Thursday March 21, 2019 08:39 AM As early-as-next-day delivery of car available to Reading area car buyers. Written by Jeff McGaw An Arizona-based used car company that is bent on disrupting the used-car industry in the U.S. is set to begin rattling dealership cages in Berks County. Carvana, which offers consumers an inventory of more than 15,000 cars, conducts all of its financial transactions online, and then delivers the car to the buyer's home, has expanded its "early-as-next-day" delivery program to Reading, Erie and Pittsburgh company officials announced today. Carvana was founded in 2012, and launched in 2013. Through Dec. 31, it had purchased, reconditioned, sold and delivered approximately 166,000 vehicles to customers through its website, generating $3.4 billion in revenue. In May 2017, the company went public selling 15 million shares at $15.00 per share and generating $205.8 million in proceeds after expenses. In April 2018 it completed a follow-on offering of … [Read more...] about Online used car dealer Carvana expands to Berks
Icbc used car report
Looking for a new car? Sometimes buying used -- even if the car is just a year old -- can save you as big money, according to a study done by iSeeCars.com, an automative research firm and search engine.Which used cars will yield the biggest savings over a new version can vary by region. iSeeCars.com analyzed more than 7 million new and used cars sold from August 2018 to January 2019, and found the average difference in cost between a new car and the one-year-older model was 23.2 percent. In some cases, the savings can be as high as 38.5 percent. The methodology of the study can be found here.These are the 5 cars where buyers in the Harrisburg-Lancaster-Lebanon-York region will see the greatest savings in price between new and used.5. Chevrolet ImpalaPercentage difference, used over new: -30.5 percentPrice difference, used over new: $10,0354. Dodge Grand CaravanPercentage difference, used over new: -31.8 percentPrice difference, used over new: $8,966 3. Toyota CamryPercentage … [Read more...] about Buying a car? These used car models can save you the biggest bucks over new in Central Pa.
In October 2016, Corey Jackson was at a used car lot in South Chicago Heights, signing the papers to buy a 2008 Buick LaCrosse. He was excited about the leather interior, sunroof and heated seats — but he didn’t know that the used car was the subject of a safety recall because of problems with an ignition switch defect already implicated in 124 deaths nationwide. The used car salesperson didn’t mention the recall, Jackson says. And because the Markham man bought the car used, he never got a notice from the manufacturer, General Motors. Seven months later, on May 16, 2017, Jackson was driving home from work at WeatherTech, the car floor liner manufacturer, when he tried to pass a car on Bluff Road in Lockport Township. He sped up but quickly abandoned the attempt because another car was coming toward him from the opposite direction on the two-lane road. Suddenly, his car veered off the road and onto the grass, crashing into a tree. The ignition switch had failed, … [Read more...] about Consumers, beware: Used car dealers are selling vehicles despite open recalls
About a decade ago, when Erin Hayes was in her late teens, she bought a used car with a subprime loan from one of those “buy here, pay here” car lots close to her home near Raleigh, North Carolina. One day in 2013, having forgotten to make her payment, she got into her 2006 Kia Optima at work and turned the key, but instead of the car starting so she could go home, it made a loud beeping noise and wouldn’t go anywhere. The lender, without her knowledge, had installed a “kill switch” and triggered it remotely after Hayes missed the payment. “I was very anxious,” Hayes said recently, recalling being stranded with her first car. “They cut the car off, and I was 20 minutes from home. I told them I would try to pay them, and they put it on for an hour. If I didn’t have the payment to them in an hour, they’d cut it off again.” A couple of years later, the same thing happened with her next car, a 2008 Hyundai. Rudimentary kill … [Read more...] about Does your used car have a kill switch? Miss a payment and you might learn the answer the hard way
By Paul Takahashi Published 5:00 am CDT, Thursday, September 6, 2018 A car sits on the Val-U-Line at Sterling McCall Toyota, a Group 1 Auto dealership, which posted record sales, driven in part by strong used car sales Thursday July 26, 2018 in Houston. (Michael Ciaglo / Houston Chronicle) less A car sits on the Val-U-Line at Sterling McCall Toyota, a Group 1 Auto dealership, which posted record sales, driven in part by strong used car sales Thursday July 26, 2018 in Houston. (Michael Ciaglo / Houston ... more Photo: Michael Ciaglo, Staff Photographer / Houston Chronicle Sterling McCall Toyota internet sales manager Auggie Mathis, left, and used car manager Max Dinh walk along cars on the Val-U-Line Thursday July 26, 2018 in Houston. The Group 1 Auto dealership posted record sales, driven in part by strong used car sales. (Michael Ciaglo / Houston Chronicle) less Sterling McCall Toyota internet sales … [Read more...] about Houston hits the gas on used car sales