Used Cars
 

Volvo, industry flex their CPO sales muscles

12:01 am U.S. ET | July 27, 2015
At the half-year mark, industrywide sales of certified used vehicles stood at 1,275,411, up 13 percent compared with the same period last year. The industry sold 212,843 certified units in June, an 18 percent increase over June 2014.

Car haulers fight driver shortage

12:01 am U.S. ET | July 25, 2015
Long wait times to pick up cars and paperwork contributes big-time to car-hauler driver job dissatisfaction. It is among the reasons the car hauling industry has a shortage of about 3,000 drivers.
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.

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...

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.

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.

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...

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.

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.

Toyota tops in retained value, Edmunds.com awards show

12:01 am U.S. ET | June 18, 2015
Toyota Motor came out on top in Edmunds.com's annual Best Retained Value Awards, nabbing a brand-level award and four model-level awards.

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.

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...

KAR Auction will add auctions, inspection unit

12:01 am U.S. ET | June 1, 2015
KAR Auction Services plans to build or buy physical auctions and a vehicle inspection business as part of its growth strategy.

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.

Buyers emerge for auction companies

12:01 am U.S. ET | May 25, 2015
Mergers and acquisitions are happening among auto auctions, and attracting private-equity players, for the same reasons they are on the rise among...

Auctions focus on high-quality vehicle images

12:01 am U.S. ET | May 25, 2015
Auctions are taking steps to raise the quality and resolution of their vehicle photos, yielding more bids and higher conversion rates.

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.

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.

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.

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