UPDATED: 6/22/18 2:02 pm ET - adds new store locations

CarMax profits rise on tax-rate change

CarMax's profits rose in the quarter ended May 31 largely because of a lower income tax rate, the nation's largest used-car retailer said Friday.

UPDATED: 6/22/18 2:02 pm ET - adds new store locations

Joyson Safety Systems names Guido Durrer as CEO

Joyson Safety Systems, the Chinese-owned supplier that acquired the former Takata safety products business, said it appointed Guido Durrer as its new CEO.

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Retailer Prime launches subscription service

The subscription service is part of the growth strategy of parent company Prime Automotive Group, which joins a budding trend of retailers and automakers experimenting with such plans.

UPDATED: 6/20/18 10:21 am ET -- adds details
Genesis, Kia, Hyundai top J.D. Power quality rankings for 1st time

Korean brands secured the top three spots in J.D. Power's annual report card on new-vehicle quality for the first time in the study's 31-year history. New quality at the Detroit 3 continues to improve faster than the overall industry.

McLaren to open store near Detroit

McLaren is expanding its retail footprint in the United States by partnering with one of the largest dealership groups in the country, the Suburban Collection, for a new store near Detroit.

Small used-car prices rise unexpectedly

Prices for small used cars are climbing to unexpected levels- a sign that demand is growing as price-sensitive consumers face dwindling options in the new-car market.

BMW X5 gains passenger, cargo space, off-road chops for 2019

BMW's top-selling crossover, the X5, is getting a major styling makeover for 2019, will be larger than its predecessor with extra passenger and cargo room, and offer an off-road package for the first time in a light truck marketed by the German luxury brand.


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