Reused Vehicle

Tesla hikes guaranteed residual value on Model S

4:16 pm U.S. ET | May 3, 2013
Tesla increased the guaranteed residual value of its electric Model S sedan to 50 percent after its lease-to-own period of three years. The car's guaranteed residual value had been tied to that of the Mercedes-Benz S class, which, at 43 percent after 36 months, is relatively low compared with the overall luxury segment.... Read More »

 

Carfax hit with $50 million antitrust lawsuit by 120 dealerships

4:25 pm U.S. ET | April 24, 2013
The owners of 120 auto dealerships have filed a federal lawsuit against Carfax, alleging that the vehicle history reporting company engages in anti-competitive practices and violates antitrust laws.... Read More »

 

How the Fed fueled an explosion in subprime auto loans

12:01 am U.S. ET | April 7, 2013
Jeffrey Nelson was able to put up a shotgun as down payment on a car. At car dealers across the United States, loans to subprime borrowers like him are surging. Subprime auto lenders are showing up in a lot of personal bankruptcy filings, too. The Federal Reserve has made it all possible.... Read More »

 

ARLENA SAWYERS

Heavy snow won’t stop auction action, NAAA president says

6:22 pm U.S. ET | Feb. 9, 2013
The roads are blocked, businesses are closed and people have hunkered down in their homes as the Northeast rides out the great blizzard of 2013. But come Monday morning auto auctions located in the snow-covered Northeast will be ready for business, predicts Paul Lips, president of the National Auto Auction Association.... Read More »

 

GM Financial taps DataScan, Openlane.com to remarket off-lease vehicles

3:44 pm U.S. ET | Nov. 14, 2012
General Motors Financial will tap DataScan Field Services and ADESA auction company’s Openlane.com to help dealerships process off-lease vehicles starting in December, the financial company said today.... Read More »

 

Hertz to divest more outlets to win approval of Dollar Thrifty deal, report says

1:50 pm U.S. ET | Nov. 12, 2012
Hertz has agreed to shed more airport locations than previously offered, which may lead the Federal Trade Commission to allow the $2.6 billion acquisition of Dollar Thrifty Automotive Group Inc. to go forward, two people familiar with the negotiations told Bloomberg.... Read More »

 

Manheim economist sees 'healthy realignment' in used-vehicle prices

12:01 am U.S. ET | Oct. 6, 2012
Used-vehicle prices are undergoing a “healthy realignment” that will continue next year with some upticks along the way, Manheim’s chief economist said Friday. After five months of declines, the Manheim Used Vehicle Value Index stood at 120.7 in September, unchanged from August but down 2 percent from September 2011.... Read More »

 

JAMIE LaREAU

Dealers stick to what works -- like selling all brands of used cars

10:07 am U.S. ET | Oct. 2, 2012
Walking past a local Chevrolet dealership a few weeks ago, I couldn’t help notice a 2009 blue Saab 9-3 sedan sitting front and center on the used-car lot. The sedan had 26,000 miles on it and a price tag of about $19,000. Despite the Chevrolet sign above it, within a few days that Saab was sold.... Read More »

 

CarMax reports flat quarterly profits as wholesale prices fall

11:49 am U.S. ET | Sept. 20, 2012
CarMax posted flat quarterly profits as sales at its wholesale unit fell and costs jumped. Net income during the second fiscal quarter was $111.6 million, or 48 cents per share, compared with $111.2 million, or 48 cents per share, a year earlier.... Read More »

 

ALG predicts used-car prices will drop 4-5% over 12 months

3:00 pm U.S. ET | Sept. 13, 2012
Average used-vehicle prices will fall 4 to 5 percent over the next 12 months, according to ALG’s Industry Report released today. In two to three years, average used-vehicle values will be 8 to 10 percent below current levels, the company, formerly known as Automotive Lease Guide, predicts.... Read More »

 

JAMIE LaREAU

Could higher speeds in Texas lead to better used-car prices?

4:22 pm U.S. ET | Sept. 11, 2012
Stretches of German autobahns have no speed limit, although they have an advised limit of about 81 mph.... Read More »

 

Dollar Thrifty calls for end to takeover saga

1:35 pm U.S. ET | Aug. 1, 2012
Dollar Thrifty Automotive Group, considered the last big prize in the domestic car rental industry, urged Hertz Global Holdings to put an end to two years of fruitless takeover offers by making a compelling bid to settle the matter once and for all.... Read More »

 

Study: Urban competition means lower used-vehicle prices than at rural dealerships

3:43 pm U.S. ET | June 14, 2012
According to a May CarGurus.com study, used-car sellers within a 50-mile radius of a “major city center” offered prices an average of $345 lower on used vehicles compared with prices offered by stores 50 or more miles from the metro hub. Only Indiana and Arkansas had lower prices in further-out areas than inside the 50-mile ring.... Read More »