Used Car News

11/17/2025

UCN's latest online edition is out! We cover A.I, Collections, Wholesale and Retail Markets, WS Numbers and more.
Click the link to read.
https://issuu.com/usedcarnews/docs/used_car_news_november_17_2025

11/17/2025

Check out the 2025 MAMA Fall Favorites Fest Award Winners!
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The Midwest Automotive Media Association (MAMA) today announced the results of its annual Fall Favorites Fest, where some of the nation’s top automotive journalists gathered to test drive the newest vehicles and select their seasonal favorites. “Fall Favorites Fest is unique because it’s not

11/17/2025

According to the J.D. Power 2025 U.S. Automotive Financing Satisfaction Study customer satisfaction with lenders is heavily influenced by consumer financial health and nearly one-third (29%) of borrowers are now categorized as financially vulnerable.
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With average monthly auto finance payments reaching a record average high of $758 in October and loan terms now routinely extending to upwards of 84 months, affordability has become a major factor for automotive loan customers. According to the J.D. Power 2025 U.S. Automotive Financing Satisfaction

11/16/2025

Lithia & Driveway on Nov. 11 announced the acquisition of Porsche Beverly Hills and Audi Santa Monica.
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Lithia & Driveway on Nov. 11 announced the acquisition of Porsche Beverly Hills and Audi Santa Monica. These luxury stores bring an estimated $450 million in annualized revenue and have the potential to be among the highest volume globally by brand. "We're excited to welcome Porsche Beverl

11/14/2025

The average amount owed on upside-down loans hit a record $6,905 in Q3, edging past the previous high of $6,880 set in Q1 2025.
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More Americans are finding themselves upside down on their car loans, according to the car shopping experts at Edmunds. Q3 2025 data from Edmunds shows that a growing share of owners are trading in vehicles worth less than what they owe — and the debt they are rolling forward is only growing. Mor

11/14/2025

A new Cox Automotive study shows that auto repair customers are most often frustrated with unexpected costs and lack of communication at dealerships .

Nearly half of vehicle owners (45%) are dissatisfied with their dealership service experience—primarily due to unexpected costs and poor communication. Yet, dealership repair costs in 2025 averaged $261, lower than the $275 average at general repair shops.
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A new study released Nov. 11 from Cox Automotive shows a crisis in dealer service retention. Despite a rise in overall number of service visits, U.S. dealerships are losing customers to independent competitors at a steady rate. This is because cars on the road are getting older, yet loyalty to get

11/14/2025

Auto inventory sold with a markdown increased by 1% QoQ for new vehicles and 3% QoQ for used.
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Lotlinx, an auto industry firm with a VIN Performance platform built to help dealers maximize profitability, announced on Nov. 12 its Q3 2025 Quarterly Vincensus Report, a comprehensive quarterly inventory report in the industry. The third quarter of 2025 presented a distorted view of the automot

11/13/2025

2025 CX-50 and CX-50 Hybrid vehicles.
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Mazda North American Operations is recalling certain 2025 CX-50 and CX-50 Hybrid vehicles. The front suspension fastener bolts may not be tightened properly, which can result in suspension component and/or wheel detachment. The NHTSA ID number is 25V737000. Dealers will inspect the front suspensi

11/13/2025

Across industries including logistics, construction, delivery, and field services, small fleets are the backbone of the U.S. economy, yet they remain under-supported and overextended.
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Vehicle Management Systems (VMS), an AI-first fleet management enablement company, on Nov. 11 announced the results of its latest industry survey, revealing that small fleet operators are managing immense workloads with limited resources - while showing strong enthusiasm for adopting new digital too

11/13/2025

Smoke brings nearly three decades of strategic leadership experience across diverse industries.
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Cox Automotive announced on Nov. 11 that Jonathan Smoke has been named executive vice president and chief strategy officer, effective Nov. 10, 2025. Smoke will succeed Amy Mills, who will be departing at the end of the year, following the announcement in July of her retirement after nearly 25 years

11/12/2025

Central Arkansas Auto Auction!
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Central Arkansas Auto Auction celebrated a significant milestone with the grand opening of its state-of-the-art facility in the heart of Beebe, Ark. The new building marks a new chapter for the 28-year-old auction. The expansive new facility features eight auction lanes, modern office space,

11/12/2025

They bring a proven track record in auction operations, client service and team development.
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Manheim has appointed six seasoned leaders to new general manager roles, each bringing a proven track record in auction operations, client service and team development. Together, they reflect the depth and strength of Manheim’s leadership pipeline. Tom Wemhoffhas been named leader of the Southe