Used Vehicle

URGENT STRATEGIES

Retailers want piece of huge used-car market

12:01 am U.S. ET | May 26, 2014
The used-car business is hot, prompting franchised new-car dealers across the nation to pay more attention than ever to their used-vehicle operations, in some cases opening used-only stores....
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Sonic, Asbury's paths to stand-alone used-car stores diverge

12:01 am U.S. ET | May 26, 2014
When it comes to stand-alone used-car stores, Asbury Automotive Group Inc. is dipping its toe in the water while Sonic Automotive Inc. is jumping in....
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U.S. dealership employment tops 1 million for first time since '08, NADA says

6:00 am U.S. ET | May 22, 2014
Dealerships in the United States employed more than 1 million people in 2013, the first time the industry has topped that threshold since 2008, early in the recession....
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Used-vehicle prices rise on strong retail demand, fewer off-rental units

9:33 am U.S. ET | May 8, 2014
Strong retail demand for used vehicles helped lift wholesale prices of used cars and trucks in April, defying market expectations, the nation's largest auction company said....
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THE GM RECALL

Chevy dealer in Arizona being probed for sale of recalled car

11:57 am U.S. ET | May 6, 2014
A suburban Phoenix Chevrolet dealership is under federal investigation, accused of selling a recalled car without doing repairs that General Motors ordered last year....
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Black Book replaces KBB as Cars.com's used-vehicle value provider

3:26 pm U.S. ET | April 28, 2014
Black Book, best known for its wholesale used-vehicle values, is now the official valuation service for Cars.com, a third-party Internet shopping site, the companies said today. Those values had been provided by Kelley Blue Book....
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Asbury's 'Q auto' stores to sell used cars

12:01 am U.S. ET | April 28, 2014
Asbury Automotive Group Inc. is joining fellow public retailer Sonic Automotive Inc. in opening stand-alone used-car stores....
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EDITORIAL

Expecting a flood of used vehicles? Learn to swim

12:01 am U.S. ET | April 28, 2014
As a drought in used-vehicle inventory is ending, dealers and automakers must prepare to change how they do business....
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Analysts: Lower used-car prices just around corner

12:01 am U.S. ET | April 28, 2014
Used-vehicle prices are expected to start dropping now and continue to do so in the near term, analysts predict, citing seasonal patterns....
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CPO sales rise 11% in 1st quarter

2:46 pm U.S. ET | April 23, 2014
Industrywide sales of certified used vehicles rose 11 percent in the first quarter from the year-earlier level, with many companies registering double-digit increases....
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Manufacturers brace for the used-car flood

12:01 am U.S. ET | April 21, 2014
A projected increase in the supply of used vehicles will be good news for U.S. dealers who have been battling a lingering effect of the recession. But it will be a double-whammy for new-car buyers: lower value on their trade-ins and less-attractive lease terms....
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What can industry do to boost leases, residuals?

12:01 am U.S. ET | April 21, 2014
Interest rates, gasoline prices, unemployment and natural disasters are among the unpredictable forces that have an impact on the economy. In turn, the economy has an impact on leasing....
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LARRY P. VELLEQUETTE

Ohio man's collection of '36 Fords going to auction

12:01 am U.S. ET | April 19, 2014
As a young man, Emery Ward Jr. fell in love in 1936 -- with a Ford. He never got over the attraction. In fact, the older he got, the more it intensified....
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Mercedes dealers in U.S. could be overwhelmed by wave of off-lease vehicles, remarketing boss says

6:18 pm U.S. ET | April 14, 2014
Mercedes-Benz USA expects its dealership network to be overwhelmed by a tsunami of off-lease vehicles at some point, forcing the brand increasingly to sell those vehicles through non-Mercedes dealers....
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New-vehicle sales driven by off-lease volume, Manheim analyst says

7:42 am U.S. ET | April 8, 2014
New-vehicle sales increases are being supported by consumers returning to the market as their vehicle leases expire, not just pent-up demand from the recession years, said Tom Webb, chief economist at Manheim....
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Prices of GM used cars unhurt by recall

12:01 am U.S. ET | March 31, 2014
Wholesale prices of General Motors vehicles with faulty ignition switches are unscathed by the highly publicized recall of the vehicles, analysts say. That's because the recalled 1.6 million 2003-07 small cars are valued at about $2,000 to $5,000 each in the wholesale market so there is little room for the prices to fall....
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NAAA, National Remarketing conferences to join in 2016

1:14 pm U.S. ET | March 24, 2014
The annual National Auto Auction Association convention and the National Remarketing Conference will merge into a single event in 2016....
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Hertz adjusts fleet, eyes more retail lots

12:01 am U.S. ET | March 24, 2014
Hertz Global Holdings has brought its rental fleet closer in line with demand and expects to sell more retired vehicles directly to consumers at company-owned dealerships, CEO Mark Frissora said....
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Auction school for dealers

12:01 am U.S. ET | March 24, 2014
ADESA Inc. has mobilized as many as 300 employees to teach dealers, in some cases one-on-one, how to buy used vehicles on its adesa.com online platform, the top executive at ADESA's parent company says....
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Recession's lessons boost used-car sales

12:01 am U.S. ET | March 24, 2014
Mike Cimino, vice president of Phil Long Dealerships in Colorado Springs, Colo., says his group has made a lot of changes in the way it runs its used-vehicle department in recent years....
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VW, DealerMatch create dealer marketplace online

12:01 am U.S. ET | March 24, 2014
Volkswagen of America and a Manheim corporate sibling have developed an online marketplace for VW dealers to buy and sell used vehicles among themselves for a flat monthly fee....
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Hertz right-sizes fleet, expects more used-car sales to consumers

6:12 pm U.S. ET | March 18, 2014
Hertz Global Holdings has trimmed its rental fleet and expects to sell more of those vehicles, when they're retired from service, directly to consumers at company-owned dealerships, its CEO said Tuesday....
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RICHARD TRUETT

How I accidentally bought a Jeep, and liked it

2:24 pm U.S. ET | March 17, 2014
I accidentally bought a mint condition 2000 Jeep Grand Cherokee Laredo a few weeks ago on the Internet. The Grand Cherokee didn't sell on eBay. But I made a low-ball offer for it offline, not expecting it to be accepted. But it was. And that's how I “accidentally” ended up with the Jeep....
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Toyota dominates CR list of best used cars with 11 models

1:03 pm U.S. ET | March 17, 2014
Consumer Reports has named its best used vehicles for the 2004-13 model years, and the Toyota family is a favorite, with 11 vehicles named to the list....
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Income tax refunds, easy credit buoy used-vehicle prices

3:16 pm U.S. ET | March 7, 2014
Used-vehicle prices, bolstered by consumers using their income tax refunds to buy used cars and trucks, rose 0.8 percent in February from January and 1.1 percent from February 2013, the Manheim Used Vehicle Value Index showed today....
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Calif. dealer champions chaplain services

Calif. dealer champions chaplain services

Calif. dealer Bill Hoehn has something few retailers have: A full-time chaplain. The chaplain provides care and support for employees, is available 24/7 for crisis needs and even presides over weddings. Mon., September 22
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