Cars, Car Dealership | featured news

Auto dealerships might not be as smoke-filled and full of tricks as they used to, but a few bad seeds continue to perpetuate the old slick stereotypes.

CarMax posted only a 2.7% drop in profit despite sharply lower sales and losses at its auto-finance unit, as the used-car dealer's profit per vehicle sold rose.

The clock is ticking for Ray O'Bryhim: he has less than a week to sell his last 40 cars.

Police have located three missing executives from a car dealership where 81 new vehicles worth roughly $2.5 million vanished, and at least one of the three has been arrested.

Scores of new cars vanished from a western Nebraska car dealership and a prosecutor said Wednesday that some had turned up in other states and warrants had been issued for three missing executives. The 81 Fords and Toyotas taken from Legacy Auto Sales in Scottsbluff were valued at about $2.5 million.