Latest OnLine Editon  Read Here

LEGAL UPDATE: Sean Petersen, NIADA senior vice president of legal and governmental affairs, talks about recent legal issues affecting independent dealers.  One change in Nevada regulates the use of starter-interrupt and GPS devices.

Carvana Moves into LA

Carvana Moves into LA Featured

Carvana Co. has moved into the nation’s largest car market.
The company recently launched operations in Los Angeles. This is Carvana’s 37th market.
Less than five years after selling and delivering its first car in Atlanta, Carvana has rapidly expanded its local market presence.

Last modified on Wednesday, 06 September 2017 16:59
Rate this item
(0 votes)

Related items

  • Dealers Grow Less Optimistic

    More dealers feel market conditions are weakening.
    The Cox Automotive Dealer Sentiment Index fell to 45 in the third quarter, which means more dealers felt market conditions were currently weak relative to those who felt market conditions were strong.
    Pricing pressure, increasing costs of doing business, declining profits, slow customer traffic and a lack of inventory, especially for independent dealers, are the factors that drive dealers to be less positive about the current market.
    Dealers were more positive about the next three months. More dealers expected conditions to be strong in the future, compared to those who think conditions will be weak.
    Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchise and independent auto dealers, the index measures dealer perceptions of current retail auto sales and sales expectations for the next three months as “strong,” “average” or “weak.” The survey also asks dealers to rate new car sales and used car sales separately along with a variety of key drivers including consumer traffic.
    Responses are used to calculate an index where any number over 50 indicates that more dealers view conditions as strong rather than weak.

  • AFC Partners with TradeRev for Promotion

    Automotive Finance Corp. announced a promotion aimed at encouraging dealers to "go digital."
    The promotion allows dealers to pay no AFC floor plan financing fees and zero percent interest for 45 days on any vehicles bought and sold on TradeRev. TradeRev offers live, one-hour digital auctions.
    The TradeRev – AFC promotion runs until Dec. 31.

  • Hearst Auto Unveils New HQ

    Hearst Autos announced the opening of its new permanent office in Chamblee, Ga., just outside of Atlanta.
    Located in Chamblee’s Antique Row district, the office has an open floor plan dedicated to optimizing workflow, including whiteboard spaces that allow teams to share ideas openly and track design sprints over multi-day sessions. The decision to move into a new space was based on the company’s strong growth over the last year and its desire to establish a permanent Hearst Autos presence in Atlanta.
    The company commissioned local artist, Yoyo Ferro, to paint a custom mural in the reception and kitchen areas, and employees collaborated on Atlanta-inspired conference room names.

Copart Expands Facility

Copart Expands Facility

Copart Inc. expanded its New Orleans facility.The auction is located at 14600 Old Gentilly Road. The New Orleans expansion marks the twelfth Copart expansion announced this calendar year.

NABD Honors CFO

NABD Honors CFO

The National Alliance of Buy-Here, Pay-Here Dealers has inducted several high-profile operators into its Hall of Fame. But this year the NABD took the opportunity to honor somebody who played...

  • CarMax Moves into New Market
    CarMax Moves into New Market CarMax Inc. celebrated the grand opening of its first store in Michigan, located in Kentwood at 4431 28th Street. The Kentwood store will have the capacity to stock approximately 200…
  • DMS Incorporates Carfax
    DMS Incorporates Carfax Auto/Mate Dealership Systems has integrated its dealership management system with myCarfax Service Shop tools to help their dealer customers increase the success of their fixed operations. This enhancement makes it…
  • CarMax Grows in California
    CarMax Grows in California CarMax Inc. is currently hiring more than 40 associates for the company's third store in the Bay Area of California. The store, scheduled to open in November, will be located…
  • CarMax Reports Higher Sales, Revenue
    CarMax Reports Higher Sales, Revenue CarMax Inc. reported higher sales and revenue for the second quarter ended Aug. 31. Net sales and operating revenues increased 2.9 percent to $4 billion. Used unit sales in comparable…
  • CarMax Opens Store in Northeast
    CarMax Opens Store in Northeast CarMax Inc. celebrated the grand opening of its new store in Albany, N.Y.The store is located at 1860 Central Ave. The Albany CarMax has the capacity to stock approximately 200…
  • TV Host Takes Cheap Shot at Dealers
    TV Host Takes Cheap Shot at Dealers The latest attack on subprime automobile dealers came in the form of HBO’s satirical news/comedy show “Last Week Tonight with John Oliver” on Aug. 14. The 17–minute segment slammed the…

    Auto Lending: Last Week Tonight with John Oliver (HBO)
  • Carvana Moves into Midwest
    Carvana Moves into Midwest Carvana announced its expansion into Columbus, Ohio. This launch marks the company’s first market in the Midwest region and first in the state of Ohio. Columbus marks Carvana’s seventh new…
  • America’s Car-Mart Moves Fewer Units
    America’s Car-Mart Moves Fewer Units America’s Car-Mart Inc. reported net income of $7.1 million in the quarter ended July 31.The buy-here, pay-here chain reported revenues of $146 million compared to $143 million for the prior…
  • Dealers Use In-House CRM to Drive Sales
    Dealers Use In-House CRM to Drive Sales Robert Beck, president, Stop ‘N Drive Motors, San Antonio, Texas: “We have one location and we opened up in 2005. “We usually stock about 40 to 50 cars. We have…
  • Carvana Partners with Credit Union
    Carvana Partners with Credit Union Carvana has partnered with LGE Community Credit Union. Through the partnership, LGE members can browse Carvana's online inventory of vehicles and purchase a car and have it delivered to them…