Automakers manage to keep stocks under control
VW diesel settlement extends to auto lendingUPDATED: 1/13/17 1:02 pm ET - adds VW statement
Volkswagen's settlement in connection with its diesel emissions scandal has spilled over into the vehicle-financing business. VW has agreed to pay $50 million in civil penalties to settle alleged violations of the law, after the Justice Department essentially charged it with tapping U.S. markets to finance fraud.
Bain closes on purchase of MSX International
Cadillac's Project Pinnacle has initial $800 million price tag
Cadillac's effort to transform its retailer network, known as Project Pinnacle, will cost $800 million in its first three years, the brand's chief says. Pinnacle, which starts April 1, overhauls how dealerships earn payments from Cadillac for meeting brand standards.
BEST PRACTICES: Lexus dealership cultivates wrap artists
JM Lexus began its own wrapping business, JM Custom Creations, with a Lexus LS wrapped in a chrome-like design. Now it takes personal requests from car buyers and commercial orders from outside companies.
Penske to buy U.K. used-only dealership group CarShop
Cadillac offers 'vehicle subscription' service for $1,500 a month in NYC
Cadillac will launch a new “vehicle subscription” service next month that allows customers access to its vehicles for a flat monthly rate, no financing or leasing required. The Book by Cadillac service will launch Feb. 1 for drivers in the New York metropolitan area.
AutoNation to hire nationwide next Tuesday
Edmunds ramps up mobile strategy, redesigns site
Edmunds, kicking off the new year with a mobile-first strategy, has unveiled a new logo and launched a redesigned website. It also dropped the “.com” from Edmunds to signify that the company “has grown beyond a pure website.”
Good product helps, but great people make the difference
The numbers that made 2016 stand out
Wrongful death suit against Pa. Hyundai store is reinstated
BEST PRACTICES: Dealership's multilingual staff caters to hearing-impaired
Michigan dealer John Fox has identified employees who can converse in more than a dozen languages, including American Sign Language, to translate vehicle and other purchases for consumers who speak little or no English or are hearing impaired.
RouteOne acquires MaximTrak in bid to boost digital retail business
RouteOne has acquired F&I sales tool provider MaximTrak, effective as of now, RouteOne Holdings said Tuesday. Together, their goal is to position RouteOne for the future of digital retail by enabling customers to finance their vehicles and buy F&I products from wherever they're comfortable: in the finance office, on the showroom floor or online.
Where will Her Majesty get her oil change?
Jaguar's carefully polished heritage took a bash last week when the historic London dealership that serviced the queen's own cars announced it was closing shop, citing the onerous demands to stay within Jaguar Land Rover's franchise network.
Gee Automotive buys 16 Ron Tonkin DealershipsUPDATED: 12/14/16 1:58 pm ET - corrected and details added
Beepi merges with mobile car-buying platform co-founded by Scott Painter
Tesla cleared to open store in Virginia capitalUPDATED: 12/1/16 9:21 am ET - adds reaction
In a decision released Wednesday, the commissioner of Virginia's Department of Motor Vehicles reversed a September ruling denying Tesla a dealership license to operate a store in Richmond. It's a victory for Tesla in its ongoing battle with states over dealership franchise laws.
JK Wrangler’s final act: Special editions
Jeep is stretching out consumer interest in the outgoing JK Wrangler by offering a number of special limited-edition packages over the next year while consumers await the arrival of the redesigned JL Wrangler in the second half of 2017.
Sales staff slips into something more comfortable
By blending a casual-attire work environment with a collection of high-end art on the walls, World Subaru in Tinton Falls, N.J., has outperformed other regional dealerships and achieved high customer-satisfaction ratings.