AutoNation expands TrueCar pilot, in latest sign of reconciliationFri, 29, Jul 2016
After getting good results in an initial pilot program, AutoNation will expand its use of TrueCar to at least 23 more dealerships. After a bitter break in 2015, the third-party lead provider could be back in place at all AutoNation stores by the end of the year.
AutoNation Q2 profit slips 2.7% on lower unit salesFri, 29, Jul 2016
AutoNation's net income dropped 2.7 percent to $112 million in the second quarter as it sold fewer vehicles and saw same-store gross profits from three of its four business operations fall.
Group 1's Q2 profits flat, hit by storm expensesThu, 28, Jul 2016
Group 1 Automotive's net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S. declined, but profits per unit retailed rose.
Lithia's Q2 net rises 0.4% on used, service and parts gainsThu, 28, Jul 2016
Lithia Motors' second-quarter profit and revenue increased, mostly as a result of gains in volume of used-vehicle sales and service and parts business.
Sonic Automotive's Q2 net income surges 54%Tue, 26, Jul 2016
Sonic Automotive's adjusted net income surged 54 percent in the second quarter to $22.8 million, largely on cost controls, as revenue and new-vehicle unit sales fell.
Penske Automotive's Q2 net slips 0.7% on currency, interest costs.Thu, 28, Jul 2016
Penske Automotive's net income in the second quarter eased 0.7 percent from the year-earlier quarter to $95.0 million, on currency losses and higher floorplan and other interest costs.
NextGear Capital will finance vehicle purchases at CarMax auctionsWed, 27, Jul 2016
NextGear Capital will finance dealers' purchases of used vehicles at CarMax's 68 auction locations starting Aug. 8.
Asbury Q2 net income falls 11%Tue, 26, Jul 2016
Asbury Automotive Group's net income in the second quarter dropped 11 percent to $36.7 million, the company said today as both new- and used-vehicle sales dropped. Revenue dipped 4 percent to $1.627 billion. Asbury said the drop was due mainly to “strategic divestitures” of select dealerships in the second half of 2015.
Vehicle-shopping app swipes a dating ideaMon, 25, Jul 2016
A new app allows shoppers to swipe through images of new and used vehicles gathered from more than 29,000 dealership sites across the U.S.
'Don't lose the deal': How Cox bought DealertrackMon, 25, Jul 2016
In a wide-ranging interview, Cox Automotive President Sandy Schwartz offered this peak at Cox Enterprises' $4.5 billion purchase of Dealertrack in 2015.
Cox shifts into 'integration mode' after shopping spreeMon, 25, Jul 2016
Cox Automotive will be in “integration mode for a couple of years,” after a string of acquisitions and company launches this decade, President Sandy Schwartz said.
Vehicle advancements can trigger more calls for roadside help, AAA saysThu, 21, Jul 2016
Technological and design advancements in vehicles haven’t reduced the need for drivers to seek roadside assistance and there is new evidence that they actually may be contributing to more calls for help.