With the uptick in average credit scores for vehicle financing across the board, the percentage of subprime loan originations reached its lowest level in 11 years in the third quarter.…
The CarMax Foundation announced the renewal of its partnership with Kaboom. The CarMax Foundation's additional investment of $4.4 million will help Kaboom transform the future of play for kids that…
Black Book’s Used Vehicle Retention Index for November reached 116.5, marking seven months of continuous growth. The Index increased from 116.3 in October. The Index has seen a just one…
CarMax Inc. has introduced a new car-buying service with an initial launch in Atlanta. CarMax’s new service allows customers to buy vehicles either in-store or at home. CarMax plans on…
The estimated average transaction price for light vehicles was $36,978 in November, according to Kelley Blue Book. New-vehicle prices increased by $769 (up 2.1 percent) from November, while remaining flat…
A dealership’s former bookkeeper was sentenced to 30 months in prison for embezzling more than $1.1 million. Vanessa Vence-Small will serve three years of supervised release following her prison term.…
The new-vehicle sales pace in November is expected to be 17.1 million units, a decrease from October’s 17.5 million level, but on pace with the market’s 2018 overall average, according…
The U.S. Attorney charged a Miami couple with wire fraud in connection with a fraudulent online car sales website. Merkourios Alexopoulos and Sabrina Schnekker were indicted for conspiracy to commit…
The Federal Trade Commission is mailing 1,251 checks totaling more than $647,000 to non-profit organizations, churches, schools, small businesses and volunteers that were tricked into buying office supply products at…
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