Used Cars
The Approved Pre-Owned program covers vehicles up to 10 years old, supplementing Honda's longstanding Certified Pre-Owned program that backs vehicles up to five years old.
Lexus’ direct sales stand in contrast to sales of certified used vehicles at other luxury brands, which are handled by franchised dealerships.
Some retailers on Automotive News' used-vehicle-only list had double-digit sales increases in 2024.
For those of us who watched the Automotive News live session yesterday on LinkedIn, a clear theme emerged: Affordability is a bigger concern than ever.
Auto finance executives on May 13 at Auto Finance Summit East shared considerations and approaches for a U.S. tariff policy that lenders suggested could pose borrower affordability and lease depreciation challenges to their sectors. But some described an upside to the duties as well.
Tesla ended an unusual policy that prohibited U.S. leasing customers from buying their cars at lease-end.
Impending new-vehicle price hikes helped generate strong demand on both the consumer and wholesale sides of the used market, outpacing a slight decline in cross-border buying.
Carvana CEO Ernest Garcia III filed to sell shares worth $192 million on May 14 as the used car retailer’s stock surged.
Hertz is “pulling on the right levers to capitalize” on the impact of tariffs on auto imports, Hertz CEO Gil West said.
As part of the deal, AutoTrader will receive prominent brand exposure on the NHL’s digital enhanced dasherboards (DED) during national NHL regular season and Stanley Cup Playoffs broadcasts in Canada only.
