Used Cars
 

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.

GM, Lithia, Koons settle advertising allegations by FTC

1:38 pm U.S. ET | Jan. 28, 2016 | UPDATED: 1/28/16 5:55 pm ET - adds details
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.

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...

Fiat 500L used by Pope Francis in U.S. fetches $82,000 at auction

12:47 pm U.S. ET | Jan. 30, 2016
A tiny black Fiat 500L that carried Pope Francis through Philadelphia during his historic first visit to the U.S.

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.

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...

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...

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...

Manheim Canada acquires 100% of partnership auction site

3:30 pm U.S. ET | Jan. 7, 2016
Cox Automotive Canada, through its Manheim Canada operation, has acquired 100 percent ownership of Manheim Source Edmonton, in Edmonton, Alberta.

Lexus is flexing its CPO muscles

12:01 am U.S. ET | Jan. 4, 2016
Lexus, one of the pioneers in aggressively promoting certified used-vehicle sales, is raising its game.

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.

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.

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...

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.

End of the 'free lunch on interest rates'

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

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.

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...

FCA ends dealer spiffs that lifted Chrysler 200

12:01 am U.S. ET | Dec. 14, 2015
Fiat Chrysler has discontinued an aggressive stair-step incentive on the Chrysler 200 that boosted sales in a segment where the brand has long been a...

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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