Used Cars

Want to relive the 1990s? Just hit the road

12:01 am U.S. ET | June 23, 2014
You'd think the number of really old vehicles on the road would come down given all that "pent-up demand" that has been released in the past couple of years. Not so, according to Experian.... Read More »

 

Strong new-vehicle sales bode well for auctions

12:01 am U.S. ET | June 23, 2014
National Auto Auction Association member auctions increased their sales of used cars and trucks 4 percent to 8.2 million in 2013 as the number of vehicles entering their auctions increased 4 percent to 15.2 million.... Read More »

 

Auction companies think outside the block

12:01 am U.S. ET | June 23, 2014
Auction companies are crafting ways for large dealership groups to buy and sell used vehicles more efficiently online and off.... Read More »

 

Dealer doesn't charge for powertrain warranty for now

12:01 am U.S. ET | June 11, 2014
Rick Case Automotive Group is offering a 10-year/100,000-mile powertrain warranty on some used cars and trucks, excluding those covered by manufacturer certification. But it is not charging a premium for those vehicles -- at least not yet.... Read More »

 

Used-vehicle prices dipped in May, but pickup prices edged up

2:35 pm U.S. ET | June 6, 2014
In line with seasonal patterns, overall wholesale prices of used vehicles dipped in May from April levels, but prices of used pickups rose, according to data in the Manheim Used Vehicle Value Index.... Read More »

 

Consumer awareness aids CPO sales and prices

2:22 pm U.S. ET | May 30, 2014
Certified used-vehicle sales are expected to grow this year and next year in lock step with increases in the supply of late-model used vehicles, the latest issue of Perspective, a monthly report by NADA Used Car Guide that highlights industry trends, says.... Read More »

 

Top seller CarMax watches as rivals circle

12:01 am U.S. ET | May 26, 2014
CarMax Inc. is the 400-pound gorilla of the used-car market. Now Sonic and Asbury Automotive Group Inc. are on track to open stand-alone used-car stores this year. CarMax is watching, but not all that worried.... Read More »

 

URGENT STRATEGIES

Retailers want piece of huge used-car market

12:01 am U.S. ET | May 26, 2014
The used-car business is hot, prompting franchised new-car dealers across the nation to pay more attention than ever to their used-vehicle operations, in some cases opening used-only stores.... Read More »

 

Sonic, Asbury's paths to stand-alone used-car stores diverge

12:01 am U.S. ET | May 26, 2014
When it comes to stand-alone used-car stores, Asbury Automotive Group Inc. is dipping its toe in the water while Sonic Automotive Inc. is jumping in.... Read More »

 

U.S. dealership employment tops 1 million for first time since '08, NADA says

6:00 am U.S. ET | May 22, 2014
Dealerships in the United States employed more than 1 million people in 2013, the first time the industry has topped that threshold since 2008, early in the recession.... Read More »

 

Mercedes dangles free maintenance on select pre-owned models

12:01 am U.S. ET | May 14, 2014
Mercedes-Benz USA is temporarily offering no-charge scheduled maintenance and two months’ worth of payments free for certain certified pre-owned vehicles. In the short term that takes prepaid maintenance, a finance and insurance staple, off F&I menus for some CPO units.... Read More »

 

Used-vehicle prices rise on strong retail demand, fewer off-rental units

9:33 am U.S. ET | May 8, 2014
Strong retail demand for used vehicles helped lift wholesale prices of used cars and trucks in April, defying market expectations, the nation's largest auction company said.... Read More »

 

Ally boosts used-car loans, diversifies business

12:01 am U.S. ET | May 7, 2014
Ally Financial Inc. is doing more leasing, more used-vehicle loans and more loans to dealerships with brands other than those of General Motors and Chrysler, all in line with a strategy it previously laid out.... Read More »

 

THE GM RECALL

Chevy dealer in Arizona being probed for sale of recalled car

11:57 am U.S. ET | May 6, 2014
A suburban Phoenix Chevrolet dealership is under federal investigation, accused of selling a recalled car without doing repairs that General Motors ordered last year.... Read More »

 

ADESA's online, dealer-owned vehicle sales rise

3:17 pm U.S. ET | May 6, 2014
KAR Auction Services, parent of ADESA, reported first-quarter net income fell 29 percent to $20.7 million, as revenues rose 5 percent to $583.8 million. The company attributed the fall in profits to refinancing activities.... Read More »

 

Black Book replaces KBB as Cars.com's used-vehicle value provider

3:26 pm U.S. ET | April 28, 2014
Black Book, best known for its wholesale used-vehicle values, is now the official valuation service for Cars.com, a third-party Internet shopping site, the companies said today. Those values had been provided by Kelley Blue Book.... Read More »

 

Asbury's 'Q auto' stores to sell used cars

12:01 am U.S. ET | April 28, 2014
Asbury Automotive Group Inc. is joining fellow public retailer Sonic Automotive Inc. in opening stand-alone used-car stores.... Read More »

 

EDITORIAL

Expecting a flood of used vehicles? Learn to swim

12:01 am U.S. ET | April 28, 2014
As a drought in used-vehicle inventory is ending, dealers and automakers must prepare to change how they do business.... Read More »

 

Analysts: Lower used-car prices just around corner

12:01 am U.S. ET | April 28, 2014
Used-vehicle prices are expected to start dropping now and continue to do so in the near term, analysts predict, citing seasonal patterns.... Read More »

 

CarMax is gearing up for store growth

12:01 am U.S. ET | April 26, 2014
The nation's largest used-vehicle retailer opened two used-car stores in March and plans to open 28 to 43 more by the end of February 2017. The fiscal year that ended Feb. 28 marked the first time the company's annual sales exceeded 500,000 vehicles. "We're in full swing now," says CarMax CEO Tom Folliard.... Read More »

 

CPO sales rise 11% in 1st quarter

2:46 pm U.S. ET | April 23, 2014
Industrywide sales of certified used vehicles rose 11 percent in the first quarter from the year-earlier level, with many companies registering double-digit increases.... Read More »

 

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 »

 

LARRY P. VELLEQUETTE

Ohio man's collection of '36 Fords going to auction

12:01 am U.S. ET | April 19, 2014
As a young man, Emery Ward Jr. fell in love in 1936 -- with a Ford. He never got over the attraction. In fact, the older he got, the more it intensified.... 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 »

 

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
News by Brand


Rocket Fuel