CarMax closed its fiscal year by reporting on Thursday that its total unit sales climbed 13.4 percent during the fourth quarter and 8.3 percent for the 12-month span. According to its latest financial statement, CarMax retailed 176,017 units in Q4 and 671,294 units during the fiscal year that concluded on Feb. 28. Within the wholesale […] [Read More]

Four automakers posted new all-time highs for monthly certified pre-owned sales in March; a month where Autodata Corp. determined the industry turned the second-highest amount of CPO units ever. And perhaps the industry will need other OEMs to join that performance level in order to keep up with the volume of off-lease vehicles hitting the […] [Read More]

Group 1 Automotive on Monday announced the appointment of Daryl Kenningham to the new position of president of U.S. operations effective May 1. Currently, Kenningham serves as Group 1’s regional vice president of the dealer group’s Western region. In his new role, the company said Kenningham will be responsible for all of Group 1’s U.S. […] [Read More]

Autodata Corp. determined the industry in March turned the second-highest amount of certified pre-owned vehicles ever. According to information shared with Auto Remarketing, dealers retailed 243,277 CPO units in March, off by just 0.3 percent year over year when the all-time sales record was established. That’s when the industry delivered 243,944 certified models. The March […] [Read More]

The website of the multi-platform brand ran by TIME’s content and creative collective The Foundry — TheDrive.com — has added a new research and shopping page named SHOP, which instantly gives users access to the latest new and used-car data and connects prospective buyers with nearby dealers. Currently, the new digital innovation integrated across The Drive’s […] [Read More]

Following a public comment period, the Federal Trade Commission said this past Friday that it has approved final consent orders with CarMax, Asbury Automotive Group and West-Herr Automotive Group, settling charges that they touted how “rigorously” they inspect their used vehicle, “yet failed to adequately disclose that some of the cars were subject to unrepaired […] [Read More]

CarGurus launched the company’s inaugural mass-media awareness advertising campaign with two new television ads it debuted on Monday. Over the next 12 weeks, the company said 30-second commercials are scheduled to air on network and cable television in the cities of Nashville, Tenn., Austin, Texas and Denver, in addition to a national YouTube campaign ad. The three […] [Read More]

CarMax will open two new stores in the state of Washington — the used-car retailer’s first locations in the Puget Sound region — the company announced on Friday. One store will be in the city of Lynnwood at 202 Valley Avenue Northwest and the other will be located in in the city of Puyallup at […] [Read More]

Wyatt Johnson Automotive Group recently announced the acquisition of Crown Ford in Nashville, Tenn. With this purchase, Wyatt Johnson, based in Clarksville, Tenn., added to its list of brands in the group portfolio, which already included Buick, GMC, Hyundai, Kia, Subaru, Mazda, Toyota and Volkswagen. The dealer group highlighted Crown Ford, home of “Crown Charlie,” […] [Read More]

It’s likely not unique that a Volkswagen dealership would turn a 2015 model manufactured by its parent automaker. But for the stores that have one of the roughly 12,000 diesel units now cleared by regulators to be retailed, what will be unique about those deliveries is they will be recorded as a new-vehicle sale, not […] [Read More]