Growing Number of Shoppers to Buy Used Instead of New

NEW YORK - 

The latest report from IBISWorld and findings from Equifax Canada released this week covered what appears to be a rosy future for the used-car industry, as analysts predict strong growth in the Canadian automotive industry and report more consumers turning to the used-vehicle industry for their next car purchase.

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Automakers Respond to New Canadian Fuel Consumption Values, Ratings

This week, the Canadian automotive industry had time to respond to the Canadian Government’s introduction of an improved test methodology for establishing fuel-consumption values, which will be used for new 2015 model-year vehicles — and the verdict is positive.

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Report: A Used-Car Industry ‘Snapshot’

With more than 250 million used cars on the road in the U.S., and close to 40 million of those vehicles changing hands each year, it’s fair to say the used-car sales business is one of the largest in the country.

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3 Hondas Top Rankings of Most Popular Used Cars

Honda took the top three spots on Kelley Blue Book’s list of 25 most-researched vehicles on KBB.com during January, but it was Toyota leading the way with five of its models cracking the rankings.

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Canadian CPO Sales Start Off With a Bang for European Automakers

2014 is off to a good start for certified pre-owned sales in Canada, as many manufacturers reported double-digit CPO growth.

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Canadian Used-Car Prices to Start Falling in 2015

After rising during most of last year, used-car prices continued their upward trek during the last month of 2013, climbing by 2.5 percent on a monthly basis. And though used-vehicle prices rose by 4.3 percent in December on a year-over-year basis, RVI provided some good news for the future in its latest RVI Risk Outlook.

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Used Sales Expected To Continue Climbing — Lower Pre-Owned Prices & Greater Selection Projected To Spur 2014 Increases

The first month of any year is a time for reflection on the past 12 months as well as predictions for the year to come.

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