Used-car retailer grapples with waning demand in face of economic challenges.
The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices.
36 states alleged the used-car retailer sold cars with open safety recalls without letting buyers know.
Sales fall due to customer affordability concerns. Company offering lower-priced models, cutting its costs.
NuVinAir Global has named former AutoNation and CarMax executive Troy Blackwell senior vice president of global operations.
Kerrigan Advisors analysts say the stock prices for America’s seven publicly traded dealership groups are outpacing the broader U.S. equity markets and could soar higher on lower interest rates and new trucks.
Carvana broke into the top 10 in its first appearance on Automotive News’ list of the nation's Top 100 Used Retailers, more than doubling its output to more than 94,000 units and outpacing the Asbury, Larry H. Miller, and Ken Garff groups.
Honda Motor Co’s order that its U.S. dealers stop selling some 2.2 million of the automakers’ most popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazardous air bags or other safety defects, reports Reuters. With the recalls affecting Honda vehicles dating back several years, used-car ... Read More »
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