Dealers

Repeat repairs on older Volvos are free

12:01 am U.S. ET | Aug. 3, 2015

Volvo Cars of North America has launched a new parts and labor warranty for older cars to drive more business to dealerships. If an off-warranty vehicle is repaired at a Volvo dealership and comes back with the same problem, the fixes are free.... Read More »

JULY U.S. SALES

Crossovers, trucks drive Nissan, GM, Ford, FCA to gains

8:30 am U.S. ET | Aug. 3, 2015

Robust demand for trucks and crossovers, along with summer promotions, helped Nissan Motor, GM, Ford Motor and Fiat Chrysler post higher U.S. sales last month. Nissan Group's deliveries rose 7.8 percent to 130,872 -- a July record. GM volume climbed 6.4 percent to 272,512 on a 14 percent rise in retail deliveries.... Read More »

BEST PRACTICES

Washington dealer rejects dealer reserve and builds loyalty

12:01 am U.S. ET | Aug. 3, 2015

Denver Morford, dealer principal at Barry Chrysler-Dodge-Jeep-Ram in Ephrata, Wash., doesn't believe in dealer reserve. He gives customers the wholesale rate for the loan, and it keeps them coming back.... Read More »

35 with Mazda

Dealers

12:01 am U.S. ET | Aug. 3, 2015

Thane Hawkins, left, dealer principal at Polar Mazda in White Bear Lake, Minn., receives a 35-year award from Scott Farabee, Mazda North American Operations' Midwest regional general manager.... Read More »

Penske reports strong 2nd quarter, expands its online sales pilot

12:01 am U.S. ET | Aug. 3, 2015

Penske Automotive Group reported big gains in second-quarter net income on rising unit sales and a solid performance in all business segments. It also said it is expanding its online sales initiative.... Read More »

GM prepares to fight aftermarket repair parts

12:01 am U.S. ET | Aug. 3, 2015

General Motors plans to roll out a new pricing system later this year for its original-equipment collision parts, a bid to take back market share from aftermarket parts makers.... Read More »

AutoNation's online pilots edge forward

12:01 am U.S. ET | Aug. 3, 2015

AutoNation Inc. says the rollout of AutoNation Express, its online car-selling platform, is ahead of schedule. But the retailer has slowed two key elements of the platform.... Read More »

TrueCar, Sonic settle suit over 'True' usage

12:01 am U.S. ET | Aug. 3, 2015

TrueCar Inc. and Sonic Automotive Inc. have reached a settlement in TrueCar's lawsuit against the dealership group over trademark infringement.... Read More »

Pricier insurance for F-150?

12:01 am U.S. ET | Aug. 1, 2015

The Insurance Institute for Highway Safety this week said that it had done a test showing that repair costs for Ford's aluminum-bodied 2015 F-150 pickup jumped 26 percent over those of its steel-bodied predecessor. But that doesn't necessarily mean insurance premiums will go up.... Read More »

FCA recalls 284,153 Dodge Chargers for airbag flaw

11:19 am U.S. ET | Aug. 1, 2015

Fiat Chrysler is recalling 284,153 Dodge Chargers for a flaw that could lead side airbag inflatable curtains and seat airbags to deploy unexpectedly, raising the risk of crash and injury.... Read More »

RICHARD TRUETT

BLOG: It's too early to settle aluminum vs. steel repair-cost debate

11:59 am U.S. ET | July 31, 2015

It seems like everyone wants to know if the aluminum-bodied Ford F-150 is more expensive to repair than the steel-bodied pickup it replaced. We don't know -- and we won't know for a long time.... Read More »

Spain fines GM, Ford, other automakers for anti-competitive practices

July 31, 2015 06:01 CET

Spain's CNMC competition authority fined 21 automakers and two consultancy firms 171 million euros for anti-competitive practices. GM and Ford were given the highest penalties.... Read More »

TrueCar hit with another dealer lawsuit

3:01 pm U.S. ET | July 31, 2015

A group of 100 auto dealerships that are part of TrueCar's network are suing the online car-buying service for not disclosing to consumers the nature of the fees that dealers pay the company for each sale.... Read More »

Uber launches car leasing unit, makes entry into financial services

11:56 am U.S. ET | July 30, 2015

Uber Technologies has launched its own auto leasing subsidiary to seek more drivers, injecting the fast-growing ride services company directly into the financial services sector for the first time.... Read More »

U.S. House committee approves limit on CFPB's oversight of auto lending

5:15 pm U.S. ET | July 29, 2015

The U.S. House Financial Services Committee approved a bill Wednesday that would significantly limit the Consumer Financial Protection Bureau's guidance over auto lending.... Read More »

Penske Automotive Q2 earnings rise 29.5%

9:06 am U.S. ET | July 29, 2015

Penske Automotive Group reported second-quarter net income rose 29 percent driven largely by a higher volume of vehicle sales and a solid performance in all business segments.... Read More »

CDK sees 25 percent profit growth in 2016

3:37 pm U.S. ET | July 29, 2015

CDK Global CEO Steve Anenen predicted that earnings at the dealership software giant would jump in its 2016 fiscal year. On the strength of cost-cutting and better bundling of software products, CDK Global expects adjusted earnings to rise at least 25 percent in 2016 on revenue growth of 4 to 5 percent, Anenen told analysts during a year-end earnings call today.... Read More »

TrueCar, Sonic settle trademark lawsuit

3:00 pm U.S. ET | July 29, 2015

TrueCar and Sonic Automotive reached a settlement in TrueCar's lawsuit against the dealership group over trademark infringement. As part of the deal, Sonic agreed to transfer to TrueCar all rights to and use of its True Price, True View and all other True-related marks. Sonic also will lift a ban on using TrueCar at its dealerships.... Read More »

Dealer satisfaction grows when auto lenders embrace e-contracting

12:00 pm U.S. ET | July 29, 2015

Dealers like e-contracting. That's one of the key findings from the 2015 U.S. Dealer Financing Satisfaction Study by J.D. Power released this week. Another takeaway: Dealers are willing to pay lenders a premium for good service.... Read More »

Public retailers boost F&I profits in Q2

12:30 pm U.S. ET | July 29, 2015

F&I profits increased at all six of the largest public new-car retailers in the second quarter. The nation's largest retailer, AutoNation, led the way with F&I revenue per new vehicle retailed of $1,528 on a same-store basis.... Read More »

HANNAH LUTZ

BLOG: AutoNation, Group 1 are neck and neck in F&I race

12:30 pm U.S. ET | July 29, 2015

AutoNation overtook former frontrunner Group 1 Automotive for the top spot among the public retailers in F&I profit per vehicle in the second quarter. Or did it? It depends on how you measure.... Read More »

Ally's second-quarter auto lending flat despite GM pullback

11:45 am U.S. ET | July 29, 2015

Ally Financial's second-quarter auto lending originations declined just 1 percent from a year earlier to $10.8 billion, despite a sharp drop in lease originations for GM vehicles. For the first time, GM accounted for less than half of Ally's auto originations.... Read More »

As dealership sales climb, margins slide

12:01 am U.S. ET | July 27, 2015

On the surface, second-quarter results from five publicly traded dealership groups last week were solid. But behind the gains lurked a disturbing trend: At all five, profit margins on new-vehicle sales fell.... Read More »

TrueCar works on relationships

12:01 am U.S. ET | July 27, 2015

TrueCar's dealer relations ranks are getting a tune-up this summer, with a longtime industry insider leaving and two new execs joining the company. Separately, the company said problems converting enough shoppers into buyers hurt its second-quarter results.... Read More »

Sonic President Scott Smith named CEO

12:10 pm U.S. ET | July 27, 2015

Sonic Automotive is shuffling some executive positions, naming its co-founder Scott Smith to the post of CEO, effective immediately, the company said in a statement today.... Read More »

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