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Used-car retailer grapples with waning demand in face of economic challenges.
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The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices.
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36 states alleged the used-car retailer sold cars with open safety recalls without letting buyers know.
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Sales fall due to customer affordability concerns. Company offering lower-priced models, cutting its costs.
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The new business helps dealers put used car lots online to compete with Carvana and other online auto retailers.
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Each of CarMax’s 27,000+ associates empowered to donate funds from The CarMax Foundation to a nonprofit they care most about.
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NuVinAir Global has named former AutoNation and CarMax executive Troy Blackwell senior vice president of global operations.
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Kerrigan Advisors analysts say the stock prices for America’s seven publicly traded dealership groups are outpacing the broader U.S. equity markets and could soar higher on lower interest rates and new trucks.
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Carvana made a splash in the latest used-car retailer rankings, but analysts say the dealer disruptor is losing too much money and will never turn a profit.
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Carvana broke into the top 10 in its first appearance on Automotive News’ list of the nation's Top 100 Used Retailers, more than doubling its output to more than 94,000 units and outpacing the Asbury, Larry H. Miller, and Ken Garff groups.
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