Used Cars

Lithia pours $54 million into used-car startup

Lithia Motors is investing $54 million into online used-car buying startup Shift Technologies. The money will help Shift expand technologically and geographically.

Daimler buys 20% stake in VW's Heycar used-car platform

Daimler will buy a 20 percent stake in Heycar, a used-car portal launched last year by rival VW.


EchoPark's appraisal app will be 'real deal'

As part of a makeover for its EchoPark used-vehicle business, Sonic is adding a mobile app and online shopping tool.

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MORE USED CAR NEWS SALES MARKETING
A new philosophy: Turning cars in 30 days

Toledo, Ohio, dealer Denny Amrhein was tied to the hip with a failing, flailing Chryser 10 years ago. And he says the only reason his businesses survived was a clever, borrowed strategy to sell lots and lots of barely profitable used cars.

Used-vehicle prices stronger than expected

Increasing demand for used vehicles, concern over potential tariffs and tightening supplies are causing used-vehicle prices to strengthen instead of taking their normal summer dip.


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