Is Now A Good Time To Get A Great Deal On A Used Car?

While not all of the headlines we’ve seen in 2020 have been uplifting, this year does have at least one treat in store. If you’re in the market to buy a used car, the experts think this may be the time.

The Manheim Used Vehicle Index features a Manheim Market Report that looks at changes in the market. It found that there was an almost 12 percent drop in wholesale used vehicle prices in early April, compared to March prices. The report found that prices fell in all major segments, with vehicles that were three years old falling almost 5 percent.

Car and Driver compiled a list of vehicles that they recommend in the $5,000 range. It included favorites like the Ford Ranger, Toyota Sequoia, Honda Accord, and Jeep Wrangler. iSeeCars also released its recommendations, and it featured a 2015 Mazda6 for around $13,000 that was the best option in 20 metro areas.

It is worth noting that you may get less money for your used vehicle if you choose to sell it or trade it in. So, make sure to factor that into your decision-making process. Of course, the financial experts here at Village Motors of Conover are always ready to work with you do secure a great deal on your trade-in.

Additionally, despite the dip in the market, the Manheim Market Report found that sales for used luxury cars and SUVs are still going strong.

If you’re ready to get the deal of a lifetime on a high-quality used vehicle, please stop by Village Motors of Conover and browse our lot.

iSeeCars Names GMC One of the Longest-Lasting Brands on the Road

If you’re looking for a reliable vehicle, you can’t do much better than a GMC. According to a recent survey by iSeeCars, GMC is one of the longest-lasting brands on the road. In particular, GMC models such as the GMC Yukon XL, Sierra 1500, and Canyon ranked among the vehicles consistently driven 200,000 miles or more.

Nearly 16 million vehicles were evaluated as part of the survey, which showed that GMC vehicles typically last longer than many of the brand’s competitors. Approximately 1.4 percent of all GMC models reach 200,000 miles or more, which put the brand in third place in the world. The GMC Yukon XL was the GMC model that was most likely to last the longest, reaching an impressive 300,000 miles in some cases.

“Truck-like SUVs and pickup trucks account for the majority of the list of vehicles that are most likely to reach 200,000 miles,” said iSeeCars CEO Phong Ly. “However, consumers looking for vehicles in other categories can find a reliable high-mileage hauler to suit their needs.”  

The Yukon XL is designed with high-strength steel, with an efficiently engineered EcoTec3 powertrain to provide optimal power without sacrificing gas mileage. Vehicles such as the Sierra 1500 frequently earn awards from JD Power for dependability and reliability as well, thanks to versatile designs and engineering that make GMC trucks and SUVs well suited for hard work and everyday driving.

To get behind the wheel of one of the longest-lasting vehicles on the road, stop by Village Motors of Conover and take a GMC SUV or pickup truck for a test drive.

Chevrolet Has Strong First Week in NASCAR® Races

Chevrolet had a strong first week of NASCAR® races at the beginning of March, leading the first race of the season, the Auto Club 400 at Auto Club Speedway. Driver Alex Bowman took the #1 spot, with three other Chevy drivers in the top 10.

It’s also notable that Chevy drivers led the race for a total of 127 laps out of 200. Bowman said this dominating performance is thanks in part to the changes made to the Camaro, which saw upgrades to its body this year, providing better aerodynamics.

Chevrolet introduced the new NASCAR® Cup Series Camaro last October, the ZL1 1LE, calling it “the fastest, most track-capable production Camaro ever.” The new design employed computation fluid dynamics, full-scale wind tunnel testing, and more.

Other changes to the Camaro include a new front bumper for better bump drafting. The new NASCAR® Camaro put out 550 horsepower, though the street version of the car comes with a 6.2-liter V8 engine that generates 650 hp.

Third-place winner Kurt Busch cited that the Camaro had “a really good balance when it came to speed and long run speed,” starting out fast and staying fast, unlike competitors that were “bogged down early in a run.”

With a vehicle as capable as the Camaro, it’s no wonder the team performed so well at the Auto Club 400. Join all of us here at Village Motors of Conover in rooting the team on in upcoming NASCAR® races when the season resumes later this spring.

The First Dodge Viper Ever Just Sold for Double its Value

When it was first introduced to the automotive world, the Dodge Viper redefined what a performance vehicle could be. Recently, the first Dodge Viper ever produced went on auction, and its final bid was double the estimated price.

This particular Dodge Viper was previously owned by the late Lee Iacocca. Iacocca helped to develop cars like the Ford Mustang, and later served as the CEO of Chrysler in an era where the company was producing innovative vehicles like the Dodge Caravan, the very first minivan.

Unfortunately, Iacocca passed away last year, and his Viper was put up for auction by his estate. With the official title of Dodge Viper SRT-10 VIN 001, this was the very first Viper to roll off the assembly line.

Prior to the auction event in Scottsdale, Arizona, estimates placed the final bid of the Viper at less than $150,000. However, when the last offer was placed, that amount had grown to $285,000, proving just how much money people are willing to spend for a unique piece of automotive history.

While the Viper may not be a part of the Dodge lineup anymore, you can learn more about the performance vehicles that Dodge still offers here at Village Motors of Conover.

Kelley Blue Book’s Favorite Cars with the Best Resale Value

Best Resale Value
Who better to look to for the cars with the best resale value than Kelley Blue Book? Visit Village Motors and test drive one of these great vehicles.

When you’re shopping for a pre-owned car, knowing the resale value of your prospective ride can say a lot about its lasting quality. And who better to look to for the cars with the best resale value than Kelley Blue Book?

Toyota Tacoma

Topping the list for the fifth year in a row is the capable and fun-to-drive Toyota Tacoma, with a 60-month resale value of 62.2 percent of its original value.

Jeep Wrangler

The Wrangler appeals to a niche but enthusiastic fan following, keeping its resale value around 58.3 percent at the 60-month mark.

Toyota Tundra

The Toyota Tundra is the truck for you if you want full-size capability and solid performance. It holds 56.9 percent of its value 60 months after it rolls off the lot.

GMC Sierra

The GMC Sierra, with its top-notch tech, comfort, capability, and luxurious design, retains up to 56.7 percent of its original value at 60 months.

Toyota 4Runner

The Toyota 4Runner has a loyal fanbase, which helps the SUV hold up to 56.3 percent of its original value 60 months later.

Chevrolet Silverado

The Silverado is all-new for 2019, but used models hold 53.7 percent of their original values at the 60-month mark. Enjoy reliability, comfort, and high-performance options in a Chevy Silverado.

Honda Ridgeline

Hailed as a truck-like vehicle with SUV amenities, the Honda Ridgeline holds 51.3 percent of its value 60 months from its original purchase date.

Ford F-Series

As the country’s overall best-selling vehicle, it’s no wonder the Ford F-150 has exceptional resale value. Ford’s trucks retain up to 50.1 percent of their value at 60 months.

In our mission to provide you with only the highest-quality pre-owned vehicles, we regularly have all of these outstanding cars right here on the lot at Village Motors of Conover. Pay us a visit and take a test drive today.

What Are Certified Pre-Owned Vehicles?

Did you know more used cars are bought and sold than new cars every year? Still, despite their popularity, used cars can sometimes get a bad rap. If you’ve ever been surprised by hidden damages, you might be understandably cautious about picking up another ride that’s been previously-loved. That’s where Certified Pre-Owned programs come in. What are Certified Pre-Owned (or CPO) vehicles, though?

Requirements and Standards

When you buy a car through a CPO program, you’re purchasing a vehicle that meets specific requirements. Usually, the car has to be under a certain age and mileage and must qualify for the program by meeting the standards of a long, rigorous mechanical and cosmetic inspection.

Warranties

To offer extra reassurances, used cars purchased through a CPO program come with the backing of several warranties. Often, manufacturers will offer to cover anything that needs to be repaired within a short time of the initial purchase, and many powertrain warranties on CPO vehicles last several years.

Benefits

In addition to warranties, you’re likely to get some additional perks when you buy a certified pre-owned vehicle. 24/7 roadside assistance is pretty common, as is the car itself coming with a free Vehicle History Report and the option of dealership maintenance plans.

If you want to learn more about our Certified Pre-owned program or browse our extensive inventory, pay us a visit at Village Motors of Conover today.

Why Does My Credit Score Matter?

If you are in the market for a vehicle and you have been denied a loan from some banks because of your credit history, you might be left questioning why your credit score even matters at all.

Creditworthiness: Banks use your credit score as a quick vector check of your creditworthiness, or how likely you are to repay a loan. Low credit scores often indicate a limited credit history, defaulted payments, or a high debt-to-income ratio. None of these factors are catastrophic, though. Whether you have a short credit history or one that highlights a few mistakes, you can still get into the car of your dreams.

The Impact: Banks typically view low credit scores as red flags, and could deny you outright for an auto loan. Without the self-sufficiency afforded by a vehicle or the opportunity to improve a bad score, the credit score cycle can seem self-perpetuating. If your score is just high enough to be approved, you will still be subject to high-interest rates that can make repayment difficult.

The Village Motors of Conover Difference: At Village Motors of Conover, we aren’t like all of the other dealerships looking to make a quick buck. We value people over credit scores, which is why we work to offer you a great deal regardless of your credit history. No matter the severity of your situation, we will do our best to get you financed and on the path toward rebuilding your credit.

If you have questions about credit or would like to get approved for a new vehicle, call Village Motors of Conover today.

Tips for keeping your food safe in the car

Keep Your Food Safe
If you want to keep a culinary disaster from happening on the road, we have a few tips on how to keep your food safe in the car.

We all know that the holidays include a potentially belt-widening number of amazing meals. Because these meals are always better with family, you will probably find yourself driving to and from get-togethers with food in your car. If you want to keep a culinary disaster from happening on the road, we have a few tips on how to keep your food safe in the car.

Casseroles

If you are bringing along a casserole, we recommend using a cardboard box that’s big enough to fit the dish and a few towels. Place the dish in the box and surround it with the towels to help keep it warm during transit.

Pie

Pies are an indulgent holiday favorite. While a dedicated pie carrier is the best way to transport a pie, another option is to take an empty pie plate and place it on top of your pie. Then, wrap both pie pans with foil to keep them together.

Cold Food

If you are bringing along a cold dish, break out the summer cooler. If you don’t have a cooler, you can use a cardboard box. Either way, surround the dish with ice packs or ice cubes to keep it cold while you drive.

Baked Goods

The simplest food to take with you in the car is baked goods, like rolls, muffins, or cookies. Simply put those in a covered container and you are ready to go.

All of us at Village Motors of Conover want to wish you a happy holiday season. If you’re looking for a new car for the New Year, stop by and go for a few test drives.