Pick a financial statement metric — net sales and operating revenues, net earnings, used unit sales, finance arm income — and CarMax posted a double-digit jump year-over-year during the third quarter of its current fiscal year.
November was a big month for the U.S., with the Northeast recovering from Hurricane Sandy and President Barack Obama being elected for a second term. And although there is still uncertainty for the future, the economy continues to move upward — right along with used-car prices, according to data from RVI Group.
In the company’s latest Risk Outlook report, RVI said used-car prices saw a monthly increase of 2 percent in November, and are up 4.4 percent year-over-year (for two- to five-year-old vehicles on a seasonally adjusted basis).
The National Highway Traffic Safety Administration said General Motors is recalling 118,800 midsize trucks because the hood of these units may be missing the secondary latch.
The models included in the campaign are the 2010 through 2012 Chevrolet Colorado and GMC Canyon trucks manufactured from Nov. 9, 2009, through Aug. 28.
If the primary hood latch is not engaged, NHTSA indicated the hood could open unexpectedly. During vehicle operation, officials said this condition could obstruct the view of the driver and increase the risk of a crash.