Penske Automotive Q3 net rises 1.1% to $88.5 millionWed, 26, Oct 2016
Penske Automotive's third-quarter net income rose 1.1 percent as gains in gross profit margins in the U.S. for new and used vehicles were offset by foreign exchange-related losses and lower global profit margins for vehicle sales.
Asbury plans to sell 4 stores in ArkansasTue, 25, Oct 2016
Asbury is getting out of Arkansas, a market which has underperformed for the company. The retailer is working on a deal to buy dealerships elsewhere that would be more profitable.
Asbury Q3 net drops 37 percent on lower salesTue, 25, Oct 2016
Asbury Automotive Group's third-quarter net income fell 37 percent to $32.4 million in part because of lower new- and used-vehicle sales, the company said today.
CarMax's certification checklist fails Calif. law, court rulesFri, 21, Oct 2016
A federal appeals court in California ruled that CarMax's component inspection checklist violates a state statue that requires dealers to provide consumers a “completed inspection report” prior to the sale of any certified used vehicle.
Racking up the milesMon, 24, Oct 2016
Americans are driving more, which eventually should lead to more car and truck sales.
Lithia, Group 1 return to the buy-sell arenaMon, 24, Oct 2016
Lithia Motors and Group 1 Automotive are back on the prowl for dealerships.
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.