Used Cars
 

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. It then sells them on for a higher price to dealerships.

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.

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.

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