Hints and tips:
...The results should be a warning to investors in the wider auto sector. Part of the problem is that prices for used cars remain sky-high....
...There will be no soft impact for the US used auto market. Prices for new and used vehicles have been a crucial driver of inflation....
...Walmart also on Tuesday struck a partnership with Advance Auto Parts, allowing it increase its presence in the car parts business....
...Used car retailer CarMax and auto parts retailers AutoZone and O’Reilly are up 10.6 per cent, 10.4 per cent and 9.7 per cent, respectively, for the month....
...used-car superstores....
...Shares of CarMax, the largest US used auto dealer, declined on Tuesday after same-store sales nearly flatlined and earnings fell short of Wall Street forecasts....
...The market for auto bonds is hot, with rising issuance even of subprime debt. There are nascent concerns about the potential for overheating. CarMax’s loan portfolio is predominantly prime....
...At this Fortune 500 chain of “auto superstores”, the traditional setting where “the seller would look at the computer screen and the buyer at the computer’s backside”, has given way to a slick operation,...
...CarMax, a pure used car dealer that has eschewed the franchise model, also had a big drop in sales and earnings....
...The Canadian Auto Workers union is likely to make Chrysler the main target of negotiations for a new labour contract this autumn....
...Earlier this month, the state of Mexico ruled it could not build a superstore close to the spectacular pyramids at Teotihuacán, outside Mexico City....
International Edition