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CarMax is taking its multiple online pilots and creating one e-commerce platform for consumers who want to buy a car over the Internet.
A 25 percent tariff on imported vehicles could chill new-car sales, devastate dealership profits and trigger job losses at stores, dealers and their advocates say. That prospect has U.S.
If the future includes customers who don't want to own or lease vehicles, Prime Motor Group aims to be ready with a subscription service.
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.
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.
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