Dealers

He's sold Floyd Mayweather 39 cars and counting

12:01 am U.S. ET | May 4, 2015

Los Angeles exotic-car dealer Obi Okeke was sound asleep when his phone rang one morning at 3 a.m. last year.... Read More »

M-B nabs the top spot from BMW in luxury race

12:01 am U.S. ET | May 4, 2015

With a strong April, Mercedes-Benz took over the top spot from BMW through four months in the tight U.S. luxury sales race.... Read More »

EDITORIAL

Industry learns how to manage in good times

12:01 am U.S. ET | May 4, 2015

The U.S. auto industry is in the midst of an unprecedented stretch of growth and prosperity.... Read More »

Beat goes on for Subaru, Audi, FCA

12:01 am U.S. ET | May 4, 2015

Audi, Subaru and Fiat Chrysler Automobiles kept their U.S. sales streaks alive in April. Audi marked the brand's 52nd straight monthly sales record. Subaru reported its 41st consecutive month of growth. FCA US posted its 61st straight month of year-over-year gains.... Read More »

WHERE'S THE ACTION?

California dealers attract buyers despite business climate

12:01 am U.S. ET | May 4, 2015

Dealers are eager to buy dealerships in California again.... Read More »

EDITORIAL

Post-recession ripples

12:01 am U.S. ET | May 4, 2015

In December, General Motors delayed auctioning some retired rental-fleet vehicles because of depressed prices.... Read More »

WHERE'S THE ACTION?

Florida, Texas trending hot in buy-sell market, but few sellers

12:01 am U.S. ET | May 4, 2015

Florida and Texas are experiencing explosive demand from buyers looking for dealerships, even while sellers remain few.... Read More »

Honda troubles take toll on N.A. profits

12:01 am U.S. ET | May 4, 2015

North America is no longer Honda Motor Co.'s go-to cash cow.... Read More »

Dealer awards

12:01 am U.S. ET | May 4, 2015

Dealers featured this week include the Iowa Automobile Dealers Association, John Isaacson, dealer principal at Lee Honda in Auburn, Maine; and David Alfano, general manager of Torrington Hyundai in Torrington, Conn.... Read More »

VOLKSWAGEN'S RETAIL CHALLENGE

VW refuses to cut brand's U.S. prices

12:01 am U.S. ET | May 2, 2015

Even while benefiting from a weak euro, Volkswagen Group won't try to boost the VW brand's market share in the United States by cutting prices. VW's brand sales in the US have fallen 7.5 percent so far this year.... Read More »

Google prods stores to ease mobile shopping

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

Google nudged dealerships last week to make their websites friendly to users of smartphones and other mobile gadgets. The giant search engine, a key cog in most dealerships' marketing strategies, changed its search formula or algorithm.... Read More »

Obituaries

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

Tom Anderson, who owned Carrera Motors in Bend, Ore., died April 8. He was 72.... Read More »

NADA: Used-vehicle retail prices will rise more

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

Data from the National Automobile Dealers Association show the continued strength of used-vehicle prices in 2014. NADA's top economist says that strength could continue for another year or 18 months.... Read More »

25 with Hyundai

Dealers

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

Christopher Gleason, general manager of Price Hyundai in Charlottesville, Va., receives a 25-year award from Dave Zuchowski, CEO of Hyundai Motor America.... Read More »

EDITORIAL

Succession plans: Be flexible and get started now

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

Soaring values of automobile dealerships are a boon to hard-working entrepreneurs who have built successful businesses. But, increasingly, dealers whose succession plans rely on selling to family members or general managers are being forced to rethink options.... Read More »

Toyota: Output of fuel cell cars will top out at 3,000 a year

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

Japanese customers have a three-year wait for Toyota's new Mirai hydrogen fuel cell car, because the automaker can't make more of the cars. Using existing manufacturing technology, Toyota predicts output will top out at 3,000 fuel cell cars a year.... Read More »

Futurist sees self-driving cars as a given

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

Self-driving cars aren't just possible. They're inevitable, says Ray Kurzweil, the inventor and futurist who's now director of engineering for Google.... Read More »

Dealers

12:01 am U.S. ET | April 20, 2015

Max Jamiesson, left, and Nathen Hughes, center, of Salinas Toyota in Salinas, Calif., receive a 50-year award from Pete Carey, general manager of Toyota Motor Sales U.S.A.'s San Francisco region.... Read More »

Obituaries

12:01 am U.S. ET | April 20, 2015

Frank Audette, a suburban Detroit dealer, died April 10.... Read More »

Inventories stay level in March

12:01 am U.S. ET | April 13, 2015

Automakers have carefully controlled U.S. inventories since the scary days of the recession, but they started April with textbooklike perfection.... Read More »

Fleet sales drove market in March

12:01 am U.S. ET | April 13, 2015

Retail sales typically are four times greater than fleet, so sales to commercial, government and daily rental buyers rarely reverse the overall market's momentum. But it happened in March because retail sales changed modestly from the year-earlier period while fleet changed a lot.... Read More »

Dealers

12:01 am U.S. ET | April 13, 2015

Dealers featured this week include the Elhart family of Elhart GMC in Holland, Mich.; Gene Giacchino, co-owner of Honda Cars of Boston in Everett, Mass.; Mark Snethkamp, owner of Snethkamp Chrysler-Jeep-Dodge-Ram in Redford, Mich.; and the Gagne family of Gagne Ford in Princeton, Wis.... Read More »

4 of 5 Rolls purchasers customize

12:01 am U.S. ET | April 11, 2015

Rolls-Royce buyers want their cars to stand out. About 80 percent of Rolls-Royce cars sold in the U.S. are now custom ordered.... Read More »

Crossovers key to Acura's climb, Accavitti says

12:01 am U.S. ET | April 11, 2015

Acura trails the top luxury brands in total U.S. sales but is hoping it can build on a strong position in small and midsize crossovers with the RDX and MDX.... Read More »

Seminars tackle generation gap

12:01 am U.S. ET | April 6, 2015

Generation Y is projected to account for 40 percent of new-car purchases within the next five years. In June, Automotive News will launch a series of national seminars that will outline strategies focused on generational issues.... Read More »

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