Used Cars

Car-shopping company Shift seeks to follow Carvana with 2020 IPO

Shift, the five-year-old app-driven car shopping firm, could give auto retail group Lithia a chance to hedge against auto market disruption by cashing in on an IPO down the road.


Lithia pours $54 million into used-car startup

Lithia Motors is investing $54 million into online used-car buying startup Shift Technologies. The money will help Shift expand technologically and geographically.

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MORE USED CAR NEWS SALES MARKETING
Aging used cars ripen on lots

Used-car lots still have too many units that have sat for 60 days or longer, or even more than 45 days, says used-car guru Dale Pollak.

A new philosophy: Turning cars in 30 days

Toledo, Ohio, dealer Denny Amrhein was tied to the hip with a failing, flailing Chryser 10 years ago. And he says the only reason his businesses survived was a clever, borrowed strategy to sell lots and lots of barely profitable used cars.

Used-vehicle prices stronger than expected

Increasing demand for used vehicles, concern over potential tariffs and tightening supplies are causing used-vehicle prices to strengthen instead of taking their normal summer dip.


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