Higher used-car prices push dealers to older vehicles
Some dealers are avoiding auctions and buying older vehicles as used-vehicle prices stay elevated. Lafayette, Ind.-based Royal Automotive Group is ...
Tag: used car
Manheim Used Vehicle Value Index down 5.3%
Wholesale used-vehicle values fell year over year in September across every market segment. The Manheim Used Vehicle Value Index ...
American Honda urges dealers to tap into CPO leasing
American Honda is aiming to bolster sales and consumer loyalty by training dealers on certified pre-owned vehicle leasing. The company ...
Used-car prices may cool off in months ahead, according to industry indicators
The jump in used-car costs that propped up US inflation last month is widely expected to swing into reverse in ...
Carvana holders gird for worst with credit risk, losses mounting
It took Carvana Co. just a few years to grow from a startup to the second-biggest used car seller in the US. ...
Rental car fleets put pressure on used-car market
LAS VEGAS – Rental car companies are holding on to their fleet inventory instead of circulating it back into the ...
PE firm Cerberus buys stake in Florida used-car chain
Private equity firm Cerberus Capital Management has acquired an 80% interest in independent used-car dealership chain Off Lease Only LLC ...
Investors funnel $31m into UK-based startup
London-based used-car marketplace Cazoo has scored $31 million in pre-launch funding led by existing investors, propping up the startup’s total ...
