Latest News

The estimated average transaction price for a new light vehicle reached $37,185 in May, according to Kelley Blue Book. New-vehicle prices increased $1,320 from May 2018, while decreasing $208 from…
TrueCar Inc. announced that Chip Perry, its president and chief executive officer, has retired. TrueCar is planning for Perry to continue supporting TrueCar in an advisory capacity. The board has…
CarMax Inc. has opened a new store in Pharr, Texas. This is the company’s first in the Rio Grande Valley region and 22nd in the state. CarMax Pharr is located…
Columbus Fair Auto Auction will welcome Ricart Automotive, running weekly starting June 12. Ricart will be featured in lane 11 with more than 75 vehicles. The sale will feature trade-ins,…
Interest rates for new vehicles dipped to their lowest level of 2019 in May, according to Edmunds. The annual percentage rate (APR) on new financed vehicles averaged 6.1 percent in…
American Honda Motor Co. is recalling 1,082 2017-2018 Clarity Fuel Cell vehicles. Internal components may corrode and cause the water pump to fail. Honda will notify owners, and dealers will…
The Michigan Department of State has suspended the licenses of two Oakland County used-vehicle dealerships after the dealerships were discovered closed and regulation agents were unable to inspect dealership records.…
EBay announced a partnership with CarAdvise, a vehicle repair and maintenance technology platform, to expand the marketplace's tire replacement installation. The new partnership with CarAdvise initially adds 3,500 tire shops…
A used-car dealer who sold a car for cash without reporting it in order to launder what he believed were drug proceeds faces more than a year in federal prison.…
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