Keyword: usedcars

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  • U.S. auto sales surge in August 2014 to month's highest level in years

    09/03/2014 8:23:04 AM PDT · by SeekAndFind · 25 replies
    Los Angeles Times ^ | 09/03/2014 | By JERRY HIRSCH
    <p>Auto sales rose to their highest August levels in about a decade based on the early reports from automakers Wednesday.</p> <p>Chrysler, Ford, Toyota and Nissan all posted gains while General Motors saw sales slip.</p> <p>Automakers sold about 1.6 million vehicles in the U.S. in August, an increase of about 3% from the same period a year earlier, according to initial industry estimates released Wednesday.</p>
  • Subprime woes are back: This time in used cars

    07/20/2014 7:19:57 PM PDT · by 2ndDivisionVet · 49 replies
    CNBC / The New York Times ^ | July 20, 2014 | Jessica Silver-Greenberg and Michael Corkery
    Rodney Durham stopped working in 1991, declared bankruptcy and lives on Social Security. Nonetheless, Wells Fargo lent him $15,197 to buy a used Mitsubishi sedan. ''I am not sure how I got the loan,'' Mr. Durham, age 60, said. Mr. Durham's application said that he made $35,000 as a technician at Lourdes Hospital in Binghamton, N.Y., according to a copy of the loan document. But he says he told the dealer he hadn't worked at the hospital for more than three decades. Now, after months of Wells Fargo pressing him over missed payments, the bank has repossessed his car. This...
  • Stripper cars going extinct? Blame the seven-year loan

    06/21/2014 10:04:44 AM PDT · by TurboZamboni · 226 replies
    Motoramic/yahoo ^ | 6-30-14 | Steven Lang
    The days when a bare-bones "stripper" car came with vinyl seats, rubber floor mats and no air conditioning are long gone. Today, convenience and cold air come standard for all models, along with a long list of niceties that were once the sole domain of the loaded vehicle. A base Chevy Spark, as one example, offers aluminum wheels, ten standard airbags, power windows — even six months of OnStar service, in case you lock your keys in the car. On the surface, the new car market is offering better values than ever. There is just one small problem with nearly...
  • Need advice on buying a used car (2012 Hyundai Accent)

    04/16/2014 7:04:10 PM PDT · by Kolath · 73 replies
    kolath ^ | 04/16/2014 | kolath
    I'm looking to buy a new vehicle after my old one (2005 Hyundai Accent) hit the 110000 mile mark. I've nicked-named it the "old gray mare" I'll be going to the same Hyundai dealer who sold me the previous Accent. I'm looking at a 2012 Accent which was a lease and it only has 6176 miles on it. Auto Check is "clean" and it's Hyundai "Certified Pre-Owned" (and under it's original warranty). Any advice you can offer to make this a smooth transaction, save some money, and avoid pitfalls? FYI: I'm already pre-approved by my local credit union (helps to...
  • Albuquerque Car Dealer To Pay $2 Million Settlement Over Alleged Sexual Harassment Of Men

    04/01/2014 9:49:20 PM PDT · by smokingfrog · 22 replies
    kwrg.org ^ | 4-1-2014 | KRWG News And Partners
    An Albuquerque automobile dealership is agreeing to pay $2 million to settle a lawsuit alleging that dozens of male employees were subjected to same-sex sexual harassment and retaliation. A consent decree filed Thursday in federal court settles a 2011 suit filed by the federal Equal Employment Opportunity Commission against Pitre (PEE'-tree) Inc., which does business as Pitre Buick. The suit alleged that managers subjected employees to sexual harassment that included solicitations for sex and grabbing. It also alleged that Pitre retaliated against workers who objected.
  • A car dealer’s scientific guide to the 10 worst used vehicles

    01/19/2014 10:57:43 AM PST · by cicero2k · 101 replies
    Yahoo ^ | 1/17/2014 | Yahoo
    Quality is something we all want when it comes to cars, especially older used ones. But how do we get it? I have been studying this question in one form or another for nearly 14 years now. I began my automotive career as a car dealer, buying and selling hundreds of vehicles a year. As time went on, I became an auto auctioneer, a remarketing manager and a part-owner of a wholesale auto auction.
  • 5 Cars You Might As Well Buy New Instead of Used

    05/30/2013 12:49:52 PM PDT · by Responsibility2nd · 54 replies
    Yahoo/The Street ^ | 05/30/2013 | Jerry Kronenberg
    NEW YORK (TheStreet) -- The U.S. used-car market is facing big supply shortages and unusually high prices these days, so consumers might as well buy certain models new instead of used, since there's little difference in price. "We're in a bit of a strange situation right now in that there simply isn't a lot of used-car inventory out there," says Eric Lyman of market tracker TrueCar.com. Dealers have few used cars to sell because not many people bought or leased new vehicles during the 2008-10 economic meltdown, so there's a dearth of 3- to 5-year-old automobiles entering the resale market...
  • Treasury Identifies Kassem Rmeiti & Co. for Exchange and Halawi Exchange Co. ...

    04/24/2013 11:05:11 PM PDT · by Cindy · 12 replies
    U.S. DEPARTMENT OF THE TREASURY ^ | April 23, 2013 | n/a
    NOTE The following text is a quote: www.treasury.gov/press-center/press-releases/Pages/jl1908.aspx Treasury Identifies Kassem Rmeiti & Co. for Exchange and Halawi Exchange Co. as Financial Institutions of “Primary Money Laundering Concern” 4/23/2013 In First Use of Section 311 Against a Non-Bank Financial Institution, Treasury Acts to Protect the U.S. Financial System from Foreign Exchange Houses Tied to Global Narcotics and Money Laundering Networks and Hizballah WASHINGTON – The U.S. Department of the Treasury today named two Lebanese exchange houses, Kassem Rmeiti & Co. For Exchange (Rmeiti Exchange) and Halawi Exchange Co. (Halawi Exchange), as foreign financial institutions of primary money laundering concern under...
  • Why used cars are scarce - and expensive

    02/22/2013 8:04:48 AM PST · by SeekAndFind · 35 replies
    American Thinker ^ | 02/22/2013 | David Paulin
    Yes, Obama's Cash for Clunkers program is definitely one reason used cars are in increasingly scarce supply-- and much pricier than they used to be. But another reason relates to something liberals despise: "trickle down" economics or, in respect to the increasing scarcity of used cars, the fact that low-income used car buyers do better when wealthier Americans (those who can afford new cars) do better. The reason used cars have gotten increasingly scarce and expensive is the subject of a Wall Street Journal article, "Amid New Car Boom, Used Cars Are Gold." Its observations are illuminating: The shortage of...
  • Japan: Fukushima used cars shunned because of unfounded radiation fears

    07/28/2011 3:31:01 PM PDT · by TigerLikesRooster · 18 replies
    Fukushima used cars shunned because of unfounded radiation fears FUKUSHIMA -- Customers are avoiding used cars from Fukushima Prefecture because of harmful rumors that the vehicles are radioactively contaminated, and a used car dealers' association plans to seek compensation from Tokyo Electric Power Co. (TEPCO) for lost sales. Yoshimitsu Nemoto, the 57-year-old owner of "Fukushima auto distribution center," a used car business in the city of Fukushima, describes how radiation fears have hurt his sales. In mid-March, just after the hydrogen explosions at the Fukushima No. 1 Nuclear Power Plant, he was asked by a man looking to buy a...
  • Used car buying tips

    07/10/2011 10:03:54 AM PDT · by CGASMIA68 · 90 replies
    2 day | t1
    Never purchased a used car. Looking at an 07 accord exl, 57000 for 12000 private owner at a garage Price looks in line with vehicle. I know about car fax and will pay to have a Honda dealer look at it but before I get that far; How can a novice tell if the engine is the original and what else should I keep an eye out for? Thanks in advance
  • Is There A Shortage Of Used Cars?

    05/19/2011 9:34:41 AM PDT · by Iron Munro · 97 replies
    WHEC-TV Rochester, NY ^ | May 18, 2011 | Ray Levato
    If you've tried to buy a used car recently -- a lot of people are finding it hard to get what they want. There is something of a used car shortage going on. News 10NBC found out there are a number of factors why there are fewer used cars out there. One is -- more people are holding onto their new cars longer but also, there are fewer rental cars coming on the market and fewer people are leasing vehicles so therefore -- fewer of those cars are out there. Joan Kamisch is trading her 2000 Chevy Lumina for a...
  • Tell everyone -- this government has made transportation for the poor nearly impossible

    04/16/2011 9:37:32 PM PDT · by MeneMeneTekelUpharsin · 30 replies
    Common Sense Journal | 16 April 2011 | Mene Mene Tekel Upharsin
    Tell everyone you know! This government with its "Cash-For-Clunkers" program has deliberately ruined automobile transportation for the poor. Lower middle class and poor individuals nationwide simply can not find reasonably-priced cars to buy in which to transport themselves to perform necessary functions of life, ie: work, school, groceries, healthcare visits, etc. because the cars they can afford are gone. The price of gasoline has skyrocketed and all smaller cars with reasonable gasoline mileage have gone up so high in price the poor can NOT afford to buy them. Some folks are already beginning to ride bicycles to work (really). What...
  • 10 Cars Mechanics Hate

    09/12/2010 7:39:28 PM PDT · by ThinkingBuddha · 159 replies · 1+ views
    autos.yahoo.com ^ | Tom and Ray Magliozz
    These are the cars that cause us to mumble under our breath when they drive by. So smug. So reliable. Sure! Drive right past our shop! How's a mechanic supposed to make a monthly boat payment with so many of these things on the road? Yes, the cars we hate most, as mechanics, are the cars that provide us with the fewest repair dollars. I mean, you see a '99 Jeep Grand Cherokee roll into the shop and you can practically smell the transmission rebuild. But the cars on this list? You'll be lucky to sell their owners a set...
  • Finding good, used cars more difficult these days

    09/11/2010 7:30:20 AM PDT · by Inappropriate Laughter · 74 replies
    Bangor Daily News ^ | 9/10/10 | 9/10/10
    One of my sons had a car accident recently. The car was totaled but fortunately no one was injured. There was only basic insurance coverage, so we started the new (used) car search. Being male and somewhat into cars, this was a challenge that I savored. The eternal hunt for a good car deal is something that is fun in some ways. It is an opportunity to cast lots against the system, trying to find proper transportation by being a hunter-gatherer of the 21st century. Now, I am first to admit to being a bottom feeder when it comes to...
  • AL QAEDA SUPPORTER PLEADS GUILTY... ["Khalid Ouazzani, 32, of Kansas City"]

    05/19/2010 5:12:05 PM PDT · by Cindy · 11 replies · 645+ views
    Note: The following text is a quote: Al Qaeda Supporter Pleads Guilty to Supporting Terrorist Organization Kansas City Man Also Admits to Bank Fraud, Overseas Money Laundering KANSAS CITY, MO—Beth Phillips, United States Attorney for the Western District of Missouri, announced today that a Kansas City, Mo., man pleaded guilty in federal court today to his role in a conspiracy to provide material support to the terrorist organization al Qaeda. He also pleaded guilty to bank fraud and money laundering. “National security is the highest priority of the Department of Justice,” Phillips said. “I applaud the diligent work of our...
  • CBS Face the Nation: Obama ‘Best Salesman’; ‘Keeps Topping Himself’

    09/15/2009 3:46:43 PM PDT · by pissant · 47 replies · 1,272+ views
    Newsbusters ^ | 9/14/09 | Kyle Drennan
    On Sunday, CBS Face the Nation host Bob Schieffer praised President Obama’s recent media blitz for health care reform: "There’s no question he is the best salesman on the staff," but wondered: "Does he run the risk of overexposing himself?" Politco.com’s Roger Simon dispelled that fear: "It is a risk, but he keeps topping himself." Simon elaborated on Obama’s oratory skill: "Every time you think this guy can’t give another speech that’s better than the last one, he gives another speech that’s better than the last one. And he’s achieving his purpose." He added that the President’s address to Congress...
  • List: Top 10 Cars with Highest Resell Value

    08/31/2009 12:44:48 PM PDT · by wrrock · 18 replies · 1,880+ views
    Car Dealer ^ | 8/31/2009 | CDR
    Depreciation is the highest cost associated with a new car. For that reason alone, the resell value of the car should be one of the most important considerations when you buy a new car. If you’re leasing a car, it is the most important factor in determining your lease payment. The following is the list of cars that are expected to retain more of their value in the next three years. See List of Cars with Top Resell Value...
  • Mom and Pop used-car dealers left without clunkers

    08/14/2009 12:18:28 AM PDT · by Lorianne · 13 replies · 856+ views
    WRAL ^ | August 14, 2009 | Michael Felberbaum
    One man's clunker is another man's meal ticket. __ Mom and Pop used-car dealers are feeling the crunch as the old Caravans and Cherokees that provide their livelihood get traded in and banished to junkyards under Cash for Clunkers. By some estimates, three of every five of the used cars turned in for government rebates would have ended up on used car lots or resold for parts. While the Clunkers program helped push sales of new cars in July to the highest level in nearly a year, sales of used cars have taken a beating. "We're struggling and a lot...
  • 'Cash for Clunkers' takes toll on local charities

    08/04/2009 6:42:30 PM PDT · by DogByte6RER · 12 replies · 680+ views
    Fox 5 San Diego ^ | August 3, 2009 | Nadine Toren
    'Cash for Clunkers' takes toll on local charities SAN DIEGO - The parking lot used by Father Joe Carroll's car donation program used to be filled with nearly 1,000 aging vehicles. Now it is almost empty. "I feel good for the dealerships making money, but I feel miserable that it will affect my help with the poor," Father Joe said. While many dealerships are thriving thanks to the Cash for Clunkers program, several local charities are taking a hit, because they rely on donated old cars to raise money for their services. "About 20 to 25 percent of our funding...
  • Used car market rocked by economy

    07/10/2009 8:29:16 PM PDT · by MeneMeneTekelUpharsin · 64 replies · 3,692+ views
    Personal Research | 07-10-2009 | Mene Mene Tekel Upharsin
    In the process of searching for a used car for my children to use to go to school and get to work (summer jobs), I have made a couple of significant discoveries. Many used cars are selling for way below book value because there is no book value due to the incentives for buying new cars and economic conditions. Few banks will give loans on a used car at this time. Many, many used cars are for sale and remain for sale for quite some time. Cars that should have elevated used values are selling for well below "usual" values....
  • Closing Dealers Stun Buyers With Liens On Trade-In

    02/03/2009 10:29:10 AM PST · by ex-Texan · 41 replies · 1,971+ views
    13 CW 31 ^ | 2/01/2009 | AP Writers
    The national wave of auto dealership closures has come crashing down on thousands of people who are on the hook for used-car loans that dealers were supposed to absolve. When a car buyer still owes money on a vehicle he is trading in, the dealer promises to pay off the outstanding loan, then resells the vehicle. But as more dealers go out of business, some are sticking consumers with the bill. Lenders can then go after the previous owner who thought the debt was paid, or repossess the car from the new owner who assumed it came with clear title."It's...
  • Ford recalling 3.6 million vehicles

    08/03/2007 4:21:26 PM PDT · by DaveLoneRanger · 67 replies · 2,496+ views
    Yahoo! News ^ | August 3, 2007 | Ken Thomas
    Ford Motor Co. said Friday it is recalling 3.6 million passenger cars, trucks, sport utility vehicles and vans to address concerns about a cruise control switch that has led to previous recalls based on reports of fires. Ford said the recall covered more than a dozen vehicle models built from 1992-2007. The company said it was responding to concerns from owners about the safety of their cars and questions about the speed control deactivation switch in the vehicles that is powered at all times. The Dearborn, Mich.-based automaker previously had recalled nearly 6 million vehicles beginning in January 2005 because...
  • State prepares to roll out Car Buyer's Bill of Rights

    06/30/2006 8:24:06 AM PDT · by SmithL · 4 replies · 317+ views
    Contra Costa Times ^ | 6/30/6 | Blanca Torres
    For many consumers, buying a used car can be a daunting process, but it will become less risky after a state law goes into effect Saturday. The "Car Buyer's Bill of Rights" is not a perfect solution, consumer experts say, but will protect buyers from getting stuck with a car they don't want or excessive interest rates on their loans. "Consumers will have more leverage and some of the worst abuses will be curbed," said Rosemary Shahan, president of Consumers for Auto Reliability and Safety, an advocacy group based in Sacramento. The law is the most comprehensive reform of car...
  • Used car and boat warning.( Vanity warning )

    09/25/2005 10:59:22 AM PDT · by devane617 · 8 replies · 322+ views
    Me | 09/25/2005 | me
    Wanted to caution everyone thinking of buying a used car, boat, or other used merchandise to use extreme caution that it is not from a storm damaged area.Within a few days, to weeks, we will see several thousand flood damaged car, and boats, showing up at auctions and local car lots around the country.
  • Used car bargain may be all wet

    09/17/2005 7:50:54 AM PDT · by Graybeard58 · 45 replies · 1,911+ views
    Waterbury Republican-American ^ | September 17, 2005 | James Prichard (A.P.)
    GRAND RAPIDS, Mich. -- In the market for a good used car? Watch out for vehicles that sat submerged for days in the flooded streets of New Orleans, Biloxi or other Gulf Coast cities ravaged by Hurricane Katrina. Insurance companies usually purchase such vehicles from policyholders, declare them "totaled" and then sell them at auction to be resold for parts, many of which will still be suitable for use in other cars and trucks. But some unscrupulous dealers and wholesalers buy flood-damaged cars at scrap prices, clean them up, retitle them and resell them. The vehicles may look good, but...
  • Mexico Clears Road for Used Cars

    08/23/2005 7:44:04 AM PDT · by mac_truck · 16 replies · 1,753+ views
    Los Angeles Times ^ | August 23, 2005 | Marla Dickerson and Sam Enriquez
    MEXICO CITY — Wanted: millions of pre-owned vehicles. Inquire south of the border. The Mexican government Monday cleared the way for older cars from the United States and Canada to be imported here, opening a potentially vast new market for U.S. vehicle merchants looking to unload old Detroit iron. The move, part of an amnesty to register as many as 3 million scofflaws tooling around Mexico in illegally imported cars, could provide a boon to Mexican consumers who are expected to benefit from lower prices and a better selection. It's also a godsend for a U.S. market glutted with second-hand...
  • Popemobile for Sale?

    04/29/2005 11:07:48 AM PDT · by sully777 · 27 replies · 771+ views
    Reuters ^ | Fri Apr 29, 2005 12:12 PM ET
    ROME (Reuters) - A second hand car once said to be registered in the name of Joseph Kardinal Ratzinger -- the new Pope Benedict - is up for sale on eBay and the sky seems to be the limit when it comes to bidding. The vehicle, a metallic gray 1999 Volkswagen Golf, went up for auction on the German site (www.ebay.de) at a minimum price of 9,900 euros ($12,790) Wednesday and, just over 24 hours and more than 300 bids later, the price had temporarily hit one million euros ($1.3 million). German Web Site n-tv.de identified the seller as Benjamin...
  • Immigration officials try new tactics

    10/17/2004 12:50:21 PM PDT · by NewRomeTacitus · 16 replies · 437+ views
    Omaha World-Herald ^ | 10-17-2004 | AP
    PHOENIX (AP) - Law enforcement officials in the Phoenix area are using new tactics to cut off illegal immigration: They are going after used-car salesmen who sell vehicles to smugglers and are arresting operators of safe houses where immigrants stay after crossing the border. Unlike past crackdowns, which have focused more on stopping immigrants at the border, immigration officials say the new campaign frustrates smugglers by zeroing in on the tools of their trade. The tactic seems to be working in Phoenix, the nation's hub for transporting illegal workers throughout the country. Smugglers, also known as coyotes, typically charge thousands...
  • PRESIDENTIAL DEBATE III (live thread)

    10/13/2004 5:19:44 PM PDT · by Joe Hadenuf · 8,321 replies · 485,453+ views
    10.13.04 | Joe, and the rest of FR.
    45 minutes to go. If there is already a live debate thread go ahead and delete this. I understand posting a live thread has become a somewhat of a political ordeal here, when it shouldn't be. So to take the pressure off, I'm posting this anyway. Do I dare? LOL!
  • Sea salvage to keep cars off used lots

    08/10/2003 12:25:40 AM PDT · by Cincinatus' Wife · 457+ views
    Houston Chronicle ^ | August 10, 2003 | GREGORY CROUCH
    Luxury vehicle owners fearful of parts liability ROTTERDAM, Netherlands -- Smit Salvage has been besieged with calls ever since a Norwegian-registered ship with thousands of luxury cars on board sank late last year in the English Channel. The callers -- used car salesmen, junkyard dealers and modern-day treasure hunters -- guessed correctly that the Rotterdam company was the likeliest candidate to raise the sunken ship, the Tricolor, and its cargo of 2,871 BMWs, Volvos and Saabs, worth about $40 million. What they did not fully consider was the corrosive effect of spending eight months in salt water. Neither were they...
  • NO MARKET FOR USED CARS

    01/10/2003 9:58:07 AM PST · by MeneMeneTekelUpharsin · 215 replies · 2,002+ views
    Vanity | 10 January 2003
    I've noticed that a lot of used vehicles are for sale everywhere. A LOT of nicer later-model vehicles are for sale and they're not moving very fast. SUVs sitting there week after week are NOT selling. Cars are NOT selling. One used car lot near here put out some used Mercedes Benz cars for around $4000 apiece and then moved them off of the lot and now has put them back on the lot (hoping someone would think they sold, I guess). What's the situation elsewhere?