Dealer Groups

Edmunds tool speeds price data

12:01 am U.S. ET | Aug. 24, 2015

Edmunds.com has launched a tool that it says will increase the transparency of car-buying....
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Cox working way toward broader role in auto retail

12:01 am U.S. ET | Aug. 24, 2015

Cox Automotive, parent of Autotrader.com, Kelley Blue Book and other well-known brands, wants to cross-pollinate its units' tools. In doing so, Cox, along with other so-called third-party vendors, is seeking to navigate its way to a larger role in auto retailing. But missteps in doing so can easily alienate those vendors' dealer partners, as Cox discovered recently....
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Market slump casts shadow over how U.S. sales will finish August

2:45 pm U.S. ET | Aug. 24, 2015

Slumping stock markets could make it tough for dealerships to hit their August targets for U.S. new-vehicle sales, rattling consumers who might be on the fence about making a big purchase. The broad declines in U.S. equity markets also pushed shares of General Motors and Ford to 52-week lows Monday before rebounding....
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AutoCanada acquires Chevrolet dealership in B.C.

7:30 am U.S. ET | Aug. 24, 2015

AutoCanada, one of Canada's biggest dealership groups, received approval from GM to purchase an 80 percent stake in Don Folk Chevrolet, a dealership in Kelowna, British Columbia....
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Getting behind the gap in public, private dealership profits

12:01 am U.S. ET | Aug. 24, 2015

Publicly traded dealership groups' reported first-half profits were much higher than what private dealerships reported to the National Automobile Dealers Association. Here's why....
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AutoNation bets on FCA, smaller markets

12:01 am U.S. ET | Aug. 23, 2015

AutoNation is on pace for its biggest acquisition year since 1999, and CEO Mike Jackson expects to make at least one more dealership purchase this year. Deals announced last week will give AutoNation more Fiat Chrysler stores and more locations in smaller markets....
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Dealertrack to sell inventory-management business to clear way for Cox merger

9:15 am U.S. ET | Aug. 20, 2015

Dealertrack Technologies has moved to clear a regulatory impediment to its merger with Cox Automotive by agreeing to sell its inventory-management software business to DealerSocket for $55 million in cash....
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Edmunds launches faster way to show buyers if price is right

1:18 pm U.S. ET | Aug. 19, 2015

Edmunds.com has launched a new tool that it says will bring more transparency to the car-buying process. Edmunds Express, launched this week, allows the 13,000 U.S. franchised dealers who use Edmunds' products to tap the third-party site to verify to their customer that the vehicle they're considering is fairly priced....
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AutoNation adds 16 stores, makes biggest purchase since 2001

8:15 am U.S. ET | Aug. 18, 2015

AutoNation, the largest U.S. dealership group, has agreed to buy 16 stores representing more than $600 million in annual revenue, including its biggest single dealership purchase since 2001....
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Henrik Fisker designs exotic convertible for Galpin

6:57 am U.S. ET | Aug. 16, 2015

Luxury designer Henrik Fisker has created a convertible variation of the Ford GT Mustang to be sold by Galpin Auto Sports of Los Angeles....
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TrueCar says it considers U.S. antitrust probe to be closed

2:01 pm U.S. ET | Aug. 12, 2015

U.S. antitrust enforcers have closed an investigation into whether auto dealers ganged up against shopping website TrueCar Inc in 2011 and 2012 in order to raise prices, TrueCar said in a securities filing today....
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CDK Global exploring sale to private equity firms, report says

4:52 pm U.S. ET | Aug. 11, 2015

CDK Global, one of the two dominant providers of dealer management system software used by auto retailers to help run their stores, is meeting with private equity firms to gauge their interest in buying the company, people with knowledge of the matter told Bloomberg....
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NEWS ANALYSIS

Picking up the pieces at TrueCar

12:01 am U.S. ET | Aug. 9, 2015

The comeback Scott Painter sought to engineer at TrueCar after a dealer revolt and near meltdown in 2012 now looks incomplete, and the company faces the burden of reinventing itself yet again....
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TrueCar CEO Scott Painter to step down by year end

4:11 pm U.S. ET | Aug. 6, 2015

Scott Painter, founder of the online car-shopping site TrueCar, is stepping down as CEO of the company this year. TrueCar said a successor is expected to take office by year end. Painter, 46, will remain chairman of the company's board of directors....
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AutoNation U.S. sales rise 9% in July

1:55 pm U.S. ET | Aug. 4, 2015

AutoNation's U.S. new-vehicle retail sales grew by 9 percent from the year earlier to 29,875 in July, making it the company's best July since 2006....
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ADESA’s Q2 income, revenue rise

2:28 pm U.S. ET | Aug. 4, 2015

KAR Auction Services, parent company of ADESA, today said its second-quarter net income rose 17 percent to $59.5 million on revenue that increased 12 percent to $658.3 million....
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LETTER TO THE EDITOR

TrueCar raises dealers' selling costs

12:01 am U.S. ET | Aug. 3, 2015

TrueCar wants to leach money from dealerships by trying to create an unnecessary third-party intermediary in the purchase process. All it does is raise the selling costs of participating dealers....
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JULY U.S. SALES

Sales rise 5.3% on hardy crossover, truck volume

8:30 am U.S. ET | Aug. 3, 2015

U.S. light-vehicles sales -- fueled by healthy truck demand and gains at most major automakers -- rose 5.3 percent in July, helping the industry begin the second half of 2015 on a strong note. Ford Motor Co., Nissan Motor Co., Honda Motor Co., GM, Fiat Chrysler and Hyundai-Kia all had gains between 5 percent and 8 percent while Subaru scored its sixth double-digit advance of the year....
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AutoNation's online pilots edge forward

12:01 am U.S. ET | Aug. 3, 2015

AutoNation Inc. says the rollout of AutoNation Express, its online car-selling platform, is ahead of schedule. But the retailer has slowed two key elements of the platform....
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LETTER TO THE EDITOR

Painter's business model is flawed

12:01 am U.S. ET | Aug. 3, 2015

Scott Painter's model is flawed if he needs to access dealer data to determine who his customer is....
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TrueCar, Sonic settle suit over 'True' usage

12:01 am U.S. ET | Aug. 3, 2015

TrueCar Inc. and Sonic Automotive Inc. have reached a settlement in TrueCar's lawsuit against the dealership group over trademark infringement....
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TrueCar hit with another dealer lawsuit

3:01 pm U.S. ET | July 31, 2015

A group of 100 auto dealerships that are part of TrueCar's network are suing the online car-buying service for not disclosing to consumers the nature of the fees that dealers pay the company for each sale....
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Penske Automotive Q2 earnings rise 29.5%

9:06 am U.S. ET | July 29, 2015

Penske Automotive Group reported second-quarter net income rose 29 percent driven largely by a higher volume of vehicle sales and a solid performance in all business segments....
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CDK sees 25 percent profit growth in 2016

3:37 pm U.S. ET | July 29, 2015

CDK Global CEO Steve Anenen predicted that earnings at the dealership software giant would jump in its 2016 fiscal year. On the strength of cost-cutting and better bundling of software products, CDK Global expects adjusted earnings to rise at least 25 percent in 2016 on revenue growth of 4 to 5 percent, Anenen told analysts during a year-end earnings call today....
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TrueCar, Sonic settle trademark lawsuit

3:00 pm U.S. ET | July 29, 2015

TrueCar and Sonic Automotive reached a settlement in TrueCar's lawsuit against the dealership group over trademark infringement. As part of the deal, Sonic agreed to transfer to TrueCar all rights to and use of its True Price, True View and all other True-related marks. Sonic also will lift a ban on using TrueCar at its dealerships....
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