Can you sell your used car to a dealership?
As excerpted from https://www.autotrader.com/car-shopping/can-you-sell-your-used-car-to-a-dealership-226998We understand if you don’t want to deal with the responsibilities of selling a used car. While it’s easy to list your car on AutoTrader, not everyone has time to schedule meetings with potential buyers or the desire to negotiate price, verify payment, or work with a buyer who’s trying to get financing. Selling your used car yourself will likely get you more money, but it also takes time — time that some people just aren’t willing to invest. As a result, you may want to sell your old car to a dealership. But will they buy it if you aren’t trading it in for a newer model? We have the answer.
Will a Dealer Buy Your Car?
Typically, many dealerships will be interested in buying your used car regardless of condition, mileage or other factors. Some large dealership chains, such as CarMax, have a policy to buy any vehicle you’re willing to sell, while [...]
Should I sell my car or use it as trade-in?
As excerpted from http://www.latimes.com/business/autos/la-fi-how-to-trade-a-car-20140713-story.htmlThe best advice about trading in your car is to avoid it.
You’ll always get more money selling it on your own, sometimes thousands more.
A quick tour of Kelley Blue Book‘s KBB.com used-car valuation service shows you why. Take a 2010 Honda Accord EX sedan in “very good” condition with 50,000 miles on the odometer and see what it is worth.
Kelley says that the trade-in value is $13,054 and that it would sell to a private party for $14,549. That’s a $1,500 difference, but the gap could be bigger because many dealers don’t offer the full Kelley Blue Book trade-in value. They try to buy at low wholesale and sell at the top retail price.
Trading in a car also complicates the purchase of a new car, giving the dealer an opening to inject more profit into the deal by low-balling your car. It’s also much easier for a buyer to negotiate one transaction [...]
Dodge Charger, F-250 popular with car theives
Auto thefts decline because of technology, but statistics conflictThe most theft-prone vehicle in America might be the Dodge Charger. Or it might be the Ford F-250 pickup truck.
Those are the contradictory conclusions of the National Highway Traffic Safety Administration and the insurance industry-funded Highway Loss Data Institute.
Still, the government agency and private group agree that the theft of late-model vehicles is on a rapid decline in the United States. One reason: automakers’ increasing use of ignition immobilizers, which stop thieves from hot-wiring cars. Nearly 90 percent of 2012 models are equipped with them.
In a report released on Monday, NHTSA said the car stolen most often during the 2011 calendar year was the Charger, with 4.8 thefts for every 1,000 cars produced in 2011. It was followed by the Mitsubishi Galant, Hyundai Accent, Chevrolet Impala and Chevrolet HHR among vehicles [...]
Global sales of BMW Group’s core brand rose faster in June than at Audi and Mercedes-Benz as demand from China and the United States helped the premium carmaker to extend a lead over the two rivals in the first six months of the year.
Sales at the brand were up 9 percent last month to 153,075, the group said today, compared with growth of 5 percent to 140,300 and 8 percent to 131,609 at Audi and Mercedes respectively.
Six-month sales at BMW brand rose 8 percent to 804,000 cars, expanding the lead over runner-up Audi to 24,000 from 11,000 after five months. Half-year sales at Audi and Mercedes rose 6 percent each to 780,500 and 694,000 respectively.
“BMW has stronger momentum than Audi and Mercedes, that won’t change in the second half,” said Hanover-based [...]
- September 11, 2014
- Automakers, Manufacturing, Production
- Posted by sanjay@clevespace.com
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Tesla Motors Inc., the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week, filling the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange.
The electric-car maker will be added to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15, Nasdaq OMX Group Inc. said in a statement Monday. Oracle, which last month said it will join the NYSE, is the biggest company to jump between the competing exchanges.
Shares of Tesla, the carmaker headed by billionaire Elon Musk, have more than tripled this year as the popularity of its new Model S sedan helped the company turn its first quarterly profit. Gaining entry to benchmarks tracked by investors is attractive to public companies because it [...]
- September 11, 2014
- Automakers, Manufacturing, Production
- Posted by sanjay@clevespace.com
- No comments yet
The Toyota Camry and the Honda Civic, the top-selling mid-size and compact cars in the U.S., face risks of reduced production as inventories of the models rise, an RBC Capital Markets report said.
Toyota’s Camry exceeded its seasonal historical average inventory by more than 15 days supply in June and Honda carried about 25 days more Civics than usual, Joseph Spak, a New York-based analyst for RBC, said in today’s report. Camry and Civic were the only models identified as at risk for reduced output among 16 of the top-selling vehicles in the U.S. market. General Motors Co., Ford Motor Co. and Chrysler Group LLC all added U.S. market share in the first six months of 2013, the first time that all three gained first-half share in 20 years. Models such as GM’s Chevrolet [...]
Fiat exercises option to buy additional 3.3% of Chrysler shares
Purchase brings closer a merger of the two automakers- September 10, 2014
- Automakers, Manufacturing, Production
- Posted by sanjay@clevespace.com
- No comments yet
Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.
The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.
Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.
Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.
Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.
Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles [...]