Dealer Groups And Dealerships

KAR Auction's Q4 net income drops despite gain at ADESA

UPDATED: 2/22/17 4:17 pm ET - adds stock close

ADESA parent company KAR Auction Services reported a 5.8 percent decline in fourth quarter net income on higher service costs and selling and administrative expenses.

Mercedes dealers get relief on renovations

A pledge by Mercedes-Benz to give U.S. dealers a 10-year moratorium on making facility changes is unusual.

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