Retail

Sonic Q1 profit falls 9% on weather, used-car start-up costs

11:30 am U.S. ET | April 22, 2014
Bad winter weather and costs associated with its standalone used-car store initiative contributed to a 9 percent drop in first-quarter profits for Sonic Automotive.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Golf dominance, premium push intensify battle in compact segment

April 22, 2014 06:01 CET
Most volume automakers face double trouble in the crucial compact segment. They need to find a way to win sales from the dominant Volkswagen Golf while also defending against premium brands aggressively pushing into the segment.... Read More »

 

NADA board member Don Chalmers dies

1:45 pm U.S. ET | April 21, 2014
Don Chalmers, an auto dealer who represented New Mexico on the board of the National Automobile Dealers Association and was chairman of NADA's government relations committee, died Sunday.... Read More »

 

Hale works on makeover of Jag, Land Rover image

12:01 am U.S. ET | April 21, 2014
Hundreds of employees at Jaguar Land Rover North America sport a green button saying “All In.” The button means they're committed to changing the British company's culture to focus on customer service and satisfaction, said Duke Hale, who was hired a year ago as vice president of customer service.... Read More »

 

New system, but no quick fix for GM

12:01 am U.S. ET | April 21, 2014
When General Motors last week unveiled a new way for dealers to order parts for the ignition-system recall, it reminded dealers of a hard truth: They'll be waiting for parts -- and placating impatient customers -- at least well into the autumn.... Read More »

 

Plug Power, Hyundai steel supplier teaming up to make fuel cells

12:21 pm U.S. ET | April 21, 2014
Fuel cell maker Plug Power said today it had agreed to form a joint venture with South Korea's Hyundai Hysco, a steel supplier to Hyundai Motor, to develop and sell hydrogen fuel cells in Asia.... Read More »

 

Jackson: We'll get our own leads

12:01 am U.S. ET | April 21, 2014
CEO Mike Jackson put the big Internet shopping sites on notice last week: AutoNation is building Web products that will slash the number of leads the group's 229 stores get from AutoTrader, Cars.com, TrueCar and others.... Read More »

 

Blue sky high, acquisition action is, too

12:01 am U.S. ET | April 21, 2014
Auto dealers are scrambling to buy new stores despite record high dealership values. They figure the earlier they can buy before the next downturn, the sooner they’ll earn profits and pay down acquisition costs.... Read More »

 

Lincoln's China startup plans 20 stores by 2015

12:01 am U.S. ET | April 21, 2014
China is giving the 97-year-old Lincoln luxury brand a new lease on life. In a series of events last week, Lincoln launched a sleek new concept vehicle and a new retail vision. Lincoln will begin selling vehicles in China this fall, starting with eight stores in seven cities and growing to 20 dealerships by the end of the year. By the end of 2016, Lincoln plans to have 60 stores in 50 cities.... Read More »

 

Spring sales thaw spawns optimism for full year

12:01 am U.S. ET | April 21, 2014
Sales thawed out in March and early April after the frigid winter, and auto executives at the auto show in New York City were optimistic about the rest of the year. They see growing consumer confidence and strong demand for pickups and crossovers.... Read More »

 

Manufacturers brace for the used-car flood

12:01 am U.S. ET | April 21, 2014
A projected increase in the supply of used vehicles will be good news for U.S. dealers who have been battling a lingering effect of the recession. But it will be a double-whammy for new-car buyers: lower value on their trade-ins and less-attractive lease terms.... Read More »

 

BIG SOFA, LITTLE CAR?

When Scion's too tiny, Toyota pilot program allows a larger loaner

12:01 am U.S. ET | April 21, 2014
Scion is rolling out a pilot program that will allow vehicle owners to use other Toyota models as short-term loaners.... Read More »

 

LETTER TO THE EDITOR

Kill the Mustang? We 'went ballistic'

12:01 am U.S. ET | April 21, 2014
I enjoyed the stories about the Ford Mustang in the April 14 issue.... Read More »

 

Dealers

12:01 am U.S. ET | April 21, 2014
Dealers featured this week include Mohinder Singh of Carlsbad Volvo in Carlsbad, Calif.; Bruce, Todd and Amie Bennett of Bruce Bennett Nissan in Wilton, Conn., Tommy Smith, left, and Dustin Tyson of Riverside Chrysler-Jeep-Dodge-Ram in New Bern, N.C., and members of the Iowa Automobile Dealers Association.... Read More »

 

EDITORIAL

Russian fallout

12:01 am U.S. ET | April 21, 2014
Fallout from Russia's annexation of the Crimea region of Ukraine already is affecting the auto industry in Europe.... Read More »

 

BEST PRACTICES

Warren Henry hires help to hire the help

12:01 am U.S. ET | April 21, 2014
Warren Henry Auto Group hired an outside staffing agency to handle the 55 to 65 hourly employees who work in its detail shop and as porters.... Read More »

 

EDITORIAL

Sounds like a plan: Nissan, dealers sidestep stair-steps

12:01 am U.S. ET | April 21, 2014
Nissan has made a commendable effort to work with its dealers in setting up an enlightened alternative to stair-step factory incentives.... Read More »

 

Take the time to teach

12:01 am U.S. ET | April 21, 2014
Dealer Terry D'Arcy has created the unique position of delivery specialist at his three Illinois stores. The specialists teach customers how to sync their phones and use the navigation and infotainment systems. Eventually, the specialists are promoted to sales.... Read More »

 

What can industry do to boost leases, residuals?

12:01 am U.S. ET | April 21, 2014
Interest rates, gasoline prices, unemployment and natural disasters are among the unpredictable forces that have an impact on the economy. In turn, the economy has an impact on leasing.... Read More »

 

For the best of Burgundy's 70 Dodge takes, find a bootlegger

12:01 am U.S. ET | April 21, 2014
Music fans crave bootleg recordings and unreleased studio tracks.... Read More »

 

What's powering market? Off-lease surge, says Webb

12:01 am U.S. ET | April 21, 2014
What's driving new-vehicle sales in 2014?... Read More »

 

Fiat's discount seeks parking-lot converts

12:01 am U.S. ET | April 21, 2014
Some Fiat employees at two Italian factories got a surprise recently.... Read More »

 

Next big thing for A123 may be shift to small batteries

12:01 am U.S. ET | April 21, 2014
Now that battery-maker A123 Systems has the same corporate parent as Fisker, the supplier's strategy might seem clear: make lithium ion battery packs for electric vehicles. Not so fast. CEO Jason Forcier is eyeing a bigger target.... Read More »

 

GM recalls have had no 'measurable impact' on sales, Ammann says

1:03 pm U.S. ET | April 20, 2014
Citing his company's 4 percent sales gain in March and a "decent start" for sales in April, General Motors President Dan Ammann said the company's ignition switch recall has had no "measurable impact" on sales.... Read More »

 

New reality: Think crash, not just flash

12:01 am U.S. ET | April 20, 2014
Safety watchdogs at the Insurance Institute for Highway Safety and Consumer Reports magazine had an outsize effect on the cars unveiled at the New York auto show last week.... Read More »

 

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