Used Cars
 

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 car dealerships: Robust and growing sales volumes and aging owners.

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.

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.

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.

Whole lotta wholesalin' goin' on

12:01 am U.S. ET | April 27, 2015
Soaring new-vehicle sales for the last few years mean that used vehicles are more plentiful.

Manheim expands its mobile auctions

12:01 am U.S. ET | April 27, 2015
Manheim is expanding its mobile auction business, which the company says could grow to 20 percent of its revenues eventually from less than 5 percent...

Online startups offer dealers faster, cheaper ways to wholesale vehicles

12:01 am U.S. ET | April 13, 2015
Years ago, dealers who wanted to get rid of aged used cars and unwanted trade-ins had to take them to a local auction.

Porsche taps Cox unit to help manage off-lease portfolio

11:27 am U.S. ET | April 6, 2015
Porsche Cars North America Inc. has tapped a Cox Automotive software platform company to help it manage its off-lease portfolio.

CarMax will step up store-opening pace

3:46 pm U.S. ET | April 2, 2015
CarMax said will open 13 to 16 new used-only stores each of the next three fiscal years, starting with the one that began March 1.

Revamp of CPO program pays off for Fiat Chrysler

12:01 am U.S. ET | March 30, 2015
Fiat Chrysler's retooled certified used-vehicle program is paying off, said Eric Swanson, FCA US senior manager of certified pre-owned vehicle sales.

Leases to get more expensive, ALG says

12:01 am U.S. ET | March 28, 2015
Low-cost monthly auto leases will become more expensive over the next couple of years, predicts ALG President Larry Dominique.

Fewer photos prevents 'image fatigue,' used-car shopper report says

4:04 pm U.S. ET | March 24, 2015
Too many photos in online used-vehicle listings can cause “image fatigue” for consumers, a study released today found.

Ford's new F-150 gets resale boost from fuel economy

10:26 am U.S. ET | March 12, 2015
The resale value of Ford's new 2015 F-150 pickup jumped more than 11 percent over last year's model as improved fuel efficiency outweighed concerns...

Manheim offers a la carte services

12:01 am U.S. ET | March 9, 2015
Manheim, the nation's largest auto auction company, is unbundling services that it had offered only on vehicles that dealers bought or sold through...

Auction changes meet hurdles as coalition breaks

12:01 am U.S. ET | March 9, 2015
For two years, the hottest topic in the auto-auction world has been multiplatform selling: A vehicle listed on one company's online auction would...

Report: Prices of used cars to tumble as supply rises

12:01 am U.S. ET | March 2, 2015
Prices of used cars and light trucks up to 5 years old will drop 3 to 4.

ADESA bows out of multiple platform auction sales

7:52 pm U.S. ET | Feb. 23, 2015
After investing nearly two years and “several million dollars” to help create online auction selling across multiple platforms, ADESA is...

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Nissan's Munoz on dealers: 'You grow or you go'

Nissan's Munoz on dealers: 'You grow or you go'

Nissan N.A. boss Jose Munoz continues to push U.S. dealers for a big jump in market share while deflecting complaints that his stair-step sales targets are too hard to achieve.
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