Used Cars

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 »

NYC aims to remove dealers as middlemen on used-car loans

11:00 am U.S. ET | April 1, 2015

The City of New York is campaigning to remove dealer reserve from used-vehicle financing. And it's enlisting lenders' help to do it.... Read More »

DAVE GUILFORD

BLOG: Cox's Schwartz urges 3 dealer changes

5:15 pm U.S. ET | March 31, 2015

Sandy Schwartz has been campaigning this year with a stump speech that drives home a simple message: Dealers have to change the way they do business, and today's good times represent an opening to do so.... Read More »

ARLENA SAWYERS

BLOG: Bidding goodbye to Black Book's Beggs

2:34 pm U.S. ET | March 31, 2015

After 34 years at Black Book, Ricky Beggs is retiring on April 1. That such a fixture of the used-car world would retire seems like an April Fools’ joke. But it’s not; he’s really retiring.... Read More »

JAMES B. TREECE

BLOG: Care about new-car sales? Keep an eye on CPO sales

12:53 pm U.S. ET | March 30, 2015

Can the robust CPO market handle the rising tide of used-vehicle supply? That's one of the critical questions facing everyone in the used-car market -- and the new-car market, too.... Read More »

Revamp of CPO program pays off for Fiat Chrysler

12:01 am U.S. ET | March 30, 2015

Fiat Chrysler's retooled certified used-vehicle program is paying off, said Eric Swanson, FCA US senior manager of certified pre-owned vehicle sales. The company added about 150 dealers to the CPO fold in 2014, for a total of 1,404, and expects to add 100 or more this year.... Read More »

Leases to get more expensive, ALG says

12:01 am U.S. ET | March 28, 2015

Low-cost monthly auto leases will become more expensive over the next couple of years, predicts ALG President Larry Dominique. That's because the supply of used light vehicles -- especially those 3 to 5 years old -- returning to the market will rise significantly, lowering used-vehicle prices and residual values to prerecession levels.... Read More »

Fewer photos prevents 'image fatigue,' used-car shopper report says

4:04 pm U.S. ET | March 24, 2015

Too many photos in online used-vehicle listings can cause “image fatigue” for consumers, a study released today found. The optimal number? Nine.... Read More »

Calif. recall bill would tighten used-car loopholes

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

California lawmakers are considering potentially precedent-setting legislation designed to protect consumers from unknowingly buying used vehicles that have been recalled but not repaired.... Read More »

Ford's new F-150 gets resale boost from fuel economy

10:26 am U.S. ET | March 12, 2015

The resale value of Ford's new 2015 F-150 pickup jumped more than 11 percent over last year's model as improved fuel efficiency outweighed concerns over repair costs for its aluminum body, according to TrueCar's ALG division.... Read More »

NICK BUNKLEY

BLOG: Why the F-150 pricing 'gravy train' will eventually slow down

3:35 pm U.S. ET | March 12, 2015

Even Ford executives admit being surprised at how fast transaction prices on pickups keep rising. Not that they're complaining, of course.... Read More »

Auction changes meet hurdles as coalition breaks

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

For two years, the hottest topic in the auto-auction world has been multiplatform selling: A vehicle listed on one company's online auction would show up on rivals' platforms as well, allowing buyers to bid across those competing platforms until the sale is done. But that dream is now in danger.... Read More »

Manheim offers a la carte services

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

Manheim, the nation's largest auto auction company, is unbundling services that it had offered only on vehicles that dealers bought or sold through its auctions. The company will offer vehicle acquisition, inspection, reconditioning, transportation and other services a la carte.... Read More »

Report: Prices of used cars to tumble as supply rises

12:01 am U.S. ET | March 2, 2015

Prices of used cars and light trucks up to 5 years old will drop 3 to 4.5 percent this year, fueled by a rising supply of the vehicles and an increase in off-lease volume.... Read More »

ADESA bows out of multiple platform auction sales

7:52 pm U.S. ET | Feb. 23, 2015

After investing nearly two years and “several million dollars” to help create online auction selling across multiple platforms, ADESA is bowing out, said Peter Kelly, president of ADESA's corporate sibling in charge of digital services.... Read More »

Salvage auction does a bang-up business

12:01 am U.S. ET | Feb. 23, 2015

Salvage auto-auction company Insurance Auto Auctions Inc., sibling to auction giant ADESA, has been on a growth spurt since December 2013. In that time, it has opened, acquired, reopened, moved or expanded sites in 13 markets. The moves were necessary to meet the demand of quickly disposing of wrecked vehicles, says CEO John Kett.... Read More »

VW sees 'banner year' for certified-used sales

12:01 am U.S. ET | Feb. 23, 2015

Volkswagen division's certified used-vehicle sales rose 17 percent last month to 7,675. It was the brand's best certified used-vehicle sales for a January and the beginning of a "banner year," said Michael Ashton, VW's senior manager of CPO and used-vehicle operations.... Read More »

Black Book's Beggs to retire April 1

3:33 pm U.S. ET | Feb. 17, 2015

Ricky Beggs, senior vice president and editorial director for Black Book, will retire April 1, the company said today.... Read More »

AutoWeb sells Web traffic -- but it's not stopping there

11:56 am U.S. ET | Feb. 14, 2015

There’s another Web traffic source for dealers to use. Miami-based AutoWeb is an online search company that allows dealers to see which vehicles potential shoppers are interested in.... Read More »

Honda shines in Best Cars for the Money awards

12:01 am U.S. ET | Feb. 11, 2015

Honda claimed nearly a third of US News & World Report's 2015 Best Cars for the Money awards, leading a pack of mostly import winners.... Read More »

JIM HENRY

BLOG: Auto lenders cite discipline with U.S. sales booming

11:00 am U.S. ET | Jan. 28, 2015

“Discipline” was the watchword for auto lenders in panel discussions and interviews in and around the National Automobile Dealers Association convention.... Read More »

Exec: Enterprise holds steady on program cars

12:01 am U.S. ET | Jan. 26, 2015

Unlike its two closest competitors, Hertz Corp. and Avis Budget Group Inc., Enterprise Holdings is not increasing the percentage of its 2015 fleet filled by program cars, vehicles for which the automaker takes responsibility for remarketing, said the executive in charge of the company's vehicle acquisitions.... Read More »

Automotive News Cover
News by Brand