Dealer GroupsAMY WILSON For AutoNation's Jackson, Penske sets pace for retirement 12:01 am U.S. ET | May 16, 2013  AutoNation CEO Mike Jackson's employment contract with the country's largest dealership group is up in September. Jackson will turn 65 next February, but he has no intention of walking out the door any time soon.... Read More »
AMY WILSON Rebranding effort aids AutoNation's community giving 11:57 am U.S. ET | May 15, 2013  AutoNation has rebranded nearly 40 percent of its dealerships with its coast-to-coast AutoNation name. And, contrary to early fears within the nation's largest auto dealership group, AutoNation says it is maintaining or increasing share in those converted markets.... Read More »
U.S. used-vehicle sales drop 6% in first quarter 4:04 pm U.S. ET | May 14, 2013 Industry-wide used-vehicle sales dropped 6 percent in the first quarter of 2013 compared to the same quarter last year, according to Edmunds.com's new Used Market Quarterly Report.... Read More »
Retired Texas dealer McCall supports Tesla 12:01 am U.S. ET | May 13, 2013  Retired Texas auto dealer Sterling McCall surprised fellow dealers in April when he testified in favor of Tesla Motors Inc.'s bid to carve out an exemption to state franchise law. But after buying two Teslas himself -- and taking delivery of his Model S in a high school parking lot -- McCall became convinced that the current Texas law is unfair to the electric vehicle maker.... Read More »
ADESA forecasts rising off-lease volume in second half of year 12:01 am U.S. ET | May 13, 2013  ADESA, the nation's second-largest used-vehicle auction company, expects an uptick in sales of off-lease vehicles, especially in the second half of the year, said the top executive at its parent company.... Read More »
FINAL ASSEMBLY Jackson: Penske sets my retirement pace 12:01 am U.S. ET | May 13, 2013  AutoNation CEO Mike Jackson's employment contract with the country's largest dealership group is up in September. Jackson will turn 65 next February, but he has no intention of walking out the door any time soon.... Read More »
Penske raises dividend 7% 3:52 pm U.S. ET | May 10, 2013  Penske Automotive Group increased its quarterly dividend by 7 percent, to 15 cents per share, for the first quarter, the company announced today.... Read More »
AutoTrader's VinSolutions buys Haystak Digital Marketing 5:14 pm U.S. ET | May 6, 2013 VinSolutions, a unit of the AutoTrader Group, has agreed to buy Haystak Digital Marketing.... Read More »
Public retail groups: 'We're fighting tooth and nail' for margins 12:01 am U.S. ET | May 6, 2013 Profit margins on new vehicles are slipping for the nation's largest dealership groups as manufacturers and retailers slug it out for market share. New-car margins dropped for all the public dealership groups during the first quarter of 2013.... Read More »
Affinity sales saved the day for TrueCar 12:01 am U.S. ET | May 6, 2013  TrueCar Inc. owes its survival to the 1,500 associations, including USAA and AAA, that give their members an opportunity to buy vehicles through the online auto-shopping service, TrueCar CEO Scott Painter said last week.... Read More »
AutoNation's new-vehicle sales rose 10% in April 1:37 pm U.S. ET | May 2, 2013  Driven by a domestic-brand sales surge, AutoNation, the nation's largest dealership group, reported a 10 percent gain in new-vehicle sales in April.... Read More »
Group 1 operating income rises on higher new-vehicle sales 10:40 am U.S. ET | May 2, 2013  Higher new-vehicle sales and increased gross profits in all business segments drove Group 1 Automotive's operating income higher during the first quarter of 2012, but net income dropped 4 percent.... Read More »
'CHASING THAT CRAZY NUMBER' Dealers grouse that stair-step plans are causing more pain than last year 12:01 am U.S. ET | April 29, 2013 Stair-step programs, the incentive plans that drive many dealers crazy, are causing more grumbling than they were a year ago. Several major retailers, including some of the largest dealership groups in the country, say stair-step programs are worse than last spring.... Read More »
Carfax-dealers scuffle spirals into lawsuit 12:01 am U.S. ET | April 29, 2013 A scuffle between Carfax Inc., a widely known provider of vehicle history reports, and some dealers who subscribe to the reports, has escalated into a full-blown legal battle.... Read More »
DAVID BARKHOLZ Why ADP Digital Marketing became GM's neighbor in Detroit 2:32 pm U.S. ET | April 25, 2013  ADP Dealer Services is looking for goodwill and good designers (not necessarily in that order) in deciding to open a digital marketing innovation office in downtown Detroit. The company is the largest provider of dealer management systems in the country.... Read More »
Carfax hit with $50 million antitrust lawsuit by 120 dealerships 4:25 pm U.S. ET | April 24, 2013  The owners of 120 auto dealerships have filed a federal lawsuit against Carfax, alleging that the vehicle history reporting company engages in anti-competitive practices and violates antitrust laws.... Read More »
Sonic gets over Feb. hiccups to see Q1 profit gains 10:53 am U.S. ET | April 23, 2013  Pricing challenges and a slowdown in California in February put pressure on Sonic Automotive's profit margins during the first quarter. But the nation's third-largest dealership group bounced back to post a 4 percent increase in net income for the first quarter of 2013.... Read More »
Dealership groups expected to post first-quarter gains 4:29 pm U.S. ET | April 22, 2013 Dealership groups that announce their first-quarter earnings over the next two weeks should see continued growth as new- and used-car sales outperform 2012 levels, analysts say. Asbury Automotive Group, Sonic Automotive and Lithia Motors release their quarterly reports this week. Penske Automotive Group and Group 1 Automotive report next week.... Read More »
AutoNation gobbles stores 12:01 am U.S. ET | April 22, 2013 AutoNation Inc. is on its biggest buying binge since its initial rollup in the late 1990s, and executives say they're not done yet.... Read More »
REMARKETING Retailer CarMax targets smaller markets 12:01 am U.S. ET | April 22, 2013  CarMax Inc., the nation's largest used-car retailer, opened its first small-format store in Virginia last month and plans to open a second such store this fall in Tennessee. Those two stores could be the first of as many as 100 stores.... Read More »
AutoNation Q1 earnings soar; acquisitions continue 6:30 am U.S. ET | April 18, 2013  AutoNation said first-quarter net income rose 14 percent to $83 million, up from $73 million a year ago. With profits up in all categories of its business during the first quarter, particularly finance and insurance and parts and service, AutoNation is snapping up more dealerships.... Read More »
JAMIE LaREAU Good news for sellers: Blue sky values appear strong 1:05 pm U.S. ET | April 16, 2013  It appears blue sky values are back, even at dealerships in distress. Take two recent examples out of California.... Read More »
Poll: Deal trumps tech for shopper 12:01 am U.S. ET | April 15, 2013 For all the effort automakers lavish on new sheet metal and technology, 79 percent of U.S. car shoppers would rather get a good deal on an older model than wait a few months for a redesign, according to a new survey.... Read More »
Much of tax refunds will go for auto-related spending 10:00 am U.S. ET | April 11, 2013  A third of the consumers who received or are expecting tax refunds this year plan to sink some of that cash into vehicle-related purchases such as a new- or used-vehicle or repairs, an eBay study found.... Read More »
CarMax quarterly profit rises, but used-car sales momentum drops 9:55 am U.S. ET | April 10, 2013  CarMax, the largest retailer of used cars in the United States, reported a 13 percent gain in fourth-quarter profit, but comparable used-car sales grew at a slower pace than the previous quarter.... Read More »
|
|  | ||||
Special Report
 Ford's Hinrichs: 'We've learned lessons from the last few years'Ford's new Americas boss Joe Hinrichs says the hobbled launch of the Lincoln MKZ has been his biggest... Mon., May 13» Watch the Video |
- Internet Director
Gerald Jones Honda -- Augusta, GA, United States - Service Manger
AR, United States
News by Brand
