Day: June 23, 2023

CarMax Q1 earnings: Net income slides on lower used-car sales

CarMax reported gross profit per retail vehicle of $2,361 and gross profit per wholesale vehicle of $1,042, both about the same as a year ago. Company executives said last quarter that CarMax was

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The Untold Story Of HyperSport, Carvana’s Mysterious And Scandal-Plagued Former Vendor

An auto repair shop (Photo by Justin Sullivan/Getty Images) Getty Images HyperSport Industries, an automotive reconditioning contractor, benefitted from Carvana’s rapid growth. Now former Carvana employees are accusing HyperSport of “sheisty” dealings–including stealing

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Former golf star rushed to hospital after crash

A former Australian golfing star has been rushed to hospital after his car swerved off a road and hit a tree on the Gold Coast Ossie Moore, 64, was driving along Gilston Road

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Where auto insurance costs most and least. See where your state ranks.

Car prices surged during the pandemic, but have you noticed car insurance has, too?  Sixty-three percent of Americans said they were most concerned with their ability to pay for their car insurance, according to

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Maruti Suzuki revs up its green future with a lineup of electric and hybrid vehicles in India: Report

Maruti Suzuki is planning to revolutionize its product strategy by introducing a range of electric and hybrid vehicles. With a strong focus on sustainability and innovation, Maruti Suzuki aims to meet the changing

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When you should renew your car insurance to save you £100s

Insurance premiums have risen hugely over the last year, with renewals now costing drivers £436 on average at the start of 2023. New drivers police prices have also risen to an average price

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Lexus left red-faced after showing car travelling at 290km/h on Melbourne’s Citylink

An image on social depicting a Lexus travelling at 290km/h on a public road has been removed by the car company – and that’s not the only faux-pas. View 3 images Toyota’s luxury division

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Demand for Tesla and EVs helps push new car sales in Europe by 18%

New vehicle registrations in Europe increased by 18% in May 2023. The shift was due in part to the growing demand for electric cars like Teslas, which are outpacing the broader automotive market.

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Buying a used car? Here are the questions to ask – Drive

15:0023 June 2023 View 2 images When buying a used car, you have three main purchase avenues: a dealership, an auction house, or a private seller either in person or online. But wherever you

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This used Tesla Model S is the cheapest way into the electric car market

The BYD Dolphin is Australia’s cheapest new electric car, with a sticker price of $38,890 before on-road costs. But it’s not the cheapest way into an electric car… That honour could well belong

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