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Used Cars

Cheap leases take toll on used market

It's easy to see why wholesale prices for used midsize sedans are declining: aggressively priced, subvented leases adopted two and three years ago to clear out the cars as consumer preferences shifted to crossovers and SUVs have begun to ripple through the used-car market.

Mexico extends used-car import rules to help domestic sales

Mexico extended rules that impose restrictions on the importation of used autos, to bolster domestic sales amid uncertainty over trade ties with the United States, the country's top export market.

Rising risk from uninsured, flooded cars

Warning to used-car buyers: Uninsured vehicles damaged by Hurricane Harvey flooding won't be retitled as junk or salvage, may be resold in private sales.

Storm-driven sales gains disappear

Used and new auto replacements tied to hurricanes Harvey and Irma almost disappeared in November after driving substantial gains in September and October.

Tennessee law fuels used-car recall fight

Proponents of a new Tennessee law regulating sales of recalled vehicles call it a step forward in closing what some call the used-car loophole. Consumer and safety groups call it a sham.

CarMax Q3 earnings rise 8.9%

CarMax said its net earnings rose 8.9 percent to $148 million in its third fiscal quarter from the year-earlier period, led by an 8.2 percent rise in used-vehicle sales.

Pay us for recalled used cars, dealers say

Federal law requires automakers pay a dealer 1 percent of the value of a new car that is under recall to cover floorplanning, insurance, depreciation and other costs, but there is nothing similar for used vehicles in most states.

KAR's TradeRev adds features

A new version of TradeRev's used-vehicle purchasing mobile app, from KAR Auction Services, has added dealer-support features.

Off-lease trucks race toward market

A fresh surge of vehicles coming off leases in 2018 will include more light trucks and fewer cars. Increasingly, they'll have low mileage and higher price tags.