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Sales of used cars fell 3% to 1,743,715 units in the second quarter of 2014 compared to the same period last year, according to figures from Experian. The upper and lower medium vehicles saw the sharpest decline, down 6%, while Superminis, the biggest Edmunds.com estimates that retail SAAR will come in at 13.6 million vehicles in October, with fleet transactions accounting for 16.5 percent of total sales. An estimated 2.96 million used cars will be sold in October, for a SAAR of 35.6 million (compared (Adds closing share prices, CEO and COO comment, S&P rating rise) Shares of the largest U.S. auto dealer group closed at $55.58, up 6.9 percent. Chief Executive Officer Mike Jackson said the U.S. recovery from the recession five years ago would continue Used car sellers are taking a second look at cars on their lots the vehicle identification numbers against a recall database. Charlie Biddle, general sales manager of two Grant Motors locations, said the company subscribes to the Carfax vehicle history In fiscal year (FY) 2012-13, importers brought in 7,353 units of used vehicles, a jump of more than 100% a year “The imported reconditioned car sales have increased due to relaxed of car loan policy. A large number of buyers are middle class people Centre Street Auto Sales in Napanee can help when you’ve made the decision to buy a car. If it's time to either replace your wheels or add an additional set, do you buy new or used? There are many reasons people prefer the notion of buying a new car .

DETROIT -- AutoNation Inc., the largest U.S. new-car retailer, stopped selling used vehicles that are subject to the Takata Corp. airbag recalls and warnings. The action affects fewer than 400 cars, AutoNation spokesman Marc Cannon said in an e-mail today. The head of the nation’s biggest car dealership chain says it won’t sell used cars being recalled for exploding airbags due to conflicting advice from automakers and lack of direction from the government. The recalls are giving the auto industry a 000 on the sale of each car. He claimed that transactions were not being conducted in a transparent manner and without any contribution to the exchequer, as no taxes are paid on profits made by the used car dealers. These imports are also damaging the Within this small overall reduction, MPVs and 4x4s were the only car segments to experience in an increase in sales in the quarter, rising by 3 per cent and 2.6 per cent respectively compared to Q2 2013. Andrew Ballard, Principal Consultant for Experian's .

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