Two very different 4,000-mile cars come up for auction and sell for similar money. With no other options, which one would you go for?
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.
Three electric cars score are in the top five worst depreciating vehicles in Europe according to a new report from Glass' Information Services.
Certified pre-owned Tesla Model S vehicles available on Tesla's website for $56,000 and up.
A report from Edmunds put the average price of a used car in 2014 at $16,800, which is a record, and a 5.7-percent increase from 2013. It also found 1-year-old and 4-year-old cars showed gains at or near the average, while some vintages showed gains of up to 18.4 percent.
Automotive remarketer Alteso is pitching a new way to conduct wholesale car auctions, which currently aren't open to the public. Their idea would give everyday customers a way to visit a dealer's site to see what's being offered at auction, then they could request the dealer buy the car on their behalf and take delivery the next day.
This year's surge in new car sales could make for cheaper used cars down the road.
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 rid of them after three years of ownership. The first of those vehicles could start rolling back in as early as spring 2016, Automotive News reports, which is why Tesla is working on a certified pre-owned vehicle-s
This has been a bad year for recalls. The US auto industry broke the record for repair campaigns months ago, and with about 25.8 million vehicles needing fixed, General Motors has gotten close to 2013's total full-year figure of 27.96-million recalled cars all on its own. You might think that used car buyers would run screaming for the hills from all these faulty models, but a recent study finds the exact opposite to be true. In fact, one of The General's vehicles actually gained value slightly,
New cars under recall must be repaired before a dealer can sell them but used cars are under no such mandate.
In the wake of the 2011 tsunami that caused a meltdown at the Fukushima Daiichi nuclear power plant in Japan, there was a fear that radioactive cars and trucks could be bound for export. Within days of the tragedy, Nissan was already testing its vehicles' radiation levels (pictured above), and the rest of the Japanese auto industry followed soon after. However, three years after the natural disaster, it appears that some used models are still making it out and winding up on the roads in Central
The farther west you shop, the most expensive it is to score a used car, according to a new study from CarGurus.
We often mock Toyota for building boring, soulless cars, but a new study by Consumer Reports suggests that regardless of whether that's true, the company has some of the best used cars on the market. In its report on used cars from 2004-2013, the Japanese automaker had 11 vehicles among its brands on the list – more than any other automaker.
Time is money, and when it comes to the well-heeled folks who can afford to buy a Tesla Model S luxury electric sedan, that time becomes all the more expensive. That's the explanation behind an iSeeCars survey that found that a typical used Model S is priced higher than the new ones coming from the factory, Forbes says.
Acting as a middleman between potential car buyers and dealerships has become quite a lucrative business. "How lucrative," you ask? Well, a company called Cox Enterprises has just purchased a 25-percent stake in AutoTrader at a price of $1.8 billion. With the help of some simple maths, that works out to a rough value for the car-listing site of $7 billion. In most circles, that'd be called a "helluva lotta money."
When Luke Akers wanted to sell his 1996 Nissan Maxima GLE - yes, the one seen above that needs a ratchet strap to keep the front end from bursting with joy - the Florida filmmaker turned on his cameras and yelled "Quiet on set!" The result is a one-minute videographic homage to mankind's monuments, narrated with all the intensity of a BBC documentary to sell a 17-year-old sports sedan that comes "fully loaded with an engine, wheels, tires and an automatic transmission."