Reused Vehicle

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.... Read More »


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.... Read More »



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.... Read More »


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.... Read More »


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.... Read More »


ADESA to open more online auctions to more dealers

3:27 pm U.S. ET | Feb. 20, 2014
ADESA, the nation's second largest auto-auction company, this year will focus on building online auctions that are open to all dealers, its parent company's top executive said.... Read More »


Used car prices will fall in 2014, NADA economists say

12:29 pm U.S. ET | Jan. 25, 2014
Used cars should get cheaper in 2014 after five years of consistently rising prices, National Automobile Dealers Association economists said today. But analysts from the NADA Used Car Guide insisted this is not a sign of a bursting bubble.... Read More »


Get ready for a flood of off-lease cars

12:00 pm U.S. ET | Jan. 25, 2014
New vehicles retailed through leases nearly tripled to 3.2 million vehicles in 2013 compared with 2009, making it imperative that the industry hone remarketing processes to handle the increased off-lease vehicle volume expected over the next couple of years, says an annual report on the used-car industry.... Read More »


Economist: Used-vehicle prices will remain healthy, but could fluctuate

3:03 pm U.S. ET | Jan. 8, 2014
Used-vehicle prices could fluctuate at times this year but are expected to remain healthy overall, Tom Webb, Manheim's chief economist, predicted today.... Read More »


Manheim waives online fees for snowed-in buyers

6:33 pm U.S. ET | Jan. 6, 2014
Manheim said today it will offer some relief to dealerships hit by the weekend storm that dumped more than a foot of snow in parts of the Northeast and Midwest by waiving some online auction fees.... Read More »


Cuban hopes dashed as new and used cars go on sale

12:09 pm U.S. ET | Jan. 3, 2014
Cubans awoke today for the first time in half a century with the right to buy new and used vehicles from the state without special permission, but markups of 400 percent or more quickly dashed most people's expectations.... Read More »


More than half of new-car shoppers would consider CPO, study says

12:04 pm U.S. ET | Dec. 5, 2013
More than half of new-car shoppers are willing to consider buying a certified pre-owned vehicle, up from 43 percent a year ago, an study released today says.... Read More »


Big off-lease battle brewing

12:01 am U.S. ET | Dec. 2, 2013
Automakers are crafting strategies to keep existing customers -- and perhaps poach some new ones -- when the number of vehicle owners coming off lease shoots up next year.... Read More »


Used-vehicle prices will continue decline into 2014, Manheim chief economist says

4:24 pm U.S. ET | Nov. 7, 2013
Prices of used vehicles on average dropped in October from prior-month levels, but were higher than they were in October 2012, according to the Manheim Used Vehicle Value Index released today.... Read More »


KAR, Adesa's parent, posts 19% gain in Q3 net

12:24 pm U.S. ET | Nov. 6, 2013
KAR Auction Services, the parent of auction company ADESA, said today that its third-quarter net income rose 19 percent from the year-earlier period to $22.8 million, as revenues increased 12 percent to $533.7 million.... Read More »


Hertz expects to double its retail vehicle sales in 2 years

4:11 pm U.S. ET | Nov. 5, 2013
Hertz Global Holdings plans to at least double the number of retired rental vehicles it sells to retail consumers over the next two years, its top executive said today.... Read More »


Sonic to take on CarMax with new line of used-car stores

11:33 am U.S. ET | Oct. 21, 2013
Sonic Automotive, the nation's third-largest retailer of new vehicles is getting ready to take on the largest U.S. retailer of used vehicles.... Read More »


Manheim says September used-vehicle prices up, but expected to moderate

4:54 pm U.S. ET | Oct. 7, 2013
The Manheim Used Vehicle Index rose in September for the fourth month in a row, capping its strongest quarterly gain since the middle of 2011, Tom Webb, Manheim's chief economist, said Monday.... Read More »


CarMax profits grow; more used-car stores on the horizon

11:38 am U.S. ET | Sept. 24, 2013
CarMax today said its net profits rose 26 percent to $140.3 million in its fiscal quarter that ended Aug. 31, vs. the year-earlier period. The company's revenue grew 18 percent to $3.25 billion.... Read More »


Leases buoy market, add factory risk

12:01 am U.S. ET | Sept. 23, 2013
Leasing is back in a big way – and that comes with risks as well as rewards. Through June, almost 26 percent of new-vehicle deals in the United States involved a lease, up from 21 percent for all of 2010 and way up from the recession trough in 2009.... Read More »


New-car price tinkering can derail a residual in a hurry

12:01 am U.S. ET | Sept. 23, 2013
Residual values are simply predictions of future used-vehicle values. Anything that changes new-vehicles prices can change used-vehicle prices.... Read More »


Car sharing users to reach 12 million by 2020, report says

2:31 pm U.S. ET | Sept. 16, 2013
Car sharing services are expected to have more than 12 million members worldwide by 2020, up from 2.3 million this year, a report from Navigant Research said.... Read More »


Enterprise names Lattimer as VP of remarketing sales and operations

3:41 pm U.S. ET | July 24, 2013
Enterprise Holdings has named Nate Lattimer its vice president of remarketing sales and operations for its Enterprise, National and Alamo car rental brands, as well as its commercial-truck business and its fleet-management affiliate.... Read More »



NAMAD looks to the next generation

4:01 pm U.S. ET | July 23, 2013
As baby boomers head for retirement, many dealer groups and associations have created networking forums and workshops for the children who are the heirs apparent of their family businesses.... Read More »


'14 GM pickups get strong projected resale values

12:01 am U.S. ET | June 17, 2013
The redesigned 2014 Chevrolet Silverado and GMC Sierra now arriving in showrooms sport sharply stronger resale values than the models they replace. ALG, a research company that monitors and projects vehicle values, assigned a forecasted residual value of 55 percent after 36 months for the crew-cab Silverado, and 56 percent for the Sierra.... Read More »


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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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