Auto Retail News

Are you finding it difficult to stock enough of the high-gross vehicles you need? You’re not alone. A strong demand for used inventory is putting the squeeze on dealerships—driving up auction prices and pressuring profit margins. The National Aut

RICHMOND, Va. — CarMax, Inc. (NYSE:KMX) this week reported results for the first quarter ended May 31, 2012. Net sales and operating revenues increased 4% to $2.77 billion from $2.68 billion in the first quarter of last year. Used unit sales in

FORT WORTH, Texas — General Motors Financial Company, Inc. (“GM Financial” or the “Company”), announced the pricing of a $1.2 billion offering of automobile receivables-backed securities through lead managers Barclays, Deutsche Bank Sec

PARSIPPANY, N.J. — Avis Budget Group, Inc. (Nasdaq:CAR) this week introduced the Ultimate Test Drive, a new program designed to respond to consumer demand for the purchase of well-maintained used cars. The initiative, in collaboration with Auto

Marks Important Step Toward ENERGY STAR Certification for Dealerships McLean, VA  – The National Automobile Dealers Association (NADA) has introduced a fully automated online energy usage survey as part of a national effort to understand energy co

Online Auto Insurance Quote Submission and Purchasing Activity Maintains Momentum in 2011 RESTON, VA – comScore, Inc. (NASDAQ: SCOR), a leader in measuring the digital world, this week released its 2012 Online Auto Insurance Shopping Report, which

Florida House Bill 1223 and Georgia House Bill 865 carry deadlines of Jan. 1, 2013  PHILADELPHIA – VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing, is assisting automot

KPA Local Engage is a social media service dedicated to bringing a dealer’s unique brand to their local community. Lafayette, CO — KPA announced recently the launch of KPA Local Engage, the first social media service in the automotive indust

NEW YORK — Data through May 2012, released today by S&P Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed that all loan types saw a decreas