Tagged Used Vehicles

2017's Top 10 Fastest Selling Used Cars

Among the top 10 fastest-selling used cars in 2017, six were alternative fuel, while four were gasoline engine vehicles.

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Late Model Year Vehicle Values Fall in November

The average price of a used vehicle from model years 2012 to 2016 depreciated in value by 2.2%, in November, according to Black Book. Year-over-year, the average value for these vehicles has depreciated by 13.2%.

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Carvana Adds Second Arizona Market

Carvana has added a second market in its home state of Arizona with the addition of Tucson to its list of cities it offers next-day delivery to, according to a company announcement.

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Manheim to Invest $17M in Dealer Reconditioning Service

Manheim is investing $17 million into its Retail Reconditioning solution — a service that provides dealers an alternative to in-house reconditioning — to enhance its current reconditioning locations and develop proprietary technology to enhance the solution.

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Carvana Expands Into Bakersfield, Calif.

Carvana has expanded its presence in California with the addition of Bakersfield, Calif. to the list of cities it offers next-day delivery to, marking the company’s 40th market since its inception.

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AiM Launches Condition Report Website

Vehicle inspection company Alliance Inspection Management (AiM) has launched Aimcertify.com, a platform that will provide information about the condition of a car or truck located in the U.S. prior to a purchase.

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Used Car Leasing Could Boost Remarketing Activity

With the number of off-lease vehicles coming into the used car market projected to grow in the coming years, it might be the time for used car leasing to make a return, which would boost demand and price at wholesale for several used car segments, according to Swapalease.com.

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PSA Group Creates Used Car Peer-to-Peer Marketplace

PSA Group has created Carventura.com, a peer-to-peer used car marketplace, as a way to bolster its presence in the peer-to-peer marketplace in France, according to a company announcement.

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Carvana Enters Albuquerque, N.M.

Online used car retailer Carvana has expanded its next-day shipping to Albuquerque, N.M., according to a company announcement.

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Carvana Adds Car Vending Machine in Florida

Carvana has opened up its newest car vending machine in Jacksonville, Fla., marking the fifth vending machine the company has opened this year, according to a company announcement.

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