Dealer Groups

California dealer group sues TrueCar, claims website acts as dealer

2:21 pm U.S. ET | May 20, 2015

The California New Car Dealers Association is suing TrueCar, accusing the vehicle-shopping site of breaking California laws on dealer licensing, brokering, advertising and disclosure....
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AutoNation marks milestone with $20 million ad campaign

12:01 am U.S. ET | May 18, 2015

AutoNation is celebrating a pending milestone — 10 million vehicles sold — with its largest advertising campaign in history. The auto retailer run national television ads for the first time as part of the $20 million campaign....
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TrueCar revenue rises 33%

12:01 am U.S. ET | May 11, 2015

TrueCar Inc., the car-shopping service, reported continued revenue growth and another loss in the first quarter. The company added that it will step up spending on advertising and other efforts to attract customers through the rest of the year, and forecast a big rise this year in the number of auto sales it facilitates....
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Sonic to restore customer-pay service revenue

12:01 am U.S. ET | May 11, 2015

Sonic Automotive's warranty work is up so much, it was losing customer-pay service jobs due to lack of capacity. It's changing that now with several tweaks to its service lane....
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Dealertrack, Autobytel digest acquisitions

1:12 pm U.S. ET | May 8, 2015

Dealertrack Technologies and Autobytel, vendors to auto dealers, are benefiting from the hot vehicle-sales market even if they are trying to absorb acquisitions made last year, the companies said in separate earnings announcements this week....
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TrueCar records 33% revenue growth in Q1

8:47 pm U.S. ET | May 7, 2015

TrueCar reported continued revenue growth and another loss in the first quarter, and said it launched its TrueCash incentive program, which allows automakers to target discounts to specific consumers based on where they live, what they drive and what they're shopping for....
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Toyota picks 8 stores to sell Mirai hydrogen car

4:02 pm U.S. ET | May 6, 2015

Toyota, seeking a smooth debut this fall for its Mirai hydrogen car, said it will initially sell the car through just eight dealerships in California....
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KAR Auction Q1 net income doubles

3:11 pm U.S. ET | May 6, 2015

KAR Auction Services, parent company of ADESA, said its net income more than doubled to $54.5 million on revenues that increased 8.3 percent to $632.4 million in the first quarter....
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JAMIE LaREAU

BLOG: Lithia reaches out to women in step toward industry evolution

12:13 pm U.S. ET | May 6, 2015

Lithia has about 10,000 employees -- a quarter of them are women. But Lithia wants to hire more women at every level and it's doing something about it....
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AutoNation says April sales grew 5.8%

12:52 pm U.S. ET | May 4, 2015

AutoNation said its new-vehicle sales increased 5.8 percent last month from a year earlier, with gains in luxury and domestic brand sales but a loss in its import segment....
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FAMILY LITIGATION

DARCARS keeps focus amid lawsuit, CEO says

12:01 am U.S. ET | May 3, 2015

DARCARS Automotive Group faced a human- and public relations nightmare after the founder's daughter, Tamara, sued her father and the company while media coverage of the rift prompted calls for a boycott. As the dispute heads to court, DARCARS CEO John Darvish says he's keeping employees focused on their jobs and profits on track....
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AMY WILSON

BLOG: Family takes Dave Smith name forward

1:58 pm U.S. ET | May 1, 2015

Ken Smith wants his dad’s name to live on. And it’s about to, in a much bigger way....
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Group 1's net income rises 14% in Q1

7:50 am U.S. ET | April 28, 2015

Group 1 Automotive reported net income rose 14 percent to $36 million in the first quarter, driven by solid gains in sales of both new and used vehicles in its core operations in the robust US market....
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AutoNation Ford store in Bellevue, Wash., burns down

10:45 am U.S. ET | April 27, 2015

AutoNation Ford Bellevue in Washington state was still burning today after a fire tore through the dealership Saturday morning. The local fire department is calling it a total loss....
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Best April sales in decade expected, driven by light trucks

1:09 pm U.S. ET | April 27, 2015

New-vehicle sales in the United States are projected to reach the highest April level in a decade, capping the best four-month start to a year since 2001. Four forecasts -- calling for a year-over-year increase of about 5 percent to 6 percent this month -- show the industry remains on track to finish 2015 right around 17 million units, a threshold last crossed in 2001. TrueCar.com recently increased its full-year forecast to 17....
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Public dealerships plan for growth

12:01 am U.S. ET | April 27, 2015

AutoNation, Sonic, Asbury and Lithia gave updates on their new projects as they reported generally robust first-quarter earnings. Here's what they said....
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Whole lotta wholesalin' goin' on

12:01 am U.S. ET | April 27, 2015

Soaring new-vehicle sales for the last few years mean that used vehicles are more plentiful. Dealers have become more selective about the vehicles they stock, and more willing to wholesale the ones they cull....
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Manheim expands its mobile auctions

12:01 am U.S. ET | April 27, 2015

Manheim is expanding its mobile auction business, which the company says could grow to 20 percent of its revenues eventually from less than 5 percent today....
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RFJ buys Dave Smith Auto

12:01 am U.S. ET | April 25, 2015

Fast-growing dealership group RFJ Auto Partners is expanding in the Northwest by buying Dave Smith Auto Group, which operates two of the highest-volume stores in the U.S. RFJ, backed by private equity, aims ultimately to become one of the biggest dealership groups in the country....
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Lithia's Q1 net income soars 64% on broad gains, DCH integration

11:03 am U.S. ET | April 22, 2015

Lithia Motors' net income surged 64 percent to $41 million in the first quarter from a year earlier, on strong sales across all divisions and the continued integration of its purchase last year of DCH Auto Group, the dealership group said today....
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AutoNation's Q1 net income rises 17%

7:00 am U.S. ET | April 22, 2015

AutoNation is picking up its acquisition pace as its profits continue to rise. Net income for the nation's largest new-car retailer jumped 17 percent in the first quarter to $111.5 million, the company said today....
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Sonic Q1 revenue up, net income down on costs for new initiatives

9:06 am U.S. ET | April 21, 2015

Sonic Automotive reported a nearly 5 percent revenue increase in the first quarter, but a drop in net income mostly because of costs associated with its One Sonic-One Experience no-haggle program and EchoPark, its new used-car business....
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Asbury's first quarter net income rises 14%

9:06 am U.S. ET | April 21, 2015

Asbury Automotive Group's net income jumped 14 percent in the first quarter of 2015 from the year-earlier period, to $35.9 million, as all parts of its business experienced profit gains....
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Mercedes' Cannon recruits fellow execs for a personal mission

11:34 am U.S. ET | April 21, 2015

A few months ago, Steve Cannon called on the heads of Group 1 and AutoNation for big favors -- and it had nothing to do with selling more cars. Instead, the CEO of Mercedes-Benz USA had a different mission in mind....
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Toyota plots Prius comeback

12:01 am U.S. ET | April 18, 2015

As Toyota prepares to introduce a redesigned Prius later this year, both car and company are at turning points. First introduced in 1997, the hybrid is no longer the green-car darling of the Hollywood set. That sort of buzz now surrounds the EVs produced by Tesla....
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Automotive News
Special Video Report
Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota North America CEO Jim Lentz is a pioneer. He and a handful of other employees moved to north Texas last September to help build the automaker's new U.S. headquarters.
» Watch the Video
     
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