Used Car News

Five used-car lots in Detroit have been shut down for trafficking stolen cars and stolen auto parts.

The Secretary of State suspended operating licenses at Hende Auto Parts, Best Price Auto Sale, Sold Auto Sales, Big 3 Auto Sales and A One Auto Sales.

Investigations found suspicious transactions by dealers, such as trying to obtain clean titles for salvage vehicles.

At one dealer, stolen parts were discovered and 30 cars were seized by police.

Tesla is now selling used electric cars 

Elon Musk now sells used cars. The billionaire's electric car company, Tesla Motors, quietly launched a pre-owned vehicle program at the end of April — a new scheme that offers older versions of its Model S sedan for lower prices than new models. The used cars still come with Tesla maintenance and reliability checks, and like other high-end car makers, Musk's company gives a 4-year or 50,000-mile warranty on pre-owned vehicles.

A Tesla spokesperson told The Wall Street Journal that the used cars would be stored at a Tesla location, allowing customers to collect their car directly, or have it delivered to their home. For now, limited supplies of the used Model S electric cars mean that the new scheme is currently only available in 11 US cities, with supplies coming from display models or owners who traded their older sedans in for new all-wheel-drive models under Tesla's trade-in schemes. But the company can expect an influx of older vehicles soon, as owners who bought their first-generation Model S on a three-year lease in 2013 return the car to the manufacturer.

• The Safest Used Cars for Under $10K, According to Consumer Reports

• Chevrolet Malibu (2009-2012, 4-cyl.): Starting at $8,125
• Ford Fusion (2010-2012, 4-cyl. and hybrid): Starting at $8,325
• Hyundai Sonata (2006-2014, 4-cyl., non-turbo): Starting at $5,450
• Kia Soul (2010-2011): Starting at $8,925
• Toyota RAV4 (2004-2012, 4-cyl.): Starting at $5,590

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