LotLinx Weekly News Vol. 139: You’ve Enjoyed Unlimited Stories of AI This Year…

FROM CAR AND DRIVER: Honda Now Offers a More Affordable Used Car Lineup Online

As the first major brand to add non-certified pre-owned vehicles to its online offerings, Honda hopes to build brand loyalty with a younger generation by selling models under 10 years old with less than 100,000 miles.

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FROM WARDSAUTO: Vehicle Shoppers Say Prices up, Selection Down

46% of recent shoppers weren’t confident in finding a car that fit their budget. Decreased discounts, leaner lots, and economic concern have many consumers more hesitant to buy now than they were last spring.

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FROM AUTO REMARKETING: Vehicle Depreciation to Slow as Much as 3% in 2021

A recent survey suggests that pandemic price increases will have a lasting effect on the rate at which used vehicles depreciate. This could result in another full year of abnormal asking prices.

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FROM BLOOMBERG: Hybrids Are Quietly Selling Faster Than Fully Electric Cars

While EVs might have all the hype, hybrid models might be the more attractive compromise. Many OEMs can simply upgrade their existing technology, and consumers can make a green choice without breaking the bank.

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