Instant-Payment Platform Launched for Used Cars

Collaboration between Whillet of Silicon Valley and Visa produces Carment.
Collaboration between Whillet of Silicon Valley and Visa produces Carment.
Cox figures seem to bode well for spring sales.
Dealers say 14-day guarantee helped fuel industry-rare increase.
Dealers can now get reconditioned vehicles front line-ready faster and boost sales.
Program helps connect car buyers with dealer inventory and mobile vehicle history reports.
Sales fall due to customer affordability concerns. Company offering lower-priced models, cutting its costs.
Shoppers were increasingly drawn to “near-new” used vehicles with higher price tags in the second quarter, with the average price of a used car increasing 8% from last year, according to Edmunds.
Used-car sales franchise J.D. Byrider has opened a second dealership in Richmond, Va., the sixth new J.D. Byrider franchise to open in 2015. The company now has 169 locations in 34 states.
Edmunds.com has opened registration for its Used+ used-car sales program, which offers shoppers a vehicle-protection plan and a $200 gas card. Asked if the program might lead Edmunds into F&I product sales, a spokesperson said '... It is an option we would be open to exploring.'
The average price of a used vehicle for model years 2009–2013 remained unchanged in April, according to data from Black Book.
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