Used Car

CarMax Hits the Brakes as Used-Car Comps and Net Income Fall

The auto industry has been extremely strong in 2015, with automakers on track to report what might be their best sales figures ever. Yet coming into its fiscal third-quarter report on Friday, used-car specialist CarMax (NYSE:KMX) hadn’t enjoyed the same success that the new-car segment had shown, and investors wondered whether the company’s high-growth phase might have come to an ... Read More »

CAP records 1.8% ‘seasonal decline’ in used car prices

A predicted seasonal decline in used cars sales has seen average values drop by 1.8%, according to Cap’s Black Book. While buyers have been stocking for the New Year during December, many were not buying bulks and demand “softened” as the month progressed, Derren Martin, senior editor at Cap Black Book revealed. Martin said: “The number of actual trade sales ... Read More »

USED CAR NEWS: ​Kia’s Approved Used Car Scheme Wins Award From Car Dealer Magazine

Sandicliffe offers Kia’s innovative Approved Used Car Scheme, which recently scooped the Manufacturer Used Car Scheme of the Year award at Car Dealer Magazine’s prestigious 2015 Used Car awards. The manufacturer was praised for showing a high level of confidence in its used cars and offering the best peace of mind in the market, something which the staff at Sandicliffe ... Read More »

Buying used: Car of the Year winners from 2015

What Car? will be hosting the Car of the Year Awards 2016 in early January. Before then, it’s worth taking a look back at 2015’s winners to see how they’re faring on the used market. You could pick up an award-winning car at a great price. Skoda Fabia 1.2 TSI 90 SE – Car of the Year 2015 The Skoda ... Read More »

Flood-hit cars invade used vehicles market

Now, it should pay to exercise extreme caution while buying used cars. According to automobile experts, touts are likely to sell cars damaged in the recent floods. There are thousands of cars in the city that have taken a battering due to the floods. There have been cases of cars being immersed in water for days on end. In such ... Read More »

Dealer Loses 2nd Bid To Arbitrate Used Car Class Suit

Law360, New York (December 15, 2015, 5:54 PM ET) — A California appellate court on Monday again refused to send to arbitration a proposed class action alleging that car dealer Import Motors Inc. sold used cars as new, saying on remand from the state’s high court that the dealer didn’t prove an arbitration agreement existed. The unanimous three-judge panel said ... Read More »

The value of a full service history

Not having a full service history can wipe almost a quarter off the value of a used car, but beware of fakes A few months ago, I felt mild panic when I couldn’t find my car’s service book. Fortunately, it turned out the garage had simply put it in its proper place at the bottom of the glovebox rather than in ... Read More »

Delhi used car dealers see diesel car shortage as demand surges

At a Delhi-based franchise of Mahindra FirstChoice—the multi-brand used car business of Mahindra and Mahindra Ltd—Saurabh Batra is worried. The franchise owner, who would have been otherwise elated at the flood of inquiries and demand for second-hand diesel vehicles, frets that he won’t be able to replenish his stock. With the Supreme Court barring registration of private diesel vehicles with ... Read More »

Flood-hit cars invade used vehicles market

Now, it should pay to exercise extreme caution while buying used cars. According to automobile experts, touts are likely to sell cars damaged in the recent floods. There are thousands of cars in the city that have taken a battering due to the floods. There have been cases of cars being immersed in water for days on end. In such ... Read More »

Spurt in enquiries for large diesel vehicles in used car market after Supreme Court ban: Survey

NEW DELHI: The ban on registration of larger diesel vehicles with engine capacity of 2000 cc and above in the national capital region has led to a spurt in enquiries for the affected models in the pre-owned car market, a survey by online automobile marketplace CarDekho shows. “In a remarkable trend, the users are searching for their preferred diesel models ... Read More »