Dealers

Dealers

12:01 am U.S. ET | Oct. 27, 2014
Dealers featured this week include David Butkus, dealer principal of Freehold Dodge (Dodge-Ram) in Freehold, N.J.; Randy Reed, president of Randy Reed Buick-GMC in Kansas City, Mo.; Randy Williams, dealer principal of Williams Toyota of Sayre in Sayre, Pa.; and Mark Zimmerman, president of Mark Zimmerman Hyundai in Cedar Rapids, Iowa.... Read More »

 

SHAREHOLDER VALUE REPORT

A sobering quarter for auto shareholders

12:01 am U.S. ET | Oct. 27, 2014
It was a tough third quarter for auto industry investors as falling international and softening U.S. financial markets depressed shareholder value for companies that build, supply or retail vehicles. Values fell for all three categories of public companies in the Automotive News/PwC Shareholder Value Index during the July-September period.... Read More »

 

Dealer takes flight to get patient to needed care

12:01 am U.S. ET | Oct. 27, 2014
Mary Margaret Lynn of Cape May Court House, N.J., knows what it's like to go from giddy joy to overwhelming sorrow all in the span of about two weeks.... Read More »

 

Group 1 slows acquisitions

12:01 am U.S. ET | Oct. 27, 2014
Group 1 Automotive Inc., put off by high prices for dealerships and unacceptable returns, will slow its acquisition pace in the near term.... Read More »

 

GM plans to build on growth of minority-owned stores

12:01 am U.S. ET | Oct. 27, 2014
General Motors added 21 minority-owned dealerships to its network so far this year, with plans to add a "couple more" this month and perhaps more by year end, said Eric Peterson, GM's U.S. vice president of diversity dealer relations.... Read More »

 

LETTER TO THE EDITOR

Fla. dealers are upfront on pricing

12:01 am U.S. ET | Oct. 27, 2014
TrueCar's new bid to increase "transparency" in vehicle purchases is, in my view, nothing more than a marketing scheme for the misinformed and, frankly, distorts the image of the franchise system that I work in and for.... Read More »

 

Outsiders invest in China's auto retailers

12:01 am U.S. ET | Oct. 27, 2014
Global companies piled into China for the first phase of the country's auto boom, to build cars and make parts locally. Now they are ramping up for the next phase: retailing. Chinese dealerships, desperate for funds to expand operations and keep up with the country's surging demand, are courting foreign investment.... Read More »

 

Asbury raises its acquisition goal

12:01 am U.S. ET | Oct. 27, 2014
Asbury Automotive Group Inc.'s acquisition ambitions keep getting bigger. The nation's seventh-largest dealership group said that it now aims to buy stores that will add $500 million in annual revenue during the next 18 months.... Read More »

 

Rivals see Buffett as just another competitor

12:01 am U.S. ET | Oct. 25, 2014
Warren Buffett's entry into automotive retailing may mean more overall competition for acquisitions, but public dealership groups expect no interruptions to their growth plans.... Read More »

 

BILL LIA: Keep stores modern

12:01 am U.S. ET | Oct. 20, 2014
"People keep asking us for our store designs," says Bill Lia, the 78-year-old CEO of Lia Auto Group in Albany, N.Y., which just finished building its 19th dealership. "We want to keep everything modern and up to date."... Read More »

 

918 Spyder nearly sold out, Porsche says

12:01 am U.S. ET | Oct. 20, 2014
Porsche's limited-run 918 Spyder is nearing sellout status. Production of the plug-in hybrid supercar's 918 promised units will end next July, and planned production is sold out through late March or early April, said Andre Oosthuizen, vice president of marketing for Porsche Cars North America Inc.... Read More »

 

Timeline: Regrowing pains

12:01 am U.S. ET | Oct. 20, 2014
A look back at the events of August, September and October, 2009... Read More »

 

FIVE YEARS LATER

Auto economists eye troubling signs on horizon

12:01 am U.S. ET | Oct. 20, 2014
Business is booming for auto dealers five years after the national economic crisis, so what could go wrong? Plenty, warns a number of auto industry economists.... Read More »

 

FIVE YEARS LATER

GM's loss, Hyundai's gain

12:01 am U.S. ET | Oct. 20, 2014
Stores targeted for closure by one troubled brand were snapped up by a rising brand.... Read More »

 

China's policies are pushing out pickups

12:01 am U.S. ET | Oct. 20, 2014
When Beijing implemented its Road Traffic Law in 2003, it granted city governments the liberty to decide whether to permit pickups to drive in their cities. A loophole in the law allowed traffic regulators in most Chinese cities to simply classify pickups as commercial vehicles and bar them from entering their cities. The practice has stifled pickup sales in China.... Read More »

 

EDITORIAL

A long, painful trip

12:01 am U.S. ET | Oct. 20, 2014
U.S. auto dealers have been on a difficult, painful journey for the past five years. But it has been a positive one -- at least in the aggregate. That qualifier is important.... Read More »

 

EDITORIAL

Factories should take long view using 1st refusal

12:01 am U.S. ET | Oct. 20, 2014
Automakers are replacing dealership buyers in active deals with preferred purchasers more than ever before, say dealers, buy-sell advisers and dealer lawyers.... Read More »

 

MIKE WOOD: How hard are you willing to work?

12:01 am U.S. ET | Oct. 20, 2014
Long hours and hard work in the past few years turned Mike Wood from a dealership manager into a dealer with four stores. The market has been loaded with acquisition opportunities, he says, provided the buyer is willing to put in the sweat and hustle.... Read More »

 

JERRY VITZTHUM: Out, in and then back out again

12:01 am U.S. ET | Oct. 20, 2014
Ask former small-town car dealer Jerry Vitzthum whether the auto industry is better or worse today than it was before the national economic crisis, and he shrugs.... Read More »

 

FIVE-YEAR LOOK BACK

Dealers pursued opportunities from the rubble of '09

12:01 am U.S. ET | Oct. 20, 2014
In the five years that have passed since the economic crash of 2009, the auto retailing sector has emerged from the ashes. The transition has been painful. There are fewer car dealers in 2014. Many have been pressed by automakers to invest in new stores. But what was a bitter industry shakeout for some in 2009 has led to better times in auto retailing in 2014 for others.... Read More »

 

Porsche expects to hit U.S. sales goal early

12:01 am U.S. ET | Oct. 20, 2014
Porsche will meet its goal of selling 50,000 vehicles in the U.S. in 2015 -- three years earlier than originally envisioned, says Andre Oosthuizen, the brand's top U.S. marketing executive. "We would foresee 2015 would definitely be the year to surpass that threshold."... Read More »

 

Dealers

12:01 am U.S. ET | Oct. 20, 2014
Dealers featured this week include Charles Day, dealer principal of Tower Ford in Coos Bay, Ore.; C. Taylor Andrews, Alfred Andrews and Elliott Andrews of Dayton Andrews Inc. (Chrysler-Dodge-Jeep-Ram) in Clearwater, Fla.; and Jeff Schmitt, dealer principal of Jeff Schmitt Nissan in Beavercreek, Ohio.... Read More »

 

Fracking spurs debate, energy boom

12:01 am U.S. ET | Oct. 13, 2014
Hydraulic fracturing is not new. Drilling companies have fractured shale for decades to release and extract trapped hydrocarbons nearby. What has changed, however, is the scale of the energy available due to advances in horizontal drilling.... Read More »

 

Fleet adds little to Sept. sales gain

12:01 am U.S. ET | Oct. 13, 2014
Among the seven largest volume automakers, light-vehicle sales through dealerships rose 11 percent, while fleet was a mere 3 percent higher.... Read More »

 

Days supply rises, but it may be blip

12:01 am U.S. ET | Oct. 13, 2014
U.S. stocks of unsold light vehicles rose following moderating September sales, hitting a 64-day supply on Oct. 1. Is that significant? It depends on the measuring stick, and perhaps a calendar fluke.... Read More »

 

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