Jamie LaReau

Retail / F&I Reporter

Address: 1155 Gratiot Ave.
48207-2997 Detroit
Follow: Twitter Jamie LaReau RSS feed
Phone: 313-446-1637
E-Mail: jlareau@crain.com

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Recent articles
Capital Automotive sold for $4.3 billion, source says
4:27 pm U.S. ET | Aug. 29
Brookfield Property Partners will acquire Capital Automotive for $4.3 billion, according to a source familiar with the deal. ...

Dealers are missing an opportunity by not changing that tire
3:41 pm U.S. ET | Aug. 26
A recent survey reported that 52 percent of American teens ages 15 to 17 do not know how to change a tire. ...

Certified Elite status lets GM dealers shine
12:01 am U.S. ET | Aug. 25
Certified Elite dealers can make aggressive offers with the confidence that the factory won't nickel-and-dime the dealership for doing it. ...

Study sees dealership throughput breaking records in 2014
5:14 pm U.S. ET | Aug. 21 | UPDATED: 8/21/14 7:19 pm ET - adds details
For the third consecutive year, U.S. dealership throughput -- the average number of vehicles sold per store -- is expected to break records in 2014, a study released toda ...

Skipping wheel-and-tire was big mistake
12:01 am U.S. ET | Aug. 20
Wheel-and-tire insurance is a valuable product. There, I admit it. It's not the “snake oil” that a cynical friend once espoused it and other F&I products to b ...

Court ruling on telecommuting could affect dealerships
1:23 pm U.S. ET | Aug. 14
What does a former Ford employee with irritable bowel syndrome have to do with car dealerships? Potentially, a lot, says a dealership lawyer. ...

Florida dealer opts out of deal to be COO of new company
1:19 pm U.S. ET | Aug. 11 | UPDATED: 8/11/14 2:33 pm ET
Florida dealer David Maus is bowing out of a deal to become COO and part owner of a new South Carolina dealership holding company called First Team Automotive Group. ...

Miller learned from his dad and learned how to delegate
12:01 am U.S. ET | Aug. 11
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. ...

Calif. retail group grabs more stores
12:01 am U.S. ET | Aug. 10
Conant Auto Retail Group of Newport Beach, Calif., which includes the nation's largest Honda dealership, bought Southern California's three-store Fladeboe Automotive Grou ...

McDonald's and the dealer franchise system
3:28 pm U.S. ET | Aug. 7
A decision involving the McDonald’s fast-food chain could have dramatic implications for the franchised car dealer system going forward. Or not. ...

Penske taking steps to improve F&I revenue
12:01 am U.S. ET | Aug. 6
Penske Automotive lags its publicly traded dealership-group peers in finance and insurance revenue per vehicle retailed, largely because Penske dealerships lease vehicles ...

2 Southern dealers team up under new group name
1:47 pm U.S. ET | Aug. 5 | UPDATED: 8/6/14 10:26 am ET -- correction
Warner Peacock, CEO of New River Auto Mall in South Carolina, is teaming up with Florida mega dealer David Maus to form a new company called First Team Automotive Group L ...

Penske adds Spain to its overseas roster
12:01 am U.S. ET | Aug. 4
Fresh off the heels of a joint venture in Barcelona, Spain, Penske Automotive Group Inc. will continue to expand with acquisitions in the United States and elsewhere. ...

Self-promotion, social media help sell cars
12:01 am U.S. ET | Aug. 4
Saleswoman Laura Madison markets herself and the brand she sells, Toyota, but not her dealership. ...

Call center keeps the service bays packed
12:01 am U.S. ET | Aug. 4
Dealer Jeff Proctor endured a year of anger from service advisers after he gave their job of scheduling service work to a newly created call center. ...

Penske Q2 net income rises 18% on strong gains in all segments
7:30 am U.S. ET | July 30 | UPDATED: 7/30/14 4:02 pm ET - adds details, link
Penske Automotive Group's second-quarter net income rose 18 percent from the year-earlier period on higher new- and used-vehicle unit sales. ...

Another hole-in-one gives California dealer a second chance
2:41 pm U.S. ET | July 29
For eight years, Folsom Lake Kia and Folsom Lake Ford near Sacramento have sponsored charity golf tournaments without anyone ever hitting a hole-in-one. ...

Asbury to double pace of acquisitions
12:01 am U.S. ET | July 28
Asbury Automotive Group Inc. aims to double its acquisition pace during the next 18 months. ...

Group 1 Q2 profit tumbles 55% on Brazilian problems
9:47 am U.S. ET | July 24 | UPDATED: 7/24/14 3:49 pm ET - adds stock close
Group 1 Automotive today said its second-quarter net income tumbled 55 percent from a year earlier to $16.9 million, dragged down by a struggling economy in Brazil which ...

Lithia Q2 profits hit record highs
8:39 am U.S. ET | July 23 | UPDATED: 7/23/14 4:17 pm ET - adds details, correction
Lithia Motors today reported the highest adjusted quarterly net income in the company's history -- a 29 percent surge to $35 million -- on higher revenues and cost contro ...

Honda asks dealers to add service
12:01 am U.S. ET | July 21
Griffith Motors is one of hundreds of Honda and Acura dealers that American Honda is asking to add service bays, hours or both by 2018 to accommodate the automaker's fore ...

Golfer gets a hole-in-one; dealer whiffs
12:01 am U.S. ET | July 21
A California Kia dealership was basking in the glow of its sponsorship of a hole-in-one challenge at an annual charity golf tournament when the unthinkable happened. ...

Napleton sues JLR, dealership group over failed acquisition
12:01 am U.S. ET | July 12
The sale of 5 Long Island dealerships to a Miami lawyer and entrepreneur has touched off a legal fight involving Jaguar Land Rover and an Illinois dealership group that t ...

At Miami store, no more 'beat up' customers
12:01 am U.S. ET | July 2
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 ...

Group 1 sues Florida dealership over buy-sell dispute
3:54 pm U.S. ET | June 26 | UPDATED: 6/26/14 5:03 pm ET - adds Prestige comments
Group 1 Automotive thought it had a done deal to buy an Audi store in North Miami Beach from Prestige Motor Car Imports for $72 million. But Prestige said no. ...

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