CarMax hosted its quarterly conference call today, highlighting several company feats, including an increase in comparable-store used unit sales of 7 percent in its fiscal fourth quarter that ended Feb. 28, as well as an increase of that same metric for the year at 4.4 percent. Total used unit sales were up 12.4 percent in the […] [Read More]

What was your first car? Ask this question of someone and chances are, he or she will crack a smile. Granted, whether that smile is one of nostalgia for a classic ride or humor at one’s humble beginnings — or some combination of the two — may largely depend on the car. (Mine was well over […] [Read More]

Dealertrack Technologies’ monthly TradeTracker Used Vehicle Market Report has been released for the month of March, and the one thing you need to know from it is that customer desires appear to have remained relatively consistent for the last year. For the month of March, the overall most-appraised vehicle in Canada remains the stalwart Ford […] [Read More]

This past month’s certified pre-owned sales revealed an all-time record month for one OEM, as well as a few automakers  that enjoyed their best first month of spring for certified ever. The 116 CPO vehicles sold at Porsche Canada in March represent an all-time monthly record for the automaker, breaking the previous record of 115 […] [Read More]

The arrival of spring also appears to be bringing with it some strong certified pre-owned sales. A few automakers began reporting March results on Wednesday, which can be found below. Kia had an all-time record month with 5,986 CPO sales in March, marking a 55 percent year-over-year increase from March 2014's results as well as […] [Read More]

The certified pre-owned segment allows dealers and automakers to offer more options to consumer — it’s essentially an extra model in your lineup that can bring in customers who might not be able to afford a luxury model, says Mark Templin of Lexus.  But there’s something more important at play here, he said: protection of residual […] [Read More]

Enterprise Car Sales announced today that its locations near Kansas City will help raise funds for the March of Dimes Greater Kansas organization to help support the nonprofit’s Kansas City March for Babies event on May 3. The Enterprise locations in Independence, Mo. and Merriam, Kan. Will donate $100 for every vehicle sold in April […] [Read More]

Kelley Blue Book announced its 2015 Brand Image Award Winners, recognizing the “best brands” based on annual perception data collected from more than 12,000 in-market new-vehicle shoppers. Japanese brands dominated the image awards for non-luxury brands, with Honda maintaining its three-year run as the “best overall brand” as well as “best value brand,” the latter […] [Read More]

This week’s Used Car Market Insights report from Black Book once again focused on how spring in the used-car business is panning out a bit differently from years past. Throughout tax season this year, Black Book has noticed stronger-than-average retention in the entry midsize car and the upper midsize car segments as well as the […] [Read More]

KAR Auction Services announced today that it has named Michelle Kaiser Bray as the company’s new vice president, intellectual property and technology counsel. Bray, formerly a partner for Indianapolis-based Faegre Baker Daniels, will be responsible for assisting the KAR legal team with matters related to global technology transactions, privacy and data security, and intellectual property […] [Read More]