AutoTrader.com said to be in talks for initial public stock offering

AutoNation: If description fits, we'll buy it

AutoNation Inc. is making offers to purchase used vehicles -- sight unseen -- listed for sale on popular third-party Web sites. It also guarantees to pay the amount offered for a vehicle if the condition description proves accurate when the vehicle is brought to an AutoNation store. Mike Maroone, COO of the nation's largest dealership group, says the pilot program with eBay, Edmunds.... Read More »

Big retailers: We won't neglect used-car sales

Forecasters predict strong sales of new light vehicles this year, possibly as high as 14 million units. But executives representing six major dealership groups -- five of them publicly held and one privately owned -- say they won't neglect their used-vehicle business, regardless of what happens with new cars and trucks.... Read More »

Sirius XM offers trial subscription to Chrysler used-vehicle buyers

Customers who buy a used vehicle from participating Chrysler, Dodge, Jeep and Ram Truck dealerships will be eligible for a free, three-month trial subscription to Sirius XM Radio Inc.'s satellite radio service, Sirius XM said today.... Read More »

Certified-used sales set a record in 2011

Certified used-vehicle sales reached an all-time high in 2011 with some brands registering significant sales gains despite a big decline in vehicles coming off lease, a major source of certifiable used cars and trucks. The industry sold 1,742,147 certified used cars and trucks in the United States last year, up 6 percent from 2010.... Read More »

Payless pursues new-car dealers

Payless Car Sales is positioning itself as an alternative used-vehicle outlet for franchised dealers, suggesting that retailers use the Payless brand name to reach customers who might resist the retailer's own auto brand. "You might not get a shopper to come look at a 2010 Chevy Camaro if it's selling at your Hyundai used store," says Keith Wiesman, CEO of Payless Development.... Read More »