Carbiz goes toe to toe with CarMax

Some dealers shudder when they hear used-car giant CarMax is opening a store down the road. This used-only dealer deliberately placed his second store next to a CarMax. Here's his strategy.

China's luxury market to grow to 3M a year, Audi, Mercedes predict

China's premium market will grow to about three million cars a year, Audi and Mercedes executives predicted. Audi is China's best-selling luxury brand but is losing ground to Mercedes.