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Penske buys more U.K. used-only stores

Penske Automotive Group will buy The Car People, a used-only retailer in the UK, nearly doubling its used-only operations in that market.


Off-lease trucks race toward market

A fresh surge of vehicles coming off leases in 2018 will include more light trucks and fewer cars. Increasingly, they'll have low mileage and higher price tags.

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MORE USED CAR NEWS SALES MARKETING
UPDATED: 11/8/17 1:55 pm ET - corrected
Ally provides $2 billion in financing to Carvana

Ally Financial is tripling its bet on one of the auto industry's disrupters by committing $2 billion to finance retail contracts for online used-vehicle retailer Carvana over the next year.

Scott Painter's startup gets big lift

A startup trying to create a new channel for selling used vehicles just got almost $1 billion -- and a de facto endorsement from two major industry players.

Fast recon boosts high-quality used inventory

As profit margins for new vehicles shrink, dealerships are looking to make more money from selling used cars and trucks. The number of U.S. vehicles coming off lease represents a treasure trove of potential inventory.

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