CarMax’s Bad Q3 Results Drag Down Industry

Used-car retailer grapples with waning demand in face of economic challenges.

Used Vehicle Prices Drop as Other Costs Remain High

The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices.

CarMax to Pay $1M to Settle Multistate Recall-Disclosure Probe

36 states alleged the used-car retailer sold cars with open safety recalls without letting buyers know.

CarMax Retools Approach After Disappointing Q2

Sales fall due to customer affordability concerns. Company offering lower-priced models, cutting its costs.

AutoNation’s Blackwell Joins NuVinAir as SVP

NuVinAir Global has named former AutoNation and CarMax executive Troy Blackwell senior vice president of global operations.

Report: Slow Sales Aside, Auto Groups Outperform Market

Kerrigan Advisors analysts say the stock prices for America’s seven publicly traded dealership groups are outpacing the broader U.S. equity markets and could soar higher on lower interest rates and new trucks.

Carvana Crashes Used-Vehicle Dealer Rankings

Carvana broke into the top 10 in its first appearance on Automotive News’ list of the nation's Top 100 Used Retailers, more than doubling its output to more than 94,000 units and outpacing the Asbury, Larry H. Miller, and Ken Garff groups.

Recalled Cars Create A Costly Problem for U.S. Auto Dealers

Honda Motor Co’s order that its U.S. dealers stop selling some 2.2 million of the automakers’ most popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazardous air bags or other safety defects, reports Reuters.  With the recalls affecting Honda vehicles dating back several years, used-car ... Read More »

CarMax Soars as Earnings, Revenues Top Analyst Estimates

CarMax Posts Profit