CarMax's certification check list fails Calif. law, court rulesFri, 21, Oct 2016
A federal appeals court in California ruled that CarMax's component inspection checklist violates a California statue that requires dealers to provide consumers a “completed inspection report” prior to the sale of any certified used vehicle.
Group 1's Q3 net falls 22% on soft energy, UK marketsThu, 20, Oct 2016
Group 1 Automotive's net income fell 22 percent in the third quarter to $35.4 million, hurt by sales weakness in energy-dependent markets and soft sales in the U.K. following the Brexit vote to leave the European Union.
Lithia’s Q3 net rises 25 percent on broad revenue gainsThu, 20, Oct 2016
Lithia’s third-quarter net income rose 25 percent from a year earlier to $54 million, as revenue rose 8.9 percent to a third-quarter record $2.27 billion, the company said today.
DealersMon, 17, Oct 2016
A look at dealer anniversaries around the country, including anniversaries with Ford, Mercedes, Volkswagen and Volvo.
Report: Low desire for online buyingMon, 10, Oct 2016
A new report shows dealers may be overestimating how strong consumer demand for completing vehicle purchases fully online really is.
Ford idles Mustang factory for a week after sales plunge 32%Tue, 11, Oct 2016
Ford is idling its Mustang factory in Michigan for a week after the iconic sports car suffered a 32 percent sales decline in the U.S. last month and was outsold by the Chevrolet Camaro for the first time in almost two years.
Dealerships clean up, reopen after Hurricane MatthewMon, 10, Oct 2016
Many auto dealerships in areas of Florida, Georgia and the Carolinas hammered by Hurricane Matthew over the weekend remained without power and were in the cleanup stage today, while other dealerships in the region were open and waiting for customers.
Hurricane Matthew spares dealers in southeastern Florida, threatens Ga., S.C.Fri, 07, Oct 2016
Florida Automobile Dealers Association President Ted Smith said his dealerships in the southeastern part of the state were spared from Hurricane Matthew, but now the threat has turned north to Jacksonville, Fla., Georgia and South Carolina.
Automakers help fund dealerships' big marketing ideasMon, 10, Oct 2016
Dealers are on the front lines of the daily sales race, often sponsoring events in the community and running TV and digital ad campaigns. But often, in the background, manufacturers are providing the funding.
In Europe, Penske takes the top spotMon, 10, Oct 2016
Penske Automotive Group is the No. 2 dealership group in the U.S. Now it also is No. 1 in Europe, under a different metric.
Dealerships in Southeast brace for Hurricane MatthewThu, 06, Oct 2016
Dealerships in Florida and Georgia have shuttered windows, closed their doors and sent employees home as Hurricane Matthew closes in on the region with winds of 120 mph.
NADA warns lawmakers: Avoid policy that pumps up pricesWed, 05, Oct 2016
The chairman of the National Automobile Dealers Association cautioned policymakers Wednesday: Do not implement policies that make buying, financing, trading in and servicing vehicles more expensive for consumers.