Used Cars

Manheim bolsters its vehicle-valuation tool

The Manheim Market Report has been bolstered to deliver more detailed valuations of used vehicles and thus streamline the remarketing process.

Carvana posts $39 million Q2 loss as business expands

Carvana reported a $39 million net loss in the second quarter, more than double the loss recorded in the same period a year ago, as revenue escalated 142 percent for the online retailer.


Penske bullish on used-car ventures

When Penske Automotive agreed to buy CarSense in the U.S. and CarShop in the U.K., Chairman Roger Penske said he was "cautiously optimistic" about the used-car ventures. He has since dropped the "cautiously."

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MORE USED CAR NEWS SALES MARKETING
Uncertainty grips rental-car agencies

The immediate challenge is a declining new-vehicle market. Long term, the companies face disruptions to their business model from sharing services and autonomous technology.

Certified deliveries

Automakers sold 1.34 million units through the first 6 months of the year, a gain of 1.2% from the same point a year earlier. The rise comes despite 3 of the 4 largest automakers by certified pre-owned sales reporting declines in sales.

Used-car market weathers the storm

The market was bolstered in June by a dip in gasoline prices and an economy that remained strong, giving potential buyers confidence to buy used vehicles.

Automakers, auctions align to prop up used-car prices

Facing a glut of off-lease cars but armed with detailed, real-time pricing data that was not available during the last downturn, auctioneers can now help automakers and dealers figure out where a used vehicle can fetch the best price.

Why used-car pricing indexes vary

Manheim's used-vehicle price index suggests that used prices are rising. Why is this key indicator diverging from other important pricing indexes?

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