Used Car

How do used cars fare by mileage in UAE?

How do used cars fare by mileage in the UAE? With the aim to find out which countries rack up more kilometers, Carmudi, the best way to sell or buy your car online, analysed and compared thousands of its global car listings. The team further examined data based on car age and fuel type. The cars examined ranged from 2 ... Read More »

Kia wins the ‘best used car manufacturer scheme’ title

KIA’S innovative Approved Used Scheme has snatched the top award at Car Dealer magazine’s Used Car Awards for providing customers with the best peace of mind in the market. Yaser Shabsogh, Kia’s Commercial Director received the accolade from Car Dealer’s James Baggott and Mike Brewer and commented “Having the best new car warranty in the business wasn’t enough for us ... Read More »

Sir Stirling Moss OBE joins the audience at #UCAwards

THIS year’s Used Car Awards was another spectacular success – and there were a couple of very special guests who delighted the audience as proceedings got under way at The Brewery in London. The first was legendary racing driver Sir Stirling Moss, who attended in his capacity as brand ambassador for The WMS Group. The WMS Group sponsored the used car ... Read More »

REC set to raise Rs 2,225 cr at 8.05% via 3-year bonds

Rural Electrification Corporation (REC) is set to raise Rs 2,225 crore via three-year bonds at a coupon rate of 8.05%, bond arrangers close to the development said. Sources said the issue saw a fairly good response, with SBI Caps being the single largest investor at Rs 1,000 crore. “The yield at 8.05% is considered a reasonable rate,” a bond arranger ... Read More »

The differences between new and used car buyers

Predicting behaviour from buyers who conveniently fit a certain profile is somewhat of a pipedream in a fast-moving digital world where lines blur, overlap and conflict, making it increasingly difficult to differentiate between the used and new car buyer. Differences do exist, however, and analysis from professional services agency CACI provides a natural starting point – new car buyers are ... Read More »

Used-car price shift confirms these 2 trends

ATLANTA – Cox Automotive chief economist Tom Webb explained last month’s movement of the Manheim Used Vehicle Value Index confirmed two trends. Webb said it is now certain that the full-year 2015 Manheim Index will post an increase on both an annual average and year-over-year basis. Even though Webb discussed increases in the monthly report, Manheim noticed that wholesale prices (on ... Read More »

AA Cars claims to be first used car portal offering video service

CitNow Web, which offers dealers the ability to upload short video ‘walkarounds’ of their used car stock, has already gone live with AA Cars’ customers, led by premium retail group L&L Automotive. Providing video alongside still photographs of used stock will increase trust between dealers and their customers in the sales process, AA Cars said. Videos present clear information about the ... Read More »

4 used-car segments with ‘interesting’ price strength

LAWRENCEVILLE, Ga. – Midsize pickup trucks may have had the best used-vehicle price strength last month, but the more intriguing development may be among some slightly larger segments. According to a Black Book analysis, midsize pickup prices on Dec. 1 were down just 1.1 percent from where they were on Nov. 1. This movement represented the lowest month-over-month depreciation of any segment. But ... Read More »

Madonna used fake police car to jump traffic?

The 57-year-old singer allegedly hopped in a black Jaguar after her two gigs on Tuesday and Wednesday this week at the O2 Arena here. When the vehicle sped off with blue and red lights flashing from its dashboard and queue jumped through traffic, reports “I was waiting outside the O2 and all the roads were blocked. Nobody was moving, ... Read More »

Atlanta-based Cox Automotive buys stake in Mahindra’s used car unit

India’s leading multi-brand certified used car company Mahindra First Choice Wheels. The deal was announced by Mahindra & Mahindra, the parent company of Mahindra First Choice, which said the transaction occurred through “a secondary sale.” HDFC, an early investor in Mahindra First Choice, sold its entire stake to Cox Automotive, which also bought some shares from AnPhi Advisors, a private ... Read More »