Automotive News Used Vehicles News Feed News, blogs and commentary from the leader in North American automotive news en-us Sun, 22 Jan 2017 06:00:00 EST Rising used-vehicle supply seen pushing prices down in 2017 Tue, 10 Jan 2017 17:19:22 EST Used-vehicle prices could this year as the number of off-lease and other used vehicles is slated to increase, said Tom Webb, Cox Automotive's chief economist. CPO buyers stay loyal, study finds Fri, 6 Jan 2017 14:23:56 EST Certified pre-owned vehicle owners who buy another CPO vehicle down the line tend to stay loyal to the same brand, Experian Automotive found in a new study. Used-car trade networks seek to drive wholesalers out Mon, 26 Dec 2016 00:01:00 EST Traditional auto auctions are being challenged by used-car trade networks that allow dealers to buy and sell vehicles on their mobile devices. Remarketers brace for surge in volume Mon, 26 Dec 2016 00:01:00 EST Industry executives insist they're ready to deal with higher volumes of used vehicles in 2017, and they are taking steps to head off pinch points in the smooth flow of those higher volumes to dealerships. Incentives, excess new-car inventory, put a drag on used vehicle values Wed, 7 Dec 2016 15:13:42 EST An increase in new-car incentives and 'channel stuffing' -- excess new-vehicle inventory on dealers' lots -- caused used-vehicle prices to slip 1 percent in November, according to one closely watched used-vehicle price index released... Beepi merges with mobile car-buying platform co-founded by Scott Painter Wed, 7 Dec 2016 16:10:23 EST Beepi Inc., an online used-vehicle marketplace, has merged with, an upcoming mobile car-buying platform founded by former TrueCar CEO Scott Painter and two other industry veterans. AutoNation's about-face draws fire from 2 Senate Democrats Tue, 6 Dec 2016 15:42:18 EST A duo of Senate Democrats who've introduced legislation aimed at preventing the sale of used vehicles with unrepaired safety recalls blasted AutoNation Inc.'s reversal of its 16-month ban on the sale of such vehicles at its dealerships. Penske to expand used-car stores Mon, 5 Dec 2016 00:01:00 EST Penske Automotive Group has launched its own line of standalone used-car stores with the planned purchase of CarSense, which owns five used-only stores in the Philadelphia, Pittsburgh and southern New Jersey. Texas auto auction company acquired by Capital Partners for XLerate Group Fri, 2 Dec 2016 17:30:21 EST Huron Capital Partners, a Detroit investment group, has acquired a Texas-based auto auction for one of its portfolio companies, the Indianapolis-based XLerate Group, which runs online and onsite auto auctions. Penske acquires used-only dealership group Thu, 1 Dec 2016 12:45:56 EST Penske Automotive Group is adding used-only vehicle dealerships. AutoNation to leap into auction business Mon, 28 Nov 2016 00:01:00 EST AutoNation is getting into the auction business in a much bigger way with plans to open four AutoNation-branded auto auctions over the next two years, going to five sites from one now. CarMax expands used-car store footprint Mon, 28 Nov 2016 00:01:00 EST CarMax, extending its lead over other publicly held auto retailers entering the stand-alone used-car store market, continues its expansion, opening its first store in Michigan this month. Store No. CPO sales boost F&I profits more than non-CPO used sales Wed, 23 Nov 2016 11:15:00 EST In an industry where some indicators are starting to turn negative, certified pre-owned sales can help to boost not only overall sales and customer service loyalty but FandI profits as well, experts say. CPO has room to grow, but awareness lags Mon, 21 Nov 2016 00:01:00 EST Off-lease vehicle volume is growing faster than CPO sales, leaving room for those sales to grow, remarketing analysts say. But they add that greater consumer awareness of certified programs is needed for those sales to reach their potential. Dealers undercharge for CPO vehicles, study finds Tue, 15 Nov 2016 09:00:00 EST Dealers underestimate how much extra consumers are willing to pay for a used vehicle that is certified, a new study found. FTC adds seven revisions to Used Car Rule Thu, 10 Nov 2016 17:00:33 EST The Federal Trade Commission has updated its Used Car Rule, implementing seven revisions that cover a variety of necessary disclosures, the commission said on Thursday. ADESA, Manheim refocus on physical auctions in Chicago Mon, 31 Oct 2016 00:01:00 EST The physical auction business in the Chicago area promises to be more competitive and a lot more interesting as the nation's two auction titans gear up to go head-to-head in that market. Retired rental supply to stay flat amid off-lease surge Mon, 31 Oct 2016 00:01:00 EST The overall volume of retired rental-fleet vehicles should be flat over the next several years, in sharp contrast to the expected surge in off-lease vehicles, forecasters say. Auction association keeps safety first Mon, 31 Oct 2016 00:01:00 EST Safety is serious business at auctions. So serious that Jerry Hinton, general manager of ADESA Portland in Portland, Ore. Reynolds invests in online used-car trade network Mon, 24 Oct 2016 13:07:24 EST Dealership software giant Reynolds and Reynolds has taken a minority, yet 'significant' stake in the Appraisal Lane, a startup online used-car trade network. No October surprises for this used-vehicle price watcher Fri, 7 Oct 2016 15:39:32 EST Going into 2016, there were widespread expectations that the influx of off-lease cars and trucks hitting the market would ding used-vehicle values. But that hasn't really happened. So will used prices fall in the fall? Lenders overlook key remarketing data, study finds Wed, 28 Sep 2016 11:45:00 EST Most auto lenders surveyed by Black Book said remarketing is a top strategy for handling lease returns, but few are making use of residual data, deemed key to developing an effective remarketing strategy. Beepi enters market for older used cars Mon, 26 Sep 2016 00:01:00 EST Beepi, an online used-car marketplace that competes with dealerships, is looking to expand into older used cars. The new service, called Beepi Blue, will buy those cars from private individuals and sell them at wholesale auctions. Kia expects big boost in CPO Mon, 26 Sep 2016 00:01:00 EST Kia expects to sell 75,000 CPO units this year. More off-lease vehicles, more CPO listings online and more full-time CPO reps calling on dealers can make that happen, said Kia's manager of CPO and remarketing. Growing CPO volume offers F&I opportunities Mon, 12 Sep 2016 00:01:00 EST Certified pre-owned sales are growing, giving FandI managers a fresh opportunity to offer warranty wraparounds, service contracts and appearance products that keep vehicles in like-new condition. Will prime buyers dent service plans? Mon, 12 Sep 2016 00:01:00 EST Consumers' trend toward used cars, especially certified pre-owned, could eventually slow the growth in sales of extended service contracts. Waiting for used-vehicle prices to fall? Not yet Thu, 8 Sep 2016 15:10:42 EST Used-vehicle prices, drawing strength from dealers' efficient used-car operations and higher new-vehicle transaction prices, continue to defy the gravitational pull of a growing supply of off-lease vehicles. Dealertrack, F&I Express team up Wed, 7 Sep 2016 11:30:00 EST Dealertrack and FandI Express have partnered to offer dealerships connections with more than 130 FandI product providers. Lexus leads in converting CPO shoppers Mon, 29 Aug 2016 00:01:00 EST Lexus dealerships do the best job of converting shoppers who consider certified used vehicles into CPO buyers. Used-car shops, by the numbers Mon, 29 Aug 2016 00:01:00 EST The NIADA Used Car Industry Report 2016 offers multiple insights into the used-only stores that franchise dealerships' used-vehicle departments compete with daily. Avis taps into TrueCar for used-car sales Mon, 29 Aug 2016 00:01:00 EST A partnership between Avis Budget and TrueCar is helping the rental-car company sell more retired rental cars directly to consumers for more money than it can get from selling the vehicles at traditional auto auctions. Louisiana flooding takes toll on dealerships' employees Mon, 22 Aug 2016 00:01:00 EST As floodwaters slowly recede in the area around Baton Rouge, La., auto dealerships are trying to do business with a limited number of employees, many of whom are dealing with losses of their own. Where's that used-vehicle price plunge? Mon, 22 Aug 2016 00:01:00 EST After used-vehicle prices went up steadily over the last few years, forecasters agreed that those prices would fall in 2016. But that hasn't happened -- yet. Here's why. Eying the link between new, used prices Mon, 22 Aug 2016 00:01:00 EST Anything that reduces the prices of new vehicles also reduces the prices of used vehicles. That's why used-price forecasters have their eye on rising new-vehicle incentives. 'Moderate' number of damaged vehicles expected from Louisiana flooding Tue, 16 Aug 2016 11:01:20 EST As rivers across much of southern Louisiana slowly recede from record high levels, it remains unclear how many vehicles have been damaged or destroyed because of flooding. Used-car prices start to soften Mon, 15 Aug 2016 00:01:00 EST After showing strength in the first half of the year, used-vehicle prices are beginning to soften. Cox Automotive: A 'house of brands' becomes a retail powerhouse Mon, 8 Aug 2016 00:01:00 EST Seemingly overnight, Cox Automotive has burst on the scene as a broad dealer-services provider that touches three out of four vehicle transactions in some way. Cox allows competition among subsidiaries Mon, 8 Aug 2016 00:01:00 EST Stockwave, an auction software, goes after the vehicles that best fit a dealership's needs, even if those vehicles are at Manheim's competitors. ADESA buoys KAR Auction Services Q2 results Thu, 4 Aug 2016 11:46:10 EST Auction site acquisitions and an influx of off-lease vehicles lifted second-quarter profits, revenue and unit sales at ADESA. Enterprise does more than rent cars -- and now its ads say that Wed, 3 Aug 2016 11:07:05 EST Enterprise doesn't want to just pick you up. It wants to sell you a car, too. Even though the rental car giant has been selling vehicles since 1962, that side of its business has been mostly absent from its TV advertising. That will change this week. NextGear Capital will finance vehicle purchases at CarMax auctions Wed, 27 Jul 2016 12:31:54 EST NextGear Capital will finance dealers' purchases of used vehicles at CarMax's 68 auction locations starting Aug. 8. Store expects its used-car leasing to grow Mon, 25 Jul 2016 00:01:00 EST Dealer Wes Lutz took used-vehicle leasing into his own hands. He offers his customers leases on late-model used cars and trucks that, in some cases, can cut payments in half compared with purchasing a new vehicle of the same make and model. Toyota CPO surge boosts sales industrywide Mon, 25 Jul 2016 00:01:00 EST Industrywide first-half CPO sales grew 4 percent, according to data compiled by the Automotive News Data Center. Toyota division helped to lift the total, as its CPO sales climbed 15 percent. No auctions for this used-car manager Mon, 25 Jul 2016 00:01:00 EST A pre-owned sales manager at a Buick-GMC dealership in Ohio pays staffers $200 when they find the vehicles he wants. Can Uber and Lyft ease used-car glut? Sun, 10 Jul 2016 00:01:00 EST Leasing cars to Lyft and Uber could give automakers another much-needed outlet to help manage an expected influx of late-model used cars.