CPO Sales Reach Record High in 2014

SANTA MONICA, Calif. — Sales of certified pre-owned vehicles hit an all-time high of 2.3 million units sold in 2014, making up 20.8% of total used-car sales at franchised dealerships, according to the latest Used Vehicle Market Report from Edmunds.com. Edmunds said it expects this trend to continue through 2015, with lease vehicles expected to ... Read More »

CNW: January Used-Vehicle Sales Total 2.38 Million Units

BANDON, Ore. — CNW Research reported this week that January used-vehicle sales rose 2% from a year ago to 2.38 million, with franchised dealers realizing the biggest sales increase. Compared to a year ago, used-vehicle sales for franchised dealers rose 4.63%, while sales for independent dealers slipped 1.86%. Private sales were up 3.42% from a ... Read More »

NYC Imposes Strict Rule for Used-Car Sales

NEW YORK — City officials are cracking down on the sale of used cars that have been recalled but not repaired. Now, dealers in the city that sold unrepaired recalled vehicles must notify the vehicles’ owners and perform the necessary repairs, The New York Times reports. In July, city officials sent subpoenas to 200 dealerships ... Read More »

Used Car Depreciation To Remain Historically Low

Shrinking Supplies Mean Bye-Bye Used-Car Bargain

CNW Predicts Strong Spring/Summer Sales, Especially for Used Market