Used Car NewsUsed Car News

  • ABG 500038.00 -0.35 - -0.44%
  • AN 61.50 +0.06 - +0.10%
  • CACC 207.80 -0.57 - -0.31%
  • CAR 0.00 -0.24 - -0.39%
  • CARZ 40.60 -0.295 - -0.72%
  • CPRT 40.61 -0.50 - -1.32%
  • CPSS 7.28 -0.07 - -1.00%
  • CRMT 53.35 -1.045 - -1.93%
  • DAI N/A - N/A
  • F 16.37 -0.04 - -0.24%
  • FIATY 0.00 0.00 - 0.00%
  • GM 37.47 -0.25 - -0.67%
  • HMC 33.22 -0.52 - -1.54%
  • HTZ 23.24 -0.42 - -1.79%
  • KAR 36.55 -0.09 - -0.25%
  • KMX 67.49 -0.62 - -0.92%
  • LAD 94.53 +2.25 - +2.44%
  • MZDAF 0.00 -0.25 - -1.16%
  • NSANY 0.00 -0.20 - -0.94%
  • PAG 49.32 +1.33 - +2.77%
  • SAH 24.74 -0.28 - -1.12%
  • TM 135.40 -1.43 - -1.05%
  • TRAK 0.00 -0.91 - -2.24%
  • TSLA 212.00 -3.85 - -1.86%
  • TTM 49.40 +0.57 - +1.17%
  • VLKAY 0.00 +1.28 - +2.62%
  • VROM N/A - N/A

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Salespeople Matter More Than Social Media

While social media channels may be great for catching up with friends or sharing photos, they do not provide significant information to new car buyers, according to research from MaritzCX.

When all ages were averaged, approximately 22 percent said the dealer salesperson was the most important source of information for new car buyers, followed by friends and family at 19 percent, and published “consumer guides” at 14 percent. Social media, including Facebook, Google Plus, LinkedIn, and Twitter, came in at 0.6 percent.

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ServNet Withdraws from MPS

ServNet announced that it also has decided not to participate in the remarketing industry’s currently proposed multiplatform bidding system (MPS).

This comes after ADESA's announcement that it is pulling out of the industry -wide initiative.

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Used Vehicle Sales Rise

An estimated 3.2 million used cars will be sold in February, for a SAAR of 35.7 million, according to Edmunds.com.

This compares to 2.95 million – or a SAAR of 36.3 million – used car sales in January.

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AG Seizes Used Car Dealer’s Property

The Alabama attorney general seized the property of a used-car dealer after charging that dealer with continued fraudulent behavior.

The attorney general was granted a temporary restraining order and seized the property of Quality Used Cars and its associate, Preowned Automotive, operated by Claton (or Clayton) and Connie Reeves since 2009.  Also named in the attorney general’s lawsuit are Monecia Brown, daughter of Claton and Connie Reeves, and Brown’s husband Christopher Robinson, for their actions as employees or agents of the dealerships, which are located at 6155 Elmore Road in Elmore, Ala. 

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