Used cars offer big deals for car shoppers

11 Sep
2014 Honda PilotOver the past five years, new-car shoppers have driven transaction prices higher and higher by choosing higher-trim vehicles and robust option packages. The average transaction price for new cars is more than $37,000 in 2019, according to Kelley Blue Book. Now, those well-equipped vehicles are starting to trickle down to used-car lots, where they...

China to begin exporting used cars

8 May
Traffic in ChinaThe Chinese government has approved the exportation of used cars for the first time as it seeks to jumpstart its new-car market. Reuters reported Monday on China's decision to begin export in an effort to drive global trade and domestic auto sales. China's auto market saw a decline last year for the first time since the government loosened rules...

Ford begins testing new website tailored to used-car buying

29 Mar
Find Your Ford pre-owned vehicle websiteUsed car shoppers in the Detroit area will have an easier time finding a pre-owned Ford vehicle with the launch of Find Your Ford, a new website from the automaker. Ford announced the new website Wednesday, which comes from two self-driving and electric vehicle engineers inside the Ford X Accelerator program—a place where employees can pitch...

Used car sales skyrocket as high prices drive down new car sales

25 Sep
Lance Treankler receives his replacement Certified Pre-owned 2008 Escalade (source: gm)If you think new cars are getting too expensive, you’re certainly not alone. According to a report Monday by The Wall Street Journal, the gap between the price of the average new and used vehicle is as wide as it’s been in five years, pushing buyers away from dealerships and towards used car lots and classified ads. However, demand for...

The ugly truth: rusty cars aren’t as safe as they were when new

30 Apr
Rusty used Mazda 6 wagon in Swedish crash testRust cuts deep—literally, according to a new study conducted in Sweden. Cars that show merely superficial rust may be considerably more dangerous in the event of a crash. The insurance company Folksam and the homeowner organization Villaägarnas Riksförbund of Sweden performed crash tests on a handful of used Mazda and Volkswagen...

Survey: Appraising your trade-in online makes for a smoother haggling process

30 Dec
Hot Wheels Camaro LineupNearly three-quarters of new car buyers go online to get an idea of what their trade-in vehicle is worth prior to going to the dealership, and almost two-thirds of those estimates are accurate, according to a recent survey conducted for Automotive News. In other words, about half of all car buyers walk into a dealership with a rough understanding...

Diesel deathwatch: No one wants diesels in Germany, either

25 Aug
2011 Volkswagen Golf TDIGermans have had a long, lusty love affair with diesels. While motorists in some parts of the world have largely ignored diesel vehicles (looking at you, America), in Germany, consumers have snapped them up as quickly as homegrown companies like BMW and Mercedes-Benz could turn them out. But not anymore. New reports indicate that $5.3 billion...

The real cost of owning a vehicle in America

23 Aug
Gas pumpOwning a car can be a pain in the wallet. To prove it, AAA has conducted a study that reveals just how much the average American pays for the privilege of having a car (or truck, or SUV, or minivan) in her driveway. There's good news and bad news to be found in the study. Let's get the bad out of the way: AAA says that folks who purchase new cars...

The downside of strong auto sales? Your used car is worth less

22 Aug
Car lotSince 2010, U.S. auto sales have been on a roll. That's been great for the industry as a whole and an encouraging reflection of the economy. Unfortunately, the boom hasn't been so great for vehicle owners, because it's led to a glut of used cars. And that, in turn, has dragged down residual values. The situation has gotten worse in recent months...