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The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
Starting with 2026 models, 35% of new cars, SUVs and small pickups sold in California would be required to be zero-emission vehicles, with quotas increasing each year until 2035.
For most Americans, new car purchases are their largest consumer investment after buying a home. In 1991, Harvard Law Professor Ian Ayres examined whether the process of negotiating for a new car disadvantaged women and minorities. The study was conducted in the Chicago area and involved 180 price negotiations at 90 dealerships.
Most car dealerships display their inventory in a showroom and on a car lot. Under U.S. federal law, all new cars must carry a sticker showing the offering price and summarizing the vehicle's features. [4] Salespersons, predominantly those who only work on commission, negotiate with buyers to determine a final sales price. In many cases, this ...
California has set its own emission standards for cars for decades, rules that more than a dozen other states have also adopted. And when California announced it would eventually ban the sale of new gas-powered cars, major automakers soon followed with their own announcement to phase out fossil-fuel vehicles.
Higher prices on new cars might convince consumers to buy used cars, they reasoned, which would increase those prices as well. The same could happen if Trump wins re-election and makes good on his ...
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