Automotive News Used Vehicles News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Mon, 19 Nov 2018 06:00:00 EST KAR reports 23% rise in net income http://www.autonews.com/article/20181108/RETAIL07/181109776/kar-reports-23-rise-in-net-income Thu, 8 Nov 2018 10:25:33 EST The auction services and technology company's core businesses helped offset continued costs associated with its rollout of TradeRev. Why Lithia is investing $54 million into a used-car startup http://www.autonews.com/article/20180913/RETAIL/180919861/lithia-deboer-used-car-startup-investment Thu, 13 Sep 2018 08:01:00 EST Lithia Motors is investing $54 million into online used-car buying startup Shift Technologies. The money will help Shift expand technologically and geographically. Hertz and Avis Budget selling fewer rentals at auctions http://www.autonews.com/article/20180827/RETAIL04/180829870/auctions-rental-vehicles-hertz-avis-budget Mon, 27 Aug 2018 00:01:00 EST The volume of retired rental vehicles headed for auctions is steadily on the decline. Sales of certified pre-owned vehicles on the rise in first half of 2018 http://www.autonews.com/article/20180730/RETAIL04/180739977/cpo-sales-2018 Mon, 30 Jul 2018 00:01:00 EST Industry sales of certified pre-owned vehicles bounced back in the first half, rising 3.3 percent, after a flat performance in 2017. Manheim's car and truck auctions improve for buyers and sellers with high-tech changes http://www.autonews.com/article/20180625/RETAIL04/180629928/car-truck-auction-manheim-technology Mon, 25 Jun 2018 00:01:00 EST Manheim has wrapped up a three-year, $100 million high-tech makeover of its physical auctions, re-engineering every process and replacing old technology. Small used-car prices rise unexpectedly http://www.autonews.com/article/20180618/RETAIL/180619765/small-used-car-prices Mon, 18 Jun 2018 00:01:00 EST Prices for small used cars are climbing to unexpected levels- a sign that demand is growing as price-sensitive consumers face dwindling options in the new-car market. ADESA's bold bid to revamp auto auctions http://www.autonews.com/article/20180618/RETAIL04/180619824/adesa-kar-auction-upstream Mon, 18 Jun 2018 00:01:00 EST ADESA is aggressively enhancing its online auctions -- through technology, analytics and machine learning -- in an effort to maintain its lead in private-label sales. Online auction ACV well past startup phase http://www.autonews.com/article/20180528/RETAIL04/180529853/acv-online-auto-auction-startup Mon, 28 May 2018 00:01:00 EST The sale of a 2017 Mercedes-Benz G550 for $239,500 in late April shows how ACV Auctions, an app-enabled dealer-to-dealer auction platform, has matured. Mercedes website to offer Sixt retired rentals http://www.autonews.com/article/20180527/RETAIL04/180529851/mercedes-benz-sixt-mbondemand Sun, 27 May 2018 00:01:00 EST German car-rental company Sixt is the first third-party seller integrated into MBonDemand, a Web-based platform for sales of used Mercedes-Benz vehicles. Used-car retailer Carvana Q1 net loss expands http://www.autonews.com/article/20180510/RETAIL/180519976/carvana-q1-earnings-losses-vending-machine Thu, 10 May 2018 13:53:32 EST Online used-car retailer Carvana's first-quarter net loss widened to nearly $53 million, while revenue and vehicle sales both more than doubled to records. Used car wholesalers are evolving to stay in the game http://www.autonews.com/article/20180430/RETAIL04/180439996/used-car-dealers-wholesalers Mon, 30 Apr 2018 00:01:00 EST The auction industry is likely to see fewer traditional wholesalers going forward, but they are evolving into online and smartphone app-based operations. Used-car auction onboard the USS Midway http://www.autonews.com/article/20180423/RETAIL04/180429953/used-car-auction-midway Mon, 23 Apr 2018 00:01:00 EST It was all hands on deck for an auction of used Lexus and Toyota vehicles on the retired aircraft carrier USS Midway. Physical used-car auctions have an online role http://www.autonews.com/article/20180423/RETAIL04/180429984/adesa-manheim-used-car-auctions Mon, 23 Apr 2018 00:01:00 EST Online auctions will continue to make inroads, but physical sites remain a necessity, a study prepared for the National Auto Auction Association found. Used-car retailer Shift partners with Cox's Manheim http://www.autonews.com/article/20180404/RETAIL/180409848/used-car-retailer-shift-partners-with-cox-manheim Wed, 4 Apr 2018 11:43:05 EST Shift Technologies, an online used-car retailer, is partnering with Manheim for services such as vehicle storage, reconditioning, imaging and inspections. Small cars, big interest -- for now http://www.autonews.com/article/20180402/RETAIL05/180409967/small-cars-auction-buyers Mon, 2 Apr 2018 00:01:00 EST Used small cars drew lots of buyers at auctions March 16-23, pushing prices up the most in two years, as used-car dealers loaded up ahead of tax season. Auction group guidelines target safety in the lanes http://www.autonews.com/article/20180326/RETAIL04/180329908/auction-group-guidelines-safety-lanes Mon, 26 Mar 2018 00:01:00 EST The National Auto Auction Association's new safety guidelines are aimed in part at preventing dealership employees from distracting drivers in the lanes. 2 Florida stores say digital tags boost efficiency, streamline sales process http://www.autonews.com/article/20180326/RETAIL07/180329909/digital-tags-boost-efficiency-sales Mon, 26 Mar 2018 00:01:00 EST Digital price tags for vehicles bolster the one-price, no-haggle policy at two Florida Audi dealerships and shorten the buying process for customers. AutoNews Now: How auto industry can lose its sexist image http://www.autonews.com/article/20180324/VIDEO/303249996/autonews-now-how-auto-industry-can-lose-its-sexist-image Sat, 24 Mar 2018 14:00:00 EST At NADA: How auto industry can shed its sexist image; Carvana's big challenge; A virtual aide named Nexi; Leadership tips from legendary football coach Nick Saban. Audi to tweak CPO program to boost dealer profitability http://www.autonews.com/article/20180323/RETAIL06/180329776/audi-to-tweak-cpo-program-to-boost-dealer-profitability Fri, 23 Mar 2018 18:20:00 EST Audi in the next 60 days plans to tweak to its certified pre-owned vehicle program to help improve dealer profitability, Audi of America President Scott Keogh told Automotive News. Find a CPO hatchback online? Not so easy http://www.autonews.com/article/20180319/RETAIL07/180319834/frustrations-in-finding-cpo-hatchback-online Mon, 19 Mar 2018 00:01:00 EST A online search for the perfect CPO hatchback quickly turned into a technological nightmare, including accusations of attempted fraud. Mercedes-Benz pushing CPO sales http://www.autonews.com/article/20180312/RETAIL01/180319966/mercedes-benz-certified-sales-off-lease Mon, 12 Mar 2018 00:01:00 EST As the number of vehicles coming off lease rises, Mercedes is incentivizing dealerships and consumers to push certified preowned sales. Carvana's Q4 net loss widens to $47.2 million http://www.autonews.com/article/20180307/RETAIL/180309562/carvana-q4-losses-widen-used-cars Wed, 7 Mar 2018 16:38:14 EST Carvana's fourth-quarter net loss widened, while strong sales and revenue growth failed to match the retailer's prior guidance to Wall Street, which was not amused. Hyundai will list all CPO vehicles on Carfax http://www.autonews.com/article/20180306/RETAIL/180309600/hyundai-carfax-cpo-used-marketing Tue, 6 Mar 2018 18:01:54 EST Hyundai Motor America will start posting all of its dealerships' certified pre-owned vehicles for sale on Carfax's used-vehicle listings. More off-lease crossovers could hurt new-vehicle sales http://www.autonews.com/article/20180226/RETAIL04/180229931/off-lease-vehicles-sales Mon, 26 Feb 2018 00:01:00 EST Dealers will have more used SUVs and crossovers to sell in 2018, but the greater supply coming off lease may also squeeze margins and volume on vehicles. Net soars at ADESA's parent on tax gains http://www.autonews.com/article/20180220/RETAIL04/180229975/net-soars-at-adesas-parent-on-tax-gains Tue, 20 Feb 2018 17:50:57 EST Net income at KAR Auction Services, ADESA's parent, soared in the fourth quarter because of a special gain related to the changes in federal corporate taxes.