NAMAD: Prepare for declineSat, 30, Jul 2016
The National Association of Minority Automobile Dealers is taking industry predictions of slowing new-vehicle sales seriously.
Lincoln's selling an experience at the luxury mallSat, 30, Jul 2016
Lincoln has a new gambit to regain brand awareness among luxury shoppers. It's located between a Starbucks and a spa offering a "15-minute laser and light facial."
Slight gains expected for July U.S. sales as analysts lower outlooks for 2016Fri, 29, Jul 2016
U.S. new light-vehicle sales are forecast to rise slightly in July, helped by an extra weekend and sharply higher discounts from some automakers, amid more warnings the market is leveling off. Demand for new cars and light trucks is expected to rise about 0.45 percent in July, compared with a year ago.
AutoNation expands TrueCar pilot, in latest sign of reconciliationFri, 29, Jul 2016
After getting good results in an initial pilot program, AutoNation will expand its use of TrueCar to at least 23 more dealerships. After a bitter break in 2015, the third-party lead provider could be back in place at all AutoNation stores by the end of the year.
AutoNation Q2 profit slips 2.7% on lower unit salesFri, 29, Jul 2016
AutoNation's net income dropped 2.7 percent to $112 million in the second quarter as it sold fewer vehicles and saw same-store gross profits from three of its four business operations fall.
Group 1's Q2 profits flat, hit by storm expensesThu, 28, Jul 2016
Group 1 Automotive's net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S. declined, but profits per unit retailed rose.
Lithia's Q2 net rises 0.4% on used, service and parts gainsThu, 28, Jul 2016
Lithia Motors' second-quarter profit and revenue increased, mostly as a result of gains in volume of used-vehicle sales and service and parts business.
Sonic Automotive's Q2 net income surges 54%Tue, 26, Jul 2016
Sonic Automotive's adjusted net income surged 54 percent in the second quarter to $22.8 million, largely on cost controls, as revenue and new-vehicle unit sales fell.
Penske Automotive's Q2 net slips 0.7% on currency, interest costs.Thu, 28, Jul 2016
Penske Automotive's net income in the second quarter eased 0.7 percent from the year-earlier quarter to $95.0 million, on currency losses and higher floorplan and other interest costs.
GM unveils plan to add minority dealersMon, 25, Jul 2016
GM laid out an aggressive plan at the National Association of Minority Automobile Dealers conference to add 10 minority-owned dealerships per year, net, to its retail network for the next five years.
Cars.com will buy DealerRater to create review giantTue, 26, Jul 2016
Third-party shopping site Cars.com will buy DealerRater -- a platform where consumers can write reviews about salespeople, dealerships and service shops -- creating what Cars.com says will be the largest dealer-review forum in the industry.
NextGear Capital will finance vehicle purchases at CarMax auctionsWed, 27, Jul 2016
NextGear Capital will finance dealers' purchases of used vehicles at CarMax's 68 auction locations starting Aug. 8.