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Lithia Motors' fourth-quarter net income surged on special gains, particularly from tax-law changes, and record revenue.
Publicly traded dealership groups turned in generally good results in the fourth quarter. Then U.S. corporate tax cuts pumped up those earnings -- often by a lot.
Group 1's fourth-quarter net nearly quadrupled on a one-time gain from U.S. tax changes and increasing gross profits in all of the dealership group's regions.
Penske Automotive's net jumped on a one-time boost from U.S. tax changes, while gross profit rose in all areas of the dealership group's business.
GM has slashed the maximum amount dealership salespeople can earn from the automaker in supplemental bonuses and changed the criteria for getting that money.
AutoNation is tapping its tax-change windfall to train associates to work with its brand extensions and on its partnership with Waymo.
Jim Ellis Automotive Group is seeking to reduce vehicle fatalities with a campaign urging its customers and Atlanta community to "pledge to drive safe."
AutoNation's fourth-quarter net income increased 31 percent, boosted by the federal tax bill and a strong performance in its F&I and service departments.
The Autotrader shopping site is changing so that it can shepherd consumers through much of a deal online and save them time when they connect with dealers.
AutoNation no longer refuses to hire job applicants who test positive for marijuana in drug screenings, CEO Mike Jackson said.
Manheim will extend rapid introductions of digital enhancements into 2018, as the technology race among auctions rages.
Used-vehicle sales will grow modestly to 39.5 million units in 2018, driven by a more desirable mix of off-lease vehicles and consumers with more take-home pay.
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