Used Vehicle

Used-car loophole for recalls tightens up

12:01 am U.S. ET | Feb. 8, 2016

While a proposed federal law to close the used-car loophole is dead for now, efforts to keep unrepaired recalled vehicles out of circulation are stirring. And with powerful players mobilizing on the issue in an era of high-volume, high-profile recalls, dealers and automakers may face pressure to revisit their policies....
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AutoNation's recall policy disrupts used-vehicle business

12:01 am U.S. ET | Feb. 8, 2016

AutoNation's recall policy challenged its used-vehicle business in the fourth quarter. The disruptions will continue through the first half as the retailer continues to expand its used-vehicle inventory....
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Margin squeeze hurts used-vehicle prices, economist says

1:03 pm U.S. ET | Feb. 5, 2016

The Manheim Used Vehicle Value Index dipped in January, registering only its second decline in the last eight months....
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CarMax CEO Tom Folliard to retire by end of year

10:34 am U.S. ET | Feb. 1, 2016

CarMax CEO Tom Folliard will retire by the end of the year, the used-car retailer said today. He will be succeeded by Bill Nash, the executive vice president of human resources....
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Surge in end-of-lease cars seen pressuring prices in record sales year

6:51 am U.S. ET | Feb. 1, 2016

A surge in cars and SUVs coming out of leases have analysts predicting pressure on prices of both used and new models, curbing investor enthusiasm over sales records projected for this year....
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Cheap gas hits hybrid, EV residuals

12:01 am U.S. ET | Jan. 30, 2016

Beware! Falling gasoline prices are hitting the residual values of used hybrids, electrics and plug-ins - hard. The influx of used small cars set to return to the market is just going to make matters worse....
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GM, Lithia, Koons settle advertising allegations by FTC

1:38 pm U.S. ET | Jan. 28, 2016

GM and two dealership companies, Jim Koons Management and Lithia Motors, will settle allegations that they advertised cars as being carefully inspected when, in fact, they had unrepaired safety recalls, the FTC said....
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GM program 'just another channel'

12:01 am U.S. ET | Jan. 25, 2016

Dealers have responded warily to news that General Motors will insert itself into the used-car business, a key profit center at most dealerships. Here are details on how GM's Factory Pre-Owned Collection plan will work....
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Pope's blessing

Fiat from Pope Francis' U.S. visit to be auctioned

12:59 pm U.S. ET | Jan. 20, 2016

The tiny black Fiat 500L that ferried Pope Francis to the White House and Congress during his historic first visit to the United States will be auctioned in Philadelphia next week, officials said today....
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GM to launch online portal for low-mileage used cars

8:00 am U.S. ET | Jan. 13, 2016

GM plans to launch an online service to sell low-mileage used cars to consumers nationwide, a bid to capture the growing number of car shoppers who prefer to browse digitally....
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Manheim economist sees used-vehicle prices easing in 2016

3:22 pm U.S. ET | Jan. 8, 2016

The number of off-lease vehicles slated to hit the market this year is expected to grow by more than 20 percent, but used-vehicle prices will decline only modestly in 2016, predicts Tom Webb, Manheim chief economist....
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Carfax owner buys Canadian vehicle-history provider for $460 million

11:48 am U.S. ET | Dec. 28, 2015

IHS said today it has acquired Carproof, a Canadian used-vehicle history provider, for $460 million....
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2015 LISTS OF 10

Hot topics, trends to watch in 2016

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

Record certified used-vehicle sales. Strong used-vehicle prices, even amid rising inventory. It was a booming year in the automotive remarketing world in 2015. Here are 10 topics and trends to watch in 2016....
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BEST PRACTICES

Army veteran's discipline cuts used-car recon time in half

12:01 am U.S. ET | Dec. 21, 2015

An Army vet cut vehicle reconditioning time in half at three Greenway Automotive dealerships in Orlando, which sped inventory to turn and slashed costs, by creating and adhering to strict standards and procedures....
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A DOZEN DISRUPTORS

Ernie Garcia Jr.: Pioneering the "used-car vending machine"

12:01 am U.S. ET | Dec. 21, 2015

The just-opened structure dispenses used cars to customers -- but it also serves as eye candy to an even bigger oddity on today's automotive landscape: Garcia's company is not selling the used cars here at the gumball machine. He is selling them online....
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JAMES B. TREECE

With a foe like this, CarMax just can't win

12:01 am U.S. ET | Dec. 21, 2015

Sean Kane, a consumer advocate, set out deliberately to buy a used vehicle with an open safety recall at a CarMax store in Massachusetts. He succeeded, purchasing a 2012 Jeep Grand Cherokee with three unfixed recall orders on it. Now, he's upset that CarMax sold him the Jeep....
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End of the 'free lunch on interest rates'

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

Higher U.S. interest rates most likely won't dampen new car sales, but they will mean a more competitive environment and possibly slimmer profits, for automakers, dealers and lenders....
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Online retailer Vroom acquires Texas Direct Auto

12:26 pm U.S. ET | Dec. 16, 2015

Online used-car retailer Vroom said today it has acquired one of its competitors, Texas Direct Auto. The deal was approved today by the Department of Justice, a Vroom spokeswoman said....
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Subaru, Lexus top brands for projected resale value, says KBB

11:42 am U.S. ET | Dec. 15, 2015

Subaru today was named Kelley Blue Book's best brand for projected resale value for the 2016 model year, while Lexus won the same award for luxury brands. General Motors led all automakers with four vehicles -- the Chevrolet Camaro, Colorado and Canyon, and the GMC Sierra -- on KBB's list of top 10 vehicles with the best resale value....
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Used prices stay stronger than expected

12:01 am U.S. ET | Dec. 14, 2015

Despite a slight dip, wholesale used-vehicle prices last month remained robust, according to a widely watched index released last week....
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Used-vehicle prices dip, but remain unusually strong, Manheim index shows

2:57 pm U.S. ET | Dec. 7, 2015

Despite a slight dip, wholesale used-vehicle prices last month remained robust, according to a widely watched index released today....
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Son of auto dealer finds auctions a better fit

12:01 am U.S. ET | Nov. 30, 2015

When neither the new- nor used-car retail auto business fit, Ben Lange tried auto auctions on for size. Lange now oversees and owns a minority stake in the third-largest auto auction company in the country....
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Used prices forecast to soften, not dive

12:01 am U.S. ET | Nov. 23, 2015

The pool of used vehicles will grow in 2016, causing prices to soften but not “fall from a cliff,” predicts an analyst. This year, the supply of used vehicles up to eight years old is forecast to edge up for the first time since the recession....
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Toyota FJ Cruiser is scarce, hot and high-priced

12:01 am U.S. ET | Nov. 15, 2015

Toyota sold about 20,000 FJ Cruisers a year on average and about 222,000 all told in the United States. Now that they're not made anymore, they're more popular than ever....
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Drop a coin, pick up a used car

6:00 am U.S. ET | Nov. 12, 2015

Nashville-area car buyers will soon be able to get their used sedan or crossover in much the same way as they buy a bag of chips: by dropping a coin into a vending machine....
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