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Certified Pre-Owned Vehicle Sales Hit a Record

Sales have quadrupled since 2000, according to new study.

by on Nov.07, 2014

BMW, like other automakers, are catering to buyers wanting certified pre-owned vehicles.

Buying a used car has traditionally been a crapshoot, with a very uncertain outcome and little recourse if you pick the wrong vehicle. But the industry has tried to improve your odds – while earning a bit more money – with the introduction of certified pre-owned vehicle programs that have clearly clicked with consumers.

At the beginning of the new millennium, about 500,000 American motorists were buying certified used vehicles. That jumped to 2.1 million last year, and should hit another record for 2014, according to a study by auto sales site

The Automotive Journal of Record!

“Over the next few years, more than 9 million certifiable vehicles will be hitting the market, making now the time for consumers, manufacturers and dealers to pay close attention to the CPO landscape,” said Rick Wainschel, vice president of customer insights at (more…)

Minivan May be Best for Families, but Not Dogs

Four-legged friends need certain amenities.

by on Sep.02, 2014

The best vehicles for dog all have a large rear lift gate to make it easy for them to get in and out.

When it comes to hauling around your kids, soccer gear, groceries and other family accoutrements, it’s hard to beat the classic minivan. But what if you’re adding a dog into the mix?

That’s a question a lot of folks face with 78.2 million people Americans owning dogs, according to The Humane Society. And for those with canines coming along for the ride, the choice isn’t as simple as it might seem.

An Ideal Auto News Source! said 55% of visitors to its website seek out cars and trucks that can accommodate their dogs, and that 75% of its shoppers who have a dog take their pet in the car at least once a month. (more…)

Millennials Reshape the Car Buying Process

The American love affair with cars is downsized, not dead, finds new survey.

by on Aug.12, 2014

Despite reports to the contrary, millennials love cars, but when, what and how they buy them is different than earlier generations.

Reports of the death of the American love affair with cars have been greatly exaggerated, especially when it comes to young Millennial buyers, according to a new report – but what Gen Y wants, and how they go car shopping, is very different from prior generations.

Young shoppers, often saddled with debt, are looking for smaller, cheaper vehicles – and they’re far more likely to do their research online, often with their smartphones, according to new research by AutoTrader, the parent company of several major automotive web services.

The Word is "Free"!

“You hear a lot that this generation doesn’t care about cars,” said Isabelle Helms, AutoTrader’s vice president of research, during an appearance at the Detroit Automotive Press Association. “They do care about cars.” (more…)

Ouch! Used Car Prices at All Time High

Looking for a deal on wheels? Forget about it.

by on Oct.09, 2009

It's been a wild ride for used car prices. Click to enlarge.

It's been a wild ride for used vehicle prices. Click on the chart to enlarge.

Used vehicle prices moved to an all-time high last month, spurred by falling inventories, according to new survey data from Manheim Consulting.

The Manheim Used Vehicle Value Index rose 6.9% in September to a record high of 118.5. The index is adjusted for vehicle mix and seasonality. A value of 100 represents used vehicle prices in January 1995.

Wholesale used-vehicle prices in September rose for the ninth straight month, but have eased somewhat over the last two weeks because of declining retail demand, said Tom Webb, Manheim’s chief economist.

During the last week of September and the first week of October, used vehicles’ wholesale prices dropped “more than expected,” Webb said. also reported that prices continued to climb in September as the supply of certified pre-owned (CPO) and traditional used vehicles continues to tighten.

Heavy-duty full-size pick-ups saw the largest increases in average asking prices, led by the Ford F-250, up 45% year-over-year, followed by the Chevrolet Silverado 2500, which jumped 41% and the Dodge Ram 2500, which has increased 34%.

The numbers are exaggerated since used truck prices were driven to artificial lows last year as fuel prices soared to record levels.


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