Used Car NewsUsed Car News

  • ABG +0.75 - +0.86%
  • AN +0.53 - +0.86%
  • CACC -9.50 - -3.80%
  • CAR +0.54 - +1.26%
  • CARZ +0.06 - +0.16%
  • CPRT +0.16 - +0.45%
  • CPSS -0.07 - -1.15%
  • CRMT +0.08 - +0.17%
  • DAI
  • F -0.27 - -1.79%
  • FIATY +0 - +0%
  • GM -0.40 - -1.25%
  • HMC +2.31 - +7.30%
  • HTZ +0.38 - +2.29%
  • KAR +0.30 - +0.78%
  • KMX +0.52 - +0.81%
  • LAD +1.58 - +1.34%
  • MZDAF +0.00 - +0.00%
  • NSANY +0.09 - +0.47%
  • PAG +0.84 - +1.58%
  • SAH +0.08 - +0.34%
  • TM +1.19 - +0.90%
  • TRAK +0.00 - +0.00%
  • TSLA -0.64 - -0.24%
  • TTM +0.22 - +0.75%
  • VLKAY -0.03 - -0.07%
  • VROM

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Used Car Sales Rise

Used-car sales are expected to take a jump in July.

Edmunds.com estimates that 3.22 million used cars were sold in July, compared to 2.99 million in June.

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Lawyers Seek Class Action Against TrueCar

A securities class action suit has been filed in the U.S. District Court for the Central District of California on behalf of those who purchased shares of TrueCar Inc.

The complaint alleges that True Car made false and/or misleading statements and/or failed to disclose that its business practices violated unfair competition and deceptive trade practice laws by acting as a dealer and broker in car sales transactions without proper licensing. The suit claims that led to the company's financial statements being materially false and misleading at all relevant times.

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AG Cracks Down on Sales Licenses

The Pennsylvania attorney general recently cracked down on unlicensed salespeople selling used cars.

One case involved David Charney, who held a vehicle sales license that expired in 2003. Charney continued to sell vehicles at 5th Avenue Auto Sales, his wife Claudia's store in Cambria County.

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Chrysler Recalls Crossovers

Chrysler is recalling 144,416 model year 2011-15 Dodge Journey vehicles manufactured July 19, 2010 to May 26 and equipped with 2.4L engines.

In the affected vehicles, the engine cover may detach from the engine and contact the exhaust manifold.

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