Archive for May, 2009

More Used Car Dealerships on the Horizon

Some Chrysler and General Motors dealerships got a nasty surprise in the mail last week. As both companies see cash become tighter than it ever was before, underperforming dealers received a letter saying the Michigan-based companies no longer required their services. Ouch. That’s bad news for hard-working folk all over the country, with dealerships being the base upon which a car company’s empire is built. There may be a silver lining for dealers and customers alike however. While some lots have made it clear they intend to fight for their spot with the parent company, others are looking to different … Read more

May 28, 2009 by Maurina | No Comments

Cash For Clunkers Bill to Help Used Car Sales?

That’s the premise behind an article from the Fort Wayne News Sentinel. According to a piece written by Bob Caylor that ran on May 18, industry analysts say that the current slow-down in new car sales may eventually put a crunch on the number of good, used vehicles available to the public. Why? Caylor says in a few years, when today’s new cars should be making their way into the used market, supply will be tighter than it is today. If you remember those boring lessons from your economics class, less supply usually means higher prices.

Critics of the … Read more

May 21, 2009 by Maurina | No Comments

Used Car Values Climb

While automakers are scrambling to get buyers into showrooms to pick up shiny new models right now, used cars seem to be having no trouble finding homes. In fact, a report by Manheim Consulting says used car sales are up by almost 9 percent compared to the beginning of the year. That’s good news for dealers and sellers alike, but the figure is still down nearly 2 percent versus last year. Given that information, it’s no surprise that the report goes on to say dealers are beginning to make up the losses they’re experiencing the new car front with more … Read more

May 12, 2009 by Maurina | No Comments

New Cash For Clunkers Bill Makes Used Cars Eligible

Congress has been hard at work trying to sort out the details of a Cash for Clunkers type vehicle incentive program for months. The basic concept is this: you take your old, gas thirsty car or truck and turn it in at a dealership for a $4,500 voucher toward a new used car or truck of your choice – so long as that car or truck gets 30 mpg or better. Until now, most of the legislation making its way through the legislative branch has only had the vouchers applying toward the purchase of a new vehicle. That is until … Read more

May 10, 2009 by Maurina | No Comments

A Closer Look at Vehicle History Reports

f you’re searching for a used car, odds are you know how important a vehicle history report is to the buying process. A good history check can dig up ghosts from your prospective buy’s past like accident damage, flood damage and whether or not the odometer has been tampered with, but how do the other categories impact a vehicle? Carfax takes a look at everything from lemon complaints to service records to give you the best possible picture of the car’s past, and it turns out each category is just as important as the next. Hop the jump for … Read more

May 7, 2009 by Maurina | No Comments

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