Americans increasingly upside down on auto loans as used car values fall
As used car prices gradually edge down, more Americans are underwater on their auto loans and the average amount consumers are upside down is at a record high, a new report found.
Used cars now less affordable for buyers
Consumers have been facing affordability issues with used cars, something that used car dealer CarMax noted in its latest quarter earnings this week.
Used car prices jump 40%: CarMax
CarMax experienced a slowdown in fourth-quarter used car sales volume as its average retail selling price jumped 39.7% annually.
Carvana allegedly leaving car buyers on the hook after selling cars without title
Some buyers have claimed to have waited about a year for the title, well over the 30 days allowed by law in some states for a company to provide the documents
CarMax slammed by inventory shortages
Inventory shortages are serving as a severe headwind for used-car dealers, according to CarMax Inc.
Selling a car? What to consider beyond the price tag
When Erin Adams decided to leave the Portland, Ore., area and consider cheaper locations, she prepared to sell her secondhand 2005 Toyota Scion xB for something a bit more capable of hauling her belongings.
Used car price bubble is about to burst
Soaring used vehicle prices are set for a correction, according to CarMax CEO William Nash.
CarMax offering 24-hour test drives with free Dunkin'
CarMax has teamed up with Dunkin' to offer $10 gift cards to customers who take one of its cars for a 24-hour test drive. The used car retailer is also allowing purchased cars to be returned for a full refund within 30 days.