Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Why Cars Lose Their Value So Fast. That video is uploaded by CNBC at 2023-12-16T09:00:10-08:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [Ao7fbajRSKI]
| Name | Why Cars Lose Their Value So Fast |
| Video Uploader | Video From CNBC |
| Upload Date | This Video Uploaded At 16-12-2023 17:00:10 |
| Video Discription | A car loses about 10% of its value as soon as it's driven off the lot. And within the first three years, that number goes up to 50%. Depreciation — the rate at which that happens — is one of those numbers everyone in the automotive world thinks about including consumers, automakers and the massive used car market, which made up somewhere around 35.2 million in 2022 — compared with 13.8 million new cars. But the Covid-19 pandemic turned the used car market upside down — constrained production and supply chain shortages sent prices skyrocketing, and increased for about two consecutive years, unprecedented for the industry. Those odd times have led to lasting changes, and industry insiders say it is likely to stay that way. 01:22 - Intro: - Why cars depreciate so fast 01:31 - Chapter 1: - How depreciation works 05:16 - Chapter 2: - Down from there 07:39 - Chapter 3: - Unprecedented times 09:13 - Chapter 4: - Why cars are worth more today Producer: Robert Ferris Editor: Darren Geeter Animation: Christina Locopo, Jason Reginato Senior Managing Producer: Tala Hadavi Additional footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Why Cars Lose Their Value So Fast Ao7fbajRSKI |
| Category | Autos & Vehicles |
| Tags | CNBC | CNBC original | business | business news | finance | financial news | Auto | Tesla | Ford | Electrification | Lucid | cars | automobiles | car dealership | electric vehicles | vehicles | EV | used cars | auto sales US | charging | Ioniq | used EV prices | used teslas | Used EVs | used car prices | electric cars | used car market | ev news | electric car prices | car depreciation | car value | used car value | car loses value | depreciation | new car prices | market for lemons | car incentives | pandemic car market |
