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…
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…
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 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…
CarLotz, a Richmond, Va.-based consignment store for used vehicles, announced its continued national expansion with its first Texas location opening in San Antonio. Along with the other stores opened this…
The U.S. Patent and Trademark Office has awarded Spireon a patent for its technology approach to managing an automotive dealership's vehicle inventory by pairing a tracking device to a vehicle.…
Michigan’s Secretary of State recently suspended the license of what appear to be two defunct used-car dealerships. A consumer complaint led to an attempted inspection of Nass Auto Trading LLC…
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