Dealers

AutoNation's Q2 net rises 15%; revenue up 9%

8:00 am U.S. ET | July 22, 2015

AutoNation's net income rose 15 percent in the second quarter from the year-earlier period to $115.1 million. Revenue rose 9 percent to $5.22 billion, boosted by higher sales of premium luxury, domestic and import brands, and higher results in new vehicles, used vehicles, parts and service, and finance and insurance operations....
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Lithia's Q2 net jumps 34% on DCH purchase

9:19 am U.S. ET | July 22, 2015

Lithia Motors' second-quarter profit and revenue soared, largely because of its acquisition last year of DCH Auto Group along with improving new- and used-vehicle sales volumes....
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Jeep hacking prompts FCA software update to enhance security

4:15 pm U.S. ET | July 21, 2015

Fiat Chrysler released a security patch after friendly hackers exposed a startling vulnerability in the company’s Uconnect infotainment system. The hackers were able to shut down a Jeep SUV while it was traveling on the highway....
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Asbury Q2 net rises 14% on broad revenue gains

10:59 am U.S. ET | July 21, 2015

Asbury Automotive Group Inc.’s net income increased 14 percent in the second quarter to $41.1 million....
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VIDEO: Mass. dealer shatters stereotypes, grows group to advance careers

12:01 am U.S. ET | July 20, 2015

A strict dress code and a close-to-home expansion strategy geared toward promoting employees are hallmarks of Boston-area dealer Brian Kelly, who has spent a career “breaking the typical stereotypes associated with the automobile business.”...
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JASON STEIN

Birthday wish for CFPB: Get real

12:01 am U.S. ET | July 20, 2015

Five years after it was created, the Consumer Financial Protection Bureau should seek additional information and better methodology to ensure it is really protecting consumers from discrimination....
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Sonic Automotive's Q2 net drops 45%

11:45 am U.S. ET | July 20, 2015

Sonic Automotive's adjusted net income fell 45 percent in the second quarter, partly because of rising expenses related to the launch of the retailer's EchoPark standalone used-car stores, the company said today. New-vehicle sales and revenue also fell....
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FCA expands training network for Mopar techs

12:01 am U.S. ET | July 20, 2015

FCA plans to expand from 31 to at least 100 the number of post-secondary schools offering its Mopar warranty training for service technicians....
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A LETTER FROM THE PUBLISHER

Best Dealerships To Work For

12:01 am U.S. ET | July 20, 2015

Welcome to our fourth annual celebration of the Best Dealerships To Work For in North America. The final ranking of top dealerships -- from No. 1 to No. 100 -- will be revealed at a ceremony Oct. 14 at the Four Seasons Hotel in Chicago, where Automotive News will honor the dealerships on the list....
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BEST PRACTICES

Building a brand in the service department

12:01 am U.S. ET | July 20, 2015

A few years ago, Adam Silverleib found his family's Honda store facing a problem no dealer wants to confront: Not one but two new Honda dealerships were going to open within 15 miles of his Raynham, Mass., location. "So we had to take a new approach and create something that gives people a reason to come to Silko." That something turned out to be an offering called SilkoCare....
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Dealers will pay up for vendors' data access after CDK switch

12:01 am U.S. ET | July 20, 2015

CDK Global is copying the vendor-certification program of rival Reynolds and Reynolds, portending big monthly cost increases to dealers for data security....
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Dealers

12:01 am U.S. ET | July 20, 2015

Dealers featured this week include Walter Kienle, of Walter’s Automotive in Riverside, Calif.; and Tracy Farmer, of Oxmoor Toyota in Louisville, Ky....
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Mixed results for minority dealer programs

12:01 am U.S. ET | July 20, 2015

As Ford's Kevin Cour and other automaker executives updated NAMAD on the state of their minority dealer programs, it became increasingly clear that those programs vary widely in their scope and effectiveness....
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Town uses tax funds to spur car sales

12:01 am U.S. ET | July 20, 2015

The Shop Libertyville Rewards program gives consumers up to $200 in gift certificates when they buy or lease new vehicles from any dealership in Libertyville....
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LETTER TO THE EDITOR FROM SCOTT PAINTER

TrueCar does not misuse dealer data

12:01 am U.S. ET | July 20, 2015

Some media reports have raised concerns about how TrueCar uses data. The truth is TrueCar has requested the same data from our dealer partners for 10 years. We have never sold the data. We do not use the data for marketing. Suggestions that TrueCar may misuse data are untrue and misleading....
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EDITORIAL

All states must get on board to close title-washing spigot

12:01 am U.S. ET | July 20, 2015

A critical tool in preventing vehicle title-washing fraud can't work as intended because some states don't participate. States should link into the federal vehicle title-checking system to protect motorists' lives and pocketbooks....
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Buick revives the overnight test drive

12:01 am U.S. ET | July 19, 2015

Buick is offering customers the chance to take test-drive vehicles home overnight, a move it calls a long-term brand-building effort rather than a quick-hit sales promotion....
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VW plans parts warehouse serving West Coast dealerships

10:35 am U.S. ET | July 17, 2015

Volkswagen Group of America will spend $6.8 million to open a new parts distribution center in Sacramento, Calif., to serve dealers in the Pacific northwest and northern California, the company said today....
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Ford dangles $10K discounts on aluminum F-150

6:34 pm U.S. ET | July 15, 2015

Ford has begun offering discounts that can exceed $10,000 on its new aluminum-bodied F-150 pickup, which has been losing sales and market share this year as the automaker works to build inventory on dealer lots....
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HANNAH LUTZ

BLOG: In dealer-reserve debate, CFPB, NADA and American Honda Finance strive to move ball

11:30 am U.S. ET | July 15, 2015

The debate over dealer-arranged auto loans has taken on new dimensions in recent weeks with various stakeholders seeking the upper hand....
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Nationwide car-shopping site adds finance, insurance

11:30 am U.S. ET | July 15, 2015

Nationwide Insurance launched an online service that enables consumers to research, shop for, finance and insure a car online, joining an industrywide move to put more of the finance and insurance process on the web....
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Texas isn't open for Tesla sales, governor says

3:56 pm U.S. ET | July 14, 2015

Texas Gov. Greg Abbott said that Tesla Motors shouldn't expect to open Lone Star state sales outlets any time soon....
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M-B dealers donate $100k for S.C. scholarship fund

3:27 pm U.S. ET | July 13, 2015

The Mercedes-Benz Dealers of America board, along with a dealer in Charleston, S.C., is donating $100,000 to establish a scholarship fund for the families of the nine men and women killed in the mass shooting at a historic black church in Charleston last month....
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Tally: Fewer minority dealerships

12:01 am U.S. ET | July 13, 2015

The number of minority-owned dealerships in the U.S. declined in 2014, a tally by the nation's largest minority dealers association shows....
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Painter: 'A very deliberate step on our part'

12:01 am U.S. ET | July 13, 2015

For TrueCar CEO Scott Painter, the split with dealership giant AutoNation is about the need for data to support market transparency. When AutoNation wouldn't supply that data, the relationship had to end....
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