RICHMOND, Va. — CarMax already operates dealerships in 26 states. After a hiatus of more than two years, the company started construction on a new rooftop this week to raise its state penetration by one more. Executives highlighted the ongoing work now being done on a new CarMax superstore in Baton Rouge, La. This marks the company's […] [Read More]

CARMEL, Ind. — ADESA and NADA University are teaming up for what they're calling the Industry Insight Series, a gathering of experts such as Tom Kontos and Dale Pollak to discuss the current state of the used-vehicle market and where it's headed. The free lunch is followed by a program that begins at 11:30 a.m. CT […] [Read More]

CHARLESTON, S.C. — The Department of Defense recently bestowed some high praise upon American Auto Auction group chief executive officer Steve Simons to thank him for volunteering with troops and civilian employees stationed in Iraq. Simon has spent several years producing and bringing a blues music concert overseas to entertain soldiers and State Department employees. Bluzapalooza […] [Read More]

ALEXANDRIA, Va. — A new study from the Administrative Office of the U.S. Courts reveals that Americans 55 and older are filing for bankruptcy at a higher rate than the rest of the population. Apparently, while many bankruptcies are filed by middle-aged Americans, the percentage of filers ages 55 and over climbed 61 percent from 2002 […] [Read More]

SCHAUMBURG, Ill. — Experian Automotive is offering its analysis of the state of the automotive finance market through the first half of the year during a free Webinar set for today. Melinda Zabritski, director of automotive credit for Experian, plans to touch on a half dozen points during the hour-long session that begins at 1 p.m. […] [Read More]

SARASOTA, Fla. — The chief executive officer of Leedom Group, who also is the dealer principal for a group of five buy-here, pay-here stores in Florida and Georgia, is aiming to create a new advocacy organization — one that can ensure Congress and other federal officials hear the concerns from this segment of the used-vehicle industry. Chris […] [Read More]

PHILADELPHIA — In addition to celebrating its 20th anniversary, VINtek announced it has expanded its direct-to-consumer auto loan service for Bank of America to include offering direct auto finance leads through the company's Tax, Tag and Title Calculator. Bank of America now receives auto loan applications from consumers who have accessed the calculator via www.taxandtags.com, as […] [Read More]

SANTA MONICA, Calif. — While Cash for Clunkers might skew the year-over-year comparison, analysts from TrueCar.com believe just one of the top seven automakers will post a greater sales figure in August than July. That lone manufacturer is Honda, which the site projected this week to have a 1.4-percent sales-performance rise in August over the previous […] [Read More]

CAMBRIDGE, Mass. — When it comes to online vehicle searches during the shopping process, the brand whose shoppers are most loyal is Chevrolet, according to a recent study from CarGurus. The online auto community took more than 1.7 million searches done via Deal Finder — its vehicle-shopping service — and examined them to find out if shoppers looked […] [Read More]

SALT LAKE CITY — DrivingSales.com recently revealed the keynote speaker for the second annual DrivingSales Executive Summit. Giving the address will be Jeremiah Owyang, a popular media analyst, blogger and Web strategist. Owyang, who is a partner at digital strategy advisory firm Altimeter Group, writes a Web Strategy blog that delves into ways corporations can utilize Web technologies […] [Read More]