Dealer Groups and Dealerships

NEWS ANALYSIS

Where's that used-vehicle price plunge?

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

After used-vehicle prices went up steadily over the last few years, forecasters agreed that those prices would fall in 2016. But that hasn't happened -- yet. Here's why.... Read More »

Dealership group nailed again on ad charges

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

In 2014, Southwest Kia, which operates three dealerships in the Dallas area, signed a consent order with the Federal Trade Commission, promising to halt what the agency said was deceptive advertising. Within months, the dealership group was back at it, the FTC says.... Read More »

Margins, costs threaten luxury-store values

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

Dealership acquisitions were down in the first half of 2016, though multistore deals were up. Buy-sell advisers expect more pressure on luxury-brand store values as manufacturers seek expensive facility upgrades and as margins and volume continue to be under pressure.... Read More »

The public dealerships are buying -- and selling

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

In the first half of 2016, the public dealership groups sold nearly as many dealerships as they acquired, according to "The Blue Sky Report," a quarterly publication by dealership buy-sell adviser Erin Kerrigan.... Read More »

Asbury expands online sales experiment

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

Asbury Automotive Group Inc. is trying a low-cost approach to selling vehicles online.... Read More »

Used-car prices start to soften

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

After showing strength in the first half of the year, used-vehicle prices are beginning to soften.... Read More »

What next for OEConnection?

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

General Motors and Ford, which have sold a controlling interest in the online parts marketplace to a private equity firm, hope that Providence Equity Partners will strengthen OEConnection the way it did AutoTrader.... Read More »

VIDEO: First Shift: 'Miles away' from GM, Unifor says

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

'Miles away' from GM, Unifor says; Per-store sales drop predicted for '16; Audi exec questioned; Cox personnel move; Nissan anthropologist adds human element to autonomous cars.... Read More »

Geitner replaces Rowe as head of Cox's Media Solutions Group

3:34 pm U.S. ET | Aug. 10, 2016

Cox Automotive named Brian Geitner to replace Jared Rowe as president of its Media Solutions Group, where Geitner will lead Autotrader, Kelley Blue Book and Dealer.com.... Read More »

Cox Automotive: A 'house of brands' becomes a retail powerhouse

12:01 am U.S. ET | Aug. 8, 2016

Seemingly overnight, Cox Automotive has burst on the scene as a broad dealer-services provider that touches three out of four vehicle transactions in some way.... Read More »

JAMES B. TREECE

Public groups show discipline in Q2

12:01 am U.S. ET | Aug. 8, 2016

The six publicly traded dealership groups deserve a salute for a much better second quarter than the headline numbers indicate.... Read More »

Cox allows competition among subsidiaries

12:01 am U.S. ET | Aug. 8, 2016

Stockwave, an auction software, goes after the vehicles that best fit a dealership's needs, even if those vehicles are at Manheim's competitors.... Read More »

Cox's vision for online sales

12:01 am U.S. ET | Aug. 8, 2016

A few clicks won't get a consumer a car — yet. But Cox Automotive has a vision for how its many entities will enable consumers to buy cars online from dealerships.... Read More »

Dealer.com helps channel ad dollars locally

12:01 am U.S. ET | Aug. 8, 2016

Dealer.com increasingly is helping national brands coordinate local digital advertising with dealerships.... Read More »

AutoCanada Q2 profit, revenue rise on cost controls

3:00 pm U.S. ET | Aug. 5, 2016

AutoCanada posted higher profits and revenue in the second quarter despite an “economic slowdown” in Western Canada that has put a chill on the retailer's unit sales. The retailer, based in Edmonton, Alberta, cited cost controls, as well as enhanced asset productivity, for the improved financial results, despite mixed new and used vehicle sales.... Read More »

Wholesale used-vehicle prices rise for 4th straight month, Manheim index shows

3:57 pm U.S. ET | Aug. 5, 2016

Wholesale used-vehicle prices rose for a fourth straight month in July, despite predictions prices would fall in 2016 as a flood of off-lease vehicles came on the market, according to the Manheim Used Vehicle Value Index released Friday.... Read More »

ADESA buoys KAR Auction Services Q2 results

11:46 am U.S. ET | Aug. 4, 2016

Auction site acquisitions and an influx of off-lease vehicles lifted second-quarter profits, revenue and unit sales at ADESA.... Read More »

Leasing booms as automakers work to balance residual values, monthly payments

1:00 pm U.S. ET | Aug. 3, 2016

New car and truck lease volume has doubled since 2011, and leasing is gaining traction among buyers who were less likely to consider it before, according to a study by Edmunds.com. But the growth in leasing could slow as automakers balance residual values and attractive monthly payments.... Read More »

HANNAH LUTZ

BLOG: A leasing pullback could benefit industry

11:00 am U.S. ET | Aug. 3, 2016

Last month, leasing fell to its lowest level since May 2015, but maybe an ease in leasing is favorable for automakers.... Read More »

Publics boost F&I per unit in Q2

1:30 pm U.S. ET | Aug. 3, 2016

All six public new-car retailers posted improved F&I revenue per vehicle retailed during the second quarter. Higher F&I product sales, use of technology in the F&I process and a favorable lending environment drove most of the gains, executives said.... Read More »

Sonic will offer online car-buying

12:01 am U.S. ET | Aug. 1, 2016

Sonic Automotive plans to launch technology by early next year that will allow it to offer customers the ability to complete an entire vehicle purchase online.... Read More »

VIDEO: First Shift: What motivates moves to Mexico

12:01 am U.S. ET | Aug. 1, 2016

What motivates moves to Mexico; Tesla buying SolarCity; Sonic to offer online purchasing; Delphi self-driving project; Snyder: July's big hope; Addicted to Dodge?... Read More »

Cars.com wants to tell dealers’ story

12:01 am U.S. ET | Aug. 1, 2016

Cars.com's planned purchase of review site DealerRater will help dealerships spread the word about strong employees to a wider spectrum of potential customers, says CEO Alex Vetter.... Read More »

Stop-sales punish dealer profits

12:01 am U.S. ET | Aug. 1, 2016

Stop-sale orders on cars hurt public dealership groups' second-quarter earnings. Now those groups are gearing up to attack the problem.... Read More »

AutoNation expands TrueCar pilot, in latest sign of reconciliation

3:32 pm U.S. ET | July 29, 2016

After getting good results in an initial pilot program, AutoNation will expand its use of TrueCar to at least 23 more dealerships. After a bitter break in 2015, the third-party lead provider could be back in place at all AutoNation stores by the end of the year.... Read More »

 
Ghosn's life-changing post-Christmas offer

Douglas A. Bolduc
5:37 am U.S. ET | Aug. 22 2016

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Carlos Ghosn's powers of persuasion are very hard to resist, Nissan Brazil's current boss learned on Dec. 26. 2011. ...
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Automakers face uncertainty over key Chinese government policies

Yang Jian
6:24 am U.S. ET | Aug. 19 2016

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Auto executives in China are worried these days. ...
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Confessions of a diesel junkie


12:01 am U.S. ET | Aug. 3 2016

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My plan to someday drive off into the sunset in a diesel-powered car at the conclusion of my career ...
 Read More ›

Newsletters & Alerts
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VW brand suffers most as car sales fall 2% in Europe's top 5 markets in July
VW brand car sales fell steeply in Europe's top five markets in July as the automaker continued to s ...
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Lada defies Russian market slump with new Western-style cars
Lada bucked the Russia's steep slump with a 4 percent rise in sales last month in a market down 17 p ...
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UK car sales flat in July amid signs of a consumer slowdown
British new-car sales were flat in July but demand from private consumers fell, suggesting a hit to ...
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Western Europe sales fall 2% in first monthly decline since 2013
New-car sales in western Europe fell 2 percent in July, the first monthly decline since August 2013, ...
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German car sales fell 3.9% in July as VW Group takes big hit
New-car sales in Germany fell 3.9 percent in July on fewer selling days, with VW Group brands suffer ...
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Italy car sales growth slows to 2.9% in July
New-car sales in Italy grew by 2.9 percent in July -- less than the double-digit growth recorded in ...
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French new-car sales plunged nearly 10% in July
French car sales fell 9.6 percent in July on fewer selling days with PSA and VW Group suffering stee ...
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Europe's first-half sales growth beats predictions, but Brexit could slow surge
Europe's first-half car sales grew by a stronger-than-expected 9.1 percent with nearly every automak ...
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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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Bentley names new head of exterior design
Bentley has promoted John Paul Gregory to its head of exterior design. Gregory was previously advanc ...
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Audi lures Volvo exec to lead electrics unit
Audi has hired former high-ranking Volvo executive Thomas Mueller to be its head of electrics/electr ...
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Volkswagen Group appoints China chief for VW brand
VW Group appointed veteran manager Stephan Woellenstein to the newly created position of CEO for the ...
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Ford promotes UK exec Periam to Europe finance chief
Ford executive Will Periam is the new chief financial officer of the automaker's European subsidiary ...
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Ex-Mini design chief Warming joins Chinese-backed Borgward
Borgward, a German brand that has been revived with Chinese backing, has recruited Mini's former des ...
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PSA names new Peugeot, China, Europe chiefs
PSA Group named new chiefs for its Peugeot brand and for its Europe and China regions. ...
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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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Hyundai sees Ioniq as brand hero
Hyundai sees its new Ioniq as its green flagship and a key image booster in Europe even if sales wil ...
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Seat expects Ateca to strengthen its profitability
Seat, which recently returned to profitability after years of losses, expects to further strengthen ...
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Ford makes Edge its European flagship
Ford says it will target premium rivals including the Volvo XC60 and Audi Q5 with its new European f ...
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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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Suppliers to the new VW Tiguan
VW started production of the new Tiguan in January at its factory in Wolfsburg, Germany. Output is e ...
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Suppliers to the new Bentley Bentayga
Bentley Bentayga production began in November 2015 at the brand's factory in Crewe, England. ...
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Suppliers to the new Renault Talisman
Assembly of the new Renault Talisman began in September 2015 at Renault's factory in Douai, France. ...
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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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