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Marketplace

What’s behind the used car sales boom?

by Renata Sago Aug 21, 2018
Used car prices hit a record high this summer according to recent data from the business and research firm Cox Automotive. Economists there found car prices for July, which is usually a slow month, were up 5.1 percent from the same…
Used cars are displayed on a sales lot on June 9, 2011 in San Rafael, California.
Justin Sullivan/Getty Images

CarMax Inc. still earning respect

by Sally Herships Jun 21, 2016
The used-car retailer is doing pretty well for itself, despite a worse-than-expected earnings report.
CarMax reported a first-quarter net profit of about $175.4 million on Tuesday.
Yana Paskova/Getty Images