Genesis snub leaves some Hyundai dealers reeling

While elite-level Hyundai dealers in key markets have the chance to bid for Genesis franchises, other pockets of the dealer body are bitter over the tumultuous rollout of the luxury brand's retail network.


Toyota recalls 21,700 Camry, Lexus models on fire risk

Toyota Motor North America is recalling 21,700 vehicles in the United States after discovering two defects that could lead to fires.

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MORE DEALER NEWS ACCESS F&I BEST PRACTICES FIXED OPS
Dealer anniversaries

Dealers featured this week include Sheehy Auto Stores, Frank Holtham, dealer principal of Toyota of Hackensack, N.J.; Annette Racine, founder, and Michael Racine, president, of Willie Racine's Jeep in South Burlington, Vt.; and Kenneth Schnitzer, chairman of Park Place Dealerships in Texas.

UPDATED: 2/8/18 4:18 pm ET - adds stock close
Group 1 Q4 net rises on tax break

Group 1's fourth-quarter net nearly quadrupled on a one-time gain from U.S. tax changes and increasing gross profits in all of the dealership group's regions.

GPB Capital in legal fight over car dealerships

Private equity firm GPB Capital is in the middle of a legal dispute with a former business partner who allegedly reneged on the sale to GPB of a group of auto dealerships valued at about $40 million.

UPDATED: 2/6/18 4:29 pm ET - adds stock close
Asbury Q4 net falls on waning special gains

Asbury Automotive's fourth-quarter net fell, as one-time gains for the dealership group were far short of the year-earlier's extraordinary gains.

BMW ups dealers' loaner subsidy

BMW's new U.S. boss kicked off the year by increasing a subsidy payment to dealers and making strides on an effort to simplify the automaker's incentive policies.

Tax advice for dealers: Be patient

Dealers are winners under the new tax code. But they should be aware of new limitations and hold off on changing their business structures, experts say.

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