Retail

Buick cracks top 10 on Consumer Reports report card; Acura, Mercedes, Infiniti drop

12:45 pm U.S. ET | Feb. 24, 2015
Buick climbed into the Top 10 while Acura, Infiniti and Mercedes-Benz fell hard in the latest report card on reliability and performance from Consumer Reports. Lexus finished No. 1 for the third straight year, ahead of a rising Mazda. Fiat Chrysler's Fiat brand came in last, just below corporate sibling Jeep.... Read More »

 

RICHARD TRUETT

De Nysschen, 'Dare' I say, needs a better plan to rebuild Caddy's image

12:01 am U.S. ET | Feb. 24, 2015
An open letter to Cadillac boss Johan de Nysschen: Fixing Cadillac will be the biggest challenge of your career, a far larger task, even, than breathing new life into Audi. My brother is a perfect example why.... Read More »

 

Tata plans image lift for ultracheap Nano

6:43 pm U.S. ET | Feb. 24, 2015
Tata Motors, producer of the car conceived as the world's cheapest, is rethinking the “cheap” part of it. The Indian automaker believes its Nano, which went on sale in 2009 with a price tag of about $2,500, may have been too inexpensive for its own good.... Read More »

 

Group 1 director resigns citing Buffett-Van Tuyl deal

5:27 pm U.S. ET | Feb. 24, 2015
Group 1 Automotive board member Beryl Raff has resigned, citing a potential conflict of interest related to her employer, Berkshire Hathaway, and its pending purchase of the Van Tuyl dealership group. Raff gave up her seat on Feb. 20, Group 1 said in an SEC filing.... Read More »

 

Auto loan securitization probed by U.S., states

4:50 pm U.S. ET | Feb. 24, 2015
The Justice Department and state authorities are looking into the securitization of auto loans for possible fraud as part of an effort to seek out emerging areas of abuse, Acting Deputy Attorney General Sally Quillian Yates said.... Read More »

 

Sonic reports progress toward 45-minute transaction goal

9:01 am U.S. ET | Feb. 24, 2015
Sonic Automotive said today its new One Sonic-One Experience program to speed up transactions is making progress toward hitting its goal of cutting closing times to 45 minutes on average.... Read More »

 

Dealertrack reports revenue gains for Q4, all of 2014

12:02 pm U.S. ET | Feb. 24, 2015
Dealertrack Technologies, which supplies a wide variety of auto dealership retail software and services, said it posted revenue gains across the board during the fourth quarter of 2014 -- including organic growth of more than 20 percent.... Read More »

 

Upgrade envy has drivers trading in cars as often as iPhones

7:26 am U.S. ET | Feb. 24, 2015
Mike Fine was perfectly happy with his 2011 Nissan Xterra. Then he got a look at his son's ride. The 2015 Jeep Grand Cherokee was packed with technology: a touchscreen loaded with apps, Bluetooth, all-wheel drive and push-button start. The Nissan had none of those. Fine did what any self-respecting father would do: He ditched the 4-year-old Nissan SUV for his own Grand Cherokee.... Read More »

 

Canadian railroad reaches tentative deal with union, averting lockout

11:39 am U.S. ET | Feb. 24, 2015
Canada's biggest railway reached a last-minute tentative agreement with one of its unions on Monday, averting a lockout that threatened to delay imports from Asia and compound a US West Coast port logjam.... Read More »

 

Toyota's most high-tech car gets ultra low-tech birth

6:47 am U.S. ET | Feb. 24, 2015
Toyota celebrated the launch of its high-tech Mirai fuel cell vehicle today from its noticeably low-tech production line. And President Akio Toyoda chose today as the celebration date for a reason. It's the five-year anniversary of when Toyoda was hauled before a congressional panel to answer questions about his company's unintended acceleration recalls.... Read More »

 

GKN sees more growth this year after 2014 profits rise 4%

Feb. 24, 2015 11:12 CET
UK supplier GKN reported a 4 percent rise in annual profit last year and said it expected to grow again in 2015, helped by the continued strong demand for car parts.... Read More »

 

EPA tweaks fuel economy test to improve accuracy of mpg labels

3:37 pm U.S. ET | Feb. 23, 2015
The EPA today issued updated procedures for a critical part of fuel economy testing that some automakers have struggled with in the last two years. The update covers how automakers should calculate road load values in coast down tests, which measure the rolling resistance and aerodynamic drag of vehicles as they glide from 70 mph to a stop on a straight, flat track.... Read More »

 

ADESA bows out of multiple platform auction sales

7:52 pm U.S. ET | Feb. 23, 2015
After investing nearly two years and “several million dollars” to help create online auction selling across multiple platforms, ADESA is bowing out, said Peter Kelly, president of ADESA's corporate sibling in charge of digital services.... Read More »

 

Dilawri Group expands rapidly in Canada

12:01 am U.S. ET | Feb. 23, 2015
Privately held Dilawri Group of Cos., Canada's largest dealership group by store count, is in rapid expansion mode. Dilawri, of Toronto, expanded into Quebec in January and since then opened a second dealership in the province with a third, in Montreal, slated to open by the end of the first quarter.... Read More »

 

Social-media 'influencers' create product buzz, change policies

12:01 am U.S. ET | Feb. 23, 2015
An individual with social-media savvy can launch a discussion online that quickly influences industry actions. By knowing their audiences, influencers can quickly gain the same credibility with them as friends or neutral third parties. They can deliver messages more effectively than conventional media.... Read More »

 

Daimler says it will sell more than 500,000 trucks this year, 700,000 by 2020

6:26 am U.S. ET | Feb. 23, 2015
Daimler expects truck sales to rise at least 5 percent to more than 500,000 this year and to 700,000 by 2020 due to rising demand in the U.S., helping to offset a slump in markets such as Brazil, trucks chief Wolfgang Bernhard said today.... Read More »

 

TrueCar's new pitch: Factory coupons for shoppers

12:01 am U.S. ET | Feb. 23, 2015
TrueCar Inc. spent the past two years rebuilding relations with dealers. Now the vehicle-shopping site is turning its attention to automakers to boost sales. TrueCar is forming a council of manufacturer executives, similar to its dealer council, to advance its Live Prospect product, TrueCar President John Krafcik said.... Read More »

 

Powerful? In this race, Ferrari trails Lego

12:01 am U.S. ET | Feb. 23, 2015
Lego has toppled Ferrari from the top spot as the world's most powerful brand, says a new study. The annual study by consultancy Brand Finance tracks brands on such measures as their familiarity, loyalty, promotion, staff satisfaction and corporate reputation. Lego, the consultancy says, got a boost this past year from The Lego Movie.... Read More »

 

Tesla: The one company that can get Kochs, Sierra Club to see eye to eye

12:01 am U.S. ET | Feb. 23, 2015
The Koch brothers' businesses market fossil fuels and turn forests into toilet paper. The Sierra Club, well, doesn't do those things. But on this much they agree: Tesla should be able to sell its electric cars directly to consumers.... Read More »

 

Did you hear the one about the GM phone?

12:01 am U.S. ET | Feb. 23, 2015
News reports about Apple getting into the car business were the talk of Detroit and Silicon Valley last week. Many in Detroit think the maker of the iPhone is biting off more than it can chew. Many in Silicon Valley think an Apple car would be better than anything from Detroit. Jokesters on the Internet also had a field day.... Read More »

 

JAMES B. TREECE

Car stores could be just like Apple stores, right?

12:01 am U.S. ET | Feb. 23, 2015
"How's it going?" I asked my friend Gene-Erik Marketer. I hadn't seen him since the NADA convention. "Great!" he replied. "I really got our dealers fired up at our make meeting with my pitch to make our dealerships more like Apple stores!" I had to ask: "What does that mean?"... Read More »

 

EDITORIAL

A sweet fleet deal

12:01 am U.S. ET | Feb. 23, 2015
The victor of the next Postal Service fleet contract wins a ubiquitous showcase of its innovation, utility and durability for years to come. This is a deal that would be well worth the effort.... Read More »

 

Porsche dealers eager to upgrade

12:01 am U.S. ET | Feb. 23, 2015
About 150 of the 189 U.S. Porsche dealerships are renovating or expanding as the brand's sales have soared. Porsche Cars North America wants additional showroom and service space from dealers to accommodate the growing number of nameplates in its lineup and the additional vehicles on the road.... Read More »

 

Porsche may close a few U.S. dealerships

12:01 am U.S. ET | Feb. 23, 2015
A handful of U.S. markets still have too many Porsche dealerships, Porsche Cars North America COO Joe Lawrence said, and the company may use its right of first refusal to close stores. But given Porsche's sales growth and the valuations of its dealerships, consolidation in those markets will be difficult.... Read More »

 

Lithia launches pay plan to retain top store managers

12:01 am U.S. ET | Feb. 23, 2015
Lithia Motors Inc. has started a new program that identifies top managers and gives them increased stock ownership in lieu of cash. The goal is to retain top talent and improve store performance, says Lithia CEO Bryan DeBoer.... Read More »

 

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