Images

The search for the ever-elusive “bop” is difficult. Playlists and streaming-service recommendations can only do so much. They often leave a lingering question: Are these songs really good, or are they just new?
Enter Bop Shop, a hand-picked selection of songs from the MTV News team. This weekly collection doesn’t discriminate by genre and can include anything — it’s a snapshot of what’s on our minds and what sounds good. We’ll keep it fresh with the latest music, but expect a few oldies (but goodies) every once in a while, too. Get ready: The Bop Shop is now open for business.

Aquihayaquihay: “Sencillo”

Something is frayed on “Sencillo,” the wonderfully languid latest effort from self-described “anti-boy band” Aquihayaquihay. As much as Steve Aoki’s label signees sound embattled as they sing in Spanish, the sounds themselves direct the song’s emotionality toward hope. Embracing both modern bedroom-production hallmarks and an exploration of past R&B-pop sounds, “Sencillo” plays like a completely welcome meeting of past and present while also pointing to a sunny future. —Patrick Hosken

Trixie Mattel: “Video Games”

Trixie Mattel opened up a beer and said, “Get over here and play my ‘Video Games.'” The RuPaul’s Drag Race legend takes her body to Pioneertown and gives Lana Del Rey’s 2011 melancholy single an Old West country-music twist. The dramatic cover features Trixie strumming her trusty autoharp, but it also serves cowboy shootout realness with some ominous desert outlaw whistles. We hope you like the bad girls, honey, because Trixie really brought it with this cover. Lana Del Rey? More like Lana Del SLAY. —Chris Rudolph

Kristen Ford: “Stick Shift Corolla”

Nashville-based alt rocker Kristen Ford piles on the breakup feels in this moody track from No Plans, her new EP. Tension grows verse by angst-fueled verse. “I don’t want you back / Time don’t work like that,” Ford insists, although if the explosive guitar and drums punctuating the final verse are any indication, that realization doesn’t undo the hurt that’s been done. —Sam Manzella

Lulu Simon: “Strangers”

Pop music has a new rising star, and she comes from a pretty impressive pedigree. On her new single “Strangers,” Lulu Simon, daughter of Paul Simon and Edie Brickell, gets breezily bitter about an ex who can’t quite accept that a relationship has met its expiration. Over a stacked production of ’80s synths and electronica pops, Simon’s lyrics read like a diary or a heated string of texts — you know, the unhinged ones you send in quick succession to a friend when you’ve got some feelings and you’ve got to get them out. Considering that her sarcastic yet sweet debut “Wasted” is just as much of a bop, it looks like there’s more where that came from. —Carson Mlnarik

Cautious Clay: “Agreeable”

Cautious Clay’s voice is smooth, his arms are open wide, and on “Agreeable,” he sounds about a thousand miles high. Much like “Cheesin’,” the virtual posse cut he anchored earlier this year, the elastic artist stretches and flexes in equal measure here — but the party’s over in just two minutes. Before you know, you’re back on the ground. You might not even know you left it. —Patrick Hosken

John K: “Happiness”

The lyrical melancholy of the emerging pop crooner John K’s latest single betrays its peppy title. Here, “Happiness” functions less like an expression of joy than a painful reminder of better days long gone: “Happiness, are you there? / Are you gone? Are you comin’ back?” Yet, delivered by a voice that a new listener might mistake for Troye Sivan or Sam Smith, it seems pleasant all the same. —Coco Romack

Bosco: “4th of July”

The chorus finds Bosco directing your gaze upwards — “Bombs bursting into the sky” — but even fireworks on Independence Day might have a hard time keeping your attention in this plush ecosystem populated with silken guitar waves and a treasure chest full of booming R&B rhythm. Don’t let the title fool you; this is a leafy autumn song through and through. —Patrick Hosken

Bop Shop
Music
Cautious Clay
Trixie Mattel
John K
Kristen Ford

Read More

Continue Reading

Headlines

OnePlus 8T Tipped to Launch on October 14: Expected Specifications

OnePlus 8T is now rumoured to launch on October 14. Previously, the phone was expected to launch later this month or sometime early October, but the new rumour suggests a slight delay due to the coronavirus pandemic that may have resulted in production hiccups. The OnePlus 8T is reported to have a different camera setup…

Published

on

By

OnePlus 8T is now rumoured to launch on October 14. Previously, the phone was expected to launch later this month or sometime early October, but the new rumour suggests a slight delay due to the coronavirus pandemic that may have resulted in production hiccups. The OnePlus 8T is reported to have a different camera setup design than the OnePlus 8 range. The upcoming phone is tipped to be powered by the Snapdragon 865 SoC and pack 65W fast charging support.MySmartPrice has shared information relayed by tipster Ishan Agarwal hinting that the OnePlus 8T will launch on October 14. The tipster notes that there might be slight delays due to the unprecedented circumstances. In any case, the OnePlus 8T will see a delayed launch from last year, given that the OnePlus 7T was unveiled in September itself. There have been no announcements from OnePlus regarding a launch event. Given the situation, the next OnePlus event, whenever it happens, would likely be held virtually.OnePlus 8T specifications (expected)The OnePlus 8T has leaked extensively in the past and it is reported to run on OxygenOS 11-based Android 11 software and feature a 6.55-inch full-HD+ display with 120Hz refresh rate. It is said to be powered by the Snapdragon 865+ SoC and come in two configurations – 8GB + 128GB and 12GB + 256GB.There is expected to be quad rear camera setup on the OnePlus 8T that may include a 48-megapixel primary shooter, a 16-megapixel ultra-wide lens, a 5-megapixel macro shooter, and a 2-megapixel portrait sensor. Up front, the OnePlus 8T may feature a 32-megapixel camera for selfies. The OnePlus 8T is tipped to include a 4,500mAh battery with support for 65W fast charging.As mentioned, there may be a redesigned camera module on the OnePlus 8T with the sensors placed on the top left corner, instead of centre.Is Nord the iPhone SE of the OnePlus world? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Continue Reading
error: Content is protected !!