Used Car NewsUsed Car News

  • ABG 55.03 +0.15 - +0.27%
  • AN 62.00 +1.16 - +2.15%
  • CACC 140.16 +1.37 - +0.99%
  • CAR 52.91 +0.555 - +1.07%
  • CARZ 0.00 -0.01 - -0.02%
  • CPRT 38.00 +0.41 - +1.14%
  • CPSS 8.16 +0.01 - +0.13%
  • CRMT 200000.00 -0.28 - -0.76%
  • DAI N/A - N/A
  • F 16.13 -0.07 - -0.44%
  • FIATY 0.00 +0.21 - +1.76%
  • GM 34.23 +0.01 - +0.03%
  • HMC 33.89 -0.39 - -1.13%
  • HTZ 28.91 +0.70 - +2.56%
  • KAR 32.86 +0.09 - +0.30%
  • KMX 48.67 +0.63 - +1.44%
  • LAD 68.89 +0.85 - +1.26%
  • MZDAF 0.00 0.00 - 0.00%
  • NSANY 0.00 -0.12 - -0.67%
  • PAG 43.05 +0.34 - +0.80%
  • SAH 23.21 +0.19 - +0.83%
  • TM 114.64 -0.45 - -0.41%
  • TRAK 200000.00 +1.05 - +2.42%
  • TSLA 199.75 -0.99 - -0.50%
  • TTM 38.03 +0.11 - +0.29%
  • VLKAY 0.00 +0.26 - +0.49%
  • VROM N/A - N/A

Featured News

Wholesale Prices Rise
Wholesale prices strengthened in March above both seasonal and year-ago levels. 

Of...

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State Arrests Dealers for Failing to Pay Taxes
The state of Florida recently cracked down on several auto dealers for not paying their sales taxes....

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PassTime Upgrades Devices
PassTime has introduced the Elite 3, the third version of its Elite platform of GPS tracking and aut...

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Consumer Spending Index Remains Steady
The Deloitte Consumer Spending Index dropped half a point in March, but continues to indicate positi...

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Wholesale Prices Rise
State Arrests Dealers for Failing to Pay Taxes...
PassTime Upgrades Devices
Consumer Spending Index Remains Steady

Incentives Hurt Residuals

mustangwbowA new vehicle cash incentive of $1,000 reduces the price of a one-year-old used vehicle by nearly $600, according to the NADA Used Car Guide in its latest report, NADA Used Vehicle Price Report: Incentive Analysis and Impact.

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Used Car Depreciation Slows

nadaguidebooksAfter diving by 3.5 percent in October, the rate of used-vehicle depreciation slowed substantially to 1.5 percent in November, pushing the NADA Used Car Guide’s seasonally adjusted used vehicle price index to its highest point of 125.6.

The index, which measures the change in prices for used vehicles up to eight years old, is up 1.8 points from October's figure of 123.8, surpassing the previous high of 125 set in December 2012.

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Cox Buys AutoTrader Back from PE Firm

cox autotraderCox Enterprises Inc. and Providence Equity Partners announced a definitive agreement by which Cox has acquired Providence Equity's 25 percent equity interest in AutoTrader Group.

Cox Enterprises now holds a 98 percent stake in AutoTrader Group, with the remainder being held by current and former employees.  Financial terms of the transaction were not disclosed. 

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GE Capital Salutes Auctions

GE Capital Fleet Services’ recently hosted its 15th annual Remarketing by GE Imagination at Work Awards in South Barrington, Ill.

The ceremony recognizes best-in-class performances of auction suppliers who contributed remarkable results for GE Capital Fleet Services’ customers in 2013.

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Manheim Names GM for Flagship Auction

manheim4Manheim announced that Julie Picard, market vice president of Manheim’s Pacific Market, has been named general manager and vice president of Manheim Pennsylvania.  

Picard replaces Tim Van Dam, who was named market vice president of Manheim’s Northeast Market earlier this year. Picard reports to Van Dam and began her role on Jan. 1.

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