Used vehicle compensation can be 'following large mis-selling scandal'

The difference between certified pre-owned and used carsSo you're in the market to buy a car but a new one is out of the question. You'll have to choose between a certified pre-owned vehicle or a used one. They usually have lower mileage, fewer defects or needed repairs than a typical used car. Protected by a manufacturer's extended warranty, they go through inspections and history checks for potential repairs before they can be certified. Easier on your wallet, a regular used car can cost you a lot less than it's CPO equivalent.

A glut of used cars is giving buyers more options

To be sure, Americans for years have bought more used cars than new, but a recent glut of well-equipped vehicles coming off leases is sending more people to the used market. At the same time, the rate of increase for used cars is slowing due to abundant supply, so the gap between new and used prices is growing. Most 2 or 3-year-old cars have backup cameras and Bluetooth technology to link phones to the cars, he said. David Kelleher, who runs a Fiat Chrysler dealership in suburban Philadelphia, lowered used vehicle prices and moved more of them last year. Correction: An earlier version of this story incorrectly stated a "shortage" of used cars.

Small used cars are rising in price

as mentioned in Small used cars are rising in priceTom Krisher | Associated PressTimeFor the past five years, few people wanted a lowly used small car such as the Chevrolet Cruze or Ford Focus. By early this year, analysts and dealers say the spread between small SUVs and cars was so large that the cars became more attractive. Also, rising gasoline prices sent buyers on a tight budget from SUVs and other segments to the lower-cost small cars. So far, there hasn't been a similar shift in sales of new small cars or new or used midsize cars as the truck and SUV boom continues, Drury said. Glenn Mears, owner of five dealerships around Canton, Ohio, including Honda, Nissan, Ford and Fiat Chrysler, says they're having trouble finding compact used cars, but not midsize ones.

The 10 best used cars you can buy to get the most bang for your buck

BMWBuying a used car has always been a good way to get your hands on an affordable, yet reliable car. Recently, automotive search engine iSeeCars.com released a study showing which cars offer the best bang for the buck based on depreciation. With the increasing popularity of new car leasing, there is an ever-growing pool of three-year-old used cars coming off lease. "Consumers who take advantage of these best bargains can purchase a three-year-old car for half the price of what it would cost to buy the same car new." There is also a selection of luxury cars such as the BMW 5 Series and the Mercedes-Benz E Class.

Small, efficient used cars are selling like crazy right now

Something interesting has been happening in the wake of news by Ford and other companies that they would be scaling back their small car offerings in favor of SUVs, trucks and crossovers, used car values for small, fuel-efficient cars have started to rise, according to Automotive News. It's not hard to remember back to the summer of 2008 when gas prices spiked nationwide, and all of a sudden three-cylinder Geo Metros were commanding a used car premium again. What's interesting is that many of these companies cite lack of sales of new small cars as their reason for discontinuing them. Edmunds found in its latest used car report that compact car prices were up by 3.9 percent, which isn't Earth-shattering, but it reverses a general trend for non-SUV and truck sales. By comparison, used car sale prices are up 2.2 percent across the board, again according to Edmunds but that could be attributable to a number of factors.


collected by :Haily Jackson

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