HurricanesREMARKETING Sandy disrupts seasonal shifts in used-vehicle prices 12:01 am U.S. ET | Jan. 28, 2013 Used-vehicle prices ended 2012 on a high note, buoyed by the impact of Hurricane Sandy last fall, analysts say.... Read More »
2012: THE YEAR IN PHOTOS Fire, wind & water 12:01 am U.S. ET | Dec. 24, 2012 Natural disasters, fires and protests affected dealers and automakers in 2012. Here are some.... Read More »
FINANCE & INSURANCE F&I after the storm 12:01 am U.S. ET | Dec. 10, 2012  Adam Kraushaar is making more money selling finance and insurance in the midst of mayhem. Kraushaar owns six dealerships in Toms River, N.J., one of the areas most forcibly struck by Hurricane Sandy in October. Despite the devastation, Kraushaar and other East Coast dealers say they are boosting F&I revenue right along with selling more cars.... Read More »
KEITH CRAIN Be careful what you buy or sell 12:01 am U.S. ET | Dec. 3, 2012  Hurricane Sandy was particularly destructive to new- and used-car dealerships, destroying or severely damaging many thousands of vehicles. But thousands of new and used vehicles that were damaged will still slip through the cracks and be sold across the nation Keith Crain is editor-in-chief of Automotive News.... Read More »
After a slow start, analysts see a big finish in November 12:01 am U.S. ET | Nov. 26, 2012 Auto sales got off to a slow start in November, but demand to replace hurricane-damaged vehicles and positive economic signs have helped increase showroom traffic. Automakers and dealerships are expecting brisk sales during the final week of the month, helped by Thanksgiving weekend and end-of-year promotions.... Read More »
REMARKETING Industry tracks Sandy-damaged cars 12:01 am U.S. ET | Nov. 26, 2012  Keeping cars and trucks that were damaged by Hurricane Sandy out of the nation's pool of used vehicles won't be easy. But automakers, auction houses, inspection companies and vehicle-history reporting agencies are among those working to make sure that Sandy-flooded vehicles are either destroyed or sold with titles describing their true condition.... Read More »
Honda, despite Sandy's impact, still expects 25% U.S. sales gain for 2012 11:01 am U.S. ET | Nov. 19, 2012  Honda's rebound in the United States will continue through 2012’s final months, helping the carmaker boost sales about 25 percent this year even after Hurricane Sandy reduced October gains, said sales chief John Mendel.... Read More »
Used-car demand up after Sandy 12:01 am U.S. ET | Nov. 19, 2012 Since Hurricane Sandy ravaged tens of thousands of vehicles on the East Coast, used-vehicle pricing and demand are headed in a familiar, post-disaster direction: higher and higher.... Read More »
Many East Coast dealers expect a sales surge 12:01 am U.S. ET | Nov. 12, 2012  Many East Coast dealers affected by Hurricane Sandy expect sales and service business to increase significantly as soon as this week.... Read More »
How Sandy-damaged cars will be replaced 12:01 am U.S. ET | Nov. 12, 2012 Used vehicles from the West Coast could be shipped across the country to help East Coast dealers meet the anticipated demand for replacing vehicles damaged by Hurricane Sandy, says Paul Lips, executive vice president for operations and finance at auction company ADESA.... Read More »
ARLENA SAWYERS Saying no to Sandy-soaked vehicles 3:27 pm U.S. ET | Nov. 9, 2012  Hurricane Sandy hit Manfredi Auto Group’s Mazda Kia Mitsubishi dealership in Staten Island pretty hard. That has forced them to be extra vigilant in planning how to cope post-disaster. Other dealerships might do well to consider taking similar steps.... Read More »
Penske Automotive, Group 1 rebounding from Sandy's wrath 4:19 pm U.S. ET | Nov. 8, 2012  When Superstorm Sandy hit last week, stores owned by many of the nation's largest dealership groups mostly avoided damage, with two exceptions: Penske Automotive Group and Group 1 Automotive. Each has about a quarter of its stores on the East Coast.... Read More »
HURRICANE SANDY: THE AFTERMATH Impact on sales is expected to be brief 12:01 am U.S. ET | Nov. 5, 2012 Insurance checks cut in November and December are expected to help automakers and dealers more than make up for the sales that Hurricane Sandy wiped out at the end of October.... Read More »
HURRICANE SANDY: THE AFTERMATH Prep work helped dealership group weather the storm 12:01 am U.S. ET | Nov. 5, 2012  DCH Auto Group has 15 dealerships with many millions of dollars in inventory in New York, New Jersey and Connecticut. Nine stores were in Sandy's path. But DCH was spared devastation.... Read More »
HURRICANE SANDY: THE AFTERMATH Penske surveys New Jersey store damage: 'It was devastating' 12:01 am U.S. ET | Nov. 5, 2012  Penske Automotive Group CEO Roger Penske found devastation when he visited his company's dealerships in Jersey City, N.J., on Wednesday, Oct. 31.... Read More »
HURRICANE SANDY: THE AFTERMATH Used-car prices expected to rise 12:01 am U.S. ET | Nov. 5, 2012  Customers replacing damaged vehicles in the wake of Sandy will push up used-vehicle prices across the country, used-vehicle experts say.... Read More »
HURRICANE SANDY: THE AFTERMATH Limited time, lack of storage hurt N.Y. dealers 12:01 am U.S. ET | Nov. 5, 2012 When auto dealers on New York's Long Island and in the boroughs of Brooklyn, Staten Island and Manhattan learned that Sandy was approaching, they faced an alarming challenge: lack of vehicle storage space on higher ground.... Read More »
HURRICANE SANDY: THE AFTERMATH European brands take worst sales hit from Sandy 12:01 am U.S. ET | Nov. 5, 2012 Sandy's biggest impact may be felt by European brands that depend heavily on sales in the hard-hit region.... Read More »
EDITORIAL After the storm, finding the good in a bad situation 12:01 am U.S. ET | Nov. 5, 2012 The auto industry is only beginning to tally its share of the damage caused by last week's terrible hurricane, which wreaked havoc and created unbearable situations for people up and down the East Coast.... Read More »
DIANA T. KURYLKO New Jersey struggles in the storm's aftermath 2:56 pm U.S. ET | Nov. 2, 2012  New Jersey is a mess. Dealerships where I live in northwest New Jersey were all closed yesterday, mainly because the power hasn't been restored. Lines for gas are miles long. Some stations will only fill containers people carry to the pumps.... Read More »
Group 1's East Coast dealers expect $2 million in inventory losses 4:21 pm U.S. ET | Nov. 1, 2012 Group 1 Automotive's 24 East Coast dealerships are facing $2 million in inventory losses after Superstorm Sandy. Group 1, the nation's fourth-largest dealership group, estimates it will incur a $250,000 pre-tax deductible charge for facilities damages in the fourth quarter and $2 million in inventory losses.... Read More »
East Coast dealers shut stores, relocate cars as Hurricane Sandy hits 3:26 pm U.S. ET | Oct. 29, 2012  As the Atlantic's largest-ever tropical storm hit the East Coast, auto dealers closed showrooms, moved cars to higher ground and calculated the effect on October sales. Hurricane Sandy caused 65 deaths in the Caribbean and is expected to converge with two other systems to create a phenomenon the National Weather Service is calling Frankenstorm. As of 8 p.m. EDT, the storm reached land near Atlantic City on the New Jersey coast.... Read More »
East Coast dealers 'battening down the hatches' for Hurricane Sandy 5:54 pm U.S. ET | Oct. 26, 2012  Auto dealers in the Northeast are closely monitoring Hurricane Sandy, which some forecasters predict may become the worst storm to hit the region in more than 100 years.... Read More »
Group 1 reports minor damage to its Gulf Coast dealerships 4:12 pm U.S. ET | Sept. 4, 2012 Group 1 Automotive said today that its Gulf Coast dealerships were spared major damage last week from Hurricane Isaac, but they expect light customer traffic while the region recovers from the storm.... Read More »
Gulf Coast dealers try to salvage weekend sales in wake of hurricane 12:41 pm U.S. ET | Aug. 31, 2012  Hurricane Isaac has dissipated after a week of floods and power outages, and now dealers on the Gulf Coast will try to rebuild sales over the Labor Day weekend. Some dealers had to move their inventory to safe ground as Isaac -- whose winds reached 80 mph at peak strength -- dropped a foot of rain in many areas in Louisiana and caused flooding.... Read More »
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