Tag Archives: Used

Sale of used cars: GST only on margins made by dealer, says Adhia

The GST rates for second-hand car transactions will be the same as the new cars of the same make — 29 per cent for small cars or 43 per cent for all the other cars. The sale of second-hand cars on the vendor platforms will attract goods and services tax (GST) only on the margins made by the dealer, revenue ... 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 »

Flood of off-lease used cars push prices down, upend market

DETROIT – In 2014, Infiniti leased more than 28,000 Q50 luxury sedans for as little as $329 per month in a growing U.S. market. The leases accounted for more than three-quarters of Q50 sales. Now they’re coming back to haunt the automaker. Like many companies that juiced sales with sweet leases during the past few years, Nissan’s luxury brand now ... Read More »