Tag: Used Cars

By on January 8, 2016

auction1

I buy a lot of cars, which means I often find myself thinking about car sellers and buyers. These are two interesting groups of human beings. In many cases, they’re openly trying to screw you. In other cases, they have no idea they’re screwing you, and you don’t discover they have until four days later when you go to put your briefcase in the trunk and it’s full of rain water.

This got me thinking: What is the least trustworthy group of automotive sellers in existence?

I’ve bought cars from all of them. New car dealers. Used car dealers. Family members, friends, auctions, and strangers on the Internet, from Craigslist to Cars.com to Autotrader to web forums. Every transaction is a little different. And every time, I’m wonder to myself: Is this person going to screw me?

That’s why I’m soliciting your opinion on a topic that’s near and dear to my heart (and wallet). Which car seller can you count on to be the very worst?

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By on January 7, 2016

Cadillac1

Would you visit a hotel that rents its rooms by the hour to see a 36-year-old Cadillac with a wrench sticking straight out of the carb?

That old-school Caddy — a 1979 Cadillac Deville D’Elegance — had pretty much popped straight out of Craigslist while I was eating some hashbrowns at a nearby Waffle House. About an hour after I first saw it, I bought it for $500. TTAC compatriot W. Christian “Mental” Ward even helped me drive it off to my dealership.

It was pretty beat up, but the Caddy could still maybe, kinda, sorta play the part of a “Goodfellas” Cadillac if you were far enough away from it. Maybe 50 feet. Maybe 150 feet with a really old pair of eyeglasses.

Between seeing a nice thick solid line of fuel sputtering out of the Cadillac’s tailpipe off Highway 278 and watching its body bounce like a pinata at a kid’s birthday party, I decided to do something.

I decided to write for TTAC again.

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By on December 28, 2015

Carmax

Earlier this week I wrote about how CarMax is heavily constrained by a market that has flip-flopped between six years worth of heavy car sales and about 18 months of resurgent truck and SUV demand. Long story short, CarMax’s acquisition costs for trucks, SUVs and crossovers has gone up considerably, and the supply of this inventory has cratered due to new car dealers keeping the bulk of this inventory for themselves.

Not everybody liked what I wrote. Case in point.

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By on December 10, 2015

2009_Dodge_Journey

There comes a point in our lives when we all fly off the handle. It can happen when we’re still young and ready to believe anything or when we’re old and the voice of those young’uns make us instinctively say nasty, insensitive thoughts.

Temporary insanity comes and goes with the seasons. With that I am about to recommend a car truckster minivan lame duck vehicle that has a surprisingly good fit for one type of buyer in particular: Those with large families who want a new car but don’t really give a shit about cars.

(Read More…)

By on December 7, 2015

PepBoysLogo_PressRelease

Billionaire investor Carl Icahn disclosed a 12-percent ownership stake in Pep Boys and said that Auto Plus, a competitor which he owns, should consider buying the retail parts giant, Bloomberg reported.

In October, Bridgestone offered to purchase Pep Boys’ 800 company-owned stores for $835 million to add to its portfolio of 2,200 stores including Tires Plus, Firestone Complete Auto Care, Hibdon Tires Plus and Wheel Works. The acquisition would create the largest chain of automotive service centers, yet many analysts say Bridgestone may be preparing Pep Boys for a potential sale already.

That tender offer from Bridgestone will expire Jan. 4, according to the report.

(Read More…)

By on November 12, 2015

6

Babies are tough. Bosses can be tougher. But the indisputable boot camp of bare knuckled stress inducers has to be a young dog that hasn’t been given the care, love, and discipline it needs and deserves.

Not even the Volkswagen Passat W8 I bought last year can compare to the ball busting doled out by an 8-month-old female boxer named Luna, a hyper-cute animal that ruthlessly channeled all of my inner Cesar Millan this past weekend, and defecated it right on the carpet.

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By on October 15, 2015

2014-Chevrolet-CruzeRS-010-medium

There was a time when the word ‘cockroach’ was the best way to describe any old Chevy compact.

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By on September 13, 2015

20 - 2001 Pontiac Aztek Down On the Junkyard - Picture courtesy of Murilee Martin

Millennials. Who knows what they’re thinking? Well, maybe GM and Dodge did … in the early and mid-2000s.

According to Edmunds, the 18-34 age group of used car buyers are flocking to some discontinued metal including the Dodge Magnum, Chrysler Pacifica, Pontiac Aztek, Chevrolet Trailblazer and Saturn Outlook.

But, why would they be buying models that were so derided or unpopular when new?

(Read More…)

By on September 9, 2015

meme

I guarantee that every brand loyalist will have a reason to hate me after reading this article.

Every manufacturer sells a shitty car or two and then hides those defects behind a not-so-small army of lawyers, dealers, and corporate employees.

Why?

It’s the corporate American way. In our legal world, the power of denial can save you billions of dollars if you have the right army to fight your battles.

Every manufacturer plays this game. Every… single… one…

(Read More…)

By on September 6, 2015

AutoNation CEO Mike Jackson

AutoNation won’t sell any cars with open recalls, used or new, at its dealerships, according to Automotive News.

AutoNation CEO Mike Jackson said the costly policy would mean that roughly 5 percent to 10 percent of cars on its lots would be unsellable at any one time. The change in policy for AutoNation comes while different bills work their way through Congress that could prohibit used car dealers to sell cars without recall repair work.

“The recall situation for the U.S. auto industry is a black eye. It is a dysfunctional nightmare that the industry should be ashamed of, and customers are right to be angry and confused,” Jackson told Automotive News. “As part of the industry, we have to hold a mirror up and say, ‘What can we do better as a company?'”

(Read More…)

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