Penske, Group 1 assess the damageMon, 27, Jun 2016
Penske Automotive and Group 1 Automotive took an immediate stock-price hit in the wake of Britain's vote to exit the European Union. Earnings will suffer from a collapsing British pound. But the longer-term impact remains unclear.
Penske Automotive, Group 1 shares plunge after Brexit voteFri, 24, Jun 2016
Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union.
CarMax adds auction sites, eases registrationMon, 27, Jun 2016
CarMax is adding auctions and making it easier for wholesale customers to register to buy cars and trucks at the company's 67 physical auction sites.
More and more, CEO pay is linked to stockMon, 20, Jun 2016
Outgoing Cooper Tire & Rubber Co. CEO Roy Armes topped the list of the 42 highest paid CEOs at publicly traded U.S.-based automotive companies in 2015.
CarMax quarterly earnings slide 3.6% despite revenue gainTue, 21, Jun 2016
CarMax's latest quarterly earnings slid 3.6 percent, dragged down by expenses related to store openings, share-based compensation and hail damage to vehicles at the company's stores in Texas.
Florida dealerships grapple with Orlando nightclub shootingsTue, 14, Jun 2016
Florida's auto dealership community is responding in a variety of ways to the tragic Orlando nightclub shootings on Sunday. One nearby dealership co-owner, still in shock, can barely talk about it.
As EchoPark expands, format becomes flexibleMon, 13, Jun 2016
Sonic Automotive is discovering that it has to be flexible in the design of its stand-alone EchoPark used-car stores as it seeks to expand into more markets. Stores' footprints, height and even service offerings will vary to meet local requirements.
Judge rules against Tammy Darvish in succession caseTue, 07, Jun 2016
A Maryland judge summarily dismissed the lawsuit Tamara Darvish filed in 2015 against her father and the company he founded, DARCARS Automotive Group, after she was shunted aside, then ousted from the dealership group.
Supply puts a drag on used prices, but Manheim index risesTue, 07, Jun 2016
An increase in used-vehicle supply has put a drag on used-vehicle prices. But dealers' skills and efficiencies lifted Manheim's monthly Used Vehicle Value Index despite that supply pressure.
Cascade Engineering seeks 'lasting impact'Mon, 06, Jun 2016
Christina Keller joined Cascade Engineering in 2009 with a background in nonprofit work. She holds an MBA from Cornell University and also worked in consulting in New York. Before becoming president of CK Technologies in 2013, she led the company's Triple Quest business unit, established to produce and distribute household water filters to people around the world in need of safe water.
Joining family business a 'difficult' decisionSun, 05, Jun 2016
Angela Pritchard Spiteri, now vice president of operations at Pritchard Family Auto Stores, started her career outside of the family business -- in the insurance industry -- and then became an assistant for her father
'The timing was perfect' for VW store investmentMon, 06, Jun 2016
Dealer Steve Germain committed millions to building a new Volkswagen dealership before the company's sales tanked amid a diesel-emissions scandal. The store opened in March. Germain, disagreeing with the naysayers, says the timing was “perfect.”