Automotive News Retail News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Thu, 24 Apr 2014 06:00:00 EST Group 1 Q1 profit rises 7%, revenue up 15% http://www.autonews.com/article/20140424/RETAIL07/140429934/group-1-q1-profit-rises-7-revenue-up-15 Thu, 24 Apr 2014 10:21:42 EST Group 1 Automotive Inc. reported first-quarter net income of $31.3 million, a 7 percent improvement over the same quarter a year ago. The retailer's revenue rose 15 percent to $2.3 billion. Lithia reports record Q1 profit, 19% revenue increase http://www.autonews.com/article/20140424/RETAIL07/140429937/lithia-reports-record-q1-profit-19-revenue-increase Thu, 24 Apr 2014 08:38:44 EST Lithia Motors reported record first-quarter income on increased customer-pay service work and an increase in vehicle sales. Hyundai Q1 profit hit by slow U.S. sales http://www.autonews.comhttp://europe.autonews.com/article/20140424/ANE/140429945/hyundai-q1-profit-hit-by-slow-u-s-sales Thu, 24 Apr 2014 05:00:05 EST Hyundai posted a first-quarter net profit that was almost identical to a year earlier, as increased sales in China and Korea helped offset weak U.S. demand. Hyundai Q1 profit hit by slow U.S. sales http://www.autonews.com/article/20140424/COPY01/304259997/hyundai-q1-profit-hit-by-slow-u-s-sales Thu, 24 Apr 2014 05:00:05 EST Hyundai posted first-quarter net profit that was almost identical to a year earlier, as increased sales in China and Korea helped offset weak U.S. demand. Opel CEO targets No. 2 sales position in Europe in comeback drive http://www.autonews.com/article/20140423/RETAIL01/304239941/opel-ceo-targets-no-2-sales-position-in-europe-in-comeback-drive Wed, 23 Apr 2014 06:19:20 EST GM's Opel brand is targeting second place in deliveries in Europe in the coming years as new models attract buyers. Opel currently is the third-largest brand in the region, behind VW and Ford, according to data from the ACEA trade group. CPO sales rise 11% in 1st quarter http://www.autonews.com/article/20140423/RETAIL01/140429951/cpo-sales-rise-11-in-1st-quarter Wed, 23 Apr 2014 14:46:43 EST Industrywide sales of certified used vehicles rose 11 percent in the first quarter from the year-earlier level, with many companies registering double-digit increases. Asbury 1st-quarter sales, continuing-operations profit rise http://www.autonews.com/article/20140423/RETAIL07/140429949/asbury-1st-quarter-sales-continuing-operations-profit-rise Wed, 23 Apr 2014 15:00:40 EST Asbury Automotive Group reported a 3 percent profit slide for the first quarter of 2014, but improvements in all parts of the business drove profits from continuing operations up sharply. AutoNation swipes at third-party car sites as it builds digital footprint http://www.autonews.com/article/20140423/RETAIL07/140429948/autonation-swipes-at-third-party-car-sites-as-it-builds-digital Wed, 23 Apr 2014 15:26:22 EST AutoNation wants to reduce its dependency on online lead generators and third-party shopping sites. Asbury to open 2 used-vehicle stores; COO to retire http://www.autonews.com/article/20140423/RETAIL07/140429964/asbury-to-open-2-used-vehicle-stores-coo-to-retire Wed, 23 Apr 2014 07:35:34 EST Asbury Automotive said today it will open two stand-alone used-vehicle stores later this year. The company plans to open the two used-vehicle stores in Florida under the 'Q auto' brand name. AutoNation envisions quick, easy buying at digital store http://www.autonews.com/article/20140423/FINANCE_AND_INSURANCE/304249997/autonation-envisions-quick-easy-buying-at-digital-store Wed, 23 Apr 2014 00:01:00 EST When AutoNation fully rolls out its so-called digital storefront, the following scenario may not be all that far-fetched.