DETROIT (AP) — U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices. But brisker sales could be on the horizon: Auto industry analysts say they expect prices to drop further and there’s a possibility of interest-rate cuts that would make taking out a loan for a new […]
Tag: Buyers
US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices
DETROIT (AP) — U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices. But brisker sales could be on the horizon: Auto industry analysts say they expect prices to drop further and there’s a possibility of interest-rate cuts that would make taking out a loan for a new […]
‘I can’t get paid.’ Cyberattack affecting car dealerships brings chaos for sellers, buyers and workers
As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate. Workers across the US automotive industry told CNN that the software blackout, which the company said was caused by a cyberattack, has made it difficult […]
USD/JPY Forecast – US Dollar Continues to See Buyers on Dips
US Dollar vs Japanese Yen Technical Analysis The U.S. Dollar has initially pulled back just a bit during the trading session on Monday, only to turn around and show signs of strength again. The 160 yen level above of course is a large round psychologically significant figure and it’s also an area where the Bank […]
Ohio issues alert to realtors, buyers about property listing scam, deed fraud
Jun. 24—The Ohio Department of Commerce’s Division of Real Estate and Professional Licensing (REPL) recently sent out an alert to make potential buyers and real estate agents aware of a concerning trend reported nationally: fraudulent real estate listings. This scam involves people who are contacting agents to sell properties they don’t own. A person posing […]
Used-EV prices are crashing as buyers shift back towards hybrid vehicles
Justin Sullivan/Getty Used EVs now cost less than their gas counterparts, with the gap ballooning since February. Only 18% of consumers said they’re likely to buy an EV, a multi-year low. The demand pullback has “wreaked havoc” on production, a new report said. Consumers are pumping the brakes on electric-vehicle demand as technological limitations erase the […]
Used-EV prices are crashing as buyers shift back towards hybrid vehicles
Justin Sullivan/Getty Used EVs now cost less than their gas counterparts, with the gap ballooning since February. Only 18% of consumers said they’re likely to buy an EV, a multi-year low. The demand pullback has “wreaked havoc” on production, a new report said. Consumers are pumping the brakes on electric-vehicle demand as technological limitations erase the […]
Home prices are up again in Miami, but where are the buyers? Condos are an issue
Are homebuyers retreating from the market? The number of sales in Miami-Dade and Broward dropped this May compared to May 2023, dragged down by fewer condo transactions, according to a new monthly housing report from the Miami Association of Realtors. Here’s a breakdown: Miami-Dade home sales Miami-Dade County had 2,397 home sales, down by 0.6% […]
Buyers lined up before this CT development for 55-and-up was approved. Why many are moving back to state
A prominent Southington developer is proposing a 27-unit age-restricted housing development in the town’s Plantsville section, a project based on a formula that he has built in Southington, Farmington and Plainville and will be pursuing in Watertown. Mark Lovley’s new development along Marion Street will be a mix of three-bedroom houses ranging from 1,444 to […]
2 states where home prices are falling because there are too many houses and not enough buyers
Despite a US housing shortage, Florida and Texas have too much supply, Redfin found. The states accelerated construction to take advantage of pandemic-era demand. But many are now priced out, while Florida’s rising insurance costs are pushing down demand. A lack of US housing has fenced off most would-be buyers, but two states are dealing […]
US farmers shun buyers, cling to unsold corn as prices slump
By P.J. Huffstutter and Karl Plume CHICAGO (Reuters) – South Dakota farmer Eric Kroupa received a flurry of calls from grain dealers and ethanol plants asking to buy the corn locked away in his bins when prices neared 4-1/2-month peaks last month. He sold some, but is waiting for buyers to up their bids to […]
US farmers shun buyers, cling to unsold corn as prices slump
By P.J. Huffstutter and Karl Plume CHICAGO (Reuters) – South Dakota farmer Eric Kroupa received a flurry of calls from grain dealers and ethanol plants asking to buy the corn locked away in his bins when prices neared 4-1/2-month peaks last month. He sold some, but is waiting for buyers to up their bids to […]