CarMax Wholesale Profit Per Unit Rises Nearly 2% Click to view online.


June 26, 2017
<p><em>Courtesy of Black Book.&nbsp;</em></p> Small Cars Struggle Amid Low Fuel Prices

As gas prices have continued to decline, smaller vehicles — in both the car and truck segments — have also seen an accelerated rate of depreciation, according to Black Book’s June 19 Market Insights report.


<p><em>Photo via Flickr.&nbsp;</em></p> CarMax Wholesale Profit Per Unit Rises Nearly 2%

Delayed tax refunds led to a slightly higher gross profit per wholesale unit at CarMax, the company reported during its quarterly earnings call for the quarter ending May 31.


More Segments See Lower Lease Prices in June

The average monthly payment for a leased vehicle came in at $340.37 in June, a slight reduction from last month’s average of $352.80, according to online lease deal marketplace Wantalease.com.


<p><em>Courtesy of Carvana</em></p> Carvana Expands Into Oklahoma City

Carvana has expanded its business of vehicle vending machines into Oklahoma City, which is the company's 30th market in the U.S., Carvana has announced.


<p><em>Courtesy of XLerate.&nbsp;</em></p> XLerate Charleston Auto Auction Adds Four to Sales Team

XLerate Charleston has expanded its auto auction sales team by announcing four new additions to the team, according to an announcement from the Auction.


Manheim Louisville Named Top Fiserv Auction

Manheim Louisville of Clarksville, Ill. has been named the top-performing auction of 2016 by Fiserv, Inc., a provider of financial services technology solutions.


NextGear, Ready Logistics Offer Financing Tool

NextGear Capital and Ready Logistics have partnered to offer a new kind of transportation financing solution that will allow its clients to buy, floor, and transport vehicles through a single transaction, according to a company announcement.


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