Used Cars

Used prices forecast to soften, not dive

12:01 am U.S. ET | Nov. 23, 2015

The pool of used vehicles will grow in 2016, causing prices to soften but not “fall from a cliff,” predicts an analyst. This year, the supply of used vehicles up to eight years old is forecast to edge up for the first time since the recession.... Read More »

Toyota FJ Cruiser is scarce, hot and high-priced

12:01 am U.S. ET | Nov. 15, 2015

Toyota sold about 20,000 FJ Cruisers a year on average and about 222,000 all told in the United States. Now that they're not made anymore, they're more popular than ever.... Read More »

Drop a coin, pick up a used car

6:00 am U.S. ET | Nov. 12, 2015

Nashville-area car buyers will soon be able to get their used sedan or crossover in much the same way as they buy a bag of chips: by dropping a coin into a vending machine.... Read More »

ADESA profit, revenue grow in 3rd quarter

12:01 am U.S. ET | Nov. 9, 2015

KAR Auction Services Inc., parent company of ADESA, reported that third-quarter net income increased 10 percent from a year earlier to $52.3 million on revenue that rose 13 percent to $666.7 million.... Read More »


BLOG: New sales put used sales in the spotlight

10:16 am U.S. ET | Nov. 8, 2015

Selling all the new cars and trucks that U.S. dealers are now moving has to have an impact, sooner or later, on the real cash streams of the retail business -- used cars and repair work.... Read More »

Manheim makes used vehicles retail ready

12:01 am U.S. ET | Nov. 2, 2015

Auction giant Manheim, which has long offered to recondition clients' vehicles before they go through the auction lanes, now preps cars and trucks to get them front-line retail ready. The operation takes on work that otherwise would have filled dealerships' service bays.... Read More »

VW offers dealers a price guarantee on used diesel vehicles

1:30 pm U.S. ET | Oct. 30, 2015

Volkswagen of America, seeking to contain the damage from its emissions scandal, will offer to buy back some used diesel vehicles from its U.S. dealers at pre-crisis prices.... Read More »

Price drops on used VW diesels gather speed

12:01 am U.S. ET | Oct. 26, 2015

Prices for used Volkswagen diesels have accelerated their decline as the automaker's emissions scandal entered its second month with no definitive word from VW on its repair plans.... Read More »

Toyota Financial rethinks auctions

12:01 am U.S. ET | Oct. 26, 2015

Toyota Financial Services is expanding its use of smaller, themed local auction sales to reconnect with dealers who attend physical auctions. It's also studying ways to offer used vehicles for sale on a daily basis, similar to an eBay sale.... Read More »

It may be left to vendors to create cross-platform auctions

12:01 am U.S. ET | Oct. 26, 2015

Outside vendors, not the current online-auction giants, may take multiple platform auction sales to the next level by creating technology that will allow buyers to bid across competing platforms until the sale is done.... Read More »

Carfax, vAuto offer info on auction vehicles at a glance

5:22 pm U.S. ET | Oct. 6, 2015

Carfax and vAuto have joined forces to offer dealers vehicle-history information on auction vehicles at a glance and with fewer online clicks.... Read More »

Cox, Dealertrack seek to reassure on prices

12:01 am U.S. ET | Oct. 5, 2015

Cox Automotive President Sandy Schwartz has heard dealers fret that, following Cox's $4 billion purchase of Dealertrack Technologies, the new entity will start jacking up prices. Don't worry, he says.... Read More »

Germany wants your Bimmer

12:01 am U.S. ET | Oct. 5, 2015

A Cox Automotive unit ships more used BMWs to Germany than any other overseas market. Here's a look at some of the peculiarities of the used-vehicle export business.... Read More »

No more 'distracted walking' in the lanes

12:01 am U.S. ET | Sept. 28, 2015

Mike Browning, the incoming president of the National Auto Auction Association, is taking charge of a new safety campaign designed to reduce accidents and injuries at auctions.... Read More »

Devastation and determination: Memories of Katrina

12:01 am U.S. ET | Sept. 28, 2015

Mike Browning, the newly installed president of the National Auto Auction Association, recalls heartbreaking and heartwarming moments following Hurricane Katrina. Browning was the general manager of Manheim New Orleans when the storm hit in August 2005.... Read More »

'More questions than answers' on used-VW prices

12:01 am U.S. ET | Sept. 26, 2015

Massive recalls of Toyota and GM vehicles since 2009 produced no long-term damage to those companies’ used-vehicle values. But it’s too early to tell how VW’s diesel scandal will affect its vehicles’ prices at auction... Read More »

Used-car dealers in Calif. sue VW over diesel emissions

5:22 pm U.S. ET | Sept. 24, 2015

Independent, used car dealerships sued Volkswagen AG in California on Thursday over losses they say they will incur following revelations that the company fitted some diesel models with software to cheat on U.S. vehicle emissions tests.... Read More »

Pontiac Aztek gains traction with millennials from 'Breaking Bad' role

9:00 am U.S. ET | Sept. 9, 2015

Several discontinued vehicle models, including the Pontiac Aztek -- well known for its spot atop many lists of the ugliest vehicles ever and for its role in AMC's “Breaking Bad” TV series -- are finding new life on the used-car market thanks to millennial buyers, an analysis found.... Read More »

Average used-vehicle price slips below $10,000

12:01 am U.S. ET | Aug. 31, 2015

The average wholesale used-vehicle price dips below $10,000 in July but demand for used vehicles, especially CPO, buoy prices compared to last year, according to ADESA.... Read More »

Instant online auctions save time, costs

12:01 am U.S. ET | Aug. 31, 2015

Need to price and sell a trade-in fast? Recently developed apps enables franchise dealers to get appraisals and purchase offers on their mobile devices or desktop computers for their used vehicles in an hour or less. .... Read More »

Loan terms for used vehicles grow as inventory becomes 'younger, pricier'

1:45 pm U.S. ET | Aug. 26, 2015

Loan terms on used cars and light trucks are ticking up as those vehicles, on average, become “younger and pricier,” according to The average loan term on a used vehicle stretched to 66.2 months in the second quarter, up 1.1 month from the year-earlier period. At the same time, the average transaction price rose 7.6 percent to $18,800, the company says in a new report.... Read More »

Average age of U.S. fleet hits record 11.5 years, IHS says

7:00 am U.S. ET | July 29, 2015

The average age of light vehicles on the road in the U.S. reached a new all-time high of 11.5 years at the end of 2014, while the total light vehicles in operation hit a record 257.9 million, up 2.1 percent from 2013, IHS Automotive said today.... Read More »

Volvo, industry flex their CPO sales muscles

12:01 am U.S. ET | July 27, 2015

At the half-year mark, industrywide sales of certified used vehicles stood at 1,275,411, up 13 percent compared with the same period last year. The industry sold 212,843 certified units in June, an 18 percent increase over June 2014.... Read More »

Car haulers fight driver shortage

12:01 am U.S. ET | July 25, 2015

Long wait times to pick up cars and paperwork contributes big-time to car-hauler driver job dissatisfaction. It is among the reasons the car hauling industry has a shortage of about 3,000 drivers.... Read More »

FTC probes GM over possible CPO sales without recall fixes

6:03 pm U.S. ET | July 23, 2015

The Federal Trade Commission is investigating GM because some of its dealerships advertised certified used vehicles that hadn't received recall-related repairs.... Read More »

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