Latest Online Edition Read Here

The Used Car News Report: Carvana and Optimism Grow

buy here

Latest News

DriveTime Grows on West Coast Featured

Wednesday, 21 February 2018 14:08
DriveTime announced the opening of its 145th dealership. The store is located in the San Fernando Valley region of metro Los Angeles. Located between Costco and Target at 5835 N. Sepulveda Blvd, in Van Nuys, Calif., the store has over 14,000 square feet of retail space and room for over 100 vehicles.The dealership is DriveTime’s sixth in the state of California.

CarMax Opens New England Store Featured

Monday, 19 February 2018 02:43
CarMax Inc. celebrated the grand opening of its first store in New Hampshire, located at 300 Keller Street in Manchester. With the opening of this store, CarMax now has a total of 187 stores across 41 states nationwide. The Manchester location has the capacity to stock approximately 240 used vehicles of nearly every make and model and CarMax customers can also request transfers of almost any vehicle to this store from other CarMax locations throughout the country. In celebration of the Manchester store opening, CarMax and The CarMax Foundation awarded $7,500 in donations and grants to The Granite YMCA. Support for this organization came at the recommendation of the Manchester CarMax associates.

Popular News

Capital is growing harder to come by for buy-here, pay-here…
Sonic Automotive Inc. reported that its EchoPark used-car superstores retailed…
CarMax Expands in Northeast CarMax Inc. announced the grand opening…
CoreLane Technologies announced that Automotive Credit Corp. will make the…

CarMax Makes Fortune List Featured

Friday, 16 February 2018 14:06
For 14 consecutive years, CarMax Inc.  has been named by Fortune magazine as one of its 100 Best Companies to Work For. This year, CarMax ranks No. 34.CarMax is now offering four weeks of paid parental leave for hourly and salaried full-time associates following the birth or adoption of a child. This parental leave applies to both non-birth and birth parents. Birth mothers are eligible to add the four weeks of paid parental leave at the end of their approved six to eight weeks of paid medical leave.Additionally, CarMax associates will enjoy the enhanced benefit of additional vacation time based on length of service. The company will continue to look for opportunities to provide pay and benefits for associates in the areas that are important to them.

PassTime Partners with Payment Processor
 Featured

Thursday, 15 February 2018 02:41
Repay – Realtime Electronic Payments, a provider of payment technology products and processing services, announced a new partnership with PassTime.
After consumers submit an electronic payment to the dealer or finance company, Repay immediately processes the payment and automatically sends a message to the merchant and PassTime. The PassTime device receives the wireless command to reflect the current status and the merchant's customer management system is updated with the most recent payment information.

CarMax Announces Bonuses

CarMax Announces Bonuses

CarMax, Inc. announced plans to provide one-time bonuses to most hourly and commissioned full- and part-time associates as a result of the recently passed Tax Cuts and Jobs Act of...

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...

  • 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…
  • 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…
  • 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…
  • 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…
  • Carvana Moves into Memphis
    Carvana Moves into Memphis Carvana is moving into the Memphis, Tenn., market, continuing the company’s rapid expansion across the United States. Carvana now offers free, as-soon-as next-day delivery to local residents in 19 markets.…
  • 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…
  • 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…