Automotive News Used Vehicles News Feed News, blogs and commentary from the leader in North American automotive news en-us Fri, 12 Feb 2016 06:00:00 EST Used-car loophole for recalls tightens up Mon, 8 Feb 2016 00:01:00 EST While a proposed federal law to close the used-car loophole is dead for now, efforts to keep unrepaired recalled vehicles out of circulation are stirring. Fiat 500L used by Pope Francis in U.S. fetches $82,000 at auction Sat, 30 Jan 2016 12:47:12 EST A tiny black Fiat 500L that carried Pope Francis through Philadelphia during his historic first visit to the U.S. was sold for $82,000 at a Friday auction. GM program 'just another channel' Mon, 25 Jan 2016 00:01:00 EST Dealers have responded warily to news that General Motors will insert itself into the used-car business, a key profit center at most dealerships. Here are details on how GM's Factory Pre-Owned Collection plan will work. Ford, Leno to auction custom Harley-Davidson F-150 Fri, 15 Jan 2016 12:49:17 EST Ford and comedian Jay Leno said they will be auctioning off a one-of-a-kind Harley-Davidson Ford F-150 later this month and donating the proceeds to National Multiple Sclerosis Society. Manheim Canada acquires 100% of partnership auction site Thu, 7 Jan 2016 15:30:41 EST Cox Automotive Canada, through its Manheim Canada operation, has acquired 100 percent ownership of Manheim Source Edmonton, in Edmonton, Alberta. The auction site has been renamed Manheim Edmonton. Lexus is flexing its CPO muscles Mon, 4 Jan 2016 00:01:00 EST Lexus, one of the pioneers in aggressively promoting certified used-vehicle sales, is raising its game. The brand re-badged its Lexus Certified program as L/Certified about two months ago. The program also got a new logo and supporting ad campaign. Hot topics, trends to watch in 2016 Mon, 28 Dec 2015 00:01:00 EST Record certified used-vehicle sales. Strong used-vehicle prices, even amid rising inventory. It was a booming year in the automotive remarketing world in 2015. Here are 10 topics and trends to watch in 2016. Army veteran's discipline cuts used-car recon time in half Mon, 21 Dec 2015 00:01:00 EST An Army vet cut vehicle reconditioning time in half at three Greenway Automotive dealerships in Orlando, which sped inventory to turn and slashed costs, by creating and adhering to strict standards and procedures. Online retailer Vroom acquires Texas Direct Auto Wed, 16 Dec 2015 12:26:00 EST Online used-car retailer Vroom said today it has acquired one of its competitors, Texas Direct Auto. The deal was approved today by the Department of Justice, a Vroom spokeswoman said. Used prices stay stronger than expected Mon, 14 Dec 2015 00:01:00 EST Despite a slight dip, wholesale used-vehicle prices last month remained robust, according to a widely watched index released last week. Used-vehicle prices dip, but remain unusually strong, Manheim index shows Mon, 7 Dec 2015 14:57:00 EST Despite a slight dip, wholesale used-vehicle prices last month remained robust, according to a widely watched index released today. Manheim realigns auction sites to better tailor dealer services Mon, 7 Dec 2015 09:00:00 EST Manheim is realigning its 79 brick and mortar auction sites into two new divisions. The change is aimed at better tailoring services for local dealers and providing more services to commercial customers and dealers. Son of auto dealer finds auctions a better fit Mon, 30 Nov 2015 00:01:00 EST When neither the new- nor used-car retail auto business fit, Ben Lange tried auto auctions on for size. Lange now oversees and owns a minority stake in the third-largest auto auction company in the country. ADESA refocuses on physical auctions Mon, 30 Nov 2015 00:01:00 EST A few years ago, technology made online used-vehicle remarketing possible. Then the recession made it a necessity. Toyota FJ Cruiser is scarce, hot and high-priced Sun, 15 Nov 2015 00:01:00 EST Toyota sold about 20,000 FJ Cruisers a year on average and about 222,000 all told in the United States. Now that they're not made anymore, they're more popular than ever. ADESA profit, revenue grow in 3rd quarter Mon, 9 Nov 2015 00:01:00 EST KAR Auction Services Inc., parent company of ADESA, reported that third-quarter net income increased 10 percent from a year earlier to $52.3 million on revenue that rose 13 percent to $666.7 million. Price drops on used VW diesels gather speed Mon, 26 Oct 2015 00:01:00 EST Prices for used Volkswagen diesels have accelerated their decline as the automaker's emissions scandal entered its second month with no definitive word from VW on its repair plans. Toyota Financial rethinks auctions Mon, 26 Oct 2015 00:01:00 EST Toyota Financial Services is expanding its use of smaller, themed local auction sales to reconnect with dealers who attend physical auctions. It's also studying ways to offer used vehicles for sale on a daily basis, similar to an eBay sale. It may be left to vendors to create cross-platform auctions Mon, 26 Oct 2015 00:01:00 EST Outside vendors, not the current online-auction giants, may take multiple platform auction sales to the next level by creating technology that will allow buyers to bid across competing platforms until the sale is done. Carfax, vAuto offer info on auction vehicles at a glance Tue, 6 Oct 2015 17:22:36 EST Carfax and vAuto have joined forces to offer dealers vehicle-history information on auction vehicles at a glance and with fewer online clicks. Cox, Dealertrack seek to reassure on prices Mon, 5 Oct 2015 00:01:00 EST Cox Automotive President Sandy Schwartz has heard dealers fret that, following Cox's $4 billion purchase of Dealertrack Technologies, the new entity will start jacking up prices. Don't worry, he says. No more 'distracted walking' in the lanes Mon, 28 Sep 2015 00:01:00 EST Mike Browning, the incoming president of the National Auto Auction Association, is taking charge of a new safety campaign designed to reduce accidents and injuries at auctions. Devastation and determination: Memories of Katrina Mon, 28 Sep 2015 00:01:00 EST Mike Browning, the newly installed president of the National Auto Auction Association, recalls heartbreaking and heartwarming moments following Hurricane Katrina. Average used-vehicle price slips below $10,000 Mon, 31 Aug 2015 00:01:00 EST The average wholesale used-vehicle price dips below $10,000 in July but demand for used vehicles, especially CPO, buoy prices compared to last year, according to ADESA. Instant online auctions save time, costs Mon, 31 Aug 2015 00:01:00 EST Need to price and sell a trade-in fast? Recently developed apps enables franchise dealers to get appraisals and purchase offers on their mobile devices or desktop computers for their used vehicles in an hour or less. . Average age of U.S. fleet hits record 11.5 years, IHS says Wed, 29 Jul 2015 07:00:00 EST The average age of light vehicles on the road in the U.S. reached a new all-time high of 11.5 years at the end of 2014, while the total light vehicles in operation hit a record 257.9 million, up 2.1 percent from 2013, IHS Automotive said today. %]