Rising used-vehicle supply seen pushing prices down in 2017
CPO buyers stay loyal, study finds
Penske to buy U.K. used-only dealership group CarShop
Agreements reached in dispute on open recalls
In the ongoing dispute over how dealerships can advertise and sell used vehicles which have open recalls, particularly certified used vehicles, the FTC closed consent agreements with General Motors and two large dealership groups. Consumer advocates denounced the agreements.
Remarketers brace for surge in volume
Industry executives insist they're ready to deal with higher volumes of used vehicles in 2017, and they are taking steps to head off pinch points in the smooth flow of those higher volumes to dealerships.
Used-car trade networks seek to drive wholesalers out
Traditional auto auctions are being challenged by used-car trade networks that allow dealers to buy and sell vehicles on their mobile devices. The business model of the companies behind those apps envisions dealers' using traditional auctions sparingly and cutting out wholesalers altogether.
Dealers' suit against Carfax tossed by judge
Carvana's 2nd 'vending machine' debuts in Houston
Online used car retailer Carvana today opened its second fully automated vehicle “vending machine,” this time in Houston. Customers in the region will have the option of picking up the vehicle they bought through Carvana at the eight-story, glass-structured building, which stands three stories taller than the original in Nashville.
Hertz retails retired rental fleet on Shift's platform
Hertz is selling retired rental vehicles on a platform owned by Shift, a startup used-car marketplace. In November, Hertz admitted that it was plagued this year by several problems, including having bought too many compact cars and higher than projected used-vehicle depreciation costs.
Beepi's demise shows perils for used-car startupsUPDATED: 12/16/16 10:08 am ET - corrected
Internet used-vehicle retailer Beepi Inc. folded most of its operations last week, marking a growing pain for a burgeoning business model that is trying to convince customers it's OK to buy used vehicles sight unseen.
New-car incentives push used prices down
An increase in automakers' new-car incentives related to their “channel stuffing” -- promoting excessive new-vehicle inventory on dealers' lots -- led to a drop in used-vehicle prices in November, an analyst said.