Dealer Groups and Dealerships


Group helps dealers woo young people

12:01 am U.S. ET | Nov. 2, 2015

I read "Hey, kids! Why not try the auto industry?" (Oct. 19) about the need to attract young talent. Our dealer members had been telling our association for some time about the difficulty in attracting the right people to apply for positions.... Read More »

Penske reports a 17% rise in Q3 profits, eyes Europe deals

8:00 am U.S. ET | Oct. 29, 2015

Penske Automotive Group reported third-quarter net income rose 17 percent on higher vehicle sales and strong revenue from finance and insurance, and service and parts operations. The company ended the quarter with about $800 million in liquidity and Chairman Roger Penske hinted at further dealership acquisitions coming in Europe this quarter or in the first quarter.... Read More »

AutoNation buys 12 Texas stores in biggest purchase since 1999

8:15 am U.S. ET | Oct. 28, 2015

AutoNation is acquiring 12 stores in Texas from Allen Samuels Auto Group. The stores generate approximately $800 million in revenues and sell about 19,500 new and used retail units a year. Terms of the deal were not disclosed.... Read More »

AutoNation, Group 1, Sonic post F&I gains

2:15 pm U.S. ET | Oct. 28, 2015

Large public new-car dealership groups AutoNation, Group 1 Automotive and Sonic Automotive reported improved F&I revenue per vehicle retailed in the third quarter. AutoNation reported the most significant surge.... Read More »

Sonic's Q3 profit rises 7.3% on strong used-car business

7:30 am U.S. ET | Oct. 28, 2015

Sonic Automotive's third-quarter net income rose 7.3 percent from a year earlier to $26.5 million on strong used-car sales, fixed operations and its new sales initiative called One Sonic-One Experience.... Read More »

AutoNation's Q3 net rises 11%

8:45 am U.S. ET | Oct. 28, 2015

AutoNation's third-quarter net income rose 11 percent to $118.5 million from a year earlier, as revenues increased 9.1 percent to $5.35 billion. Revenues rose across all business lines, climbing by double digits for new-vehicle sales as well as finance and insurance.... Read More »

Group 1 says Q3 adjusted income rises 16% to $46 million

7:38 am U.S. ET | Oct. 27, 2015

Group 1 reported strong third-quarter earnings as robust new and used car sales in both the U.S. and United Kingdom more than offset weaker performance in its Brazilian operations.... Read More »

Asbury's Q auto store tries brand recognition

12:01 am U.S. ET | Oct. 26, 2015

Asbury launched Q auto in mid-2014 to go after used-car sales in a more targeted way. The stores aren't profitable yet, but Asbury executives say they're happy so far. They'll next test whether adding one of Asbury's known regional brand names to the concept will make a difference in store performance.... Read More »

Automotive stocks lag other indexes in tough 3rd quarter

12:01 am U.S. ET | Oct. 26, 2015

Global automotive stocks took a pounding in the third quarter, part of a broad downturn in financial markets.... Read More »

It may be left to vendors to create cross-platform auctions

12:01 am U.S. ET | Oct. 26, 2015

Outside vendors, not the current online-auction giants, may take multiple platform auction sales to the next level by creating technology that will allow buyers to bid across competing platforms until the sale is done.... Read More »

AutoNation nears purchase of Texas dealership group, source says

9:23 pm U.S. ET | Oct. 25, 2015

AutoNation is poised to make its second huge acquisition deal of 2015. The nation's largest new-car retailer is negotiating to buy Allen Samuels Auto Group based in Waco, Texas, a person familiar with the transaction said.... Read More »

Ferrari-Maserati casino dealership reopens in downtown Las Vegas

3:36 pm U.S. ET | Oct. 22, 2015

The Ferrari-Maserati dealership formerly located inside the Wynn Las Vegas casino and hotel has been purchased by a downtown Vegas luxury car dealership.... Read More »

Asbury, Lithia boost per-vehicle F&I revenue

11:30 am U.S. ET | Oct. 21, 2015

Asbury Automotive Group and Lithia Motors, two of the nation's six large public new-car retailers, reported increases in profits per vehicle retailed during the third quarter.... Read More »

Lithia gears up acquisitions to meet new profit goal

11:07 am U.S. ET | Oct. 21, 2015

Lithia Motors is ramping up its store acquisition strategy after setting aggressive new earnings goals. “We are looking at approximately 30 deals in the New Jersey and L.A. markets,” Lithia CEO Bryan DeBoer said today after reporting strong gains during the third quarter.... Read More »

Asbury Q3 net income jumps 57% on store divestitures

11:40 am U.S. ET | Oct. 21, 2015

Net income at Asbury Automotive Group Inc. jumped 57 percent to $51.1 million in the third quarter, boosted largely by a gain on divestitures. Asbury CEO Craig Monaghan described the quarter as “another record.”... Read More »


Here's to 100 happy workplaces

12:01 am U.S. ET | Oct. 19, 2015

Automotive News celebrated the best dealership workplaces again last week. But to the stores honored in this program, it's so much more than that. Just ask Adam Arens.... Read More »

A new kind of buy-sell player

12:01 am U.S. ET | Oct. 19, 2015

With the Bechtel family's majority purchase of Morrie's Automotive Group in Minneapolis, a new kind of buyer steps up in the dealership acquisition market: family offices -- firms set up to invest wealthy families' money.... Read More »

Illinois dealer in line to lead NADA in '17

12:01 am U.S. ET | Oct. 19, 2015

The National Automobile Dealers Association chose Illinois dealer Mark Scarpelli to be its 2016 vice chairman, putting him in line to be chairman in 2017.... Read More »

Morrie's in Twin Cities sells to family behind construction giant Bechtel

1:45 pm U.S. ET | Oct. 15, 2015

Longtime Minneapolis dealer Morrie Wagener is selling his stake in his 11-store group to the family behind construction and engineering giant Bechtel Corp. Morrie's Automotive CEO Karl Schmidt will retain his own ownership stake and will stay on to manage the company.... Read More »

Autotrader inflated vehicle views, New York dealership group's lawsuit says

2:00 pm U.S. ET | Oct. 15, 2015

A New York City dealership group is suing Autotrader in federal court for at least $1.5 million, alleging the online vehicle-shopping site double-counted the number of shoppers viewing its car listings over five years and hid the issue to retain the subscription.... Read More »

Great perks by the Golden Gate

12:01 am U.S. ET | Oct. 14, 2015

Jaguar-Land Rover-Volvo Marin, which does a brisk business supplying vehicles to the wealthy lovers of the great outdoors, also offers regular doses of California fun to its employees, ranging from lunchtime visits by a taco truck to off-road driving excursions.... Read More »


Motivation? Take me out to the (minor league) ballgame

12:01 am U.S. ET | Oct. 14, 2015

Taking the team out to the ballgame is a popular theme among dealerships on this year's Best Dealerships To Work For list. But some see a difference between major and minor league sports teams and the message sent to employees.... Read More »

When an open-door policy isn't enough

12:01 am U.S. ET | Oct. 14, 2015

At the Best Dealerships To Work For, management goes far beyond the traditional but passive open-door policy. They are constantly and actively reaching out to connect with their staffers.... Read More »

The best dealerships take care of their own

12:01 am U.S. ET | Oct. 14, 2015

Several dealerships on this year's list of the Best Dealerships To Work For help employees during times of need. Some offer loans and grants in times of financial strain. Others spread awareness and offer donations for health-related issues their employees face.... Read More »

How dealerships turn green into green

12:01 am U.S. ET | Oct. 14, 2015

It's common for dealerships to be active in local charities. Many pursue environmental initiatives. And some combine the two: turning their green efforts into greenbacks that can support charities.... Read More »

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GM's Barra: Tapping into ideas from Silicon Valley

GM's Barra: Tapping into ideas from Silicon Valley

General Motors CEO Mary Barra comments on lessons from mom; girls who shy away from math; slicing a 10-page policy down to two words; tapping millennials to erase stupid habits; taking regular trips to Silicon...
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