logo
With average used-car prices hitting $30,000, is pre-owned worth it?

With average used-car prices hitting $30,000, is pre-owned worth it?

Washington Post11-06-2025
I often advise individuals seeking to replace their old car to buy a pre-owned vehicle, mainly due to depreciation.
According to Kelley Blue Book, new vehicles lose value by nearly 30 percent over the first two years. Considering this fact, allowing someone else — in this case, the prior owner of the car when it was new — to take that kind of hit would make sense. Just wait and buy a used car to save a lot of money, right?
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

General Motors (GM) Q2 Earnings Report Preview: What To Look For
General Motors (GM) Q2 Earnings Report Preview: What To Look For

Yahoo

timean hour ago

  • Yahoo

General Motors (GM) Q2 Earnings Report Preview: What To Look For

Automotive manufacturer General Motors (NYSE:GM) will be announcing earnings results this Tuesday before the bell. Here's what investors should know. General Motors beat analysts' revenue expectations by 2.7% last quarter, reporting revenues of $44.02 billion, up 2.3% year on year. It was a mixed quarter for the company, with a narrow beat of analysts' adjusted operating income estimates but a significant miss of analysts' EBITDA estimates. Is General Motors a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting General Motors's revenue to decline 2.7% year on year to $46.66 billion, a reversal from the 7.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.47 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. General Motors has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 4% on average. Looking at General Motors's peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Winnebago's revenues decreased 1.4% year on year, missing analysts' expectations by 0.8%, and Lindsay reported revenues up 21.7%, topping estimates by 4.6%. Winnebago traded down 8.5% following the results while Lindsay was up 3.9%. Read our full analysis of Winnebago's results here and Lindsay's results here. There has been positive sentiment among investors in the industrials segment, with share prices up 6.5% on average over the last month. General Motors is up 9.9% during the same time and is heading into earnings with an average analyst price target of $56.08 (compared to the current share price of $53.31). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio

Parking at Sacramento International Airport's main garage to reduced for upgrades
Parking at Sacramento International Airport's main garage to reduced for upgrades

CBS News

timean hour ago

  • CBS News

Parking at Sacramento International Airport's main garage to reduced for upgrades

If you are heading to Sacramento International Airport, be prepared for some changes impacting where you can park your car. The airport is taking away a few hundred parking spots to make some upgrades that they say will eventually help you find a spot. The airport says these changes, while a short-term closure, will ultimately have long-term benefits. "I think it's great because sometimes when I'm heading to the airport, I'm in a mildly panicked state, so I'm not always thinking correctly," Aaron Carnes said. Carnes, one of thousands of daily passengers through the airport gates, is up for any improvements, especially when it comes to parking. The airport is expected to start installing a red and green light parking system. A green light means there's parking on that row, and red means keep searching. "Having a little extra assistance to keep my sane and keep me focused is a great thing," Carnes said. An area on Level 5 of the parking structure is where they're going to shut it down first. The airport is expected to go level by level in the main parking garage, shutting each level down for 45 days at a time. "There's no perfect time for construction, but this short-term disruption will lead to a better experience in the long run," the airport said in a statement. The parking garage near Terminal B will be done next. As the airport continues to see more record-setting travel, the area around it continues to grow. "It's a small airport for the size of the airport, so I think they're smart to upgrade to fit more of the population here," Carnes said. If all goes well, the red and green light system will be complete by spring 2026.

Dover NASCAR Cup results
Dover NASCAR Cup results

Yahoo

time2 hours ago

  • Yahoo

Dover NASCAR Cup results

Denny Hamlin scored his series-best fourth win of the Cup season Sunday at Dover in double overtime. Joe Gibbs Racing went first and second with Chase Briscoe placing second. MORE: Dover results Alex Bowman finished third and Kyle Larson placed fourth for Hendrick Motorsports. Ty Gibbs completed the top five. Chase Elliott was sixth. Hendrick Motorsports and Joe Gibbs Racing drivers took the top six spots. Bubba Wallace was seventh. Ty Dillon will race Ty Gibbs for $1 million at Indy in NASCAR In-Season Challenge final Ty Dillon, the lowest seed in the 32-driver field, continued his Cinderella run Sunday at Dover. Dustin Long, Ty Dillon finished 20th to advance to the finals of the In-Season Challenge next weekend at Indianapolis. Dillon will race against Ty Gibbs for $1 million at Indy after Gibbs eliminated Tyler Reddick.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store