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5 Things Smart Used Car Shoppers Look For

It’s estimated that more than 14 million new cars will be sold in the U.S. this year. If you think that’s a lot, then you haven’t taken a look at the used car market. “It varies month to month, but generally used car sales are at a three to one ratio over new car sales,” says Jesse Toprak, vice president of market intelligence for TrueCar.com, who adds that used car sales in 2012 should total ... continue reading»

Tags: Features, Used Cars, used car buying, used car rankings, used car shopping

U.S. News Launches Used Car Rankings

Justin Sullivan/Getty Images We’re pleased to launch our Used Car Rankings, especially since so many users have asked for them. We hope that they give used car shoppers the same confidence that new car shoppers have when using our New Car Rankings. The used car market is much bigger than the market for new cars. Analysts at TrueCar.com estimate that new car sales this year should reach about 14 million vehicles. Used cars, on the other hand, should total 40 million ... continue reading»

Tags: Features, Used Cars, used car buying, used car rankings

Used Car Prices Declining

Tim Boyle/Getty Images If you’re shopping for a used car, there’s good news. Used car prices are beginning to drop after months of record high levels. Earlier this year, analysts said that used car shoppers should expect to pay more due to higher demand and lower inventory levels. In February, the National Automobile Dealers Association (NADA) Used Car Guide predicted that used car prices would peak in April and May. While this was good for consumers who wanted to trade in ... continue reading»

Tags: News, Used Cars, Used Car Prices

Falling Gas Prices Dragging Down Cost of Fuel-Efficient Cars

If you’ve been eying a used hybrid or fuel-efficient small car, now is the time to buy, while declining gas prices have consumers less concerned with saving money on fuel. As this concern lessens, so does demand for efficient used vehicles, which is leading to a decline in their average retail value. A recent report by the National Automobile Dealers Association indicates that prices for used small and midsize cars and hybrids will be $300 to $900 less in ... continue reading»

Tags: News, Used Cars, Gas Prices, Small Cars, Hybrids, Fuel Economy

Chrysler Group CPO Program Will Include Vehicles from Other Automakers

Automaker certified pre-owned (CPO) programs generally only include vehicles made by that manufacturer. Chrysler Group is trying a different approach. Through a new CPO program called Diversified Certified, Chrysler, Jeep, Dodge, Ram and FIAT dealers will sell used vehicles from other automakers that will be covered with a Chrysler Group warranty. Shoppers looking for a certified pre-owned Honda, for example, may be able to buy one at a Chrysler Group dealership. “Just because we didn’t build the vehicle, doesn ... continue reading»

Tags: News, Used Cars, Chrysler, Dodge, Jeep, FIAT, Ram, certified pre owned cars

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