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Used Cars

2 proposals for managing used-car inventory

In this excerpt from his new book, Dale Pollak, founder of vAuto, offers two alternatives to managing the age of a dealership's used-car inventory.

Hurricanes send Manheim used-car price index higher

Hurricane-driven demand sent the Manheim Used Vehicle Value Index higher last month. Cox Automotive sees used-car prices and sales remaining high through November.


About 1 in 4 CarMax vehicles has unrepaired recall defect, safety advocates say

More than a quarter of used vehicles for sale at CarMax outlets in three states have unrepaired recall defects, safety advocates said.

MORE USED CAR NEWS SALES MARKETING
Why disasters today pack more wallop

Rising coastal populations and technology-laden vehicles, which prompt insurers to be quicker to declare a damaged vehicle a total loss, are driving salvage auction growth.

COMMENTARY: Keith Crain
Don't get stuck with bad cars

Never in the history of the auto industry in this country has a natural disaster caused as much devastation to car dealers as the hurricane that struck Houston. Now the industry will have to figure out what to do with a massive number of flood-damaged vehicles.

CPO streak may be ending

After several record years, certified pre-owned vehicle sales have slipped into neutral. Some, mostly smaller, players are still gaining, but several market leaders are in retreat.

Used-vehicle prices falling amid glut

The average used vehicle lost 17 percent of its value in the past 12 months, dropping from $18,400 to $15,300, according to data from Black Book, an auto analytics company. With so many new cars rolling out of dealerships lots and instantly becoming used cars, the secondary market is glutted and the pace of depreciation is rapidly accelerating.

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