Jamie LaReau

Retail / F&I Reporter

Address: 1155 Gratiot Ave.
48207-2997 Detroit
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Phone: 313-446-1637
E-Mail: jlareau@crain.com

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Recent articles
Eat at the food court, buy a car
12:01 am U.S. ET | March 2
Aloha Auto Group sells about 3,500 new and used vehicles a year from its seven Kia dealerships, across the islands of Oahu, Maui, the Big Island and Kauai. His mall locat ...


Group 1 names banker Doyle Arnold to its board
12:51 pm U.S. ET | Feb. 27
Group 1 Automotive has named a new director to its board seven days after another director resigned. The retailer said today its board of directors appointed Doyle Arnold ...


The dream Mr. K offered in the Nissan 300ZX is alive and well
3:44 pm U.S. ET | Feb. 26
“If I had a Z … ” That's the opening line to the car commercial that I most remember from my youth. It touted the Nissan 300ZX sports car. ...


Lithia Q4 net income jumps 50% as it makes acquisitions top priority
9:38 am U.S. ET | Feb. 25 | UPDATED: 2/25/14 1:42 pm ET -- details, background added
Strong sales across all divisions and the integration of its purchase last year of DCH Auto Group pushed Lithia Motors' net income up 50 percent during the fourth quarter ...


Group 1 director resigns citing Buffett-Van Tuyl deal
5:27 pm U.S. ET | Feb. 24
Group 1 Automotive board member Beryl Raff has resigned, citing a potential conflict of interest related to her employer, Berkshire Hathaway, and its pending purchase of ...


Lithia launches pay plan to retain top store managers
12:01 am U.S. ET | Feb. 23
Lithia Motors Inc. has started a new program that identifies top managers and gives them increased stock ownership in lieu of cash. The goal is to retain top talent and i ...


Volvo captive finance's plan to help spur sales of Volvo's XC90
3:30 pm U.S. ET | Feb. 19
The redesigned 2016 Volvo XC90 is “the big” launch facing Volvo's captive finance company. Just ask Dan Romagnoli. ...


Are flat finance fees inevitable? How to lessen the blow
11:30 am U.S. ET | Feb. 18
Flat finance fees are coming. And if you now derive more than 40 percent of your F&I revenue per vehicle from a finance reserve, you're in trouble. ...


Subprime lures Volvo captive
12:01 am U.S. ET | Feb. 18
Volvo Car Financial Services U.S. plans to begin offering financing to customers with subprime credit scores in the second or third quarter. ...


Buyers make big bets on dealerships in a seller's world
9:55 am U.S. ET | Feb. 18
You know it is a seller's market when the seller can dictate all the shots, and I mean all the shots. ...


Lithia, DCH build on the other's strengths
12:01 am U.S. ET | Feb. 16
Just over four months after Lithia Motors closed on its deal to buy DCH Auto Group's 27 dealerships, the two groups are busy sharing best practices and instituting a new ...


Penske Automotive reports 23% gain in Q4 net income
10:20 am U.S. ET | Feb. 11 | UPDATED: 2/11/15 4:18 pm ET - adds shares fall 7%
Strong year-end vehicle sales, gains in service and parts gross margins and investments in US commercial vehicle businesses pushed Penske Automotive Group to a 23 percent ...


Penske Automotive pushes further into commercial vehicles
1:12 pm U.S. ET | Feb. 10 | UPDATED: 2/10/15 3:42 pm ET - adds detail
Penske Automotive Group is putting its attention and investment dollars deeper into the commercial vehicle business. ...


Subprime lures Volvo captive
12:01 am U.S. ET | Feb. 9
Volvo Car Financial Services U.S. plans to begin offering financing to customers with subprime credit scores in the second or third quarter. ...


What dealers can do in good times to prepare for the bad
12:01 am U.S. ET | Feb. 2 | UPDATED: 2/3/15 9:04 pm ET - corrected
Amid forecasts of a sixth year of rising U.S. auto sales, dealers at the NADA convention said they were keenly aware of this industry's cycles. ...


Moguls, superrich families and private-equity titans prowl for dealerships
12:01 am U.S. ET | Feb. 2
First Warren Buffett. Then George Soros. Who's next? Outside investors are shopping for auto retailers in greater numbers - and with larger checkbooks - than the industry ...


Group 1 and Prestige settle Fla. buy-sell dispute
3:50 pm U.S. ET | Jan. 29
A dispute between Prestige Motor Car Imports and Group 1 Automotive over a buy-sell deal in Florida gone wrong is settled and the deal is back on -- for now, both sides s ...


Soros is ready to move on auto dealerships
3:40 pm U.S. ET | Jan. 26
Wall Street powerhouse Soros Fund Management is ready to move on a deal to acquire auto dealerships, a representative of the fund said at a private dinner Saturday in San ...


Family feud disrupts DARCARS
12:01 am U.S. ET | Jan. 26
Tamara Darvish, a well-known face of the DARCARS dealership group, filed a lawsuit against her father, John Darvish Sr., and the company he founded. ...


Sales staff certification gets a new twist
12:01 am U.S. ET | Jan. 26
FCA US wants better performing dealerships with lower sales staff turnover and top-notch experts who reach out to potential customers. ...


George Soros' Wall Street fund shops for dealership groups
10:30 pm U.S. ET | Jan. 24 | UPDATED: 1/25/15 11:38 am ET - adds details
Wall Street fund Soros Fund Management wants to partner in, invest in or outright buy a large auto dealership group, according to four sources familiar with the situation ...


Getting creative to get noticed at NADA
5:53 pm U.S. ET | Jan. 24
Big vendors can afford the big bucks. But smaller outfits need to think outside the box if they want to get noticed by as many attendees for as few dollars as possible. H ...


At Miami store, no more 'beat up' customers
2:00 pm U.S. ET | Jan. 24
F&I managers at Dadeland Dodge-Chrysler-Jeep in Miami are responsible for the gross profits from both vehicle sales and F&I and handle vehicle purchase negotiations with ...


AutoNation aims to beef up service
2:00 pm U.S. ET | Jan. 24
AutoNation Inc., the nation's largest dealership group, plans to expand its service business by year end, adding 400 technicians and increasing its express service operat ...


Miller learned from his dad and learned how to delegate
2:00 pm U.S. ET | Jan. 24
Greg Miller, 48, learned a lot about the car business from his father, Larry H. Miller. But he is a very different leader from his dad. ...


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