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Asbury Automotive's first-quarter profits jumped 18 percent, driven by F&I and parts and service gains, on a revenue increase approaching 4 percent.
Germain Automotive Group is in the subscription car business to attract new customers, drive revenue and prepare for a changing future.
The autonomous future is indisputably coming to the automotive industry, but it is up to dealers to decide how that impacts the future of the dealership.
Ken Garff Automotive, a pioneer in private equity partnerships, will buy Garcadia Auto and its interest in 28 dealerships from Leucadia National.
John Eagle Auto Group in Dallas holds monthly video conferences to help F&I staff brainstorm ways to improve profits at its 12 Texas dealerships.
Lithia Motors wants to be in all regions of the U.S. and eventually cross the border to Canada as it gains scale for a changing future.
CarMax said its profits fell on flat revenue during its last fiscal quarter, and that it will focus its new stores in smaller markets this fiscal year.
Shift Technologies, an online used-car retailer, is partnering with Manheim for services such as vehicle storage, reconditioning, imaging and inspections.
BMW, joining the list of automakers exploring the business case for vehicle subscription services, will launch its first pilot program in the United States at a Sonic Automotive store in Nashville.
Wayne Huizenga, who died March 22 at age 80, was an entrepreneur through and through.
Dealers depend on used-car profits to offset thinner new-car margins, but now used-car margins are under pressure, too, says Cox Automotive CEO Sandy Schwartz.
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