CarMax today announced that its CarMax Foundation — which is designed to enrich the communities where its associates live and work — has recognized nine employees for the second annual CarMax Cares Community Service Award. These associates, from all over the country, were nominated for the award for their “personal volunteer efforts and leadership in […] [Read More]

Telling Auto Remarketing it is anticipating a strong spring, CarMax revealed Monday it is looking to fill more than 965 positions throughout the U.S., with most being sales and service operations roles. [Read More]

While announcing that its January new-sales projection is coming in at 30 percent below the December high, Kelley Blue Book also revealed that the monthly total is likely to beat January 2011 by 10 percent. In total, the company is forecasting January new-vehicle sales to reach 900,000, coming in at a 13.2 million seasonally adjusted […] [Read More]

TrueCar pinpointed the current vehicle segments with the shortest and longest days’ supply as well as the specific 2011 and 2012 models that are struggling to turn and the ones dealers can’t keep in stock. According to the January 2012 True Trends Report posted Monday, large SUVs, large cars, and large trucks are where the […] [Read More]

Sirius XM Radio has expanded its offering for Chrysler dealers, announcing Monday that these dealerships can now also offer their customers a three-month SiriusXM subscription on all used vehicles that have factory-installed satellite radios — even for non-Chrysler Group vehicles on the dealers’ lots. This deal was already provided to new-vehicle and certified pre-owned customers […] [Read More]

One nominee has a knack for making Hyundai stores successful. Another one served in the U.S. Air Force before beginning a long dealership career. Still another, the car business was love at first sight. In the next group of profiles of nominees for TIME Dealer of the Year Award, these store executives all share what’s […] [Read More]

Vehicle Production Group, which designs, manufactures, markets and distributes models for wheelchair accessibility, selected Ally Financial Monday as the preferred financing provider in the U.S. Officials explained Ally will offer wholesale financing, floor plan insurance and remarketing services for VPG dealers, as well as retail financing for their customers. [Read More]

Two more organizations joined the International Automotive Remarketers Alliance Monday. IARA executive director Matt Marks indicated the two new members are Ready Auto Transport and Harley Davidson Financial Services. “The IARA is pleased to welcome Harley Davidson Financial Services and Ready Auto Transport and looks forward to their participation,” Marks stated. Marks added, “HDFSI is […] [Read More]

Tragedy struck this weekend when a part-time employee of Ritchie Bros. Auctioneers was killed Sunday during a forklift accident at the company’s Orlando heavy-equipment auction site. Ritchie Bros. released a statement Sunday confirming the accident and fatality, while also offering condolences to the family of the deceased and fellow employees. The accident happened while light […] [Read More]

The wholesale market in his area has rebounded in the first few weeks of the year with the bulk of the surge being found among the later-model and pricier vehicles, according to John Brasher of Brasher’s Sacramento Auto Auction. And while the lower-priced units “seemed to be a little bit softer the past two or […] [Read More]