Latest news with #Cars&Bids
Yahoo
22-04-2025
- Automotive
- Yahoo
KeySavvy and Cars & Bids Expand Partnership with "SafePay'
New integration seamlessly safeguards and simplifies Cars & Bids transactions SEATTLE, April 22, 2025 (GLOBE NEWSWIRE) -- Innovative private party vehicle transaction platform KeySavvy today announced its enhanced partnership with car auction website Cars & Bids. Since initiating the relationship in April 2024, the two companies have worked closely to launch a deeper integration of KeySavvy's payment system embedded directly within the Cars & Bids website. "Cars & Bids SafePay powered by KeySavvy" launched in November 2024. Since April 2024, over $35 million worth of vehicles have been securely transacted through the partnership. After launching SafePay in November, adoption of KeySavvy's transaction platform on Cars & Bids further increased by 50%, highlighting a significant reduction in friction. With SafePay, Cars & Bids customers can seamlessly access KeySavvy's secure transaction platform without leaving the Cars & Bids website or creating a separate KeySavvy account. Powered by KeySavvy's partner API, SafePay: minimizes friction by requiring less input and providing clear, step-by-step guidance effortlessly handles complex transactions like lien payoffs, multiple owners and business owners maintains the experience under Cars & Bids' trusted branding ensures top-tier customer service with dedicated SafePay support channels maintained by KeySavvy experts. Customers have quickly embraced the convenience and security of SafePay: 'Makes the transfer process seamless, quick, and protected,' remarks Nate Blume. Tom Krishan writes that 'the entire experience was pleasurable and easy.' Ramiz Hanan writes, 'I purchased the car out of state, there was still a lien on the title, and the purchase amount was significant. With SafePay, I made the payment and sat back without worrying about any of that stuff or making a single call.' 'You made a scary task easy and safe,' notes another customer. 'It's a game-changer. Our expanded partnership with an industry leader like Cars & Bids builds on KeySavvy's core values of trust and convenience,' says Andrew Crowell, co-founder and CEO of KeySavvy. "It accelerates our mission to make private vehicle transactions safer, simpler, and more accessible to car buyers and sellers nationwide.' 'At Cars & Bids, our mission is to create trust and joy in the online auction experience,' explains Dan Harman, CEO of Cars & Bids. 'Our partnership with KeySavvy directly supports that goal by removing friction and providing buyers and sellers with unmatched confidence and simplicity. SafePay helps ensure every transaction is as secure and enjoyable as the vehicles themselves.' To learn more about KeySavvy, visit To learn more about Cars & Bids, visit About KeySavvyKeySavvy is a transaction platform that eliminates payment and title fraud in private-party vehicle transactions and guides buyers and sellers through a complex process with ease. For peer-to-peer vehicle marketplaces and lenders, KeySavvy enables trusted, end-to-end transactions that help partners deliver a superior experience to their customers. Since launching in January 2023, KeySavvy has securely transacted over $250 million worth of vehicles. About Cars & Bids Cars & Bids is the premier online auction platform for buying and selling enthusiast vehicles. Designed for modern car lovers, Cars & Bids offers a streamlined, user-friendly experience focused on transparency, community, and curated listings. Media Contact:Emma BuschleLambertebuschle@ in to access your portfolio
Yahoo
01-04-2025
- Automotive
- Yahoo
In Rare Bit Of Good News, Used Cybertruck Values Keep Trending Down
Even if you could somehow set aside Elon Musk's role in turning the U.S. into a corrupt oligarchy, the Tesla Cybertruck sucks. It's bad at being a truck, bad at being a vehicle in general, bad at not being a danger to other drivers — in more ways than one. We're still waiting on Tesla to announce its Q1 sales, but until then, you can at least enjoy the steady decline in used Cybertruck values over the last year. For a while, at least, it seemed like there were enough Cybertruck-wanters out there still willing to pay big money to advertise to the world that they're selfish lovers to keep prices high. Granted, I don't usually pay super close attention to auction listings for regular vehicles you can usually find for sale in any city in the U.S. and also prefer not to think about Elon Musk, Tesla, or the Cybertruck any more than this job requires me to. But the people bidding on enthusiast vehicles tend to have a good bit of money, and at a glance, prices were still high enough that it at least looked like they were generally immune to all the bad Cybertruck news. So I was surprised to see that a Cybertruck for sale on Cars & Bids with two days left on the auction still hadn't crossed the $70,000 mark. Any amount of money is still too much for one of these things, but it got my attention. Read more: Tesla Recalls Almost Every Car It's Sold In The US Looking back through Cars & Bids' past Cybertruck auction results, it was a little crazy to see just how much these trucks were selling for less than a year ago. For example, here's a nothing-special Foundation Series auction that ended on May 31 with a winning bid of $108,500. Talk about an absurd amount of money. About a week later, another Foundation Series failed to meet its reserve at $110,000. In late June and early July, though, the highest bids started to slip into the $90,000 range, but through the end of 2024, every high bid was at least above $80,000. Come February, though, and we finally saw a Foundation Series top out at $73,000 and fail to sell. The last regular Cybertruck listed on Cars & Bids went for $72,000 — or about what you'd pay for a new base Cybertruck after you apply the tax credit. Meanwhile, in February, we also saw the first Cyberbeast sell for less than $100,000. And about a week ago, a Cyberbeast topped out at $81,000 and sold for an undisclosed sum after the auction ended. There's no telling what the high bid will be on the current Cybertruck listing or what the reserve is, but it could very well be the first one in Cars & Bids to fail to reach $70,000. Head over to Bring A Trailer and you'll see a similar trend. In fact, they even put the last year of auction results into a convenient little chart so you can see auction values over the last year. Now, as much as I wish I could tell you that dot in the lower right corner was an actual Cybertruck sale, and they're now basically worth less than $2,000, that one was actually for a set of Cybertruck wheels. Presumably to replace them as they fall off your truck while driving. Just kidding. I'm sure you can trust the wheels to stay on the Cybertruck. Still, you don't have to be a statistician to see the trend here. Prices are falling, and they're falling fast. The last Foundation Series listed was bid up to $74,500 but failed to sell. Now, some of that is probably due to demand falling for new Cybertrucks, making them easier to get at MSRP. Still, you can't deny that used Cybertruck values are headed in the right direction, and assuming this trend continues, all the wannabe Three Percenters who overpaid for these monstrosities are going to be so underwater, the only thing you'll be able to do is laugh. You know, just like you do every time you see someone driving one in public, just begging for any positive attention, all while their fellow Republicans burn the country down. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
Yahoo
06-02-2025
- Automotive
- Yahoo
This Suzuki Alto Works RS-Z Is A 63-HP Hot Kei Hatch With A Functional Hood Scoop, And It Could Be Yours
If you're one of the many people who believe vehicles have gotten far too large these days, it doesn't get much better than an imported kei car. Even compared to the smallest new cars on sale in the U.S. today, kei cars are still tiny, and that's a big part of why we love them. For example, take a look at this 1997 Suzuki Alto Works RS-Z that's currently listed for sale on Cars & Bids. It's adorable! But wait, what's that? A hood scoop? Oh yeah. It's functional, too. Now, before you get too excited, while this Alto does have a turbocharged engine and a functional hood scoop, it still doesn't make much power, and it isn't going to be fast. The 657-cc turbocharged three-cylinder engine makes 63 horsepower and 66 pound-feet of torque, all of which gets routed to the 14-inch front wheels via a five-speed manual transmission. So if you have a thing for drag racing, this isn't the car for you. Then again, who in their right mind buys a kei car for straight-line speed? The fact that this Alto is short on power doesn't mean it won't still be fun to drive, though. Kei cars are truly tiny by modern American standards, which means this car should be quicker than you'd think. After all, it only weighs about 1,500 pounds. It'll be quicker than you'd think until you turn on the air conditioning, that is, but at least it comes with air conditioning. 2025 is not a year to plan on cool, temperate summers lasting for long if they even still exist somewhere in this country. What's much more important is the part where this is no regular Alto. It's an Alto Works RS-Z, which is basically a hot hatch variant of the Alto if you're willing to play a little fast and loose with the term 'hot hatch.' You know, because of the 63 horsepower. At the same time, if you live in a city, this car should be an absolute blast. Small, light, fuel-efficient, fun to drive, rare and special? That's everything you could possibly want in a city car and maybe even enough to get you to overlook the steering wheel being on the right. Will you be able to register it in your state if you win the auction, and if you're able to, will you be able to keep it registered? No one knows. Really, though, that's half the fun — the other half being the joy of finding and importing parts all the way from Japan when things break or wear out. And who knows? Maybe you'll even end up suing the state. Did you have that on your bingo card for 2025? I bet you didn't. At the end of the day, though, you'll still own a seriously cool and rare little kei car. Fingers crossed the people who make those decisions let you drive it. For the latest news, Facebook, Twitter and Instagram.
