Dealer Groups

Keith Crain will be honored at Boca Raton Concours d'Elegance

4:00 pm U.S. ET | Aug. 27, 2014
Keith Crain, editor in chief of Automotive News and chairman of Crain Communications, will be honored with a 2015 Automotive Lifetime Achievement award at the ninth annual Boca Raton Concours d'Elegance in February....
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BEST PRACTICES

Rick Case career talks move workers up

12:01 am U.S. ET | Aug. 25, 2014
Rick Case dealer group interviews every single employee to find out what kind of job each employee ultimately wants. The idea is to retain employees who might otherwise leave looking for new challenges or a better fit....
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Severe weather spurs auction expansion

12:01 am U.S. ET | Aug. 25, 2014
Insurance Auto Auctions Inc., which specializes in salvage vehicles and those donated to charity, has expanded its auction site outside Omaha, Neb., in response to growing volume....
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Manheim enters high-tech lane

12:01 am U.S. ET | Aug. 25, 2014
Manheim, the nation's largest auto-auction company, is spending $100 million over three years to give every aspect of its operations a high-tech makeover....
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Dealer software giant ADP Dealer Services to become CDK Global

2:55 pm U.S. ET | Aug. 19, 2014
ADP Dealer Services said today it will spin off from parent ADP with the name CDK Global. The dealer software giant expects to become an independent public company by October. It will be listed on the NASDAQ exchange under the symbol CDK....
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Social media fall flat for car shopping, research finds

12:01 am U.S. ET | Aug. 18, 2014
The body of evidence continues to grow that social media are ineffective for selling vehicles....
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Manheim enters Brazil with acquisition of auction company CarBizz

2:51 pm U.S. ET | Aug. 13, 2014
Manheim, the largest auto auction company in the United States, has expanded its global operations into South America with the acquisition of Brazilian auction company CarBizz....
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UK dealer Lookers expects record full-year profit

Aug. 13, 2014 09:25 CET
Britain's fourth-largest car dealer, Lookers, expects to post a full-year pretax profit of more than 60 million pounds (75 million euros) after record sales lifted its pretax profit by 36 percent in the first half....
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TrueCar growing at faster pace than strong U.S. vehicle market

5:41 pm U.S. ET | Aug. 12, 2014
TrueCar, the online car-shopping site that went public with its stock in May, is growing its sales and dealer network faster than overall U.S. vehicle sales and faster than analysts expected....
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Shanghai GM contacted by regulators as rivals pressured to cut prices

7:08 am U.S. ET | Aug. 12, 2014
General Motors said its joint venture in China was contacted by the nation’s antitrust regulator amid an industry investigation that has seen at least seven foreign carmakers cut prices....
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Stocks stay on target -- with help

12:01 am U.S. ET | Aug. 11, 2014
With a little help from increased incentives, automakers kept U.S. inventories at near-ideal levels to start August....
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Q&A WITH GREG JACKSON | CEO, PRESTIGE AUTOMOTIVE GROUP

Minority dealers still don't reflect minority purchases

12:01 am U.S. ET | Aug. 11, 2014
Today, Prestige CEO Greg Jackson owns four dealerships in southeastern Michigan that sold 10,177 new Cadillac, Ford, Toyota and Mercedes-Benz vehicles last year....
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Q&A WITH GREG MILLER | CEO, LARRY H. MILLER GROUP OF COS.

Miller learned from his dad and learned how to delegate

12:01 am U.S. ET | Aug. 11, 2014
Greg Miller, 48, learned a lot about the car business from his father, Larry H. Miller. But he is a very different leader from his dad....
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Calif. retail group grabs more stores

12:01 am U.S. ET | Aug. 10, 2014
Conant Auto Retail Group of Newport Beach, Calif., which includes the nation's largest Honda dealership, bought Southern California's three-store Fladeboe Automotive Group....
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Startup CarLister joins rush to digital car-buying

8:00 am U.S. ET | Aug. 8, 2014
DreamWare, a Web development company with ties to eBay, is launching a car-buying and listing Web application today that allows users to shop and list a used vehicle for sale on any digital platform. The company is the latest to join the hotly contested market for digital car-buying and selling platforms....
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Web visits help UK's largest car dealer, Pendragon, to boost profits

Aug. 8, 2014 06:01 CET
Profits of Britain's largest car dealer, Pendragon, doubled in the first half as increased online visits helped drive up used and new car sales....
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Rowe moves to president of AutoTrader.com from Kelley Blue Book

7:09 pm U.S. ET | Aug. 4, 2014
Jared Rowe, former president of Kelley Blue Book, has been appointed president of AutoTrader.com, effectively immediately, the two companies said Monday....
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Penske adds Spain to its overseas roster

12:01 am U.S. ET | Aug. 4, 2014
Fresh off the heels of a joint venture in Barcelona, Spain, Penske Automotive Group Inc. will continue to expand with acquisitions in the United States and elsewhere. "We want to expand globally where we have human capital and people to build these businesses," Chairman Roger Penske told Automotive News....
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Edmunds: Model S 'brilliant,' but 'hard to recommend'

12:01 am U.S. ET | Aug. 4, 2014
The Tesla Model S is a "fast, comfortable and technologically brilliant luxury sedan," Edmunds.com concluded in a review it posted last week following a "long-term road test." But Edmunds editors amassed a list of 28 repairs and dealership visits for service bulletins that the car required during the 17 months and 30,251 miles it was tested....
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Sonic exits Mich., looks elsewhere

12:01 am U.S. ET | Aug. 4, 2014
After divesting the last of its four stores in Michigan last month, Sonic Automotive Inc. plans to use the proceeds of the sales to buy more dealerships in other markets....
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Penske Q2 net income rises 18% on strong gains in all segments

7:30 am U.S. ET | July 30, 2014
Penske Automotive Group's second-quarter net income rose 18 percent from the year-earlier period on higher new- and used-vehicle unit sales....
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Asbury to double pace of acquisitions

12:01 am U.S. ET | July 28, 2014
Asbury Automotive Group Inc. aims to double its acquisition pace during the next 18 months....
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Sonic 'delighted' with rollout of new retail plan

12:01 am U.S. ET | July 28, 2014
Three weeks into Sonic Automotive Inc.'s customer experience initiative, customers at the pilot store aren't yet getting the promised iPad-enabled transaction with a single salesperson....
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Happy Birthday, boss! Let's open some stores

12:01 am U.S. ET | July 28, 2014
Sonic Automotive President Scott Smith will get a special birthday present when he turns 47 on Oct. 20....
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AutoTrader, Manheim rebrand under 1 entity

12:01 am U.S. ET | July 28, 2014
Manheim and AutoTrader Group, a collection of digital automotive marketing and software companies, are now part of Cox Automotive, according to signage and employees representing the various properties at a recent trade show in Florida. Sandy Schwartz, president of Manheim and AutoTrader Group, leads the new entity....
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