After a disaster, the National Insurance Crime Bureau works with companies and authorities to identify cars with insurance claims to process them for sale.
Based on days spent on dealer lots, electrified vehicles are a hit on the secondary market. The three best sellers are the Model S, Leaf and Plug-in Prius.
Nissan Leaf owners, there's some bad news if you're selling your car. A new study reveals that nearly half the EV's value is lost with the first owner.
Nissan Leaf used-car sale prices plunged during the first quarter, while overall used-car prices rose.
Plenty of Fisker Karma extended-range plug-in hybrids are there for the taking on the used car market ahead of 2016 relaunch.
New research from Carfax found 3.5 million used cars are currently for sale in the U.S. with unfixed safety recalls. There are about 300,000 in the state of Texas alone, according to NBCDFW.
The slow clap, a cliche of sports movies, has been taken to its logical conclusion - use in a commercial for buying a used car. CarMax has unveiled its 2014 Super Bowl commercial, which focuses on a man buying his "perfect" used car.
According to Luke Akers' video, his 1996 Nissan Maxima GLE can get you "from point A to B ... most of the time."
Is the US plug-in vehicle market going to be derailed by a vicious cycle of lower sales and their impact on residual vehicle values? That's one question that may be worth asking after ALG Inc. reduced residual values – the valuation of vehicles that are returned after leases end – for plug-ins and hybrids.
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.
If you drive a Nissan Leaf and aren't completely satisfied with it, now'd be a pretty good time to sell.
If you think Toyota is still reeling from negative opinions stirred up by the company's rash of recalls in 2009, North Carolina State University has some news for you. According to a new study conducted by researchers at the institution, the recalls had "little to no impact" on how buyers see the Japanese automaker. Robert Hammond, an assistant professor of economics at NCSU, says the research specifically looked at the used car market to negate the impact of outside factors like incentives, mar
California has passed new a new law that further regulates the car-buying process, and the changes appear to be mostly positive. Automotive News reports that, beginning next July, dealers will need to slap a red warning sticker on any vehicle with a salvage title. That means any vehicle that has been legally deemed flood-damaged, junked or salvaged will receive the ominous label.
Consumers are keeping their automobiles for longer periods than ever before, according to a study performed by the survey gurus at R. L. Polk & Co. For anyone keeping track of such things, this news comes as little surprise – average length of ownership has been steadily increasing at an average rate of 3.7 percent annually.
Any competent financial advisor will tell you that, almost invariably, buying a brand new car is a bad investment. With very few exceptions, as soon as you drive a new car off the lot, its value drops significantly. Hopefully, the now publicly traded stock of Tesla Motors will fare better than the price of a used Tesla Roadster.
Lifecycle CO2 analysis. Higher miles per gallon ratings for new vehicles. End-of-life recycling. These things will matter to fewer and fewer people because, AutoMD has some interesting numbers out this week about how long people are keeping their vehicles these days. An online survey of car owners conducted in December and January found that about 77 percent plan on driving their current vehicles a total of 50,000 miles more than their previous vehicles. Considering the annual average for U.S. d
This ended about how we predicted. You all no doubt remember McFly, the guy that won a legit eBay auction for a slightly used Hyundai Genesis Coupe 2.0T for $16,125. Problem was that the seller – Glenn Hyundai of Lexington, KY – felt the car was worth more ($19,700) and refused to sell it to McFly. They claim they set a reserve price (even though they didn't) and wouldn't budge. End of story, kind of.
New car sales have been in a downward spiral for over a year now, and the big beneficiaries appear to be used cars (and repair shops). A study by Manheim Consulting shows that the company's Used Vehicle Value Index has risen to a record high of 118.5 in the month of September, up 1.8% versus August. That's the ninth straight increase this year, as Manheim's index has steamrolled northward by 6.9% over the past 12 months.
The lagging sales of new vehicles has been well documented, forcing retailers and manufacturers to offer some pretty amazing deals just to move their metal. Sometimes, the price of a brand new car is so good that it doesn't make sense to purchase a used vehicle.