Auto industry has historic opportunity, AutoNation CEO says
The auto industry can slash pollution and fatalities through production of electric and autonomous vehicles, said AutoNation CEO Mike Jackson.
AutoNation expects to reap millions in tax-change benefits
AutoNation expects to save as much as $100 million in 2018 because of the tax overhaul. It will use much of its savings to invest in employee training and benefits.
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.
'Jury is still out' on impact of tax law, NADA's Welch says
NADA President Peter Welch says the law resolved many concerns dealers had during legislative negotiations, specifically about the deductibility of floorplanning interest, but he says the law's complexity still leaves key questions about the economic impact.
China's GAC sets U.S. launch for '19, will recruit dealers at NADA convention
After years of teases and promises, China's Guangzhou Automotive Group announced firm plans to enter the United States market. It plans to recruit dealers at the upcoming NADA convention.
Cheap leases take toll on used market
It's easy to see why wholesale prices for used midsize sedans are declining: aggressively priced, subvented leases adopted two and three years ago to clear out the cars as consumer preferences shifted to crossovers and SUVs have begun to ripple through the used-car market.
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.
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.
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.
Group 1 to give $500 bonuses out of savings from tax cut
Group 1 Automotive will give $500 bonuses to its non-management dealership employees out of money it will save from the newly enacted tax overhaul law.
Michigan dealer auctions off rights to 2018 Dodge Challenger Demon
A Michigan dealer group auctioned off the rights to purchase a 2018 Dodge Challenger SRT Demon, raising a total of $14,700 for local charities.
N.J. dealer paying workers bonus out of tax savings
New Jersey dealer Steve Kalafer is paying $350,000 in employee bonuses and speeding up facility upgrades in the wake of tax-law changes.
NADA names Stanton as its new COO
The National Automobile Dealers Association has named J.D. Power's Mike Stanton as its new COO.
AutoNation's Jackson named chair of Atlanta Fed
AutoNation CEO Mike Jackson has been named chair of the Federal Reserve Bank of Atlanta's board for a one-year term beginning Jan. 1.
Hyundai plans over-the-air updates for vehicles as soon as late 2019
Hyundai's partnership with Cisco has yielded an in-car connectivity system that will enable the carmaker to increase the speed and amount of video, sensor and telematics data flowing into and around the vehicle.