01.17.2013
I received a note from a Midwest velocity dealer who ran into unexpected trouble during a recent meeting with his dealership managers and majority partner: Dale: I had my annual forecast meeting last week with all my managers and our majority shareholder in the company. Keep in mind 2012 was a record year financially for [...]
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01.09.2013
Just before Christmas, CarMax released results for its third quarter of fiscal year 2013. The company, like many velocity dealers, saw positive results in used vehicles—total unit sales were up 16 percent for the quarter compared to the prior year, an increase that included a 12 percent gain in same-store sales volumes. As I reviewed [...]
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