CarMax's Q4 net falls, plans growth in smaller markets
CarMax said its profits fell on flat revenue during its last fiscal quarter, and that it will focus its new stores in smaller markets this fiscal year.
Used-car retailer Shift partners with Cox's Manheim
Shift Technologies, an online used-car retailer, is partnering with Manheim for services such as vehicle storage, reconditioning, imaging and inspections.
Small cars, big interest — for now
Used small cars drew lots of buyers at auctions March 16-23, pushing prices up the most in two years, as used-car dealers loaded up ahead of tax season.
Carvana CEO targets speedy expansion
For Carvana, building scale is key to long-term success. The used-vehicle retailer now has a presence in 55 markets.
Auction group guidelines target safety in the lanes
The National Auto Auction Association's new safety guidelines are aimed in part at preventing dealership employees from distracting drivers in the lanes.
2 Florida stores say digital tags boost efficiency, streamline sales process
Digital price tags for vehicles bolster the one-price, no-haggle policy at two Florida Audi dealerships and shorten the buying process for customers.
Dealers battle pressure on used margins
Dealers depend on used-car profits to offset thinner new-car margins, but now used-car margins are under pressure, too, says Cox Automotive CEO Sandy Schwartz.
Audi to tweak CPO program to boost dealer profitability
Audi in the next 60 days plans to tweak to its certified pre-owned vehicle program to help improve dealer profitability, Audi of America President Scott Keogh told Automotive News.
Fair aims to offer simple, phone-based car purchases
App-based service hopes to satisfy customers' needs for simple, cheap car-buying experiences that don't require commitment.
Used vehicles drive down new-vehicle sales
JD Power forecasts sales of 13.8 million new vehicles this year, down roughly 200,000 from a year ago. Average vehicle prices are averaging $32,200 so far this year.
Do online sites help simplify the purchase? Not so much
Buying a vehicle online can be complex and irritating, with many well-hyped promises unkept, Automotive News' Michael Wayland found while searching for a practical daily commuter car.
Frustrations in finding a CPO hatchback online
A online search for the perfect CPO hatchback quickly turned into a technological nightmare, including accusations of attempted fraud.
Alexa, meet Nexi: AI helps dealers manage used-car lots
Cox Automotive's vAuto unit says its new Nexi, designed to aid dealerships' used-car operations, is the first AI digital assistant for auto retailers.
Mercedes pushes CPO as off-lease cars surge in
As the number of vehicles coming off lease rises, Mercedes is incentivizing dealerships and consumers to push certified preowned sales.
Carvana's Q4 net loss widens to $47.2 million
Carvana's fourth-quarter net loss widened, while strong sales and revenue growth failed to match the retailer's prior guidance to Wall Street, which was not amused.
Hyundai will list all CPO vehicles on Carfax
Hyundai Motor America will start posting all of its dealerships' certified pre-owned vehicles for sale on Carfax's used-vehicle listings.
Toyota, Subaru and Honda lead industry for trade-in loyalty
Toyota, Subaru and American Honda customers are most loyal to the brand, according to a new study examining the rate at which customers trade in vehicles for one from the same segment, manufacturer, brand or model.