Down But Not Out
The average national gas price was $3.50 on January 27, up more than ten cents over the prior week and forty cents over the end of December.
Steadily decreasing gas prices this fall boosted some segments of the used car market.
Weāve seen a great deal of rising demand for...
If you bought an EV or plugin hybrid in 2022, you are likely eligible for up to $7,500 in tax credits. We say likely because there are a few stipulations based on your income and the make/model.
This tax credit is also good for 2023, meaning itās not too late to reap the tax benefits of an EV...
The EV Tax Credit is Real (We got a plugin hybrid minivan last year). If you've been thinking about making the switch to and EV and cashing in on that tax credit, here is how it works.
There are three broad qualifications for the EV Tax Credit:
1. You must make less than $150,000 per year if...
Rising Used Car Prices Are Nice for Sellers, But Not Here to Stay
The Manheim Used Car Index has increased for two consecutive months for the first time since Winter 2021.
Itās a Christmas Miracle if youāre trying to sell a car.
Used car price drops have been hard on sellers this year...
Gas prices have been reliably falling month over month since this summerās record highs. Last week, 22 states had an average gas price under $3.00. Texas led the way with an average gas price of $2.70.
Demand Is Still Lower than Last Year
Current gas demand in the US is still 300,000 barrels...
In October, cars on the Carmigo marketplace sold for about 30% more than what Vroom and Carvana offered, which comes out to thousands of extra dollars on nearly every car we sold last month.
In fact itās about $2,500 on average more than the Vroom and Carvana were willing to offer.
But thatās...
A small increase in used car prices may indicate stability.
For the first time this summer, the Manheim Used Vehicle Index saw a slight uptick. We also saw the number of used vehicles sold go up since October.
That doesnāt mean used car prices are about to go back up. But hopefully, weāll see...
Hereās a step-by-step guide to the Carmigo process in case youāre thinking about selling your car:
What You Do:
Go to this page to start building your carās profile.
Youāll be taken to a web application that will help you take 13 pictures of your car.
Answer a few questions about your carās...
Look, New Year's Resolutions are pretty divisive. Some people live for them. Some people hate them. And some people use them as an excuse to put off trying again for a whole new year.
As for us, we think every day can be a fresh start.
What about y'all? Got any goals? Any resolutions? Any...
Hey, yāall, weāre Carmigo, and weāre pumped to be here.
Since weāre a used-car marketplace, we keep up with car market trends and have a lot of dealership vets on the team. If you have questions about market trends or buying/selling your vehicle (on Carmigo or anywhere else), hit us up. Weād...