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BMW, Mercedes to test subscription services in U.S.

Rivals Mercedes-Benz and BMW plan to launch vehicle subscription pilots in the U.S. this year, joining a growing list of luxury brands in offering consumers a vehicle to drive for a monthly fee that includes insurance, maintenance and pickup and delivery.

Fortune smiles on Huntsville Toyota dealer

Alabama won the site search for a 4,000-employee Toyota-Mazda auto plant, and Bill Penney Toyota in Huntsville won the lottery.

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Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.

Copart buys land, gets tires

Copart plans a 36-acre expansion of its San Antonio, Texas, salvage auction. But first it has to clear the site of an estimated 1 million discarded tires.

Just call him rate-hike Mike?

AutoNation's Mike Jackson will help to set U.S. interest rates as chair of the Atlanta Fed's board, a term that began Jan. 1.

Dealer anniversaries

Dealers featured this week include the Greater Cleveland Automobile Dealers' Association and David Gallinger, president of Gallinger Ford-Lincoln in Milton, Ontario.

Mitsubishi eager to prove its potential

The Japanese brand, now forging ahead as part of the Renault-Nissan-Mitsubishi Alliance, is ready to turn the page on a rough stretch with the help of the Outlander PHEV and Eclipse Cross.

'17 sales soften, but confidence still strong

Auto executives and experts are confident that the industry's good times will continue this year despite a 1.8 percent decline in U.S. new light-vehicle sales in 2017 that ended a seven-year growth streak.

UPDATED: 1/9/18 9:58 am ET -- corrected
Dealer's new business: Suicide prevention

After depression led to his brother's suicide, dealer Jeff Elhart set up a program in his stores to combat the disease. His program is now taught at local schools.

Dealer anniversaries

Dealers featured this week include Marvin Cooper, president of Cooper Motors Inc., a Chrysler-Dodge-Jeep-Ram dealership in Allison, Iowa; Robbie Franklin, owner of Franklin Chevrolet-Buick-GMC in Statesboro, Ga.; and David Utecht, general manager of Torrington Toyota in Connecticut.

UPDATED: 1/3/18 7:12 pm ET - adds U.S. market share data
GM: December, annual sales slide on cars

GM's U.S. sales last year fell 1.3 percent to 3 million vehicles, including a 3.3 percent decline to 308,539 units in December.