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April 19, 2012

Economy Drives Interest in CPO Vehicles, AutoTrader Reports

Shopper Insights from AutoTrader show that 60 percent of new-car shoppers are more likely to consider CPO vehicles due to the economy; 29 percent are considering CPO for the first time.

Tags: AutoTrader.com, certified pre-owned vehicles, Internet shopper, used vehicles

March 8, 2012

Gas Price Hike to Have Mild Impact on Used Pricing

The NADA Used Car Guide predicted yesterday that gas prices will peak at $4 per gallon in May, but said it expects the impact on used-car prices to be mild by historical standards.

Tags: Gas Prices, NADA Used Car Guide, used vehicles, used-vehicle values

March 6, 2012

Gas Prices, Fuel-Efficient, Used-Vehicles Pricing on Same Trajectory

CarGurus, an auto research and shopping site, expects prices on fuel-efficient, used vehicles to increase 15 percent by August as gas prices continue to approach $4.50 a gallon.

Tags: CarGurus, Fuel Economy, Gas Prices, used vehicles

March 2, 2012

Manheim Completes Acquisition of Dealer Services Corp.

Manheim announced it has completed its planned purchase of Dealer Services Corporation, a used-vehicle floorplan company for independent dealers that’s based in Carmel, Ind.

Tags: acquisition, Dealer Services Corporation, FLOORPLAN FINANCING, Manheim, used vehicles, used-vehicle financing

March 1, 2012

Interest in Fuel-Efficient Cars Followed January Gas Price Spike, AutoTrader Reports

A report by AutoTrader.com revealed that the notable increase in gas prices in January pushed used-car shoppers on its site toward fuel-efficient vehicles.

Tags: AutoTrader.com, Fuel Economy, used vehicles

February 9, 2012

Manheim Releases Annual Used-Car Market Report

Manheim Consulting’s 17th annual report on the used-car market revealed that auto manufacturers, rental car companies, lenders and dealers increased revenues and earnings in 2011 despite a weak economic backdrop.

Tags: Manheim, used vehicles, used-vehicle sales

January 17, 2012

Used-Car Values to Increase 3 to 5 Percent, KBB Reports

Kelley Blue Book said it anticipates used-car values to increase 3 to 5 percent in the first quarter of 2012, with gains to continue into the second quarter.

Tags: Kelley Blue Book, used vehicles, used-vehicle values

January 3, 2012

Used-Vehicle Sales Up 5.2 Percent in 2011, Reports CNW

Total used sales for December were up almost 12 percent, while sales for the year were up 5.2 percent, CNW Research reported today.

Tags: CNW, monthly sales, used vehicles, used-vehicle sales

December 8, 2011

Bank of America, DataScan Launch Used-Car Buying Website

Bank of America and DataScan Field Services have launched a new Website that will provide used-car buyers with everything they’ll need to complete a vehicle purchase online.

Tags: BANK OF AMERICA, DataScan Field Services, Internet sales, Internet shopper, PRNDL.com, used vehicles, used-vehicle financing

December 8, 2011

Mota Motors Launches CPO Marketing Program

Mota Motors, which offers online selling platforms for dealers, has launched a new certified pre-owned marketing program designed to improve inventory turn and gross profit margins.

Tags: certified pre-owned vehicles, Mota Motors, used vehicles

November 29, 2011

KBB Sees Used-Vehicle Values Rising Early Next Year

Expecting used-vehicle values to jump 4 to 6 percent early next year, Kelly Blue Book is encouraging used-vehicle shoppers to pull the trigger before the end of the year.

Tags: kbb.com, Kelley Blue Book, used vehicles, used-vehicle values

November 22, 2011

Subprime Buyers Drive Up Used-Car Values

A 39 percent increase in subprime buyers in October drove used-car values up 18 percent compared to the same month a year ago, reported CNW Research.

Tags: BHPH dealers, special finance, subprime, used vehicles

November 8, 2011

Wholesale Used Prices Softened in October, Kontos Reports

Wholesale used-vehicle prices continued to soften through October in all three of the traditional auction industry seller segments (factory, fleet/lease and dealer consignment), according to ADESA Auction’s Tom Kontos.

Tags: ADESA, auto auctions, consignment, remarketing, used vehicles, used-vehicle values, wholesale pricing

November 3, 2011

VAuto Announces Partnership With Auction Pipeline

vAuto announced that its customers can now source used vehicles available at Auction Pipeline auctions. They also have the ability to access run lists from within vAuto’s proprietary stocking module.

Tags: Auction Pipeline, auto auctions, inventory, used vehicles, vAuto

November 1, 2011

Hyundai Leads CPO Consumer Interest on AutoTrader.com

AutoTrader.com announced that Hyundai captured five of the top 20 spots for certified pre-owned "Big Movers" on the Website in September.

Tags: certified pre-owned vehicles, Hyundai, Internet shopper, used vehicles, Web traffic

October 18, 2011

Used Prices to Drive New-Car Sales in Fourth Quarter, NADA Used Car Guide Predicts

Above-average trade-in values could push car buyers into the new-vehicle market, predicts the NADA Used Car Guide. Japanese makes looking to recapture market share after the March 11 earthquake should also provide a boost through increased incentive spending.

Tags: NADA Used Car Guide, used vehicles, used-vehicle values

October 4, 2011

Used Pricing Outpacing New Pricing on Some 2011 Models, NADAGuides Reports

An emerging trend shows that more than 100 used 2011 models on the market have a retail value that surpasses their current MSRP price, according to NADAguides.

Tags: NADAguides, new-vehicle values, used vehicles, used-vehicle values

September 1, 2011

Gas Prices Drive Price Surge for Smaller Used Vehicles, Edmunds.com Reports

Data analyzed by Edmunds.com revealed that consumers paid about 10 percent more for three-year-old, used compact cars in July than in January, with prices for this segment increasing 1.6 percent over the same period in 2010.

Tags: Edmunds.com, Gas Prices, used vehicles, used-vehicle values

August 16, 2011

Falling Demand Forcing Manufacturers to Respond, CNW Reports

The downgrade of U.S. debt and the 400-point swings of the Dow Jones Industrial Average last week didn’t sit well with consumers, according to CNW’s preliminary data for August. The good news is automakers are responding by boosting incentive spending. But will it be enough?

Tags: CNW, New-Vehicle Sales, new-vehicle values, Standard and Poor's, used vehicles, used-vehicle values

August 12, 2011

Slumps in New Sales, Leasing Continues to Impact Used Values

Kbb.com anticipates the slowdown in new-car sales and leasing will impact used-car values for years to come, with current supply reductions expected to play a key role in the wholesale used-car market.

Tags: kbb.com, Kelley Blue Book, used vehicles, used-vehicle values

August 2, 2011

TrueCar.com Forecasts Lower New, Used Sales Despite Incentives Boost

Despite incentives picking up in July, TrueCar.com expects new- and used-vehicle sales to be down 0.9 percent and 1.8 percent, respectively.

Tags: incentives, manufacturer incentives, New-Vehicle Sales, TrueCar, used vehicles

July 26, 2011

NADA Used Car Guide: Prices on Used Fuel-Efficient Vehicles to Remain High in August

NADA Used Car Guide expects average trade-in values for popular, fuel-efficient small cars (2006-2009 model years) to be 10 to 30 percent higher in August 2011 than they were at the beginning of the year.

Tags: Fuel Economy, hybrid vehicle, NADA Used Car Guide, used vehicles, used-vehicle values

July 19, 2011

Automakers Could Turn to Fleet if Retail Stalls, Warns CNW

Consumers were back on the sidelines for the first 15 days of July, according to CNW Research, as car buyers continued to wait for the expected increase in incentives after the summer months.

Tags: CNW, FICO, incentives, loan approval, manufacturer incentives, prime financing, subprime, used vehicles

May 10, 2011

Dealers at Center of Latest Ohio State Scandal

At least 50 used-car transactions involving Ohio State University athletes and family members and a former Columbus car salesman will be the focus of a new investigation by the school’s athletic department.

Tags: used vehicles

April 28, 2011

Lithia Motors Posts $9.1 Million in 1Q Income

Lithia Motors Inc. reported on Wednesday adjusted first quarter 2011 net income from continuing operations of $9.1 million, up from $2.3 million in the year-ago period.

Tags: F&I income, Lithia Motors, New-Vehicle Sales, used vehicles

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