Car Dealer News for 22-Dec-2005
'Hybrid Buyers Hold off Purchase Until ?06 to Claim Tax Break (The Auto Channel)
Washington DC December 22, 2005; The AIADA newsletter reported that buyers of the Toyota Prius are telling dealers they will wait until next month to pick up their cars due to a hefty tax break on hybrids that kicks in January 1. Tax credits for hybrid car buyers next year could lower their income tax up to $3,150, reports USA Today. When a buyer tells a dealer they are holding off pickup of
'Corporate report (Sarasota Herald-Tribune)
The car dealer posted earnings of $26.4 million, or 25 cents a share, for the third quarter, compared with $18 million, or 17 cents a share, a year earlier. Analysts had forecast earnings of 21 cents a share. Shares were $28.22 at the end of trading Wednesday, up 71 cents.
'CarMax Profit Jumps 46% on Strong Sales (Los Angeles Times)
Used-car dealer CarMax Inc. posted a 46% jump in profit for its latest quarter, helped by improved store traffic and people replacing cars destroyed by Hurricane Katrina.
'S.Africa fines car firms in price-fixing case (Reuters via Yahoo! Asia News)
JOHANNESBURG, Dec 22 (Reuters) - South Africa's competition authority on Thursday fined car dealers, importers and manufacturers in a price-fixing case officials said had artificially hiked auto prices in Africa's biggest market.
'Car companies fined for price-fixing (Independent Online)
The Competition Tribunal has fined car dealers, importers and manufacturers in a price-fixing case officials say has artificially hiked auto prices in South Africa.
'CarMax 3Q Profit Up 46 Percent to $26.4M (AP via Yahoo! News)
Used-car dealer CarMax Inc. on Wednesday posted a 46 percent jump in profit for its latest quarter, helped by improved store traffic, and people replacing cars destroyed by Hurricane Katrina.
'Car dealer faces penalty over too many parked vehicles (The MetroWest Daily News)
FRAMINGHAM -- The town could yank a business license for a used car dealership on Rte. 126 following complaints that it is regularly parking too many cars there and violating the local nuisance bylaw.
'The car market in Scotland (The Scotsman: Business)
DOUGLAS Robertson, chief executive of the Scottish Motor Trade Association, looks forward to what 2006 holds for Scotland's car dealers - and those looking to buy a car.
'High Speed Chase Arrest (WTVY-TV 4)
An accused drug dealer who led police on a chase around Dothan is out of jail. 34-year-old Michael Gregory Marish, Jr. of Dothan managed to avoid capture until his car rammed a police vehicle near the intersection of Range Street and Florida Avenue.
'Local car dealer kicks off Super Bowl ad (Lansing State Journal)
Spartan Motor Mall is going Hollywood today.
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