CarMax opens first four-lane auction on West Coast

CarMax opened a vehicle reconditioning and four-lane auction center in Murrieta, Calif., on Thursday, making it CarMax’s largest multipurpose location on the West Coast, the used-vehicle mega-retailer said.

Will this be the year used-car prices fall?

If economists and remarketing experts are correct, 2017 will finally be the year the industry sees significant downward pressure on used-vehicle

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CarMax opens first four-lane auction on West Coast

CarMax opened a vehicle reconditioning and four-lane auction center in Murrieta, Calif., on Thursday, making it CarMax’s largest multipurpose location on the West Coast, the used-vehicle mega-retailer said.

FTC sued over sale of certified used cars

The Center for Auto Safety and five other groups filed a lawsuit against the Federal Trade Commission for allowing used cars to be advertised as "certified" or safe despite being the target of an outstanding safety recall.

Analyst warns of incentives' pressure on used prices

Incentive spending, combined with a glut of off-lease vehicles returning to market, could push used prices down by about 4.8 percent this year, the lowest level since the economy was emerging from the recession in 2010, one analyst says.

New-, used-vehicle financing trends converge

Finance trends in the new- and used-vehicle markets are merging, as shown by product announcements and data presented at the American Financial Services Association's vehicle finance conference this week in New Orleans.

J.D. Power launches residual-value product

J.D. Power and Associates has launched its own residual-value product, putting it in competition with TrueCar Inc.'s ALG and others at a time when lease originations are at record levels.

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