Used Car News

Used Car News A national trade publication for car dealers.

As the first newspaper devoted solely to the used car industry Used Car News will gather all the news, feature stories, data, studies, statistics and surveys together under one roof and make sense of them for you. To our advertisers, we provide an inexpensive advertising medium so even the smallest advertiser can afford to promote its products. Used Car News provides a targeted advertising medium

aimed at independent used car dealers, wholesalers, buyers and new-car dealers who are at the heart of our industry.

CarGurus has released its U.S. 2025 January Intelligence Report, findings show used retail sales demand could lead to a ...
02/14/2025

CarGurus has released its U.S. 2025 January Intelligence Report, findings show used retail sales demand could lead to a robust spring selling season.

CarGurus has released its U.S. 2025 January Intelligence Report. The report finds 2025 starting with a robust level of sales demand. CarGurus’ Vehicle Demand Index (which tracks monthly departures relative to total dealers) is up nearly 10% year-over-year (YoY) for new, and 8% for used. Demand

Sales incentives declined last month, falling from 8.0% of ATP in December to an average of 7.2% of ATP in January.
02/14/2025

Sales incentives declined last month, falling from 8.0% of ATP in December to an average of 7.2% of ATP in January.

The monthly new-vehicle average transaction price report from Cox Automotive’s Kelley Blue Book was released this week. Key takeaways in January include: The new-vehicle ATP in January was lower versus December by 2.2%, falling to $48,641. The January ATP increased year over year by 1.3%. A ye

AutoNation Finance originated more than $1 billion in loans during 2024.
02/13/2025

AutoNation Finance originated more than $1 billion in loans during 2024.

AutoNation reported fourth quarter 2024 revenue of $7.2 billion, an increase of 8% compared to the same period a year ago on a same store basis. For the quarter, EPS was $4.64 and adjusted EPS was $4.97. Reconciliations of non-GAAP financial measures are included in the attached financial tables

ADESA Indianapolis covers more than 100 acres with almost 12,000 parking spaces.
02/13/2025

ADESA Indianapolis covers more than 100 acres with almost 12,000 parking spaces.

Carvana Co. announced plans for an auction and reconditioning ‘Megasite’ integration in Indianapolis. This effort will bring Carvana’s Inspection and Reconditioning Center (IRC) capabilities to the existing ADESA Indianapolis wholesale auction site, while maintaining digital and in-lane auctio

According to Edmunds, 1 in 4 consumers with negative equity owed more than $10,000 on their auto loans in Q4 2024.
02/13/2025

According to Edmunds, 1 in 4 consumers with negative equity owed more than $10,000 on their auto loans in Q4 2024.

Auto Financial Group, a provider of residual based financing and vehicle remarketing for financial institutions, announced results for Q4 2024. In the last quarter of 2024, AFG signed four new credit unions to its Walk-Away Balloon Lending Program: Bay Area Credit Union, FD Community Federal Credit

The FTC filed a lawsuit in July 2022 against First American, charging the company with trapping small businesses with hi...
02/12/2025

The FTC filed a lawsuit in July 2022 against First American, charging the company with trapping small businesses with hidden terms, surprise exit fees, and zombie charges.

The Federal Trade Commission is sending more than $2.6 million in refunds to small businesses harmed by payment processor First American Payment Systems. The FTC filed a lawsuit in July 2022 against First American, charging the company with trapping small businesses with hidden terms, surprise e

The auction with the highest average score earns the Auction of the Year title, and Carolina Auto Auction’s standout per...
02/12/2025

The auction with the highest average score earns the Auction of the Year title, and Carolina Auto Auction’s standout performance made them the clear winner.

United Auto Credit Corporation named Carolina Auto Auction as the recipient of its 2024 Auction of the Year award. This honor is given to the auction that demonstrates superior performance, exceptional service, and a strong commitment to supporting United Auto Credit’s remarketing efforts. Carolin

Five Kia models set all-time January sales records: Forte/K4 (+29-percent); EV6 (+27-percent); Carnival (+22-percent); T...
02/11/2025

Five Kia models set all-time January sales records: Forte/K4 (+29-percent); EV6 (+27-percent); Carnival (+22-percent); Telluride (+16-percent) and Sportage (+14-percent).

Kia America opened 2025 with the highest January sales in company history by selling 57,007 units. This figure represents a 12-percent increase compared to the same period last year, marking the successful start of 2025 after achieving record annual sales for two consecutive years. Retail sales a

Moore has served in a variety of roles during her 25-year career with Stellantis, including as chief engineer for the al...
02/11/2025

Moore has served in a variety of roles during her 25-year career with Stellantis, including as chief engineer for the all-new Dodge Charger multi-energy lineup.

Chicago Auto Show organizers, in partnership with A Girls Guide to Cars and Women in Automotive, presented Stellantis’ Audrey Moore, vice president and chief engineer of North American sedan programs, with the What Drives Her Trailblazer Award at an event held last week during the media preview

PARENTS announces its annual Best Family Car Awards, honoring 24 winners across hybrids, SUVs, luxury sedans and top-per...
02/11/2025

PARENTS announces its annual Best Family Car Awards, honoring 24 winners across hybrids, SUVs, luxury sedans and top-performing entertainment and technology systems.

PARENTS announces its annual Best Family Car Awards, honoring 24 winners across hybrids, SUVs, luxury sedans and top-performing entertainment and technology systems. Designed to meet the safety, functionality, and budgetary needs of modern families, the winners unveiled at the Chicago Auto Show th

The only business card exclusively tailored for automobile dealers’ business financial needs.
02/10/2025

The only business card exclusively tailored for automobile dealers’ business financial needs.

NIADA has launched a new member benefit – a credit card developed for independent dealers. In its announcement, NIADA stated it wanted to develop an exclusive financial product to add value to its members’ business operations. Therefore, it is offering the National Independent Automobile Dealer

Manheim is already seeing an influx of used EVs into its marketplace. In fact, approximately 106,000 used EVs were sold ...
02/10/2025

Manheim is already seeing an influx of used EVs into its marketplace. In fact, approximately 106,000 used EVs were sold through Manheim in 2024 versus ~51,000 in 2023, a 108% increase.

Cox Automotive is launching a first-of-its-kind certification program designed to help ensure that its Manheim auction locations can safely and effectively handle used EVs as these vehicles increasingly flow back into the automotive ecosystem. The Manheim Location EV Certification Program is a comp

As 2025 began, market trends appeared aligned with pre-pandemic seasonal patterns.
02/10/2025

As 2025 began, market trends appeared aligned with pre-pandemic seasonal patterns.

Black Book, a division of Hearst that provides used vehicle valuations and residual value forecast solutions, released its Used Vehicle Retention Index for January 2025.The seasonally adjusted Index decreased 1.2% (1.7 points) to 146.3 from December 2024 (148.0), which is 2.5% below where it

Following the 30-day negotiated reprieve, S&P Global Mobility’s latest analysis indicates a 30% probability of an extend...
02/08/2025

Following the 30-day negotiated reprieve, S&P Global Mobility’s latest analysis indicates a 30% probability of an extended disruption lasting six to eight weeks.

The North American auto industry is bracing for significant disruptions as the U.S. government has announced potential tariffs of up to 25% on imported vehicles from Canada and Mexico, and 10% for vehicles from mainland China, while components and EVs already are under tariffs of 25% and 100% respec

2025 Kelley Blue Book Best Buy Award Winners!
02/07/2025

2025 Kelley Blue Book Best Buy Award Winners!

Following a year of expert testing of nearly every new and redesigned vehicle available in the United States, Kelley Blue Book, a Cox Automotive brand, has announced the winners of the 2025 Best Buy Awards. The Best Buy Awards is a comprehensive recognition program that spotlights the standout

While servicemembers pay nearly the same for both new and used vehicles as civilian buyers do, servicemembers on average...
02/06/2025

While servicemembers pay nearly the same for both new and used vehicles as civilian buyers do, servicemembers on average pay more in interest and fees than civilian borrowers do and also make those higher payments for longer.

The Consumer Financial Protection Bureau published a report showing that United States servicemembers pay higher costs and face greater financial risks than civilian borrowers when taking out credit to buy a car. The report analyzes more than 20 million auto loans originated between 2018 and 2022, a

Starting February 2025, new dealers who sign up for a Westlake Flooring line of credit will enjoy an exclusive 0% promot...
02/06/2025

Starting February 2025, new dealers who sign up for a Westlake Flooring line of credit will enjoy an exclusive 0% promotional interest rate.

Westlake Flooring Services, a provider of comprehensive flooring solutions, announced 0% promotional interest rates on their floor plan lines of credit. Starting February 2025, new dealers who sign up for a Westlake Flooring line of credit will enjoy an exclusive 0% promotional interest rate, a firs

The selection process, which considers companies in 52 industries globally, identifies those that set the standard for e...
02/05/2025

The selection process, which considers companies in 52 industries globally, identifies those that set the standard for excellence and integrity.

AutoNation was named to the Fortune 2025 “World’s Most Admired Companies” list, a recognition that reflects the company’s ability to thrive in a competitive industry while making a positive impact beyond its business operations. This is the eighth consecutive year AutoNation has been named

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