RICHMOND, Va. (June 20, 2006) — CarMax announced Monday that its total first-quarter sales grew 19 percent to $1.89 billion from $1.58 billion in the same period of fiscal 2006. Moreover, comparable-store used unit sales increased 6 percent, according to ... [Read More]

TORONTO (June 19, 2006) — GMAC recently took first place in dealer satisfaction in retail leasing and floor planning, while BMW Financial Services grabbed the top rank in retail credit for the second consecutive year, according to J.D. Power and ... [Read More]

HANOVER, Md. (June 16, 2006) — More than 300 attendees, sponsors and exhibitors recently turned out for the National Automotive Finance Association’s 10th Annual Non-Prime Auto Finance Conference in Fort Worth, Texas. In his opening remarks, NAF Association Chairman John ... [Read More]

FORT WORTH, Texas (June 16, 2006) — AmeriCredit Corp. recently announced the recipients of its Auction of Excellence program for the first quarter. Winners include: Midwest: ADESA’s Des Moines Auto Auction in Grimes, Iowa Northeast: Harrisburg Auto Auction in Mechanicsburg, ... [Read More]

FORT WORTH, Texas — AmeriCredit announced it has funded its first Canadian auto loan and is working to re-establish itself as a competitor in the Canadian auto-lending market. In order to renew its lending business in the country, AmeriCredit said ... [Read More]

RICHMOND, Va. — CarMax announced that Thomas Folliard, current executive vice president of store operations, has been elected president, chief executive officer and member of the board of directors. Folliard succeeds Austin Ligon, who is retiring. Executives said Folliard, 41, ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack announced its net income for the first quarter reached $3.4 million, up 66 percent from $2.1 million posted in the same period of 2005. Company executives highlighted the fact that their transaction volume in the ... [Read More]

LAS VEGAS — The best odds in the house last month at the Las Vegas Hilton were not at the craps or blackjack tables; the best odds for the nearly 1,500 dealers from throughout the country were at the National ... [Read More]

BENTONVILLE, Ark. (June 15, 2006) — America’s Car-Mart recently announced the opening of its newest dealership in Sedalia, Mo. This new location marks the second dealership opening since the company’s current fiscal year began on May 1. The company also ... [Read More]

LAS VEGAS (June 14, 2006) — Hundreds of independent dealers, vendors and industry executives were on hand during last week’s National Independent Automobile Dealers Association’s Annual Convention and Expo in Las Vegas to see dealer Tracy Myers, of Winston-Salem, N.C., ... [Read More]