used cars

Higher Gas Costs Drive Up Used Car Prices

Higher gas prices are beginning to bite in new and unusual ways. Not only are prices going up at the pump, but they are being propelled upward for smaller, fuel efficient vehicles on used car lots nationwide. Here's why.

Three Late-Model Used Cars That Are Better Than New

For many Americans, buying a new car right now just isn't an option. But for those who need a new set of wheels, there's a way around that problem: Buy one of the right used vehicles, and you'll be in a better position, both financially and from a car value standpoint. Which vehicles? Read on ...

Hertz Announces Online Marketplace for Used Cars

Hertz Corporation (HTZ) announced the launch of an online marketplace to help used-car dealers purchase vehicles from its fleet. The Dealer Direct program will provide dealers with real-time information on available vehicles, Hertz said in a statement. Dealers can purchase the cars directly from Hertz, resulting in lower prices, the company said.

Used Car Prices Fall for First Time Since 'Cash for Clunkers'

Even as overall costs for consumer goods rose 0.1% in September, prices for used cars fell 0.7% during the month, according to data released Friday by the Labor Department. It was the first used car price drop recorded since just before the federal government's "cash for clunkers" rebate program began in July 2009

CarMax Earnings Rise to 48 Cents Per Share

CarMax Inc (KMX) reported quarterly earnings of 48 cents per share, up from 46 cents per share a year earlier. Net sales rose 13% to $2.34 billion, from $2.08 billion a year earlier, the company said in a statement. Comparable store used unit sales rose 4%, with total used unit sales rising 5%.

Just Enough Inflation? Core CPI Up 0.2% in June

The Consumer Price Index fell 0.1% in June, but the core rate rose a higher-than-expected 0.2%, which suggests that the slowing U.S. economic recovery has lowered inflation. But it hasn't triggered deflation -- at least not yet.

CarMax Earnings Zoom as Sales Increase

CarMax (KMX) reported Wednesday that profits rose during its fiscal first-quarter on healthy increases in vehicle sales. In the three months ending May 31, CarMax said it earned $101.1 million, or 44 cents a share, compared to $28.7 million, or 13 cents a share, a year ago.

Save $2 million by driving used cars

Sister-site Aol Autos offers a list of the Best New Car Deals of the Month, pitched on the welcome screen as "Editor Reveals Best Cars to...

Brand Loyalty: Toyota's Loss Is Its Competitors' Gain

Here's more evidence that other car brands are benefiting from Toyota's ongoing recalls: A Kelly Blue Book survey released Wednesday shows that owners of Ford, Chevy, Kia and Hyundai are becoming more loyal to their brands, while brand loyalty among Toyota owners has declined.

An unusual used-car shopping strategy

The AARP magazine had an interesting notion about shopping for used cars. Author Mary Makaruska suggests recruiting a car dealer to act as a search...

How not to buy a car

Check out the video below for the results of a Dateline investigation into one car dealer's slimy sales practices. Here are 2 tips for how to avoid...