Truck Sales

Ford seen as ‘canary’ with record leases spurring used-car glut

A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016, according to J.D. Power. The fallout has already begun, with Ford shaving $300 million from its financial-services arm’s profit forecast for this year.

 

Wal-Mart, CarSaver will sell cars

UPDATED: 1/23/17 12:31 pm ET

Wal-Mart Stores, the nation's largest retailer, is jumping into car sales through partnerships with dealership groups, including AutoNation, the nation's largest new-vehicle retailer, and with CarSaver, an online auto retail platform.

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