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Carvana More Than Doubles in Size
 Featured

Friday, 29 December 2017 04:16
Carvana Co. has grown its Texas presence to five markets by launching operations in Corpus Christi.
Corpus Christi is the company’s 44th market overall. This is Carvana’s last market launch of 2017. 
Carvana more than doubled in size this year, adding operations in 23 markets.

TrueCar Settles with California Dealers
 Featured

Wednesday, 27 December 2017 23:58
TrueCar Inc. and the California New Car Dealers Association (CNCDA) announced that, in resolution of the litigation between the parties, TrueCar has agreed to transition its billing model in the State of California.
The model will now go from a pay-per-sale model with a cap to a flat-fee subscription billing model by Jan. 1, 2019.
TrueCar will also double the indemnity that it provides to California dealers who participate in the TrueCar program. 
Unlike TrueCar\'s current subscription billing model in California, the flat-fee subscription billing model will not include a \"sales guarantee\" as a retroactive adjustment mechanism.

Popular News

Copart Inc. has announced the purchase of the former Safe…

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Copart Expands in Louisiana Featured

Wednesday, 27 December 2017 23:57

Copart Inc. announced the expansion of its location northeast of Baton Rouge.
The salvage auction is located at 21595 Greenwell Springs Road in Greenwell Springs, La.
This is the company’s second major investment in the state. Just a few months ago, Copart announced the expansion of its New Orleans facility.

NIADA Acquires NABD Featured

Thursday, 21 December 2017 20:15
The National Independent Automobile Dealers Association has acquired the assets and operations of the National Alliance of Buy Here-Pay Here Dealers.NIADA plans to merge NABD\\\\\\\\\\\\\\\'s conference and educational services into its own.The acquisition closed on Dec. 14, completing more than two years of review, strategic discussions and due diligence.NIADA plans on merging NABD\\\\\\\\\\\\\\\'s conference into the NIADA convention for a combined event set for June 18-21 at the Rosen Shingle Creek Resort in Orlando, Fla.A fall conference in Las Vegas is also under development, with plans to be announced in early 2018.

 

Auctions Across America Fall 2017

 

 

 

 

 

Copart Expands Texas Operation

Copart Expands Texas Operation

Copart Inc. has announced the purchase of the former Safe Tire Disposal Corp. facility at 11150 Applewhite Road, San Antonio, Texas, along with its intention to clear the 36-acre property...

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…
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    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…
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    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…
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    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 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…
  • 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…
  • 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…