Used Vehicle

VW offers dealers a price guarantee on used diesel vehicles

1:30 pm U.S. ET | Oct. 30, 2015

Volkswagen of America, seeking to contain the damage from its emissions scandal, will offer to buy back some used diesel vehicles from its U.S. dealers at pre-crisis prices....
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Price drops on used VW diesels gather speed

12:01 am U.S. ET | Oct. 26, 2015

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....
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Germany wants your Bimmer

12:01 am U.S. ET | Oct. 5, 2015

A Cox Automotive unit ships more used BMWs to Germany than any other overseas market. Here's a look at some of the peculiarities of the used-vehicle export business....
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No more 'distracted walking' in the lanes

12:01 am U.S. ET | Sept. 28, 2015

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....
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Devastation and determination: Memories of Katrina

12:01 am U.S. ET | Sept. 28, 2015

Mike Browning, the newly installed president of the National Auto Auction Association, recalls heartbreaking and heartwarming moments following Hurricane Katrina. Browning was the general manager of Manheim New Orleans when the storm hit in August 2005....
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'More questions than answers' on used-VW prices

12:01 am U.S. ET | Sept. 26, 2015

Massive recalls of Toyota and GM vehicles since 2009 produced no long-term damage to those companies’ used-vehicle values. But it’s too early to tell how VW’s diesel scandal will affect its vehicles’ prices at auction...
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Used-car dealers in Calif. sue VW over diesel emissions

5:22 pm U.S. ET | Sept. 24, 2015

Independent, used car dealerships sued Volkswagen AG in California on Thursday over losses they say they will incur following revelations that the company fitted some diesel models with software to cheat on U.S. vehicle emissions tests....
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Pontiac Aztek gains traction with millennials from 'Breaking Bad' role

9:00 am U.S. ET | Sept. 9, 2015

Several discontinued vehicle models, including the Pontiac Aztek -- well known for its spot atop many lists of the ugliest vehicles ever and for its role in AMC's “Breaking Bad” TV series -- are finding new life on the used-car market thanks to millennial buyers, an Edmunds.com analysis found....
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Average age of U.S. fleet hits record 11.5 years, IHS says

7:00 am U.S. ET | July 29, 2015

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....
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EDITORIAL

All states must get on board to close title-washing spigot

12:01 am U.S. ET | July 20, 2015

A critical tool in preventing vehicle title-washing fraud can't work as intended because some states don't participate. States should link into the federal vehicle title-checking system to protect motorists' lives and pocketbooks....
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JAMES B. TREECE

BLOG: Startups just keep coming in the used-car market

7:14 am U.S. ET | July 9, 2015

In case you missed it, this week brought more reminders that the used-car market is in flux....
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Used-vehicle prices rise after 4 down months, Manheim says

2:55 pm U.S. ET | July 8, 2015

Wholesale prices of used vehicles in June were up slightly after four consecutive months of decline, the Manheim Used Vehicle Value Index released today shows....
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Trouble selling grandma's cars sowed seed for $1 billion startup

6:35 am U.S. ET | July 7, 2015

Auto1 values and buys used cars from individual sellers based on its own inventory and that of dealerships and manufacturers that use its platform. It then sells them on for a higher price to dealerships....
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J.D. Power completes NADA car guide purchase

2:37 pm U.S. ET | July 1, 2015

J.D. Power completed its acquisition of NADA's Used Car Guide today after receiving approval from U.S. regulators....
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No seat unturned in flood-damage search

12:01 am U.S. ET | June 29, 2015

Since torrential downpours hit Houston in late May, Bob Sluss has been extra vigilant about leaving no stone - or seat - unturned when appraising used vehicles. Sluss has seen a spike in trade-ins with water damage that was not disclosed by their owners....
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CarMax makes big plans for smaller markets

12:01 am U.S. ET | June 29, 2015

CarMax Inc. plans to expand its reach by opening smaller stores in smaller markets, said CEO Tom Folliard. He said the used-vehicle powerhouse has identified at least 80 markets that will support stores that are downsized from typical CarMax outlets....
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CarMax average retail selling price dipped 1.6% in Q1

1:09 pm U.S. ET | June 19, 2015

The average retail selling price of a CarMax used vehicle dropped 1.6 percent to $19,851 in the company's fiscal first quarter that ended May 31....
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Echopark stores' iPad strategy reaps F&I results

12:01 am U.S. ET | June 8, 2015

Sonic Automotive Inc.'s three new used-vehicle stores in the Denver area are getting strong F&I results. The three stores together average nearly $1,000 per vehicle on sales of extended service contracts, guaranteed asset protection and other add-on items. That's despite having no dedicated F&I officers and using a one-price, one-salesperson process....
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Texas floods may yield 10,000 damaged vehicles

9:54 am U.S. ET | June 5, 2015

As many as 10,000 vehicles may have been damaged in last month’s catastrophic Texas floods, and some could be resold out of state to unsuspecting buyers, according to a group that works to prevent insurance fraud....
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J.D. Power to buy NADA Used Car Guide

1:00 pm U.S. ET | May 28, 2015

The National Automobile Dealers Association has agreed to sell an 82-year-old institution, its Used Car Guide business, to J.D. Power. The deal is expected to yield shared cost savings and lead to more comprehensive data and new products....
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Tesla starts small with CPO program

12:01 am U.S. ET | May 9, 2015

Tesla is now selling CPO cars online in 11 US cities, marking the start of a used-car foray that could someday turn into a big money-maker. Tesla says it doesn't see used cars as a way to pad its margins, though that may change as used cars become a larger part of its business....
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KAR Auction Q1 net income doubles

3:11 pm U.S. ET | May 6, 2015

KAR Auction Services, parent company of ADESA, said its net income more than doubled to $54.5 million on revenues that increased 8.3 percent to $632.4 million in the first quarter....
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Whole lotta wholesalin' goin' on

12:01 am U.S. ET | April 27, 2015

Soaring new-vehicle sales for the last few years mean that used vehicles are more plentiful. Dealers have become more selective about the vehicles they stock, and more willing to wholesale the ones they cull....
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Recalled program cars vex GM, hurt profits

12:01 am U.S. ET | April 27, 2015

Late last year, General Motors decided to hold off on auctioning many of its retired rental vehicles because of depressed prices. But lower prices on the sale of program vehicles - those that the automaker took back after they were retired from rental fleets - hurt GM's first-quarter operating profit by about $400 million, the company said....
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Manheim expands its mobile auctions

12:01 am U.S. ET | April 27, 2015

Manheim is expanding its mobile auction business, which the company says could grow to 20 percent of its revenues eventually from less than 5 percent today....
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