Used Car

Carvana notches wins on Wall Street Online used-vehicle retailer sees a path to growth and profitability

Carvana, known for its vehicle vending machines, here and below, never has made a profit. But the Phoenix company has been expanding rapidly with a targeted strategy. Carvana Co. might still be bleeding money, but that has not stopped Wall Street analysts from liking what they see from the online used-vehicle retailer. Carvana this month reported a $38.4 million loss ... Read More »

Why buying a 10-year-old car is a savvy move

A used car sits in San Francisco with a “for sale” sign in its window. Want to make sure your car won’t wreck your budget? Here’s a chart that might help. In a corner of Reddit devoted to visual representations of data, users are buzzing about a graphic that looks at different approaches to car ownership. The graphic, shown below, ... Read More »

Used cars should be checked thoroughly before purchase

Buying used car? Keep an eye out for these factors Used car market is steadily rising in India, as working millennials now prefer to travel according to their convenience instead of having to wait for public transport, or take that weekend trip to rejuvenate themselves. In case you are planning to buy a used car soon or would like to ... Read More »

Looking for a used car? A new used car retailer is coming to the Grand Strand

CarMax, a used car retailer, is coming to Myrtle Beach, located at 4649 Factory Stores Blvd, acting as the fourth location in South Carolina along with Charleston, Greenville and Columbia. According to CarMax public relations representative Dietta Slayton, the Myrtle Beach location will have around 200 vehicles in stock, and will operate with other CarMax stores to transfer vehicles across ... Read More »

GST effect: Used car business could impact the new car market in India

The Goods and Services Tax (GST) that will be enforced from 1 July has the potential to realign the largely unorganized used car market into a more organized frame work say industry leaders. Interestingly, sale of old and new cars is inextricably linked. It is estimated that about 27-28 percent of new car sales accrue through exchange of old models. ... Read More »

Used car website Auto Trader’s profits up 18 per cent

Operating profit in the 12 months to March 31, 2017 was £203.1million, up 18 per cent on the previous year. The increase was driven by a 9 per cent increase in revenue, to £311million, and a 6 percentage point rise in operating margins, to 67 per cent. The group also declared a higher final dividend, bringing the total for the ... Read More »

UK used car outlook ‘resilient’ says Sword Apak

Analysis by wholesale finance software expert Sword Apak indicates the UK used car market will remain ‘resilient’ throughout 2017 as the new car market struggles. Sword Apak based its prediction on its historic detailed knowledge of dealer stocking activities and how the market tends to respond to economic changes. James Powell, executive vice president of Sword Apak, said: “While the ... Read More »

Russ Darrow Group ranked first in Wisconsin for used car sales

Russ Darrow Group was again ranked as the number one used car dealer in Wisconsin based on results compiled by Automotive News and published in the publication’s March 2017 issue. Darrow was ranked number 43 in the country, selling 13,691 used vehicles in 2016, an increase of more than three percent when compared to the group’s 2015 used car sales. ... Read More »

GenNext to fuel used car surge in India

New strategy Mahindra First Choice is pulling out all stops to make the experience of buying used cars comfortable at its outlets Cox Automotive believes the country will be among the top four markets by 2020 Rob Huting has this interesting update about China’s used car market. “Till about five years ago, buying used cars in the Chinese market had ... Read More »

Why Now Is the Time to Buy a Used Car

Photo by Tino Rossini If you’re looking for an awesome deal on a car, buying used is generally the way to go. A gently used vehicle that’s only a few years old will have already taken a depreciation hit, but it should still be in decent condition. And thanks to a flood of off-lease vehicles, now is a great time ... Read More »