TrueCar to help Avis Budget sell used carsMon, 29, Aug 2016
A partnership between Avis Budget and TrueCar is helping the rental-car company sell more retired rental cars directly to consumers for more money than it can get from selling the vehicles at traditional auto auctions.
Lack of managers ready to run stores stalls some buy-sellsMon, 29, Aug 2016
Buyers looking to acquire dealerships are facing a personnel bottleneck in the form of a shortage of qualified and available individuals to run the acquired stores. To cope, some would-be buyers are stepping up efforts to groom future managers.
Where's that used-vehicle price plunge?Mon, 22, Aug 2016
After used-vehicle prices went up steadily over the last few years, forecasters agreed that those prices would fall in 2016. But that hasn't happened -- yet. Here's why.
Dealership group nailed again on ad chargesMon, 22, Aug 2016
In 2014, Southwest Kia, which operates three dealerships in the Dallas area, signed a consent order with the Federal Trade Commission, promising to halt what the agency said was deceptive advertising. Within months, the dealership group was back at it, the FTC says.
Margins, costs threaten luxury-store valuesMon, 22, Aug 2016
Dealership acquisitions were down in the first half of 2016, though multistore deals were up. Buy-sell advisers expect more pressure on luxury-brand store values as manufacturers seek expensive facility upgrades and as margins and volume continue to be under pressure.
The public dealerships are buying -- and sellingMon, 22, Aug 2016
In the first half of 2016, the public dealership groups sold nearly as many dealerships as they acquired, according to "The Blue Sky Report," a quarterly publication by dealership buy-sell adviser Erin Kerrigan.
Asbury expands online sales experimentMon, 15, Aug 2016
Asbury Automotive Group Inc. is trying a low-cost approach to selling vehicles online.
Auction chief: Used-car prices start to softenMon, 15, Aug 2016
After showing strength in the first half of the year, used-vehicle prices are beginning to soften.
Aggressive Cox Automotive now rivals huge dealer-services firmsMon, 08, Aug 2016
Seemingly overnight, Cox Automotive has burst on the scene as a broad dealer-services provider that touches three out of four vehicle transactions in some way.
Geitner replaces Rowe as head of Cox's Media Solutions GroupWed, 10, Aug 2016
Cox Automotive named Brian Geitner to replace Jared Rowe as president of its Media Solutions Group, where Geitner will lead Autotrader, Kelley Blue Book and Dealer.com.
What next for OEConnection?Mon, 15, Aug 2016
General Motors and Ford, which have sold a controlling interest in the online parts marketplace to a private equity firm, hope that Providence Equity Partners will strengthen OEConnection the way it did AutoTrader.
Public groups show discipline in 2nd quarterMon, 08, Aug 2016
The six publicly traded dealership groups deserve a salute for a much better second quarter than the headline numbers indicate.