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.
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.
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.
Vehicle-shopping app swipes a dating ideaMon, 25, Jul 2016
A new app allows shoppers to swipe through images of new and used vehicles gathered from more than 29,000 dealership sites across the U.S.
'Don't lose the deal': How Cox bought DealertrackMon, 25, Jul 2016
In a wide-ranging interview, Cox Automotive President Sandy Schwartz offered this peak at Cox Enterprises' $4.5 billion purchase of Dealertrack in 2015.
Cox shifts into 'integration mode' after shopping spreeMon, 25, Jul 2016
Cox Automotive will be in “integration mode for a couple of years,” after a string of acquisitions and company launches this decade, President Sandy Schwartz said.
Vehicle advancements can trigger more calls for roadside help, AAA saysThu, 21, Jul 2016
Technological and design advancements in vehicles haven’t reduced the need for drivers to seek roadside assistance and there is new evidence that they actually may be contributing to more calls for help.
No auctions for this used-car managerMon, 25, Jul 2016
A pre-owned sales manager at a Buick-GMC dealership in Ohio pays staffers $200 when they find the vehicles he wants.
Ted Morse, head of Florida dealership group, dies at 66Wed, 20, Jul 2016
Ted Morse, CEO of a longstanding, family-owned Florida dealership group, died Tuesday at Jackson Memorial Hospital in Miami. He was 66.
Larry H. Miller group eyes acquisitionsMon, 18, Jul 2016
Larry H. Miller Dealerships expects to make more acquisitions this year as it sees dealership prices stabilize.
GM puts sales-effectiveness ratings on hold in wake of N.Y. court rulingTue, 12, Jul 2016
General Motors is modifying its criteria for how it holds dealers accountable for their sales performance -- at least in New York state -- following a court ruling there that shot down GM’s preferred formula for rating dealers’ effectiveness.
In Dallas, a somber Friday for dealersFri, 08, Jul 2016
The showroom doors and service bays were open at dealerships throughout Dallas on Friday, although it was anything but business as usual following the shooting deaths of five police officers late Thursday during a downtown protest against recent shootings by law enforcement officials in Louisiana and Minnesota.