Dealer Groups and Dealerships

TrueCar offers upfront pricing on document fees, dealer-added accessories

11:46 am U.S. ET | Oct. 15, 2014
TrueCar, bidding to increase transparency of vehicle transaction costs, said its 9,000 dealer franchisees agreed to reveal all vehicle accessory and nongovernmental document fees when guaranteeing prices to TrueCar shoppers... Read More »

 

Bergstrom thanks employees with annual gala

12:01 am U.S. ET | Oct. 15, 2014
Once a year, Bergstrom Automotive thanks its hardest-working employees by giving them the red-carpet treatment at an employee appreciation gala. The Wisconsin dealership group has six stores on this year's Automotive News list of the Best Dealerships To Work For.... Read More »

 

Audi dealership ads tout cars, workers

12:01 am U.S. ET | Oct. 15, 2014
If you're an employee at New Country Audi of Greenwich, there's a good chance you'll be making headlines. Each week, Eric Ferits, the Connecticut dealership's general manager, honors an employee in a local newspaper ad. Alongside the ad's listings of that week's deals and highlighted vehicles, an article features a biography of the employee and a commendation of their work.... Read More »

 

At Greg May Honda, driven salespeople reap rich rewards

12:01 am U.S. ET | Oct. 15, 2014
Greg May is two for two this year. Both Texas dealerships bearing his name are on this year's list of the Best Dealerships To Work For, after Greg May Honda made the list by itself in 2013.... Read More »

 

A shared mission, a shared reward

12:01 am U.S. ET | Oct. 15, 2014
Staff meetings can be a drag -- unless you get paid for attending. At George Matick Chevrolet in Redford Township, Mich., each of the 137 employees gets lunch and a crisp $50 bill for showing up at the quarterly meeting -- as long as the dealership hits General Motors' quarterly dealer-excellence goals.... Read More »

 

3-peat

12:01 am U.S. ET | Oct. 15, 2014
These 16 dealerships have been among the Best Dealerships To Work For each of the 3 years that Automotive News has compiled the list.... Read More »

 

PETER B. BURKE

'14 honorees raise the bar for worker engagement

12:01 am U.S. ET | Oct. 15, 2014
My firm, Best Companies Group, measures employee engagement and satisfaction. In determining the 2014 Best Dealerships To Work For, we surveyed more than 55,000 dealership employees.... Read More »

 

What, me worry? Hendrick says deal-hungry Buffett won't keep him from buying

12:01 am U.S. ET | Oct. 13, 2014
Car dealer Rick Hendrick has a message for auto retailers looking to sell their family business: He's still buying.... Read More »

 

Dealership consolidation is coming -- but how fast and how much?

12:01 am U.S. ET | Oct. 13, 2014
Dealership consolidation is expected to accelerate as Warren Buffett's entry into automotive retailing attracts more buyers, observers said.... Read More »

 

Pickups defy fall in used-vehicle prices

1:59 pm U.S. ET | Oct. 10, 2014
In September, overall used-vehicle prices fell for the fifth month in a row, but prices of used pickups rose sharply. It’s all part of a healthy overall market, said Tom Webb, chief economist at auction giant Manheim.... Read More »

 

DAVID BARKHOLZ

In Chicago, Cox execs hear dealers' concerns -- and praise

10:26 pm U.S. ET | Oct. 9, 2014
vAuto's Access: Velocity conference has been an eye-opening experience for the senior management of Cox Automotive -- formerly the AutoTrader Group -- as well as the dealers attending.... Read More »

 

Landers starts up another dealership group

12:01 am U.S. ET | Oct. 6, 2014
Longtime Arkansas dealer Steve Landers said he simply likes to build dealership groups.... Read More »

 

'THIS IS JUST THE BEGINNING'

Buffett's Van Tuyl purchase puts top retailers in cross hairs

12:01 am U.S. ET | Oct. 6, 2014
When Warren Buffett signed a deal to buy Van Tuyl Group last week through his Berkshire Hathaway Inc. investment company, he clearly signaled that the top four dealership groups are in his sights. With Buffett at its helm, the country's fifth-biggest dealership group is about to get a lot bigger.... Read More »

 

BUFFETT | VAN TUYL DEAL

For Buffett, long drive to next Cadillac

12:01 am U.S. ET | Oct. 6, 2014
Warren Buffet's Berkshire Hathaway Inc.'s purchase of the Van Tuyl Group means he probably won't be going back to Huber Cadillac, the Omaha, Neb., dealership where he bought a new XTS in May.... Read More »

 

BUFFETT-VAN TUYL DEAL

Reactions to Buffett-Van Tuyl deal

12:01 am U.S. ET | Oct. 6, 2014
Some reaction of the Warren Buffett, Van Tuyl deal from dealership groups and buy-sell groups.... Read More »

 

$4 billion deal? A win all around, experts say

12:01 am U.S. ET | Oct. 6, 2014
Experts in dealership buy-sells estimate Warren Buffett's Berkshire Hathaway Inc. paid $4 billion for Van Tuyl Group.... Read More »

 

BUFFETT | VAN TUYL DEAL

Buffett, already an investor, doubles down on autos

12:01 am U.S. ET | Oct. 6, 2014
Warren Buffett's purchase of the Van Tuyl Group may be his first foray into auto retailing, but he already has bet heavily on the turnaround of General Motors.... Read More »

 

BUFFETT | VAN TUYL DEAL

How Van Tuyl wooed Buffett

12:01 am U.S. ET | Oct. 6, 2014
The path to Warren Buffett's acquisition of dealership giant Van Tuyl Group began more than 10 years ago when Larry Van Tuyl became one of Berkshire Hathaway's shareholders.... Read More »

 

BUFFETT | VAN TUYL DEAL

Van Tuyl grew from 1 store to a colossus

12:01 am U.S. ET | Oct. 6, 2014
The Van Tuyl Group of Phoenix, the nation's fifth-largest dealership group and the largest privately held one, had humble beginnings. Founder Cecil Van Tuyl got his start in the auto industry in the 1940s selling used cars in Kansas City, Mo.... Read More »

 

BUFFETT | VAN TUYL DEAL

Buffett opens door for more outsiders

12:01 am U.S. ET | Oct. 6, 2014
Billionaire Warren Buffett is paving the way for more outside investors to buy large dealership groups, experts said. Buy-sell advisers say they have seen growing interest from private-equity and outside investors in buying car dealerships, but in recent weeks, the pace of that interest is quickening.... Read More »

 

EDITORIAL

Warren Buffett, the Oracle of Automotive

12:01 am U.S. ET | Oct. 6, 2014
Warren Buffett's investment is an endorsement of auto retailing and its prospects. And his statement that he's already looking to buy more dealerships will pour fuel on an already blazing buy-sell market.... Read More »

 

EDWARD NIEDERMEYER

Dissecting what it means when Buffett grabs the wheel

11:27 am U.S. ET | Oct. 4, 2014
Wherever Warren Buffett goes, investors follow. But for anyone who thinks now is the best time to buy into car dealerships, a quick reality check may be in order.... Read More »

 

BUFFETT | VAN TUYL DEAL

Berkshire Hathaway Auto CEO ready to accelerate growth

12:01 am U.S. ET | Oct. 4, 2014
As CEO of the future Berkshire Hathaway Automotive, Jeff Rachor is positioned to push the accelerator of growth. It's a role he knows well. Rachor has helped the Van Tuyl Group add a handful of stores annually since becoming COO in 2010.... Read More »

 

Van Tuyl founder was 'excited' about Buffett talks

12:01 am U.S. ET | Oct. 4, 2014
Larry Van Tuyl is looking to his father for inspiration on the next phase of his working life. Van Tuyl will become chairman of Berkshire Hathaway Automotive after the sale of his dealership group to Warren Buffett's investment company is complete.... Read More »

 

U.S. charges 5 former dealer employees with loan fraud conspiracy in Ala.

7:38 am U.S. ET | Oct. 3, 2014
Five former Serra Nissan employees have been charged in Birmingham, Ala., in connection with an alleged conspiracy to fraudulently increase loan approvals and car sales, the FBI said in a statement.... Read More »

 

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No. 1 store empowers, retains employees

No. 1 store empowers, retains employees

Texas dealer Greg May encourages his staffers to provide input and solve problems on their own. Mon., October 20
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