CarMax posted double-digit increases in both net earnings and used vehicles retailed during the second quarter of its fiscal year. And the company highlighted on Friday that CarMax achieved those results even though six stores in Houston were closed for a week because of Hurricane Harvey, creating a “modest adverse effect” on comparable store used-unit […] [Read More]

While NADA Show 2018 takes place during the height of college basketball’s March Madness championship run, one of its five keynote speakers has a few rings of his own from the college football world. On Thursday, the National Automobile Dealers Association announced the keynote speakers for its annual convention, and Alabama football coach Nick Saban […] [Read More]

The data points Cox Automotive found through its dealership staffing study are startling. Stores have a 67-percent annual turnover rate among its sales teams, and the average cost of hiring a new dealership employee is $10,000. Perhaps one of the primary reasons dealerships are burdened by those personnel challenges is connected to training — or […] [Read More]

Larry H. Miller Dealerships announced Wednesday that it collected nearly $23,500 in school supplies during the company’s “Stuff for Students” campaign this summer.  Throughout August, 11 participating LHM dealerships’ stuffed a vehicle with much-needed school supplies. In partnership with 9News, Volunteers of America Colorado Branch (VOA) and other business partners, the company collected enough supplies to […] [Read More]

In time for this upcoming fall shopping season, Autotrader’s September list of top picks for certified pre-owned deals includes attractive incentives from Volvo, which boasts seven years or 100,000 miles of comprehensive warranty coverage from the original sale date and zero-percent interest for up to 24 months on CPO 2015 S60 sedan models. "If car […] [Read More]

Edmunds announced Wednesday that it has struck a new content collaboration deal with The Associated Press to produce articles for its "Behind the Wheel" column. Edmunds has signed on to provide weekly content to the AP column, which covers vehicle comparisons, car shopping tips, consumer advice and expert automotive opinions. "This collaboration makes perfect sense, […] [Read More]

The Carolinas Independent Auto Dealers Association (CIADA) recently awarded its Quality Dealer of the Year Award to M&M Auto Sales in Lumberton, N.C., during a ceremony following the association's annual Expo. Brothers Chris Moore and Jerry Padrick Jr., who took over M&M Auto Sales from their father about 25 years ago accepted the CIADA’s top award. The […] [Read More]

This year marked the best second quarter ever for the used-car market and the first time there has been more than 10 million used-car sales in Q2, according to Edmunds. Franchised dealers sold 2.95 million used cars during the quarter, and slightly more of those were certified pre-owned than in the same period of 2017, […] [Read More]

Carvana has expanded its footprint coast to coast with the recent launch of its new Los Angeles market — the company’s first in California. The online used-vehicle retailer announced Wednesday that L.A. metro area residents can now browse Carvana.com to finance, purchase and trade in old vehicles. “Our goal has always been to give as […] [Read More]

Kerrigan Advisors announced Tuesday it has appointed former National Automobile Dealers Association president Phil Brady as senior adviser to provide the firm counsel on generational transitions and corporate planning. Brady brings Kerrigan Advisors and its clients over 30 years of experience and extensive relationships based on his automotive and legislative background, the firm said. Brady served as […] [Read More]