Used Cars


All states must get on board to close title-washing spigot

12:01 am U.S. ET | July 20, 2015

A critical tool in preventing vehicle title-washing fraud can't work as intended because some states don't participate. States should link into the federal vehicle title-checking system to protect motorists' lives and pocketbooks.... Read More »

Curse of the $16.5 million Ferrari pits tycoon against an auction house

July 11, 2015 06:15 CET

Following 16 years of lawsuits and ownership claims from Paraguay to Switzerland, the fate of a 1954 Ferrari 375 Plus roadster, which Victoria's Secret founder Les Wexner thought he bought last year for 10.7 million pounds ($16.5 million), is finally coasting toward resolution in a London court.... Read More »


BLOG: Startups just keep coming in the used-car market

7:14 am U.S. ET | July 9, 2015

In case you missed it, this week brought more reminders that the used-car market is in flux.... Read More »

Used-vehicle prices rise after 4 down months, Manheim says

2:55 pm U.S. ET | July 8, 2015

Wholesale prices of used vehicles in June were up slightly after four consecutive months of decline, the Manheim Used Vehicle Value Index released today shows.... Read More »

Trouble selling grandma's cars sowed seed for $1 billion startup

6:35 am U.S. ET | July 7, 2015

Auto1 values and buys used cars from individual sellers based on its own inventory and that of dealerships and manufacturers that use its platform. It then sells them on for a higher price to dealerships.... Read More »

J.D. Power completes NADA car guide purchase

2:37 pm U.S. ET | July 1, 2015

J.D. Power completed its acquisition of NADA's Used Car Guide today after receiving approval from U.S. regulators.... Read More »

No seat unturned in flood-damage search

12:01 am U.S. ET | June 29, 2015

Since torrential downpours hit Houston in late May, Bob Sluss has been extra vigilant about leaving no stone - or seat - unturned when appraising used vehicles. Sluss has seen a spike in trade-ins with water damage that was not disclosed by their owners.... Read More »

CarMax makes big plans for smaller markets

12:01 am U.S. ET | June 29, 2015

CarMax Inc. plans to expand its reach by opening smaller stores in smaller markets, said CEO Tom Folliard. He said the used-vehicle powerhouse has identified at least 80 markets that will support stores that are downsized from typical CarMax outlets.... Read More »

CarMax average retail selling price dipped 1.6% in Q1

1:09 pm U.S. ET | June 19, 2015

The average retail selling price of a CarMax used vehicle dropped 1.6 percent to $19,851 in the company's fiscal first quarter that ended May 31.... Read More »

Toyota tops in retained value, awards show

12:01 am U.S. ET | June 18, 2015

Toyota Motor came out on top in's annual Best Retained Value Awards, nabbing a brand-level award and four model-level awards. The awards recognize brands and nameplates that have the highest projected residual values after five years compared to their average transaction prices when sold new.... Read More »

CarMax criticized for selling cars with open recalls

1:45 pm U.S. ET | June 11, 2015

CarMax is under attack from consumer activist groups in California after a study found vehicles with open safety recalls for sale at two of its stores in the state.... Read More »

Echopark stores' iPad strategy reaps F&I results

12:01 am U.S. ET | June 8, 2015

Sonic Automotive Inc.'s three new used-vehicle stores in the Denver area are getting strong F&I results. The three stores together average nearly $1,000 per vehicle on sales of extended service contracts, guaranteed asset protection and other add-on items. That's despite having no dedicated F&I officers and using a one-price, one-salesperson process.... Read More »

Texas floods may yield 10,000 damaged vehicles

9:54 am U.S. ET | June 5, 2015

As many as 10,000 vehicles may have been damaged in last month’s catastrophic Texas floods, and some could be resold out of state to unsuspecting buyers, according to a group that works to prevent insurance fraud.... Read More »

KAR Auction will add auctions, inspection unit

12:01 am U.S. ET | June 1, 2015

KAR Auction Services plans to build or buy physical auctions and a vehicle inspection business as part of its growth strategy.... Read More »

J.D. Power to buy NADA Used Car Guide

1:00 pm U.S. ET | May 28, 2015

The National Automobile Dealers Association has agreed to sell an 82-year-old institution, its Used Car Guide business, to J.D. Power. The deal is expected to yield shared cost savings and lead to more comprehensive data and new products.... Read More »

Buyers emerge for auction companies

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

Mergers and acquisitions are happening among auto auctions, and attracting private-equity players, for the same reasons they are on the rise among car dealerships: Robust and growing sales volumes and aging owners.... Read More »

Auctions focus on high-quality vehicle images

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

Auctions are taking steps to raise the quality and resolution of their vehicle photos, yielding more bids and higher conversion rates.... Read More »

Tesla starts small with CPO program

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

Tesla is now selling CPO cars online in 11 US cities, marking the start of a used-car foray that could someday turn into a big money-maker. Tesla says it doesn't see used cars as a way to pad its margins, though that may change as used cars become a larger part of its business.... Read More »

KAR Auction Q1 net income doubles

3:11 pm U.S. ET | May 6, 2015

KAR Auction Services, parent company of ADESA, said its net income more than doubled to $54.5 million on revenues that increased 8.3 percent to $632.4 million in the first quarter.... Read More »

Whole lotta wholesalin' goin' on

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

Soaring new-vehicle sales for the last few years mean that used vehicles are more plentiful. Dealers have become more selective about the vehicles they stock, and more willing to wholesale the ones they cull.... Read More »

Recalled program cars vex GM, hurt profits

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

Late last year, General Motors decided to hold off on auctioning many of its retired rental vehicles because of depressed prices. But lower prices on the sale of program vehicles - those that the automaker took back after they were retired from rental fleets - hurt GM's first-quarter operating profit by about $400 million, the company said.... Read More »

Manheim expands its mobile auctions

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

Manheim is expanding its mobile auction business, which the company says could grow to 20 percent of its revenues eventually from less than 5 percent today.... Read More »

Online startups offer dealers faster, cheaper ways to wholesale vehicles

12:01 am U.S. ET | April 13, 2015

Years ago, dealers who wanted to get rid of aged used cars and unwanted trade-ins had to take them to a local auction. But now auctions are being challenged by start-ups that offer alternative ways to wholesale used vehicles.... Read More »

Porsche taps Cox unit to help manage off-lease portfolio

11:27 am U.S. ET | April 6, 2015

Porsche Cars North America Inc. has tapped a Cox Automotive software platform company to help it manage its off-lease portfolio.... Read More »

CarMax will step up store-opening pace

3:46 pm U.S. ET | April 2, 2015

CarMax said will open 13 to 16 new used-only stores each of the next three fiscal years, starting with the one that began March 1. That is up from the 10 to 15 stores a year it has opened since the recession.... Read More »

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GM's Barra: Tapping into ideas from Silicon Valley

GM's Barra: Tapping into ideas from Silicon Valley

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