China's GAC looks to Fiat Chrysler to help enter U.S.Thu, 28, Apr 2016
China's Guangzhou Automobile Group, whose partnership with Fiat Chrysler Automobiles enables the Italian-American automaker to manufacture in China, wants Fiat Chrysler to return the favor by helping it launch U.S. sales.
Auto dealers in China, ubiquitous as KFCs, face shakeoutMon, 25, Apr 2016
China has set six straight annual records for the most new vehicles bought by any country in the 150-year history of the automobile. And yet, a troubling trend has emerged among the dealers moving all that metal -- most are just spinning their wheels.
Group 1 CEO says automakers need to cut productionWed, 27, Apr 2016
The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.
As off-lease alarm sounds, industry has time to adjustMon, 25, Apr 2016
After years of high trade-in values, automakers and lenders must adjust to a flow of off-lease vehicles swinging from scarcity to oversupply.
Asbury Q1 net down 14%; will open used-car stores despite slow salesTue, 26, Apr 2016
Asbury Automotive's first-quarter net income dropped 14 percent to $31 million, pressured by softer new- and used-vehicle sales, even as revenue edged up 0.6 percent to $1.55 billion, the company said today.
Sonic Q1 net rises 4.7% on parts and service, F&I; revenue flatTue, 26, Apr 2016
Sonic Automotive reported net income rose 4.7 percent to $14.6 million in the first quarter from a year earlier. Despite the narrow gain, the auto retailer reported a decline in gross profits on new and used vehicles amid weaker new-vehicle sales.
Penske Q1 net rises 5.7% on higher salesTue, 26, Apr 2016
Penske Automotive Group reported a 5.7 percent rise in first-quarter net income attributed in large part to the strength of its retail sales. The nation's second-largest dealership group said net income rose to $80.2 million in the quarter as revenue jumped 7.6 percent to $4.82 billion.
ALG chief: Millennials will drive strong leasingMon, 25, Apr 2016
Millennials are paying off their student loans and moving out of their parents' basements. That cohort's emphasis on affordability will continue to drive lease growth, Jim Nguyen, the new head of ALG, predicts in this Q&A.
Texting system reduces service dissatisfactionMon, 11, Apr 2016
Gorno Ford's service department uses texting to communicate with customers, carrying out the entire repair order from approval to payment.
Dealer anniversary awardsMon, 25, Apr 2016
Dealers featured this week include Ken Gensinger Sr., dealer principal at Gensinger Volkswagen in Clifton, N.J.; Amy Hunter of Jeff Hunter Toyota in Waco, Texas; Mike Dye, owner of Max Dye Inc. (GMC-Chrysler-Dodge-Jeep-Ram) in Salem, Ill.; and Dealer Ray Jones, at Center Motor Co. (Ford) in Center, Texas.
Why are some Nissan dealers so unhappy?Mon, 25, Apr 2016
As retailers gathered for the 2016 National Automobile Dealers Association convention, audiences seemed to nod in agreement at criticism that Nissan has used its elbows in its race to become America's No. 2 import automaker.
VW dealers want remedy done rightMon, 25, Apr 2016
Last week's agreement between VW and U.S. authorities provided the first clear indications of how the company will put its diesel emissions crisis to rest. But dealers are eager to know the full scope of their role in rebuilding trust with VW customers.