Dealer Groups and Dealerships

AutoNation, TrueCar kiss and make up

12:01 am U.S. ET | May 2, 2016

Here's how TrueCar successfully wooed AutoNation to resume using it as a third-party lead provider, reversing their bitter July 2015 split.... Read More »

KRISHNAN M. ANANTHARAMAN

Fixing the U.S. recall loophole is a job for 'someone else'

12:01 am U.S. ET | May 2, 2016

Last year, AutoNation staked out a bold and admirable position on recalls, pledging to go beyond federal law and not sell new or used vehicles with pending recalls. Turns out, AutoNation couldn't live up to its promise.... Read More »

JAMES B. TREECE

Publics hop on buyback bandwagon

12:01 am U.S. ET | May 2, 2016

Several publicly traded dealership groups have reported strong, sometimes record, first-quarter earnings per share. Their net income didn't soar. Rather, they've been buying back their shares like crazy.... Read More »

Stop-sale backlog hits public groups' earnings

12:01 am U.S. ET | May 2, 2016

Several publicly traded dealership groups noted that cars and truck languishing for months on their lots under stop-sale orders due to recalls hurt their first-quarter earnings. The problem could linger into 2017.... Read More »

Braman technician training becomes a community service

12:01 am U.S. ET | May 2, 2016

Dealer Norman Braman gives back to the Miami community by giving its young adults all-expenses-paid training to become service technicians.... Read More »

Why Lithia plans to ratchet up tech hires

12:01 am U.S. ET | May 2, 2016

Lithia Motors expects its service and parts business -- both warranty and customer-pay -- to rise due to the back-up of recalled vehicles and the increased number of cars on the road.... Read More »

AutoNation resumes ties with TrueCar after 2015 split

11:45 am U.S. ET | April 29, 2016

AutoNation will begin using TrueCar again at 55 of its dealerships starting Saturday in what the retailer is describing as a test. The resumption of ties will reverse AutoNation's acrimonious breakup with TrueCar last July.... Read More »

VIDEO: AutoNews Now: AutoNation, TrueCar to try again

12:01 am U.S. ET | April 29, 2016

AutoNation, TrueCar give it another try; No price pressure from VW, Conti says; Acura marks 30 years; Gender gap persists; Cars shed leather to lose weight.... Read More »

Group 1 CEO says automakers need to cut production

12:01 pm U.S. ET | April 27, 2016

The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.... Read More »

Public retailers post F&I per-unit profit gains in Q1

11:15 am U.S. ET | April 27, 2016

All six of the big public new-car retailers reported improved F&I profit per unit during the first quarter. F&I product sales drove most of the gains. Lithia Motors posted the greatest percentage increase in F&I revenue per new vehicle retailed at 9.4 percent, though it still has the second-lowest F&I profit per vehicle.... Read More »

HANNAH LUTZ

BLOG: On F&I front, AutoNation finds a groove

11:15 am U.S. ET | April 27, 2016

Branded F&I products are working in AutoNation's favor and the nation's largest dealership group sees even more room to grow.... Read More »

JAMES B. TREECE

BLOG: Why public dealership groups are buying their own stock

4:47 pm U.S. ET | April 26, 2016

Several publicly traded dealership groups have reported strong, sometimes record, first-quarter earnings per share. It's not that their net income soared. Rather, they've been buying back their shares like crazy.... Read More »

Asbury Q1 net down 14%; will open used-car stores despite slow sales

11:34 am U.S. ET | April 26, 2016

Asbury Automotive's first-quarter net income dropped 14 percent to $31 million, pressured by softer new- and used-vehicle sales, even as revenue edged up 0.6 percent to $1.55 billion, the company said today.... Read More »

Sonic Q1 net rises 4.7% on parts and service, F&I; revenue flat

9:25 am U.S. ET | April 26, 2016

Sonic Automotive reported net income rose 4.7 percent to $14.6 million in the first quarter from a year earlier. Despite the narrow gain, the auto retailer reported a decline in gross profits on new and used vehicles amid weaker new-vehicle sales.... Read More »

Penske Q1 net rises 5.7% on higher sales

9:28 am U.S. ET | April 26, 2016

Penske Automotive Group reported a 5.7 percent rise in first-quarter net income attributed in large part to the strength of its retail sales. The nation's second-largest dealership group said net income rose to $80.2 million in the quarter as revenue jumped 7.6 percent to $4.82 billion.... Read More »

Auto dealers in China, ubiquitous as KFCs, face shakeout

11:37 am U.S. ET | April 25, 2016

China has set six straight annual records for the most new vehicles bought by any country in the 150-year history of the automobile. And yet, a troubling trend has emerged among the dealers moving all that metal -- most are just spinning their wheels.... Read More »

Q&A: JIM NGUYEN, GENERAL MANAGER, ALG

ALG chief: Millennials will drive strong leasing

12:01 am U.S. ET | April 25, 2016

Millennials are paying off their student loans and moving out of their parents' basements. That cohort's emphasis on affordability will continue to drive lease growth, Jim Nguyen, the new head of ALG, predicts in this Q&A.... Read More »

VIDEO: First Shift: Dodge Journey makeover delayed

12:01 am U.S. ET | April 25, 2016

Dodge Journey platform switch delayed; AutoNation eases rule on cars with open recalls; Mercedes to compensate dealers for unfixed vehicles; New Porsche Caymans; Beijing preview... Read More »

Used-car sales surge at top groups

12:01 am U.S. ET | April 25, 2016

Automotive News' annual list of the top 100 dealership groups based in the U.S. ranked by used-vehicle sales shows industrywide strong unit sales increases, with 43 of the groups listed posting gains of 10 percent or more.... Read More »

Ford plunks down $200,000 for Model X

12:01 am U.S. ET | April 25, 2016

Automakers often buy cars made by competitors for road testing and for “tear-downs,” but how often do they go to the expense that Ford did to obtain a Tesla Model X? Ford paid $199,950 - $55,000 more than the sticker price - to buy one of the first copies of the Model X.... Read More »

ADESA parent explores how best to deliver sales

12:01 am U.S. ET | April 25, 2016

KAR Auction Services, parent of ADESA, unveiled a new data science unit that will help commercial consigners find the most efficient marketplace for their vehicles. Separately, it completed the acquisition of an eight-site auction group, part of its refocus on physical auctions.... Read More »

AutoNation's Q1 net income falls 14% on lower sales, Texas woes

7:09 am U.S. ET | April 22, 2016

AutoNation's net income dropped 14 percent to $95.9 million in the first quarter, though revenues rose 3.5 percent to $5.12 billion. The slide in net was due to weaker vehicle sales and charges related to a Texas hailstorm and a change in how the retailer accounts for stock-option compensation.... Read More »

AutoNation changes recall policy to allow some auctions

2:45 pm U.S. ET | April 22, 2016

AutoNation is changing one of the key tenets of its policy not to sell any vehicle with an open recall. The retailer now will allow some recalled vehicles to go to wholesale auction if lack of replacement parts causes lengthy repair times.... Read More »

VIDEO: First Shift: Nissan ad pokes fun at Tesla

12:01 am U.S. ET | April 22, 2016

Nissan ad pokes fun at Tesla; AutoNation profit falls; Daimler diesel probe; U.S. seeks Mitsu info; Honda's reinvented assembly line; Green-car disloyalty?; Chevy salutes Prince.... Read More »

Lithia Q1 net eases 0.9%; revenue up 11%

9:29 am U.S. ET | April 21, 2016

Lithia Motors' net income eased 0.9 percent to $40.3 million in the first quarter from a year earlier, even as revenue grew in almost all operations, the dealership group said today.... Read More »

 
Lightweighting push puts pressure on leather

Nick Gibbs
12:01 am U.S. ET | April 29 2016

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Automakers' growing desire to cut weight from cars wherever they can is significantly boosting sales of an upmarket leather alternative, says the boss of the company that... ...
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VW's other headache: workers' demand for a 5% pay hike

Christiaan Hetzner
4:06 am U.S. ET | April 20 2016

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Volkswagen has enough money to cover the costs of its emissions-rigging scandal. ...
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VW's tone-deaf management


8:56 am U.S. ET | April 13 2016

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In view of Volkswagen's emissions-rigging scandal, it's amazingly tone-deaf and irresponsible that t ...
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Google and Apple can be good for industry, Renault-Nissan connectivity chief says

Bruce Gain
12:01 am U.S. ET | April 13 2016

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Are Google and Apple enablers or disruptors? A little of both, says Ogi Redzic, Renault-Nissan's head of connected vehicles and mobility services. ...
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Will the Mercedes pickup truck be called X class?

Jay Ramey
12:01 am U.S. ET | April 8 2016

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Mercedes will preview its upcoming pickup truck at the Paris auto show this autumn, according to a m ...
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Bo Andersson shares lessons learned at Lada

Nick Gibbs
12:01 am U.S. ET | April 7 2016

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Bo Andersson, the departing CEO of Lada maker AvtoVAZ, used his farewell email to say he was “ ...
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Is CNG the future? Yes, but…

Luca Ciferri
12:01 am U.S. ET | April 6 2016

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Rinaldo Rinolfi, one of the fathers of the common-rail diesel, and a true powertrain guru, is someon ...
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PSA demonstrates realistic way of measuring fuel economy

Nick Gibbs
12:01 am U.S. ET | April 2 2016

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PSA says it aims to win back trust from consumers in the wake of VW's emissions-cheating scandal by ...
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VW's Seat profit is actually a loss

Christiaan Hetzner
5:29 am U.S. ET | March 23 2016

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When is making a profit actually a loss? When you're the accountant at VW Group's underperforming Se ...
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Evoque convertible could challenge sporty German coupes

Nick Gibbs
12:01 am U.S. ET | March 22 2016

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Jaguar Land Rover finally has a model to compete with convertible versions of German premium coupes. ...
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Newsletters & Alerts
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European car sales rise 6% in March but VW brand dips
European new-car sales rose nearly 6 percent last month despite a fall in sales for Volkswagen's cor ...
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Russia's March car sales drop 10% as decline slows
New-car sales in Russia fell 10 percent in March, the smallest decline in 15 months, causing a leadi ...
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Western Europe car sales rise 5% in March
Western European car sales rose 5.2 percent in March on strong growth in the UK, France and Italy. F ...
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VW brand trails rivals as Europe sales rise 14% in February
European new-car sales rose 14 percent in February, but Volkswagen lost market share for the sixth m ...
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Nissan Qashqai, Audi Q3 lead continued sales surge for SUVs in Europe
Sales of SUVs and crossovers surged 22 percent in Europe last year, outpacing the overall market's 8 ...
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Western Europe car sales rose 14% in February
Western European car sales rose 14 percent in February as key regional markets reported double-digit ...
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European car sales rise 6% in January but VW share hit by diesel scandal
European car sales rose 6.3 percent last month, although Volkswagen, the region's No. ...
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Why French and Germans still believe in the compact minivan sector
Compact minivan sales remain valuable to French and German automakers even though more brands are qu ...
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Western European car sales rise 6% on Spain, Italy rebound
Western European car sales rose nearly 6 percent in January as the southern markets of Spain and Ita ...
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Jeep, Smart, Jaguar benefit most from Europe's forecast-beating 2015 sales
Jeep, Smart and Jaguar were the biggest winners last year in Europe, where overall vehicle sales ros ...
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BMW promotes Petter Witt to N.A. vice president of operations
BMW has rewarded a regional manager who “fully embraced” the automaker's efforts to create its Future Retail dealership standards. ...
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IAC promotes two execs to head N.A., Europe operations
International Automotive Components named Maurice Sessel and Kelli Carney to run its North American and European operations, respectively. ...
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Mini appoints new head of Americas
David Duncan, head of Mini of the Americas, will take on a new role as head of BMW Group's corporate and special sales. ...
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Renault names new finance chief as Thormann retires due to poor health
Renault finance director Dominique Thormann is retiring for health reasons. He will be succeeded by Clotilde Delbos, currently a senior vice president at the automaker. ...
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Renault picks company veteran to head Dacia
Renault named veteran executive Yves Caracatzanis as head of its Dacia low-cost brand in Romania. ...
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PSA promotes Italy chief to run Changan JV in China
PSA/Peugeot-Citroen named veteran manager Olivier Mornet as president of its Chongqing Changan Auto ...
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GM appoints veteran Brazilian executive as Europe engineering chief
GM named Brazilian national William Bertagni as head of its European vehicle engineering unit. Berta ...
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New Lamborghini CEO is ex-Ferrari F1 team boss Domenicali
Lamborghini named Stefano Domenicali, a former head of Ferrari's Formula One team, as its new CEO. ...
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Honda names new Europe and North America chiefs
Honda named new chiefs for the company's operations in Europe and North America. ...
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Toyota counts on big boost from greener, zippier Prius
Toyota expects to solidify its position as the region's leader in hybrid sales with the new Prius, w ...
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High-tech E class pushes Mercedes ahead of rivals
Mercedes-Benz makes a big leap toward self-driving cars with the new E class, which debuts a hands-f ...
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Kia renews Sportage but drops the price
Kia has reduced the price of its new Sportage in the key German market even though the SUV is roomie ...
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Audi focuses on battery to make Q7 e-tron stand out from plug-in rivals
Audi expects its Q7 e-tron plug-in hybrid to stand out from a fast-growing list of competitors that ...
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Subaru wants Levorg to help brand forget losing Legacy
Subaru expects its new Levorg station wagon to have success in Europe that eluded the vehicle it rep ...
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SsangYong adds diesel, awd to Tivoli SUV
SsangYong hopes the addition of a diesel engine will boost sales of its Tivoli in Europe's booming s ...
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Range Rover Evoque convertible is not a 'niche too far'
Land Rover says its Range Rover Evoque created a new niche for sporty premium compact SUVs when the ...
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Hyundai Tucson gets big boost from Europe's SUV boom
Hyundai expects the Tucson to change perceptions of the brand in Europe, thanks to its bolder design ...
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Product launches follow a faster cadence
New model launches are getting faster, more frequent and less certain. They also might be a lot fart ...
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Opel boosts connectivity offer in new Karl
Opel's new entry-level model, the Karl, is the brand's cheapest car but it now offers advanced conne ...
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Suppliers to the new Skoda Superb
Assembly of the third-generation Skoda Superb began in April 2015 at Skoda's factory in Kvasiny, Cze ...
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Suppliers to the new Ford S-Max
Assembly of the second-generation Ford S-Max began in May 2015 at Ford's factory in Valencia, Spain. ...
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Suppliers to the new Mercedes GLC
Production of the first-generation Mercedes-Benz GLC began in June 2015 at parent Daimler's factory ...
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Suppliers to the new Jaguar XF
Assembly of the second-generation Jaguar XF began in June 2015 at Jaguar Land Rover's factory in Cas ...
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Suppliers to the new Audi Q7
Assembly of the second-generation Audi Q7 began in February 2015 at the German automaker's factory i ...
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