Dealers

AutoNation's 8% sales gain beats market for Feb.

11:14 am U.S. ET | March 4, 2015
AutoNation said its new-vehicle retail sales jumped 8 percent in February compared to a year earlier, reaching 23,780 new units....
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Jeep ramps up dealers in China as production commences

2:14 pm U.S. ET | March 4, 2015
Jeep will increase its dealerships in China by about a third this year and will start local production of its Cherokee SUV in November followed by the smaller Renegade model in 2016, CEO Mike Manley said....
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Toyota to end production of Venza

4:51 pm U.S. ET | March 2, 2015
Toyota is pulling the plug on the Venza crossover, a vehicle the automaker once touted as engineered in America for American buyers....
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Mr. K a force for the Z and Nissan

12:01 am U.S. ET | March 2, 2015
Yutaka Katayama, Nissan's first U.S. president, who grabbed American consumer awareness by introducing the affordable Datsun Z sports car in the early 1970s, died last month at 105....
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Buffett says Berkshire's job is to perform, grow in auto retail

11:16 am U.S. ET | March 2, 2015
With Berkshire Hathaway's purchase of the Van Tuyl Automotive dealership group materially complete, Warren Buffett already is looking toward how to expand his company’s dealership holdings....
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FCA recalls 2,211 Hellcats after fuel leak discovered

10:29 am U.S. ET | March 2, 2015
Fiat Chrysler is recalling its brand-new, top-end 2015 Dodge Charger and Challenger SRT Hellcats after a dealer discovered a fuel leak on a car being delivered from the factory. The recall affects 2,211 vehicles....
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BEST PRACTICES

Eat at the food court, buy a car

12:01 am U.S. ET | March 2, 2015
Aloha Auto Group sells about 3,500 new and used vehicles a year from its seven Kia dealerships, across the islands of Oahu, Maui, the Big Island and Kauai. His mall location sells about 200, mostly new, vehicles a year. It is profitable despite having no service department....
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Report: Prices of used cars to tumble as supply rises

12:01 am U.S. ET | March 2, 2015
Prices of used cars and light trucks up to 5 years old will drop 3 to 4.5 percent this year, fueled by a rising supply of the vehicles and an increase in off-lease volume....
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High-rise parts bins ease space crunch

12:01 am U.S. ET | March 2, 2015
Electronic parts storage machines that allow small parts to be stacked vertically and retrieved automatically at the touch of a button or scan of a bar code are gaining acceptance at some dealerships, where square footage is at a premium....
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Service outsources small stuff

12:01 am U.S. ET | March 2, 2015
As dealers everywhere press their service departments to improve customer-satisfaction results, some Florida stores are outsourcing their more troublesome tasks, such as detailing, porter work and lot maintenance....
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Dealers

12:01 am U.S. ET | March 2, 2015
Dealers featured this week include Michelle Primm, managing partner of Cascade Auto Group in Cuyahoga Falls, Ohio; Rocky Franich, dealer at Marty Franich Ford-Lincoln in Watsonville, Calif.; Fred DeStefano, dealer principal at Infiniti of Massapequa in Massapequa, N.Y.; and Mark Winkler, general manager of Champion Ford Edinboro in Edinboro, Pa....
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Dodge dealers called out for 'unscrupulous' Hellcat sales practices by FCA exec

9:32 pm U.S. ET | Feb. 27, 2015
Fiat Chrysler has taken the unusual step of warning some of its most enthusiastic customers -- about some of its dealers. At issue is outsized consumer demand for the 2015 Dodge Charger and Challenger SRT Hellcats and dealer practices that the company says are “unscrupulous” and perhaps illegal....
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Snowbound New England dealers miss strong Feb. sales

1:15 pm U.S. ET | Feb. 27, 2015
As Massachusetts recovers from 100 inches of snow in recent weeks, many dealers there are reporting weaker-than-expected February sales, operational losses and lack of space because of massive snow piles. And New England missed out on an otherwise robust month for US auto sales....
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Group 1 names banker Doyle Arnold to its board

12:51 pm U.S. ET | Feb. 27, 2015
Group 1 Automotive has named a new director to its board seven days after another director resigned. The retailer said today its board of directors appointed Doyle Arnold, 66, as a Class I Director, effective immediately....
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U.S. auto sales roar toward strongest February since 2002

2:00 pm U.S. ET | Feb. 25, 2015
U.S. auto sales are on pace for the best February since 2002, forecasters say, even as relentless snow slowed demand in the Northeast. February is expected to mark the 12th consecutive month of year-over-year gains for the industry. Analysts said sales have been minimally affected by rising gasoline prices and a work stoppage at West Coast ports that could reduce March inventories of some vehicles imported from Asia....
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Lithia Q4 net income jumps 50% as it makes acquisitions top priority

9:38 am U.S. ET | Feb. 25, 2015
Strong sales across all divisions and the integration of its purchase last year of DCH Auto Group pushed Lithia Motors' net income up 50 percent during the fourth quarter....
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Group 1 director resigns citing Buffett-Van Tuyl deal

5:27 pm U.S. ET | Feb. 24, 2015
Group 1 Automotive board member Beryl Raff has resigned, citing a potential conflict of interest related to her employer, Berkshire Hathaway, and its pending purchase of the Van Tuyl dealership group. Raff gave up her seat on Feb. 20, Group 1 said in an SEC filing....
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Sonic reports progress toward 45-minute transaction goal

9:01 am U.S. ET | Feb. 24, 2015
Sonic Automotive said today its new One Sonic-One Experience program to speed up transactions is making progress toward hitting its goal of cutting closing times to 45 minutes on average....
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Dealertrack reports revenue gains for Q4, all of 2014

12:02 pm U.S. ET | Feb. 24, 2015
Dealertrack Technologies, which supplies a wide variety of auto dealership retail software and services, said it posted revenue gains across the board during the fourth quarter of 2014 -- including organic growth of more than 20 percent....
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ADESA bows out of multiple platform auction sales

7:52 pm U.S. ET | Feb. 23, 2015
After investing nearly two years and “several million dollars” to help create online auction selling across multiple platforms, ADESA is bowing out, said Peter Kelly, president of ADESA's corporate sibling in charge of digital services....
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Dilawri Group expands rapidly in Canada

12:01 am U.S. ET | Feb. 23, 2015
Privately held Dilawri Group of Cos., Canada's largest dealership group by store count, is in rapid expansion mode. Dilawri, of Toronto, expanded into Quebec in January and since then opened a second dealership in the province with a third, in Montreal, slated to open by the end of the first quarter....
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TrueCar's new pitch: Factory coupons for shoppers

12:01 am U.S. ET | Feb. 23, 2015
TrueCar Inc. spent the past two years rebuilding relations with dealers. Now the vehicle-shopping site is turning its attention to automakers to boost sales. TrueCar is forming a council of manufacturer executives, similar to its dealer council, to advance its Live Prospect product, TrueCar President John Krafcik said....
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Tesla: The one company that can get Kochs, Sierra Club to see eye to eye

12:01 am U.S. ET | Feb. 23, 2015
The Koch brothers' businesses market fossil fuels and turn forests into toilet paper. The Sierra Club, well, doesn't do those things. But on this much they agree: Tesla should be able to sell its electric cars directly to consumers....
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JAMES B. TREECE

Car stores could be just like Apple stores, right?

12:01 am U.S. ET | Feb. 23, 2015
"How's it going?" I asked my friend Gene-Erik Marketer. I hadn't seen him since the NADA convention. "Great!" he replied. "I really got our dealers fired up at our make meeting with my pitch to make our dealerships more like Apple stores!" I had to ask: "What does that mean?"...
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Porsche dealers eager to upgrade

12:01 am U.S. ET | Feb. 23, 2015
About 150 of the 189 U.S. Porsche dealerships are renovating or expanding as the brand's sales have soared. Porsche Cars North America wants additional showroom and service space from dealers to accommodate the growing number of nameplates in its lineup and the additional vehicles on the road....
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