Dealerships

LINDSAY CHAPPELL

Settlement allows Mercedes to award dealership to Alabama's Saban

12:01 am U.S. ET | Aug. 23, 2014
Mercedes' plan to award a dealer franchise in Alabama to Crimson Tide football coach Nick Saban and a business partner can move forward now that litigation with a longtime Mercedes dealer there has been settled. Terms of the settlement were not disclosed on Friday....
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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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BEST PRACTICES

Mich. Honda dealer cashes in on clunkers

12:01 am U.S. ET | Aug. 11, 2014
Eighteen months ago, River Town Honda in Grandville, Mich., embraced older, high-mileage trade-ins instead of automatically selling them at near-zero profit to wholesalers. The decision has reshaped the way retails used vehicles and helped the store sell additional new vehicles....
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2 Southern dealers team up under new group name

1:47 pm U.S. ET | Aug. 5, 2014
Warner Peacock, CEO of New River Auto Mall in South Carolina, is teaming up with Florida mega dealer David Maus to form a new company called First Team Automotive Group LLC....
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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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Group 1 Q2 profit tumbles 55% on Brazilian problems

9:47 am U.S. ET | July 24, 2014
Group 1 Automotive today said its second-quarter net income tumbled 55 percent from a year earlier to $16.9 million, dragged down by a struggling economy in Brazil which accounts for 8 percent of its revenue....
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Asbury posts Q2 double-digit profit, revenue gains

7:07 am U.S. ET | July 22, 2014
Improving car sales and a double-digit revenue jump helped drive second-quarter profits up 33 percent at Asbury Automotive Group, as all parts of its business showed gains, the auto retailer said today....
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Dealers' phones ring again

12:01 am U.S. ET | July 21, 2014
Because of the ubiquitous smart phone, car shoppers are flooding dealerships with phone calls instead of e-mail inquiries. The sudden change in consumer behavior has dealers pushing employees to brush up on an ancient skill: answering the telephone....
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Sonic bets new plan will transform automotive retailing

12:01 am U.S. ET | July 14, 2014
After more than five years of internal work and external carping, Sonic Automotive Inc. will roll out a bet-the-farm change in how it sells cars late this month at a Toyota store in Charlotte, N.C....
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Minority dealers are adding import brands

12:01 am U.S. ET | July 14, 2014
After taking a disproportionately big hit when General Motors and Chrysler closed more than 1,600 dealerships in 2009, minority dealers have been adding import franchises. Still, the total number of minority stores remains inadequate, the National Association of Minority Automobile Dealers says....
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EDITORIAL

3 automakers' wise investments in dealerships

12:01 am U.S. ET | July 14, 2014
Automakers keep asking more of their dealers. But lately some manufacturers seem to be focusing less on how dealerships look and more on how well they work....
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Dealers

12:01 am U.S. ET | July 14, 2014
Dealers featured this week include the Biondi family at Biondi Motor Co. in Monroeville, Pa.; Rick Jensen, left, dealer principal of Jensen Motors in New Ulm, Minn.; and Tim Joannides, dealer principal of Halladay Nissan in Cheyenne, Wyo....
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BEST PRACTICES

Custom Nissans give dealership added oomph

12:01 am U.S. ET | July 7, 2014
When it comes to customizing, there are the usual hot-rod-able models like the Ford Mustang and Chevy Camaro. But the Nissan Altima? Absolutely, says Eric Grubbs, CEO of Grubbs Nissan in Bedford, Texas....
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New GM ignition parts arriving; just don't worry about what the box says

12:01 am U.S. ET | July 7, 2014
General Motors told its 4,300 dealerships late last month that the parts to replace faulty ignition switches on nearly 3 million recalled small cars are finally flowing in "unprecedented volume."...
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How Calif. store battles service drive bottlenecks

12:01 am U.S. ET | July 7, 2014
Bottlenecks in the service drive are the bugbear of every car dealership. But Loren Campbell, general manager of Redlands Auto Plaza 60 miles east of downtown Los Angeles, believes he has a fix....
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Top black dealer groups' sales up

12:01 am U.S. ET | July 7, 2014
The nation's 60 largest black-owned dealership groups increased revenue 11 percent last year from 2012 to $7.99 billion, Black Enterprise magazine reported....
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BODY SHOP COMEBACK?

Trade group chief sees growth in dealer-owned operations

12:01 am U.S. ET | July 6, 2014
The share of dealerships operating expensive body shops has shrunk since 2006. But that hasn't stopped some dealers, such as Otto Belovich, who want to be one-stop sources for all their customers' automotive needs....
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Cap on Tesla Pennsylvania stores closer

12:01 am U.S. ET | June 30, 2014
Pennsylvania is halfway to placing a cap on the number of stores that Tesla Motors Inc. can open in the state, muting legislation that helped spark a confrontation between dealers and other automakers....
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EDITORIAL

Who really benefits?

12:01 am U.S. ET | June 30, 2014
Lexus recently eased the limit on the number of its stores a single dealership group can own. Does limiting dealership concentration actually benefit an automaker's vehicle buyers?...
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KEITH CRAIN

A brand is built 1 customer at a time

12:01 am U.S. ET | June 23, 2014
To help celebrate the anniversary, I decided it was time to visit my local Dodge dealer. I met the next-generation car dealer, I hope....
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BEST PRACTICES

Mass. store becomes a one-stop shop for fleets

12:01 am U.S. ET | June 23, 2014
Imperial Municipal Partners caters to an important segment that many traditional dealerships aren't well equipped to handle -- commercial and government fleet buyers, including police departments....
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The elusive 60-minute transaction

12:01 am U.S. ET | June 16, 2014
Dealerships nationwide are adopting 60 minutes as the gold standard for completing a new-car transaction. They are also learning how tough it is to reach the goal....
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BEST PRACTICES

Retail group spells out privacy for customers

12:01 am U.S. ET | June 16, 2014
Jeff Wyler, CEO of the Jeff Wyler Automotive Family in Cincinnati, is convinced that dealerships soon will be subject to stricter privacy laws. So he is going extra lengths to inform customers of their rights and explain how the group's 13 dealerships gather and use data....
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Mercedes to double downtown outlets as customers move to cities

12:59 pm U.S. ET | June 5, 2014
Mercedes-Benz plans to double its downtown sales outlets worldwide by 2020 to serve the boom in city living with retailing that offers more technological wizardry and tasty treats than car models in showrooms....
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NADA: Dealer revenues like never before

12:01 am U.S. ET | May 26, 2014
Dealerships have more than bounced back from the recession. Fewer stores and the recovery in vehicle sales meant record revenues and profits for dealerships last year....
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