Edmunds' Q2 2015 Used Vehicle Market Report finds that the average price of a used car has gone up 7.6 percent compared to 2014, to $18,800, driven by pickup trucks and cars eight years old and older.
Few people associate Tesla Motors with the classic shady dealings of a used-car lot, but the electric-vehicle maker may be moving in that direction with its Model S. The California-based company very publicly guaranteed buying back its electric sedans from any owners who wanted to get
Because of the recession that hit in late 2008, people have been holding onto their rides for longer than usual, waiting for better days before trading in old wheels for new ones. The fact that vehicles in general are more reliable than ever has only exacerbated the lack of low-mileage used cars, as owners rack up tens of thousands of trouble-free miles before finally trading them in.
Certified pre-owned programs are a great option if you're looking for a well-maintained, newer vehicle that has some kind of warranty, without paying full price. As it's a good system, there are a lot of automakers that now offer a CPO option. The newest and perhaps most surprising purveyor of gently used vehicles, though, is Koenigsegg.
Consider this week a cosmic passing of the torch. As legendary Southern California auto dealer Cal Worthington (sans his dog Spot) left this world for that great dealership in the sky, Nissan was making preparations for its all-electric Leaf to make its debut in the realm where good 'ol Cal reigned supreme: the used car lot.
According to IntelliChoice, a provider of automotive cost and value analysis, Volvo and Hyundai have the best certified pre-owned programs in the auto industry.
In an effort to attract more car buyers to Chevrolet, Buick and GMC dealerships, General Motors will now offer two-year, 30,00-mile standard vehicle maintenance package as part of its Certified Pre-Owned Vehicle program. The no-cost maintenance program includes free oil changes whenever the Oil
If you're looking to purchase a used car or truck, you may have noticed that the prices have been a bit higher than you may have expected. Maybe the salesman in the used car lot isn't willing to dicker as much as you may have expected. According to USA Today, the reason for this phenomenon is that pre-owned vehicle prices are at a 16-year high.
Buying a new Rolls-Royce can be a bit more to bite off than most can chew. So for those looking to put Goodwood's finest in their driveway but without the means for a new model, the company has announced its new certified pre-owned car program.
Quite a few automakers have had success with certified pre-owned used car programs, and now Mazda is jumping on board by offering a CPO plan of its own. After all, used vehicles that have passed a rigorous inspection are more attractive to potential buyers, even though certified cars commonly carry a heavier price tag than their non-inspected lot mates.
As everyone is aware, Toyota had a rough February. Stories surfaced virtually every where regarding the troubles that the company was and still is facing. From an image in tatters to a loss of confidence in the brand, many had feared the worst. Several Eric Loveday
A couple of years back, Ferrari was widely rumored to be working on an "entry-level" model to slot in below the F430 (since replaced by the 458 Italia). The result was the California. And all the while they were working on it – with test mules lapping Fiorano like an F1 driver reco
Underscoring just how important hybrid cars and crossovers are to Toyota's overall sales strategy is a new certified used hybrid program that will reside alongside the automaker's standard certified pre-owned program.
Used car-shoppers take note: Toyota has just announced a new Certified Used Hybrid Program that may add a bit more peace of mind when searching for your next vehicle. With over a million Toyota hybrids already running around the roadways, it's natural that more of them will soon end up on used lots as trade-ins. Many people have expressed concerns regarding the extra bits that go into making a hybrid
It's not that General Motors doesn't want its dealer body to shift certified pre-owned Impalas, G6s, Silverados, or Sierras. GM rolled out a program to help make the used cars attractive by offering 60 month loans with a 3.9 percent interest rate between October 1st and January 5th, thus helping dealers close deals on higher-margin inventory. Just a month in, however, GM is folding up its incentive tent and going home, leaving dealers holding the bag on lots full of cars they'd bought in anticip