Used Car News

01/11/2025

Along with the 10 new real-life video courses, NAAA is also launching 5 new job-specific video courses that you can assign on a case-by-case basis to your employees.

The new and revamped NAAA Safety Training Program is live and available. The 10 new real-life video courses are now posted. As a reminder, these courses are replacing the 12 animated courses. Individuals will still need to take a test following each course in order to pass. There is a course titled

01/10/2025

For dealers looking to redefine their used vehicle operations so they remain relevant and profitable in the years to come.

Read about the book details below:

Cox Automotive’s Executive Vice President and vAuto founder, Dale Pollak, has released “Invested: The New Science, Strategy & System of Used Vehicle Investment Management,” his latest book that challenges the fundamental beliefs and assumptions of used vehicle operations that have shaped

01/10/2025

In Q4 2024, EV transactions at Manheim increased 59% year over year, similar to the growth recorded in Q3.

The Manheim Used Vehicle Value Index shows that the used electric vehicle market experienced significant fluctuations in 2024, with the used EV value index falling 28% since its peak in July 2022. Meanwhile, the non-EV index declined only 14% over the same period. “In the second half of 2024, h

01/09/2025

Now you can buy a Hyundai the same place where you buy dinosaur balloons and roller skates, all from the comfort of your home and pick the car up at the dealer.

Car buyers around the U.S. can browse, order and finance any new Hyundai vehicle through a participating Hyundai dealer directly on Amazon Autos, and schedule a pickup from the dealer. Amazon’s online vehicle sales experience is available nationally in 54 markets, representing 71 percent of Hyund

01/09/2025

One significant driver of EV buyer satisfaction is the prevalent use of digital tools during the car-buying process. Seventy-six percent of EV buyers indicated they used digital tools in the buying process, whereas only 42% of traditional ICE buyers took steps online (64% of hybrid buyers engaged online tools).

According to the 2024 Cox Automotive Car Buyer Journey Study, EV buyers reported higher satisfaction levels across several critical aspects of the purchase experience, outperforming their traditional internal combustion engine (ICE) counterparts. The data shows that 82% of new EV buyers stated they

01/08/2025

GM CEO Mary Barra talks Trump and the Auto Industry in UCN's latest spotlight story.

DETROIT– General Motors CEO Mary Barra last month discussed the return of President-elect Donald J. Trump to the White House during a fireside chat event with the Automotive Press Association Axios reporter Joann Muller led the hour-long discussion held on Dec. 11 at the Garden Theater in downtow

01/08/2025

Cox Automotive is optimistic about 2025, with plenty of reasons to believe it will be the best year since 2019.
Read the full story below:

New-vehicle sales in 2024 finished near 16.0 million, according to estimates from Cox Automotive’s Kelley Blue Book, an increase of just over 2% from 2023 and the best year for volume since the pandemic. Total new-vehicle sales ended the year strong, just above the Cox Automotive new-vehicle sales

01/08/2025

In December, the wholesale market experienced a steady decline in values; but the rate of decline was slightly lower than the normal rate for the time of year.

Black Book, a division of Hearst that provides used vehicle valuations and residual value forecast solutions, released its Used Vehicle Retention Index for December 2024. The seasonally adjusted Index increased 0.1% (0.2 points) to 148.0 from November 2024 (147.8), which is 2.0% below where it was

01/07/2025

The robotaxis launched in L.A. last fall.

"I got a flight to catch. Why is this thing going in a circle? I'm getting dizzy," Mike Johns said.

01/07/2025

Year end sales were up, Q4 sales were down.

Toyota Motor North America reported year-end 2024 U.S. sales of 2,332,623 vehicles, an increase of 3.7% on a volume basis and an increase of 3.1% on a daily selling rate (DSR) basis compared to 2023. The company reported fourth quarter 2024 U.S. sales of 603,104 vehicles, a decrease of 2.7 percent

01/06/2025

More than one in four vehicles on U.S. roads have at least one open recall, translating to 72.7 million vehicles currently on the road with recall needs.

BizzyCar, a recall management platform for car dealerships, released their Q4 and Year-End Recall Report noting the dominant recall trends that closed out 2024. While 2024 saw a notable decline in recall numbers (27 million) from 2023 (33 million), when factoring in un-repaired vehicles from prior

01/06/2025

The 2024 Community’s Choice Awards celebrate the best businesses and organizations in 180 regions across the nation.

Healey Brothers has been selected for two prestigious 2024 Community’s Choice Awards, for Best Vehicle Dealer in both the new and pre-owned vehicle categories. The honors reaffirm and magnify the trust that Hudson River Valley residents place in Healey Brothers’ exceptional vehicles and trusted

01/04/2025

This is Octane’s first transaction under its new RV/Marine shelf, denoted with the “RVM” ticker.

Octane (Octane Lending, Inc.) announced it has closed a $125.76 million securitization (OCTL 2024-RVM1). The notes will be collateralized by a pool of retail installment loans issued through Octane’s in-house lender, Roadrunner Financial, Inc. that are secured by new and used recreational vehic

01/03/2025

The extraordinary feat was accomplished over 14 days, with the route covering a distance of more than 4,900 km, tackling challenging terrain and extreme climatic conditions and truly demonstrating the Hyundai IONIQ 5’s resilience, advanced technology, and superior performance.

Hyundai Motor Company’s award-winning Hyundai IONIQ 5 took part in a prestigious Guinness World Records title attempt for the greatest altitude change by an electric car. The record attempt was organized by Hyundai Motor India Limited (HMIL) and driven by the professional team from Evo India, wi

01/03/2025

UCN's latest Auto Industry Insider podcast is out!
In this episode host Jeffrey Bellant discusses the current state of the used car market with Scott Vanner, a senior analyst at Cox Automotive.

They explore year-end economic insights, the dynamics of demand and supply in the used car market, the impact of interest rates, trends in used car values, and the growing electric vehicle market.

UCN's Ed Fitzgerald joins in for a Q & A.

click the link to listen in..
https://usedcarnews.com/index.php/ucn-podcast

01/03/2025

Far-UVC, a highly efficacious yet human-safe form of UVC light, continually kills infectious germs while people are present and can be applied as permanent fixtures or portable installations within vehicles.

Freestyle Partners, LLC, announced that it has been granted additional patents for utilizing Far-UVC germicidal light within vehicles expanding its patent coverage in vehicle markets including U.S., Japan, Korea and Europe. Its patents provide exclusive global rights to use human-safe Far-UVC light

01/03/2025

The Automotive Group was receiving “kickbacks” from financing companies when consumers finance a car through the dealership, according to the complaint.

The Federal Trade Commission and Maryland Attorney General have charged Lindsay Automotive Group with systematically deceiving and overcharging car-buying consumers for years, costing them millions of dollars in junk fees and unwanted add-on products. The agencies’ complaint also alleges that L

01/02/2025

The FBI is investigating a CyberTruck explosion outside the Trump Hotel in Las Vegas.

A Tesla Cybertruck burst into flames outside the Trump International Hotel Las Vegas on Jan 1 killing the driver and wounding 7 others. Videos taken by witnesses show the truck exploding and flames pouring out of it, as it sat outside the front door of the hotel. According to Las Vegas Metropolita