Used Cars
 

Manufacturers brace for the used-car flood

12:01 am U.S. ET | April 21, 2014
A projected increase in the supply of used vehicles will be good news for U.S. dealers who have been battling a lingering effect of the recession. But it will be a double-whammy for new-car buyers: lower value on their trade-ins and less-attractive lease terms.... Read More »
 

What can industry do to boost leases, residuals?

12:01 am U.S. ET | April 21, 2014
Interest rates, gasoline prices, unemployment and natural disasters are among the unpredictable forces that have an impact on the economy. In turn, the economy has an impact on leasing.... Read More »

Mercedes dealers in U.S. could be overwhelmed by wave of off-lease vehicles, remarketing boss says

6:18 pm U.S. ET | April 14, 2014
Mercedes-Benz USA expects its dealership network to be overwhelmed by a tsunami of off-lease vehicles at some point, forcing the brand increasingly to sell those vehicles through non-Mercedes dealers.... Read More »

New-vehicle sales driven by off-lease volume, Manheim analyst says

7:42 am U.S. ET | April 8, 2014
New-vehicle sales increases are being supported by consumers returning to the market as their vehicle leases expire, not just pent-up demand from the recession years, said Tom Webb, chief economist at Manheim.... Read More »

Prices of GM used cars unhurt by recall

12:01 am U.S. ET | March 31, 2014
Wholesale prices of General Motors vehicles with faulty ignition switches are unscathed by the highly publicized recall of the vehicles, analysts say. That's because the recalled 1.6 million 2003-07 small cars are valued at about $2,000 to $5,000 each in the wholesale market so there is little room for the prices to fall.... Read More »

NAAA, National Remarketing conferences to join in 2016

1:14 pm U.S. ET | March 24, 2014
The annual National Auto Auction Association convention and the National Remarketing Conference will merge into a single event in 2016.... Read More »

Hertz adjusts fleet, eyes more retail lots

12:01 am U.S. ET | March 24, 2014
Hertz Global Holdings has brought its rental fleet closer in line with demand and expects to sell more retired vehicles directly to consumers at company-owned dealerships, CEO Mark Frissora said.... Read More »

VW, DealerMatch create dealer marketplace online

12:01 am U.S. ET | March 24, 2014
Volkswagen of America and a Manheim corporate sibling have developed an online marketplace for VW dealers to buy and sell used vehicles among themselves for a flat monthly fee.... Read More »

Auction school for dealers

12:01 am U.S. ET | March 24, 2014
ADESA Inc. has mobilized as many as 300 employees to teach dealers, in some cases one-on-one, how to buy used vehicles on its adesa.com online platform, the top executive at ADESA's parent company says.... Read More »

Recession's lessons boost used-car sales

12:01 am U.S. ET | March 24, 2014
Mike Cimino, vice president of Phil Long Dealerships in Colorado Springs, Colo., says his group has made a lot of changes in the way it runs its used-vehicle department in recent years.... Read More »

Hertz right-sizes fleet, expects more used-car sales to consumers

6:12 pm U.S. ET | March 18, 2014
Hertz Global Holdings has trimmed its rental fleet and expects to sell more of those vehicles, when they're retired from service, directly to consumers at company-owned dealerships, its CEO said Tuesday.... Read More »

Toyota dominates CR list of best used cars with 11 models

1:03 pm U.S. ET | March 17, 2014
Consumer Reports has named its best used vehicles for the 2004-13 model years, and the Toyota family is a favorite, with 11 vehicles named to the list.... Read More »

Cars.com drawing interest from AutoTrader owners Cox, Apax, report says

7:36 am U.S. ET | March 12, 2014
Cox Enterprises, the media holding company, and London-based buyout firm Apax Partners, are interested in bidding for auto-sales Web site Cars.com, people with knowledge of the matter told Bloomberg.... Read More »

Income tax refunds, easy credit buoy used-vehicle prices

3:16 pm U.S. ET | March 7, 2014
Used-vehicle prices, bolstered by consumers using their income tax refunds to buy used cars and trucks, rose 0.8 percent in February from January and 1.1 percent from February 2013, the Manheim Used Vehicle Value Index showed today.... Read More »

Infiniti auction goal: Lift margins

12:01 am U.S. ET | Feb. 24, 2014
Infiniti has introduced a live online auction program that gives its dealers first crack at off-lease vehicles entering the network.... Read More »

Weather weakens prices of late-model used cars

12:01 am U.S. ET | Feb. 24, 2014
Last month, the average price decline of 2008-12 used vehicles was steeper than that of the previous month and steeper than expected perhaps because of the harsh weather in much of the country.... Read More »

Report: CPO sales could double in 3-5 years

12:01 am U.S. ET | Feb. 24, 2014
U.S. new-vehicle sales slipped in January, but certified used-vehicle sales ushered in the new year with double-digit percentage increases.... Read More »

ADESA to open more online auctions to more dealers

3:27 pm U.S. ET | Feb. 20, 2014
ADESA, the nation's second largest auto-auction company, this year will focus on building online auctions that are open to all dealers, its parent company's top executive said.... Read More »

Off-site prep lifts used-car grosses

12:01 am U.S. ET | Feb. 10, 2014
A onetime chicken hatchery is the secret to dealer Chris Gaunce's booming used-car business.... Read More »

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