Used CarsGM poised to leap out of 'lease hole' 12:01 am U.S. ET | June 17, 2013  For nearly two years, GM dealers have been suffering through a shortage of off-lease customers. That's because leasing by GM dealers all but dried up in late 2008, amid the financial crisis, and didn't resume in earnest until mid-2010. Three years later, those first post-crash lessees are returning to Cadillac, Buick-GMC and Chevrolet showrooms.... Read More »
Certified-used Leafs coming -- but at what price? 12:01 am U.S. ET | June 17, 2013  Two years after Nissan started selling the Leaf electric vehicle, Nissan is puzzling over a new question: how to sell the car when it comes back used. Nissan hasn't offered the Leaf through its certified-used program because there weren't enough cars returning. But with the first two- and three-year leases starting to expire, Nissan plans to add the Leaf to its certified-used program this summer.... Read More »
Those nonrecalled Jeeps are too old to move wholesale prices 12:01 am U.S. ET | June 17, 2013 The vehicles are just too old. That's why the dispute between Chrysler Group and the National Highway Traffic Safety Administration over whether to recall 1993-2004 Jeep Grand Cherokees and 2002-07 Jeep Libertys is having no impact on the wholesale prices of those vehicles, dealers and used-vehicle price experts say.... Read More »
'14 GM pickups get strong projected resale values 12:01 am U.S. ET | June 17, 2013  The redesigned 2014 Chevrolet Silverado and GMC Sierra now arriving in showrooms sport sharply stronger resale values than the models they replace. ALG, a research company that monitors and projects vehicle values, assigned a forecasted residual value of 55 percent after 36 months for the crew-cab Silverado, and 56 percent for the Sierra.... Read More »
Dealers can offer free SiriusXM trial to service customers 11:05 am U.S. ET | June 13, 2013  SiriusXM Radio is launching a program this summer that allows dealers to offer a complimentary two-month SiriusXM subscription to qualifying service customers.... Read More »
Private-sale used-car site adds financing 12:01 am U.S. ET | June 10, 2013  A new auto financing capability on the PRNDL.com Web site offers private-sale used-car buyers the ability to line up financing and apply for a loan online. Easier financing for consumer-to-consumer sales could potentially take some used-car sales away from franchised dealerships.... Read More »
Used vehicle prices fall, but pickups still gain 2:15 pm U.S. ET | June 7, 2013  Used-vehicle prices dropped 4.8 percent overall last month compared with May 2012. But prices of used pickups emerged as the only segment to show a slight, year-over-year price increase, the Manheim Used Vehicle Value Index reveals.... Read More »
Experts: Used Leaf prices expected to fall 12:01 am U.S. ET | June 3, 2013 Kelley Blue Book projects that the 2013 Nissan Leaf will retain 35 percent of its sticker price after 36 months. That is 5 percentage points below the 36-month projection Kelley set at the end of 2011 for the 2012 Leaf.... Read More »
Entrepreneur's venture fills high-end niche 12:01 am U.S. ET | May 27, 2013  Early this decade, Chuck Surack realized that Fort Wayne, Ind., where he had built a sound-technology company called Sweetwater Sound, lacked a place to buy many high-end car brands. So in 2011, he refurbished a former dealership site just west of Fort Wayne's downtown -- and reopened it as SweetCars.... Read More »
Exec: Changes in Volvo program will pay off 12:01 am U.S. ET | May 27, 2013  Changes that Volvo Cars of North America made this year to its certified used-vehicle program have yet to pay off. But things are moving in the right direction, says Steve Golow, Volvo pre-owned car-line manager.... Read More »
Experian vehicle history reports to appear in AutoTrader.com starting in September 3:46 pm U.S. ET | May 23, 2013  Starting in September, dealers will be allowed to post used vehicles on AutoTrader.com with Experian Automotive's AutoCheck vehicle history reports in addition to reports from Carfax.... Read More »
Used-hybrid prices down from '12 12:01 am U.S. ET | May 20, 2013 A more crowded market of electrified and efficient gasoline-powered vehicles is pushing down prices of used hybrids. Moderating gasoline prices are hurting, too.... Read More »
U.S. used-vehicle sales drop 6% in first quarter 4:04 pm U.S. ET | May 14, 2013 Industry-wide used-vehicle sales dropped 6 percent in the first quarter of 2013 compared to the same quarter last year, according to Edmunds.com's new Used Market Quarterly Report.... Read More »
Caddy shifts warranty on certified used vehicles 12:01 am U.S. ET | May 13, 2013 Cadillac is again offering a bumper-to-bumper warranty on its certified used vehicles, a move the luxury brand says makes it more competitive with rivals' programs.... Read More »
Analysts: Used-pickup prices keep truckin' 12:01 am U.S. ET | May 13, 2013  Used-vehicle prices have peaked for 2013 and are expected to stabilize lower than in 2011 and 2012, but higher than before the recession, analysts say. They also say that strong demand for full-sized pickups will buoy prices in that segment.... Read More »
ADESA forecasts rising off-lease volume in second half of year 12:01 am U.S. ET | May 13, 2013  ADESA, the nation's second-largest used-vehicle auction company, expects an uptick in sales of off-lease vehicles, especially in the second half of the year, said the top executive at its parent company.... Read More »
Tesla hikes guaranteed residual value on Model S 4:16 pm U.S. ET | May 3, 2013  Tesla increased the guaranteed residual value of its electric Model S sedan to 50 percent after its lease-to-own period of three years. The car's guaranteed residual value had been tied to that of the Mercedes-Benz S class, which, at 43 percent after 36 months, is relatively low compared with the overall luxury segment.... Read More »
ADESA parent KAR's Q1 profit rose 12% to $29 million 10:09 am U.S. ET | May 2, 2013 KAR Auction Services, parent company of vehicle-auction company ADESA, said its first-quarter net income rose 12 percent to $29 million on a 10 percent increase in revenue, to $558 million.... Read More »
GM Financial shifts emphasis to newer cars 12:01 am U.S. ET | April 29, 2013 General Motors Financial Co. wants to change its image among franchised dealers shopping for used vehicles at auctions. So next month the captive finance company will host a sale of about 200 2010-13 GM vehicles.... Read More »
Carfax hit with $50 million antitrust lawsuit by 120 dealerships 4:25 pm U.S. ET | April 24, 2013  The owners of 120 auto dealerships have filed a federal lawsuit against Carfax, alleging that the vehicle history reporting company engages in anti-competitive practices and violates antitrust laws.... Read More »
REMARKETING Retailer CarMax targets smaller markets 12:01 am U.S. ET | April 22, 2013  CarMax Inc., the nation's largest used-car retailer, opened its first small-format store in Virginia last month and plans to open a second such store this fall in Tennessee. Those two stores could be the first of as many as 100 stores.... Read More »
REMARKETING BMW Financial expects off-lease volume to rebound 12:01 am U.S. ET | April 22, 2013  BMW Group Financial Services' off-lease volume bottomed out in 2012 and is expected to rebound by 20 percent this year.... Read More »
INFORMATION TECHNOLOGY Used-car shoppers want it all online 12:01 am U.S. ET | April 15, 2013 Dealers should post rich information online to sell used vehicles, not just new ones, according to respondents in a new study by J.D Power and Associates.... Read More »
Much of tax refunds will go for auto-related spending 10:00 am U.S. ET | April 11, 2013  A third of the consumers who received or are expecting tax refunds this year plan to sink some of that cash into vehicle-related purchases such as a new- or used-vehicle or repairs, an eBay study found.... Read More »
CarMax quarterly profit rises, but used-car sales momentum drops 9:55 am U.S. ET | April 10, 2013  CarMax, the largest retailer of used cars in the United States, reported a 13 percent gain in fourth-quarter profit, but comparable used-car sales grew at a slower pace than the previous quarter.... Read More »
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Special Report
 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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Don Davis Dealerships, Inc. -- Lake Jackson, Texas, United States - Service Manager
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