How CarMax Could See Used Car Profits Grow
Used car giant CarMax got a mixed review for stockholders from The Motley Fool’s Alex Planes. Revenue over the past three years got a passing mark with its 51% increase, but improving profit margin didn’t make the cut. Here’s what the analyst sees as strong potential for CarMax – and likely for other growing used […]
Why Do Business with NextGear Capital: Reason #1
Getting support for looking differently at inventory and increasing flooring lines as business grows are two benefits of having strong working relationships.
Where Lease Returns Are Headed
Off-lease volume is expanding this year, but that’s not likely to be seen in used car prices until later.
Do Anything on a Mobile Device
Remarketers are able to look at historical data, scan VIN numbers, and much more whether in the office, out on the road, or at auctions.
GM’s Ignition Switch Problem
Last month GM announced what seemed a routine recall of 1.62M cars that were linked to 12 deaths and 31 crashes in which airbags didn't inflate properly. But today GM is facing their biggest crisis in many years, complete with a criminal investigation, upcoming Congressional hearings, scrutiny from federal regulators, and a host of looming lawsuits.
On top of all that, there's been a storm of negative publicity over the possibility that the cars weren't recalled in a timely manner -- including news reports with tearful stories about people killed in the now-recalled cars. GM has apologized for the way the recall was handled, and even hired outside law firms to investigate the company's response to the ignition problems. Meanwhile, GM company stock tumbled nearly 10% last week.
