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.
Mercedes challenged over 'Drive Pilot' TV adWed, 27, Jul 2016
Consumer and auto safety advocates have called on the FTC to investigate Mercedes-Benz over a TV commercial for the 2017 E-class, saying the ad could mislead consumers by overstating the capability of automated driving systems available on the sedan.
Elon Musk says it's 'pencils down' for Tesla's Model 3Wed, 27, Jul 2016
Tesla CEO Elon Musk said the final designs for Tesla's $35,000 electric Model 3 were locked up two weeks ago, and the company is moving forward on schedule to start producing them next summer. That was just the beginning of his remarks on Tuesday.
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.
Federal grand jury probes FCA's U.S. salesTue, 26, Jul 2016
Some of Fiat Chrysler's U.S. dealers have begun receiving subpoenas to provide documents and or testimony to a federal grand jury in Detroit as part of a probe into the company's sales reporting practices.
FCA restates U.S. sales, says winning streak ended 3 years agoTue, 26, Jul 2016
Fiat Chrysler is changing the way it reports monthly U.S. sales to make the process more transparent, and as a result of the change, said its 75-month sales streak actually ended at 41 months, in September 2013.
Store expects its used-car leasing to growMon, 25, Jul 2016
Dealer Wes Lutz took used-vehicle leasing into his own hands. He offers his customers leases on late-model used cars and trucks that, in some cases, can cut payments in half compared with purchasing a new vehicle of the same make and model.
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.
VW diesel emissions settlement approved by U.S. judgeTue, 26, Jul 2016
A federal judge granted preliminary approval for a $10 billion settlement in which Volkswagen AG will offer to buy back up to 475,000 polluting 2.0 liter diesel-powered vehicles.
Hyundai to roll out next-gen fuel cell in '18Mon, 25, Jul 2016
Hyundai will use the 2018 Winter Olympics in South Korea to showcase a new next-generation fuel cell vehicle.
Hyundai preps hot-hatch version of Elantra for U.S.Tue, 26, Jul 2016
Spy photos signal Hyundai's performance division is close to fielding its first production model for the U.S. The 2018 Elantra GT N features a lower profile and sportier styling than the standard compact hatchback.
Asbury Q2 net income falls 11%Tue, 26, Jul 2016
Asbury Automotive Group's net income in the second quarter dropped 11 percent to $36.7 million, the company said today as both new- and used-vehicle sales dropped. Revenue dipped 4 percent to $1.627 billion. Asbury said the drop was due mainly to “strategic divestitures” of select dealerships in the second half of 2015.