Used Cars

Post-coronavirus, used car prices in these 10 U.S. cities have dropped the most

Minneapolis has seen its used car prices slump significantly in the last few months.

Photo by Getty Images

New and used car sales fell steeply as the nation closed up shop in the wake of the COVID-19 pandemic. Data from the U.S. Census Bureau found that retail used car sales plummeted more than 20 percent year-over-year in March, the most since the onset of the Great Recession in 2008.

New analysis from CoPilot, which aggregates car listings data in real-time across 46,000 U.S. dealers, found that retail prices for pre-owned vehicles only fell 3.9 percent nationwide between January and May 2020. Utah, Delaware, and Florida were hit the hardest, experiencing the steepest declines.

Certain metropolitan areas were hit harder than others. According to a release by CoPilot, "To identify these locations, researchers from CoPilot, a car shopping app that helps guide users through the buying process, analyzed its proprietary dataset of more than 6 million auto listings in the United States and created a ranking based on each location's change in average listing price between January and May 2020. To improve relevance, only metros with at least one million residents were included in the analysis."

Here are the 10 cities that experienced the steepest used car sales declines.

No. 10 - Washington-Arlington-Alexandria, DC-VA-MD-WV

USA, Washington DC, Pennsylvania Avenue and Capitol building


Photo by Getty Images

Average change in used car prices: -4.77%
Most impacted models: Jeep Patriot, Land Rover Discovery Sport, Dodge Charger, Volkswagen Atlas, Cadillac Escalade

No. 9 - Chicago-Naperville-Elgin, IL-IN-WI

View of N State street with the sign of the Chicago Theatre

Photo by Getty Images

Average change in used car prices: -4.82%
Most impacted models: Lexus IS, Land Rover Range Rover Sport, Ford Taurus, Nissan Versa, Jeep Patriot, Audi Q7

No. 8 - Atlanta-Sandy Springs-Roswell, GA

Atlanta Beltline Eastside Ponce City Market Photo by Ralph Daniel

Average change in used car prices: -4.92%
Models with the biggest price drops: Land Rover Range Rover Sport, Porsche Macan, Volvo XC90, Cadillac XT5, BMW 4 Series Gran Coupe, Acura TLX

No. 7 - Raleigh, NC

Raleigh North Carolina skyline city lights

Photo by Getty Images

Average change in used car prices: -4.93%
Models with the biggest price drops: Volkswagen Jetta, Kia Sorento, BMW 3 Series, Mercedes-Benz C-Class, Jeep Compass, Ford Escape

No. 6 - Louisville/Jefferson County, KY-IN

City Skyline with Old and New Architecture, Louisville, Kentucky

Photo by Getty Images

Average change in used car prices: -5.07%
Models with the biggest price drops: Toyota Camry, Jeep Grand Cherokee, Chevrolet Silverado 1500, Ram 1500, Ford Edge, Nissan Altima

No. 5 - Minneapolis-St. Paul-Bloomington, MN-WI

Arch Bridge Over River By Buildings Against Sky Minneapolis Minnesota

Photo by Getty Images

Average change in used car prices: -5.12%
Models with the biggest price drops: Infiniti Q50, BMW 3 Series, Subaru Legacy, Volvo XC90, GMC Terrain, Acura RDX

No. 4 - Dallas-Fort Worth-Arlington, TX

Dallas Arlington Fort Worth

Photo by Getty Images

Average change in used car prices: -5.19%
Models with the biggest price drops: Jeep Patriot, Volvo XC60, Ford Focus, Chevrolet Silverado 2500 HD, Mercedes-Benz GLS-Class, Ram 3500 HD

No. 3 - Salt Lake City, UT

Scenic View Of Buildings In City Against Sky

Photo by Getty Images

Average change in used car prices: -5.20%
Models with the biggest price drops: Hyundai Sonata, Nissan Pathfinder, Chevrolet Traverse, Honda CR-V, Mazda CX-5, Chevrolet Cruze

No. 2 - Orlando-Kissimmee-Sanford, FL

Lake Eola view in Orlando Florida

Photo by Getty Images

Average change in used car prices: -5.85%
Models with the biggest price drops: Dodge Charger, Volkswagen Passat, Nissan Versa, Chevrolet Camaro, Dodge Durango, and Kia Forte

No. 1 - Miami-Fort Lauderdale-West Palm Beach, FL

Aerial view of Miami Beach.

Photo by Getty Images

Average change in used car prices: -6.59%
Models with the biggest price drops: Kia Forte, Dodge Charger, BMW 4 Series Gran Coupe, Chevrolet Colorado, Land Rover Range Rover, BMW 3 Series

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Nuts & Bolts

 
 

McLaren has chosen an easy-to-pronounce name for its new hybrid supercar - Artura.

Photo courtesy of McLaren Automotive

McLaren is about to mark the beginning of a new era in hybrid powertrain engineering. In the first half of 2021, its high-performance hybrid series production supercar will go on sale and we now know what it will be named.

The McLaren Artura builds on the legacy of the McLaren P1TM hybrid hypercar, which was unveiled in 2012, and the Speedtail Hyper-GT, which entered production this year and the fastest McLaren ever with a top speed of 250 mph.

"Every element of the Artura is all-new – from the platform architecture and every part of the High-Performance Hybrid powertrain, to the exterior body, interior and cutting-edge driver interface – but it draws on decades of McLaren experience in pioneering super-lightweight race and road car technologies to bring all of our expertise in electrification to the supercar class," said Mike Flewitt, Chief Executive Officer, McLaren Automotive.

Mclaren Artura The Artura badging sits on what is likely the rear of the car.Photo courtesy of McLaren Automotive

It will be the first car to be built on the company's new platform architecture, which has been optimized for electrification. Design and engineering of the McLaren Carbon Lightweight Architecture took place in the U.K. at the McLaren Composites Technology Centre.

Two photos released by the company show what is likely the back of the Artura, with a honeycomb design beneath the car's badging between two exhaust outlets.

The Artura will get a twin-turbocharged V6 petrol engine that combines with an electric motor. This will be the engine's debut. McLaren says that the engine retains the performance benefits of the company's larger V8s but has improved torque response at low engine speeds. The Artura can also run on all-electric power.

The weight of the hybrid engine system has been offset by the application of weight-saving technologies throughout the chassis, body, and powertrain. Ahead of a full product reveal, McLaren is touting the car's class-leading weight advantage.

The McLaren Artura is expected to be revealed soon. Pricing will likely be announced at that time.

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The Aston Martin Vantage Legacy Collection celebrates the winning racing legacy of the iconic models.

Photo courtesy of Aston Martin

The new Aston Martin Vantage Legacy Collection celebrates one of the most successful periods of car racing in the company's history. Between 2009 and 2018, Aston Martin took the checkered flag in two 24 Hours of Le Mans class victories (in 2014 and 2017) and seven FIA World Endurance Championship titles, as well as numerous international sports car championship titles in British GT, GT World Challenge (Europe) and the European Le Mans Series.

The new trio of Legacy Vantages are based on the V8 Vantage road car, which was launched in 2005. They have been crafted in Aston Martin Racing's workshops and come complete with a brand new chassis, race-ready equipment, and a Sterling Green paint job with Aston Martin Yellow trim lines.

The trio includes a V8 Vantage GTE, a V12 Vantage GT3, and Vantage GT4.

Aston Martin Vantage GT3 The Astin Martin V12 Vantage GT3 has a strong racing lineage.Photo courtesy of Aston Martin

"For a collector, this trio of Aston Martin Racing Vantages represents the ultimate tribute to a halcyon period for the brand in international sportscar racing," said David King, President of Aston Martin Racing. "While Aston Martin has since gone on to record world championship titles with the current generation turbo-charged V8 Vantage, the foundations laid by the huge success of the original car won it admirers the around the globe and led to it becoming a firm favorite with racing fans. The Legacy collection is a beautiful sign-off for this wonderful car."

Aston Martin brought the Vantage GT4 to the track as the first car created around the company's VH-era architecture. It debuted in 2009 as the first of 107 cars created by Aston Martin Racing. Many of these vehicles are still competing today. The car that is a part of the Vantage Legacy Collection is the 108th and final car to be made.

Aston Martin Vantage GT4 Legacy Collection

Aston Martin Vantage GT4

Photo courtesy of Aston Martin

The Vantage GT4 Legacy Collection model is powered by a 4.7-liter V8 engine that is paired with a six-speed Sportshift transmission. It features a FIA-approved full roll cage, polycarbonate side and rear windows, side sills with exposed carbon fiber rib, a quick-release hoot and tailgate, and a lightweight battery. Stiffened front- and rear anti-roll bars, a spherical bearing suspension, two-way adjustable Koni dampers, and a double wishbone suspension are standard equipment as well.

An adjustable carbon fiber wing, four-piston mono block calipers, a Bosch race-developed antilock braking system and traction control, carbon fiber dive plates, two-piece front brake disc, and Pagid RS 29 race pads also come on the model.

The interior of this unique model features a Recaro competition seat, Sabelt six-point safety harness, FIA-copliant Lifeline plumbed-in extinguisher system, weight-reduced fascia, and a quick-release steering wheel. A Recaro HANS compatible seat is available.

The whole rig rides on magnesium five-stud wheels.

Aston Martin V12 Vantage GT3 Legacy Collection

Aston Martin V12 Vantage GT3

Photo courtesy of Aston Martin

Three years after the Vantage GT4 took to the track, the V12 Vantage GT3 debuted and soon became the dominant car in the British GT championship, winning outright titles in 2013, 2015, 2016 and 2018. Over seven years, 46 cars were built.

The Legacy Collection version of the car is built on an aluminum chassis and has a steel rollcage that meets FIA standards. It also comes equipped with a 6.0-liter V12 engine that is paired with an Xtrac six-speed semi-automatic paddle shift transmission. A racing clutch, limited slip differential, carbon fiber prop shaft, six-pot front calipers, ventilated front and rear brake discs, four-pot rear calipers, and a manually adjustable front and rear brake bias are standard.

It also has a 8862 safety seat, six-point safety harness, racing seat nets, carbon fiber dash, fire extinguisher 8862 safety system, driver display, and shift lights are inside the cabin while a front splitter, full width carbon fiber rear wing, removable carbon fiber body panels, and an aluminum roof are on the exterior.

A double wishbone suspension, four-way adjustable Bilstein dampers, and staggered wheels compete the model.

A high-speed pneumatic jack system is included with purchase.

Aston Martin V8 Vantage GTW Legacy Collection

Aston Martin V8 Vantage GTW

Photo courtesy of Aston Martin

Aston Martin Racing brought the V8 Vantage GTW to Sebring in 2012 for its debut. It spearheaded Aston Martin's works return to production-based racing following three years of competing in the LMP1 class. The V8 Vantage GTE took its first win at the final round of the FIA World Endurance Championship in Shanghai in October of that year. Only six of the models were originally built, with the last race of the models occurring at Le Mans in 2018. The GTE in this collection is the seventh and final car to be made, chassis number 007.

This Legacy Collection model comes complete with the aluminum chassis and steel rollcage that you'd expect. It has a lightweight V8 engine, six-speed semi-automatic paddle shift gearbox, ZF Sachs Racing clutch, limited slip combination VC and ramp/plate differential, and carbon fiber propshaft.

The car has the full aerodynamic update that brings it into alignment with 2016 LMGTE regulations, carbon fiber bodywork, an aluminum roof with driver safety access hatch, and an adjustable carbon fiber rear wing. Braking comes courtesy of six-pot Brembo calipers up front and four-pot in the back, vented discs, Pagid RS pads, a bespoke pedal box, and Goodridge hydraulic brake lines.

It rides on staggered wheels wrapped in Dunlop tires.

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