DriveTime announced the opening of its Woodbridge, Va. dealership. Located 20 miles south of Washington, D.C., Woodbridge is home to the Leesylvania State Park and the Occoquan Bay National Wildlife…
New-vehicle sales volume in June is expected to rise 2.1 percent from last year, resulting in a seasonally adjusted annual rate (SAAR) of 16.9 million. The June sales pace is…
DriveTime announced the relocation of its Sanford, Fla., dealership. Located three miles from the previous location, DriveTime is now at 3575 N. U.S. Highway 17-92, in Sanford. The new dealership…
The Conference Board Consumer Confidence Index decreased in June, following an increase in May. The Index now stands at 126.4, down from 128.8 in May. Consumers’ outlook for the labor…
A little over two years after being acquired by Mexico City-based Credito Real, AFS Acceptance LLC has announced it will be changing their name to Credito Real USA Finance (CRUSAfin).…
CarMax Inc. is hiring to fill more than 60 positions for a new location in Wilmington, N.C. The store is slated to open in September. It will be located at…
The auto finance default rate has steadily fallen in 2018 and now is at its lowest rate since July 2017, according to S&P Dow Jones Indices and Experian. The S&P/Experian…
CarMax Inc. reported higher net sales and operating revenue for the quarter ended May 31.Net sales and operating revenues increased to $4.79 billion. Used unit sales in comparable stores declined…
Carvana Co. launched its largest Car Vending Machine to date. The nine-story all-glass tower is located in the company’s hometown of Tempe, Ariz. It holds up to 34 vehicles. This…

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