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Those wanting to save some money by purchasing a used car may be in for sticker shock. The used vehicle market is seeing an “unseasonal sharp uptick due to unique market conditions” because of the coronavirus pandemic.This also means those with a used car sitting around could get top dollar for a trade-in or sale.Edmunds, which has been tracking automotive trends since the 60s, says the average used car listing price was 8 more in July than in June. Large trucks had the biggest one-month jump, with listing prices ,301 more in July than in June.Meanwhile, trade-ins are, on average, seeing 16.4 percent more value in July compared to June. And those used vehicles are not sticking around on the lots for long. In June, it was taking an average of 44 days to turn around a used car, and in July, it was down to 38 days. This is the steepest one-month decline in Edmunds history of keeping records."It's a seller's market right now. Although used vehicles continue to offer significant discounts compared to new, used-car shoppers will find themselves in the unusual position where they might not have as much negotiation power because demand is so high and dealers will be less inclined to be flexible," said Ivan Drury, Edmunds' senior manager of insights in a release from the company."If you're in the market for a used car, what you see in terms of pricing is likely what you're going to get, so do your research and be prepared to act quickly if you have your heart set on a vehicle."The reason behind the sharp increase in demand for used vehicles is for a variety of pandemic-related causes, says Drury.Consumers are being more cost-conscious right now as unemployment is high, interest rates and offers from dealers are favorable for car buying, and inventory has been “severely limited on the new side.”Automakers closed their factories for several weeks earlier this year as states issued stay-at-home orders to control the coronavirus pandemic. That led to a decline in inventory for new vehicles.Edmunds recommends buyers and sellers/traders do their homework and find out what the value of their specific vehicle is. 2146
Three days after Hurricane Michael unleashed its wrath in the Florida Panhandle, residents in some of the hardest hit areas are growing desperate for food and water.Long lines have formed outside fire stations, schools and Salvation Army food trucks as residents try to secure anything from bottled water and ready-to-eat meals to hot meals.PHOTOS: Hurricane Michael damageFlorida Governor Rick Scott tweeted on Saturday that millions of meals and gallons of water are already on the way to the impacted communities.The death toll from Michael has risen to at least 17 and nearly 900,000 customers remain without power in seven states. The storm that smacked Florida's Panhandle was one of the most powerful hurricanes to hit the United States, leaving a trail of destruction stretching as far as Virginia. The misery from its impact will likely linger for weeks or even months.On Saturday, emergency crews will continue descending into the coastal cities in the Panhandle, like Mexico Beach, that were wiped out and will try to reach remote areas that were isolated by downed trees and power poles. 1107

There's a new program aimed at helping Black and Latinx students succeed.The Equity in Education Initiative was built through a partnership between Walmart and North Carolina A&T State University.The program acknowledges many of these students start at a disadvantage, because they go through under-funded school districts.“These students are coming in sometimes with academic gaps that are due to no fault of their own. It's not a difference in ability, it's just a difference in their zip code,” said Kevin James, Dean of the Deese College of Business and Economics at North Carolina A&T.The program is broken up into four focus areas, addressing specific needs of different students. They include financial resources and mentorship while in school, and then network building to create career opportunities their white counterparts may already have.“So many people actually obtain their jobs through networks, because they know someone who knows someone, and many of these students, most of them come in without those built in networks and their families don't have those networks,” said James.The hope is that the positive effects of the program will extend outside of school, allowing successful students to invest and give back.“It's not just about the impact on the student. It's about multi-generational impact on families and about extending those impacts into communities that often times have been under resourced,” said James.Some parts of the program, like the Black Male Initiative, will make resources automatically available to students.There will be an application process for the Leadership Cohort and scholarships.The program starts early next year. 1683
Three summer camps in two different states have closed after staff members and campers tested positive for COVID-19.According to the Stone County Health Department's Facebook page, 82 campers, counselors, and staff members at the Kanakuk K-2 Camp in Lampe, Missouri, tested positive for the deadly virus. 312
Treasury Secretary Steven Mnuchin asked the White House about the possibility of using a government jet for his European honeymoon this summer but later withdrew the request.A Treasury Department spokesperson told CNN in a statement that Mnuchin made the request to ensure he had access to secure lines of communication when he and his new wife, Louise Linton, were traveling."Treasury withdrew its request after a secure communications option was identified during the Secretary's extended travel," the spokesperson said Wednesday.Treasury said it has a practice of considering a "wide range of options" to ensure Mnuchin has access to secure communications, including the possible use of military aircraft.The Treasury spokesperson said it was "imperative" that Mnuchin, who is a member of the National Security Council and directly involved with national security issues tied to North Korea, Iran, and Venezuela, could communicate securely.ABC News was the first media outlet to report the Secretary's request.When asked if there was a review of the request, an official with the Treasury Department's Inspector General, which investigates allegations of wrongdoing within the agency, told CNN Wednesday "We are looking at all requests and uses of government aircraft."A White House spokesperson declined to comment and directed questions to Treasury.This is not the first time a trip by the former Goldman Sachs banker has raised eyebrows.Another trip by Mnuchin and his wife to Kentucky last month is already under review by the Treasury Department's Inspector General.Jaws dropped in August when Linton posted a picture of herself on Instagram stepping out of a U.S. government plane. She had tagged a series of luxury designers such as Hermes, Tom Ford and Valentino to describe her expensive clothing. Social media pounced on the post and called it ostentatious.Mnuchin's trip to Kentucky included a stop at a chamber luncheon in Louisville and Fort Knox, where he, and Senate Majority Leader Mitch McConnell, and others watched the Aug. 21 eclipse.The Treasury Department has previously defended Mnuchin's trip as "official government travel" and denied that viewing the eclipse was the primary purpose of the trip.Instead, the agency said the government aircraft was used to facilitate the secretary's travel schedule and ensure uninterrupted access to secure communications."The Department of the Treasury sought and received the appropriate approval from the White House. Secretary Mnuchin has reimbursed the government for the cost of Ms. Linton's travel in accordance with the longstanding policy regarding private citizens on military aircraft," a Treasury spokesperson told CNN earlier this month. 2746
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