Dealer Groups and Dealerships

Sonic Automotive's Q2 net income surges 54%

2:11 pm U.S. ET | July 26, 2016

Sonic Automotive's adjusted net income surged 54 percent in the second quarter to $22.8 million, largely on cost controls, as revenue and new-vehicle unit sales fell.... Read More »

Asbury Q2 net income falls 11%

11:20 am U.S. ET | July 26, 2016

Asbury Automotive Group's net income in the second quarter dropped 11 percent to $36.7 million, the company said today as both new- and used-vehicle sales dropped. Revenue dipped 4 percent to $1.627 billion. Asbury said the drop was due mainly to “strategic divestitures” of select dealerships in the second half of 2015.... Read More »

Mobile app brings online-dating mentality to car shopping

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

A new app allows shoppers to swipe through images of new and used vehicles gathered from more than 29,000 dealership sites across the U.S.... Read More »

How Cox bought Dealertrack

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

In a wide-ranging interview, Cox Automotive President Sandy Schwartz offered this peak at Cox Enterprises' $4.5 billion purchase of Dealertrack in 2015.... Read More »

Cox shifts into 'integration mode' after shopping spree

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

Cox Automotive will be in “integration mode for a couple of years,” after a string of acquisitions and company launches this decade, President Sandy Schwartz said.... Read More »

No auctions for this used-car manager

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

A pre-owned sales manager at a Buick-GMC dealership in Ohio pays staffers $200 when they find the vehicles he wants.... Read More »

Vehicle advancements can trigger more calls for roadside help, AAA says

12:35 pm U.S. ET | July 21, 2016

Technological and design advancements in vehicles haven’t reduced the need for drivers to seek roadside assistance and there is new evidence that they actually may be contributing to more calls for help.... Read More »

Ted Morse, head of Florida dealership group, dies at 66

3:15 pm U.S. ET | July 20, 2016

Ted Morse, CEO of a longstanding, family-owned Florida dealership group, died Tuesday at Jackson Memorial Hospital in Miami. He was 66.... Read More »

Used-vehicle leasing can be risky, economist says

11:45 am U.S. ET | July 20, 2016

Used-vehicle leasing can help manage the flow of off-lease vehicles, but moving a vehicle's residual risk from a new-car lease contract to a used-car lease contract is risky business, Cox Automotive's chief economist says.... Read More »

Dealerships weigh outside F&I audits

11:00 am U.S. ET | July 20, 2016

Dealerships looking to avoid regulatory trouble know they need to be diligent in monitoring compliance. Some stores are tapping outside F&I auditors for help.... Read More »

Larry H. Miller group eyes acquisitions

12:01 am U.S. ET | July 18, 2016

Larry H. Miller Dealerships expects to make more acquisitions this year as it sees dealership prices stabilize.... Read More »

VIDEO: AutoNews Now: 'Pokemon Go' pushback

12:01 am U.S. ET | July 15, 2016

'Pokemon Go' pushback: Game craze prompts safety warnings; Detroit 3 share swaps; Jeep on global climb; Takata settles Fla. case; $255M Denso payout; Stamps depict vintage pickups.... Read More »

Questions raised about used-car loan outlook

11:30 am U.S. ET | July 13, 2016

Add used-car finance to the list of things to worry about -- a list that may, some lenders say, include the lower end of subprime lending.... Read More »

GM puts sales-effectiveness ratings on hold in wake of N.Y. court ruling

2:53 pm U.S. ET | July 12, 2016

General Motors is modifying its criteria for how it holds dealers accountable for their sales performance -- at least in New York state -- following a court ruling there that shot down GM’s preferred formula for rating dealers’ effectiveness.... Read More »

AutoNation adds 4 stores, returns to Northeast

12:01 am U.S. ET | July 11, 2016

AutoNation Inc.'s purchase of four dealerships in New York marks a return to the Northeast by the largest new-vehicle retailer in the U.S.... Read More »

In Dallas, a somber Friday for dealers

3:02 pm U.S. ET | July 8, 2016

The showroom doors and service bays were open at dealerships throughout Dallas on Friday, although it was anything but business as usual following the shooting deaths of five police officers late Thursday during a downtown protest against recent shootings by law enforcement officials in Louisiana and Minnesota.... Read More »

Pickups, vans lift overall used-vehicle prices

3:00 pm U.S. ET | July 8, 2016

Strong truck prices offset weak car prices and lifted overall used vehicle prices to their highest level in more than four years in June, according to the monthly Manheim index.... Read More »

AutoNation buys four luxury stores in N.Y.

2:22 pm U.S. ET | July 7, 2016

AutoNation purchased four stores -- selling BMW, Land Rover and Jaguar brands -- in Westchester County, N.Y.... Read More »

EchoPark F&I process to echo across Sonic

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

Sonic Automotive's finance and insurance sales process at its EchoPark used-only dealerships has been so successful in lifting F&I revenue per vehicle, the company plans to expand the process to its 99 franchised stores.... Read More »

Public groups optimistic on F&I revenue growth

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

All six large public new-car retailers lifted F&I revenue per vehicle through March, and most expect growth to continue.... Read More »

EUROPEAN DISUNION

Penske, Group 1 assess the damage

12:01 am U.S. ET | June 27, 2016

Penske Automotive and Group 1 Automotive took an immediate stock-price hit in the wake of Britain's vote to exit the European Union. Earnings will suffer from a collapsing British pound. But the longer-term impact remains unclear.... Read More »

CarMax adds auction sites, eases registration

12:01 am U.S. ET | June 27, 2016

CarMax is adding auctions and making it easier for wholesale customers to register to buy cars and trucks at the company's 67 physical auction sites.... Read More »

Penske Automotive, Group 1 shares plunge after Brexit vote

12:41 pm U.S. ET | June 24, 2016

Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union.... Read More »

CarMax Auto Finance income takes a tumble

11:45 am U.S. ET | June 22, 2016

Income at CarMax's captive tumbles in the same three month period that the used car retailer's floor traffic declines and sales to customers with low credit scores dip.... Read More »

F&I strategies for slow-growth days

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

F&I profit likely hasn't reached its peak, insiders say, but most agree that its growth will slow. To maintain strong F&I revenue, dealerships should ensure that they offer the right product mix, thoroughly understand the products and the regulations covering them, and work to maximize F&I sales after vehicle purchases.... Read More »

 
PSA bravely reveals industry's dirty secret

Luca Ciferri
12:01 am U.S. ET | July 7 2016

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Give credit to PSA for being bold enough to reveal in great detail something none of its rivals woul ...
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How to push self-driving tech to the limits without the risks

Nick Gibbs
12:01 am U.S. ET | July 6 2016

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There's a risk-free way to push autonomous cars to their limits. A simulator in the UK is going to d ...
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Volvo defies gravity

Luca Ciferri
8:33 am U.S. ET | July 5 2016

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Volvo doesn't consider itself a true global player in the premium segment. ...
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BMW CEO scores first big win with Intel, Mobileye deal

Christiaan Hetzner
10:40 am U.S. ET | July 2 2016

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Led by CEO Harald Krueger, BMW's strong push into autonomous driving with Intel and Mobileye could b ...
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Why Europe's car buyer categories need a shake-up

Douglas A. Bolduc
4:49 am U.S. ET | July 1 2016

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Johnson Controls says current car buyer categories aren't telling the full story. ...
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Nissan struggles to make sense of Sunderland shocker

Nick Gibbs
5:42 am U.S. ET | June 28 2016

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Nissan's team in the UK is “shell-shocked” by the decision of the country's voters to leave the EU, a person close to the company told me. ...
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Goodbye to the Europe I knew

Bradford Wernle
12:01 am U.S. ET | June 27 2016

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I am deeply shocked and disappointed by the decision of British voters to leave the European Union. ...
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Recapping Toyota's traumatic loss at Le Mans

Luca Ciferri
12:01 am U.S. ET | June 23 2016

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Toyota was reminded of how cruel motorsports can be when it lost the 24 Hours of Le Mans to Porsche ...
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VW's long day as shareholders quiz management

Christiaan Hetzner
6:40 am U.S. ET | June 22 2016

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As Volkswagen's 56th annual shareholder meeting began there were still long lines of people waiting ...
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Probe overshadows VW's annual meeting

Christiaan Hetzner
7:01 am U.S. ET | June 21 2016

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When VW shareholders gather for their annual meeting it is sure to be a turbulent event, not least b ...
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Newsletters & Alerts
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European June car sales slow as Brexit vote reduces confidence
European car-sales growth slowed to 6.5 percent in June as the British vote on exiting the EU weighe ...
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Russia car sales fall 13% in June
Russian car sales fell 13 percent in June as an economic crisis driven by low oil prices and Western ...
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UK's June car sales fall; gov't asked for support
UK car sales fell for only the second time in more than four years in June, prompting an industry bo ...
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W. Europe car sales up 6% in June despite UK decline
Western European car registrations increased nearly 6 percent in June as demand rose last month in G ...
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VW Group sales rise nearly 2% in May, helped by Audi, Skoda gains
Volkswagen Group's global sales rose 1.6 percent in May, helped by rising demand for Audi and Skoda ...
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VW brand sales stable as Europe, China demand offsets drops in U.S., Brazil
Volkswagen brand sales slipped 0.7 percent last month with gains in Europe and China offsetting decl ...
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Russia car sales fall 15% in May
New-car sales in Russia fell 15 percent in May, after an 8. ...
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Western Europe car sales rise 14% in May
Western European car registrations increased 14 percent in May as demand rose last month in Germany, ...
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Mercedes SUVs help boost U.S. sales lead over Lexus, BMW
Mercedes outsold its luxury auto competitors in the U.S. in May, building its lead in a down month t ...
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VW sales in U.S. fall 17% for worst May since 2010
Continued weakness in car deliveries led Volkswagen of America to its worst May U.S. ...
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Daimler promotes Turkish unit boss Seeger to Mercedes sales and marketing chief
Daimler named Britta Seeger as global sales and marketing head of Mercedes cars. ...
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BMW names former F1 exec Duesmann as new purchasing chief
BMW has appointed Markus Duesmann, its former Formula One powertrain boss and current engine guru, t ...
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Fiat Chrysler creates post to oversee global regulatory compliance
Fiat Chrysler as appointed longtime engineering executive Mark Chernoby to a new role as the automaker's global chief technical compliance officer. ...
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VW's Seat recruits new sales boss from Audi
VW Group's Seat brand has recruited Audi veteran Wayne Griffiths as its new sales and marketing boss ...
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Daimler lures exec from Citroen to lead digital sales unit at Mercedes
Daimler has hired a former Citroen executive to run a new department focused on technology sales and ...
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FCA's U.S. communications chief Ranieri returns to Italy
Gualberto Ranieri, the senior vice president for communications for Fiat Chrysler Automobiles' subsidiary, FCA US, has returned to Italy, seven years after arriving to work... ...
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Former Audi, Mercedes exec named new Cadillac Europe boss
GM has appointed former Audi and Mercedes executive Felix Weller as head of Cadillac Europe as it tr ...
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VW veteran Powels faces tough task in South America
VW brand named David Powels as head of its South American operations. Powels faces a tough challenge ...
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Faraday names Ferrari exec Mattiacci global brand chief
Electric vehicle startup Faraday Future appointed longtime Ferrari executive Marco Mattiacci to the post of global chief brand and commercial officer. ...
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GM names Boler-Davis head of global manufacturing
General Motors named Alicia Boler-Davis as its head of global manufacturing and labor relations, the ...
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Cadillac XT5 price undercuts rivals in Europe
Cadillac aims to increase its SUV market share in Europe by pricing its new XT5 below German premium ...
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Honda hopes NSX halo effect will give automaker a boost in Europe
Honda hopes for a halo effect boost in Europe from its NSX supercar. The NSX is a "branding exercise ...
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Alfa touts Giulia's driving dynamics
Alfa Romeo claims its new Giulia has better driving dynamics than rivals such as the BMW 3 series be ...
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Suzuki Baleno is company's first model in Europe with fuel-saving mild hybrid
Suzuki has boosted fuel economy in its new Baleno hatchback by using a mild hybrid system for the fi ...
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MG aims first SUV at budget buyers
MG Motor, a Chinese-owned UK brand, is aiming its first SUV, the GS, at families looking for a budge ...
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Maserati expects first SUV to become its best-seller
Maserati is embracing the boom in luxury SUV sales with the launch of its Levante crossover, which t ...
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McLaren aims cozy 570GT at new audience
McLaren says that the 570GT is the first supercar it has produced that was not conceived primarily w ...
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VW Tiguan offers more room, less weight
Volkswagen has made its new Tiguan lighter, roomier and added more technology as standard equipment ...
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Audi SQ7's electric compressor banishes turbo lag
Audi's SQ7 is the world's first production vehicle equipped with an electric powered compressor, whi ...
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F-Pace set to become Jaguar's top-seller
Jaguar expects the F-Pace to become the brand's best-selling model to date after record advance sale ...
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Suppliers to the new Alfa Romeo Giulia
Assembly of the all-new Alfa Romeo Giulia began in March at parent Fiat Chrysler Automobile’s ...
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Suppliers to the new Audi A4
Assembly of the fifth-generation Audi A4 began in July 2015 at Audi's factory in Ingolstadt, Germany ...
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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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