Asbury Automotive Group announced this week it is expanding its Nalley brand with a new Nissan and an Infiniti store in Atlanta. The company recently held a groundbreaking ceremony, which included attendees such as Craig Monaghan, president and chief executive officer, and David Hult, chief operating officer of Asbury Automotive; Leon Dorssers, vice president of […] [Read More]

CarMax managed to keep its gross profit per used vehicle turned above $2,100 during a quarter that saw the company’s retail sales climb more than 9 percent. According to the company’s second-quarter financial statement released on Tuesday, CarMax’s total used vehicle unit sales grew 9.2 percent, and comparable store used unit sales increased 4.6 percent […] [Read More]

“Bring Your A-Game.” That’s the slogan heading Autotrader’s new B2B advertising campaign, which the company says is a “rally cry” for dealers to capture the raw emotion behind the hard work of their businesses. The company says it’s also a reflection of its internal motivation to help its customers. “Dealers should have high expectations of […] [Read More]

CarMax already has high-profile partnerships with a pair of professional football teams — the New England Patriots and the Denver Broncos. On Monday, CarMax ventured in the college gridiron ranks with a new partnership with the Minnesota Golden Gophers. As part of the multi-year sponsorship agreement through Learfield Sports' Gopher Sports Properties, CarMax is now […] [Read More]

After Edmunds.com released an analysis last week that showed minivans increasing popularity among millennials, Cars.com teamed up with PBS’s “MotorWeek” to take a look at the hottest models in this segment. In what the site coined as the “Ultimate Minivan Challenge,” editors took a look at five of the most popular current models — with […] [Read More]

The United States Environmental Protection Agency today issued a notice of violation of the Clean Air Act to Volkswagen AG, Audi AG and Volkswagen Group of America, alleging that five of its diesel-powered vehicles include “defeat device” software that circumvents EPA emissions standards for certain air pollutants. Separately, the California Air Resources Board issued an […] [Read More]

CarMax recently signed marketing partnership with Tom Brady’s football team, the New England Patriots. Now the company expanded its relationship with Peyton Manning’s gridiron squad, the Denver Broncos. CarMax highlighted the enhanced partnership with the Denver Broncos now includes extensive branding presence within Sports Authority Field at Mile High as well as media, digital and social […] [Read More]

To finalize the civil action with the multiple federal agencies connected with the faulty ignition switch recall, General Motors has one week to transfer $900 million into U.S. coffers. The settlement announced on Thursday also detailed federal investigator findings of how the OEM “actively concealed the truth” about those faulty ignitions in six discontinued models […] [Read More]

Are Tesla CPO vehicles available in stores? That’s a question a recent Business Finance News article looked to answer, as the news organization reported Tesla opened a new store and service center in South California for both new and pre-owned Tesla Model S vehicles. The news was originally published by the Orange County Register, who […] [Read More]

No, CarMax isn’t going to be checking if quarterback Tom Brady is throwing footballs that are fully inflated. Rather, CarMax finalized a partnership with the reigning Super Bowl champion New England Patriots on Tuesday to be the official used-car retailer of the team. As part of the multi-year sponsorship agreement, CarMax highlighted that the company will […] [Read More]