Asbury CEO Monaghan will retire; COO Hult moves upAug. 22
Asbury Automotive CEO Craig Monaghan will step down Jan. 1 after nine years leading the public dealership group. COO David Hult will replace him.
Michigan's Fox Motors acquires Ann Arbor AutomotiveAug. 18
Michigan's Fox Motors Group acquired Ann Arbor Automotive Inc. of Ann Arbor, Mich., and its Acura, Hyundai and Nissan dealerships.
Manheim bolsters its vehicle-valuation toolAug. 17
The Manheim Market Report has been bolstered to deliver more detailed valuations of used vehicles and thus streamline the remarketing process.
First Shift: Activist investor Einhorn pares GM stakeAug. 15
Activist investor Einhorn pares GM stake; Cox layoffs; Germany's Merkel open to internal-combustion vehicle ban; Carvana loss grows; Ditlow successor named; Acura's hopes for RLX.
Cox laying off 950; 225 more will retireAug. 14
Cox Automotive, which has made a flurry of acquisitions in recent years, is reducing its workforce by roughly 3 percent, according to an internal memo obtained by Automotive News.
AutoCanada posts Q2 profit gains, plans expansionAug. 11
AutoCanada, one of Canada's largest dealership groups, says its expansion goals for the next five years include a better balance of brands and a stronger coast-to-coast presence.
Lithia adds 5 stores, looks to buy moreAug. 14
On the heels of one of its biggest deals yet, Lithia Motors plans to keep up its aggressive acquisition pace.
Lithia positioned to make majority investments in minority dealersAug. 14
Lithia Motors is looking to buy a majority stake in dealerships run by minority dealers who need an investor's backing.
IAA, ADESA power KAR's Q2 resultsAug. 9
KAR Auction Services' second-quarter net profile fell 7.4 percent on a debt-restructuring charge, even as revenue grew.
EchoPark marketing strategy: Get them while they're youngSept. 19, 2016
As Sonic Automotive expands its used-vehicle-only EchoPark stores across the U.S., its grass-roots marketing targets future customers when they're young. Driver's education programs and sponsoring high school sports are among the ways it aims to get its brand in front of teens and their parents.
Uncertainty grips rental-car agenciesJuly 31
The immediate challenge is a declining new-vehicle market. Long term, the companies face disruptions to their business model from sharing services and autonomous technology.
Penske bullish on used-car venturesAug. 7
When Penske Automotive agreed to buy CarSense in the U.S. and CarShop in the U.K., Chairman Roger Penske said he was "cautiously optimistic" about the used-car ventures. He has since dropped the "cautiously."