Penske Automotive, Group 1 shares plunge after Brexit voteFri, 24, Jun 2016
Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union.
FCA dealers get software to prevent rollaways of recalled Jeep Grand CherokeesWed, 22, Jun 2016
Fiat Chrysler sent dealers new software allowing them to install a software-based “Auto Park” feature in 2014-15 Jeep Grand Cherokees intended to prevent the vehicles from moving when the driver's side door is open and the shifter is not in park. The automaker will begin notifying owners of the recalled SUVs beginning Friday.
Mercedes cleared to sell 2017 E class in U.S.Wed, 22, Jun 2016
The redesigned 2017 E-class sedan is on its way to U.S. dealerships after Mercedes-Benz received its final necessary certification approvals earlier this week.
Sheehy puts its heart into sales promotionMon, 20, Jun 2016
A partnership between Sheehy Auto Stores and the American Heart Association has several goals, including charitable giving, educational outreach, and oh, selling 7,000 vehicles in 50 days from mid-May to early July.
More and more, CEO pay is linked to stockMon, 20, Jun 2016
Outgoing Cooper Tire & Rubber Co. CEO Roy Armes topped the list of the 42 highest paid CEOs at publicly traded U.S.-based automotive companies in 2015.
CarMax quarterly earnings slide 3.6% despite revenue gainTue, 21, Jun 2016
CarMax's latest quarterly earnings slid 3.6 percent, dragged down by expenses related to store openings, share-based compensation and hail damage to vehicles at the company's stores in Texas.
How surviving leukemia changed outlook on lifeMon, 20, Jun 2016
Sam Slaughter, owner of the Sellers Auto Group in suburban Detroit, talks in this Q&A about how having leukemia at age 25 affected his life decisions and management style, as well as his views on Internet marketing and the role of the service department.
Majority of stores need more vigilance against hackers, survey warnsMon, 20, Jun 2016
A new survey suggests some dealerships could be vulnerable to cyber attacks that would endanger the personal information of their customers. Such data breaches would be not only an immediate business threat, but could result in spooked consumers never doing business with hacked stores again.
Oil change shops oppose Calif. bill on service intervalsTue, 21, Jun 2016
Major auto aftermarket and service organizations, including the Tire Industry Association, are opposing a California state bill they argue would set unrealistic restrictions on vehicle oil changes within the state.
Dealers claim victory after U.S. Supreme Court vacates service adviser overtime rulingMon, 20, Jun 2016
Auto dealers claimed victory today after the U.S. Supreme Court rejected a lower court's decision that dealership service advisers are eligible for overtime pay under U.S. labor law. In a 6-2 vote, the high court today vacated a 2015 ruling by the 9th U.S. Circuit Court of Appeals that service advisers are eligible for overtime pay.
9-month wait puts VW in a holeMon, 20, Jun 2016
Even as Volkswagen nears a settlement with regulators on a package of repair proposals and customer compensation, it faces a long road ahead in restoring consumer confidence in the brand and rebuilding sales volume, dealers and analysts say.
Kia, Hyundai recall over 400,000 vehicles to fix 4 glitchesFri, 17, Jun 2016
Hyundai-Kia is recalling more than 400,000 vehicles for four separate safety glitches that cover front lower control arms, faulty hood latches and seat belt retractor screws that may be improperly installed.