When is a completed inspection report not a completed inspection report? When it’s issued by CarMax, a California appeals court has ruled.
The court found the country’s largest used vehicle retailer in violation of a state law requiring detailed inspection checklists for certified used vehicles, Automotive News reports. The ruling, which stems from a lawsuit filed by a customer who claimed CarMax sold him a “certified” lemon, shines light on the retailer’s dodgy vehicle inspection practices. (Read More…)
Autumn is here, leaves are falling, and dealers are marking down remaining 2016 inventory to free up room for models that won’t sound old in three months.
It’s a good time to hunt for that smoking deal on the 2016 vehicle of your dreams, but if your dreams — and bank balance — fail to reach that goal, looking back another model year could save you a lot of money.
New car looks and a low entry price can be yours if you’re willing to live with a vehicle boasting limited appeal and awful resale value. These are your best bets. (Read More…)
One- to three-year-old-vehicles are pouring back onto dealer lots, but the predicted drop in used vehicle prices hasn’t happened yet.
Consumer choices (meaning: trucks, trucks, trucks) and the high value of returning vehicles are keeping used prices near record levels, but analysts still expect a drop later this year, Automotive News reports. (Read More…)
The record-setting surge of new vehicle sales as America climbed out of the recession sparked a whole new kind of automotive competition.
A surge in off-lease vehicles returning to dealer lots means the certified pre-owned (CPO) market — once an unsexy afterthought — is now a battleground, and Kia Motors wants everyone to know how well it’s doing. (Read More…)
There’s been a slow, yet steady change in the automotive marketplace over the last eight years, and you, the consumer, have been the lobster sitting in the pot as the change has occurred. The market has gotten significantly worse for car buyers. The number of franchise and independent dealers has been reduced by almost half. And yet, those surviving dealers have had an unprecedented run of year-over-year growth since 2008.
But as that growth has slowed in 2016, car buyers find themselves paying more money for used cars than ever before. We know that the typical American household can’t afford the typical new car sold in America, but we may soon be approaching a day when that same household can’t afford the typical used car, either. In fact, according to NADA Data, the average used car transaction price in 2016 will crest $20,000 for the first time in history, and will be 59.1 percent of the average new car transaction price of $33,903.
What does all of this mean to you? That buying used may not be the smartest financial choice you can make. In fact, it might not be very smart at all.
Electrified transportation isn’t catching fire in the new vehicle market, but sales are positively scorching at used car lots.
The top three fastest-selling one- to three-year-old vehicles in the U.S. today aren’t pickups or SUVs, but a low-volume plug-in hybrid and two EVs, according to automotive data and research company iSeeCars.com. (Read More…)
Not all used cars are created equal.
Used cars have become somewhat commoditized in the last five years, thanks to the rise of pricing tools and third-party advertisers, but there’s still some truth behind the old school notion that every used car is a unicorn.
While most car dealers mean that each car is unique in its mileage, color, trim level, and condition, there’s one hugely important factor that most dealers would prefer you ignore: how they obtained the car.
Each car on the lot has its own story, and knowing those stories might help you figure out if you want a particular car to become part of your life story.
One supermarket’s loss was Ehren Thompson’s gain.
The Sydney, Australia man was able to use a 77-pound wheel of Parmigiano Reggiano cheese he found at a local grocery store to get himself into a used Peugeot hatchback, according to BuzzFeed News. (Read More…)
TTAC commenter Piston Slap Yo Mamma has given us a great gift.
While perusing used cars on his local Craigslist site, he noticed a trend occurring in the vehicle images. Fingers. Lots of them. Obscuring license plates. Possibly, revealing more about the driver than the plate itself.
So numerous were these crooked appendages, often topped with purple or naturally yellow nails, that he felt the need to share them. So, this Tumblr page was born. (Read More…)
Craigslist can be a great place to waste a few hours browsing oddities or finding your next money pit of a project car. I have a few projects but one of my more nostalgic goals is to find a Yugo to add to my collection.
Most examples of the Yugo that pop up online are usually in a non-running state or resemble Swiss cheese, but the crew over at BangShift found the oddest one of them all.