Too many used cars? Lease themSat, 16, Apr 2016
To cope with an industrywide flood of 3.1 million off-lease vehicles returning to the market this year, some captives and other lenders are offering leases on used and certified pre-owned vehicles.
EchoPark will expand to Texas and the CarolinasSat, 09, Apr 2016
Sonic Automotive will break ground on about two dozen new EchoPark used-vehicle stores in Texas, North Carolina and South Carolina beginning late this year or early in 2017. It will be the first major expansion of the fledgling network of stores.
1 million used-sales year for CarMaxMon, 11, Apr 2016
CarMax Inc., for the first time in its history, sold more than 1 million used vehicles, retail and wholesale combined, in a single fiscal year. The used-vehicle retail specialist also said it expects to open 15 new stores in the fiscal year that began March 1.
Used-vehicle prices tumble for 3rd straight monthThu, 07, Apr 2016
Used-vehicle prices fell in March for the third consecutive month, with every vehicle segment taking it on the chin except pickups, according to the Manheim Used Vehicle Value Index.