TrueCar losses stabilize as dealer count reboundsThu, 05, May 2016
Car-shopping website TrueCar posted a first-quarter loss of $11.7 million, up slightly from $11.6 million, as the company expanded its roster of dealers and had a hand in more transactions.
Off-lease cars, repos buoy ADESA Q1 revenue, profitsWed, 04, May 2016
The parent company of ADESA reported double-digit increases in net income and revenue in its fiscal first quarter, which ended March 31, largely due to a strong performance by the auction giant. Auction revenue benefited from an increase in the number of off-lease and repossessed vehicles.
Why Lithia plans to ratchet up tech hiresMon, 02, May 2016
Lithia Motors expects its service and parts business -- both warranty and customer-pay -- to rise due to the back-up of recalled vehicles and the increased number of cars on the road.
Braman technician training becomes a community serviceMon, 02, May 2016
Dealer Norman Braman gives back to the Miami community by giving its young adults all-expenses-paid training to become service technicians.
AutoNation, TrueCar kiss and make upMon, 02, May 2016
Here's how TrueCar successfully wooed AutoNation to resume using it as a third-party lead provider, reversing their bitter July 2015 split.
Fixing the U.S. recall loophole is a job for 'someone else'Mon, 02, May 2016
Last year, AutoNation staked out a bold and admirable position on recalls, pledging to go beyond federal law and not sell new or used vehicles with pending recalls. Turns out, AutoNation couldn't live up to its promise.
Publics hop on buyback bandwagonMon, 02, May 2016
Several publicly traded dealership groups have reported strong, sometimes record, first-quarter earnings per share. Their net income didn't soar. Rather, they've been buying back their shares like crazy.
AutoNation resumes ties with TrueCar after 2015 splitFri, 29, Apr 2016
AutoNation will begin using TrueCar again at 55 of its dealerships starting Saturday in what the retailer is describing as a test. The resumption of ties will reverse AutoNation's acrimonious breakup with TrueCar last July.
Stop-sale backlog hits public groups' earningsMon, 02, May 2016
Several publicly traded dealership groups noted that cars and truck languishing for months on their lots under stop-sale orders due to recalls hurt their first-quarter earnings. The problem could linger into 2017.
Auto dealers in China, ubiquitous as KFCs, face shakeoutMon, 25, Apr 2016
China has set six straight annual records for the most new vehicles bought by any country in the 150-year history of the automobile. And yet, a troubling trend has emerged among the dealers moving all that metal -- most are just spinning their wheels.
Group 1 CEO says automakers need to cut productionWed, 27, Apr 2016
The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.
Asbury Q1 net down 14%; will open used-car stores despite slow salesTue, 26, Apr 2016
Asbury Automotive's first-quarter net income dropped 14 percent to $31 million, pressured by softer new- and used-vehicle sales, even as revenue edged up 0.6 percent to $1.55 billion, the company said today.