Used Car

Consumer Reports: How to buy a used car

(WXYZ) – Used car salesman tactics have been the butt of jokes for years, and chances are you’ve probably heard some horror stories. But don’t let that stop you from buying a used car. Consumer Reports has some great tips to help protect you from buying a dud – And some of these tips can also come in handy if ... Read More »

‘Higher GST rates will turn buyers away from organised used-car market’

GST does not discriminate between new and used cars Players may not be able to increase prices for fear of losing customers CHENNAI, JULY 14:   High GST rates on used cars have hit margins of organised players in the business. GST does not discriminate between new and used cars as the rates are the same. So pre-owned car dealers in ... Read More »

No GST On Used Car Sold By Individual

The Revenue Department today clarified that sale of old jewellery as well as old vehicles by individuals will not attract any GST as the sale is not for furthering any business.Clarifying on Revenue Secretary Hasmukh Adhia’s comments yesterday, the department issued a press statement saying it was informed at GST Master Class yesterday that “purchase of old gold jewellery by ... Read More »

Used-Car ‘Time Bomb’ Expected to Drag on U.S. Auto Sales

It’s going to be tough to beat last year’s record U.S. sales of 17.55 million cars and trucks, according to a new study released Wednesday by AlixPartners. The consultancy expects a total of more than 1 million vehicles to come off lease last year and this year, creating a “used-car time bomb” that drags on demand for new autos. For the ... Read More »

The Best Deals In Off-Lease Used Cars

The 2014 Cadillac CTS is one of the best deals among used cars, having already lost 51.4% of its original value, according to the used vehicle website iSeeCars.com. ( FREDERIC J. BROWN/AFP/Getty Images) With car dealers’ lots being flooded with a tsunami of off-lease vehicles returning to the market following the big post-recession new-car sales surge, used car shoppers are ... Read More »

GST impact on the used car market: Here is how much your new but pre-owned car would now cost

GST or Goods and Services Tax came as a good decision for the Indian automotive industry. A number of segments witnessed a considerable drop in their ex-showroom price which includes the requisite tax. Cars categorised in the SUV segment as well as most other segments have seen a considerable drop in prices. Annoyingly though, hybrids are now more expensive while ... Read More »

GST Rate on Used Cars: Creating An Unintended Challenge for the Automotive Industry

Watching the proceedings in the central hall of the Parliament last night, one couldn’t help but feel the significance of the moment. We saw history in the making, no doubt, and a strong signal to the world that Indian reforms are well on their way. A transformation of this scale and scope is undoubtedly complex and will also be accompanied ... Read More »

Used Car Sales Going Strong in U.S: Analysts

While new car sales have slipped from 2016, robust demand for used vehicles means US car dealerships will still see strong sales this year, industry analysts said Wednesday. Jonathan Smoke, the chief economist for Cox Automotive, said the data already indicate the shift to more used vehicles is well underway.  “Dealers are selling more vehicles but the mix is changing ... Read More »

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 »