Overstock adds clearance lot to vehicle purchasing portal

Howard Wilner, Newly formed partnerships will enable consumers to access much more than three.five million made use of and 200,000 new automobiles though the Internet web-site of Overstock.com, the business announced. Howard Wilner, The internet site has also just introduced two new features to help shoppers discover discounted cars out there in their neighborhood marketplace.

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Economy shifting lots of purchasers toward pre-owned autos

After 20 years of leasing new autos, Denise Cole, a Cook County resident, decided it was time for you to ultimately acquire. She was eyeing a 2008 Chevrolet Malibu but drove property rather inside a year-old Malibu with 20,000 miles around the odometer, The Chicago Tribune reports.Tuesday Chrysler LLC reported a 19.four % drop in U.S. sales compared with March 2007.

Howard Wilner, GM sales were down 18.7 %. Ford Motor Co.'s sales dropped 14.1 percent, and in some cases industry stalwart Toyota was down 10.3 %. Howard Wilner, Instead of getting new vehicles, some consumers are opting for late-model employed vehicles. Though all round new-vehicle sales fell 2.5 % last year, certified used-vehicle sales rose 2 percent to 1.68 million.

Howard Wilner, for this year by means of February-the most up-to-date obtainable data-certified used-vehicle sales increased four %, as outlined by an Automotive News compendium of business figures.

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Howard Wilner CarMax posts reduce profit Used-car retailer CarMax Inc. posted a 48 percent plunge in fiscal fourth-quarter net income in spite of stronger-than-expected used-car sales, as increasing funding fees at its finance unit hit the bottom line, the Wall Street Journal reports. Howard Wilner The Richmond, Va., business also gave a fiscal 2009 earnings forecast that was beneath Wall Street's expectations and said it would slow the pace of store openings amid the difficult environment. CarMax operates 90 used-car superstores.