Incentives, excess new-car inventory, put a drag on used vehicle values
An increase in new-car incentives and “channel stuffing” -- excess new-vehicle inventory on dealers' lots -- caused used-vehicle prices to slip 1 percent in November, according to one closely watched used-vehicle price index released today.
AutoNation's about-face draws fire from 2 Senate Democrats
A duo of Senate Democrats who've introduced legislation aimed at preventing the sale of used vehicles with unrepaired safety recalls blasted AutoNation Inc.'s reversal of its 16-month ban on the sale of such vehicles at its dealerships.
Penske to expand used-car stores
Penske Automotive Group has launched its own line of standalone used-car stores with the planned purchase of CarSense, which owns five used-only stores in the Philadelphia, Pittsburgh and southern New Jersey.
AutoNation retreats on used-car recall policy
AutoNation is reversing its policy prohibiting the sale of used vehicles with open recalls after concluding that Donald Trump's election victory doomed prospects for recall reform.
Ford could owe store a decade of spiffs
Ford Motor could owe a Maine dealership, Darling's Ford, millions of dollars in damages after failing to provide proper notice of a change in an incentive program more than 10 years ago.
Autonomous features ripe for misunderstanding
So what could go wrong with car salespeople demonstrating semiautonomous technology to customers new to self-driving vehicles? In some cases, plenty. And it's emerging as a concern.
Dealer Teddy Morse on his 'trial by fire'
After his father's death in July, Teddy Morse, 41, took over his family's dealership group, founded by his grandfather in 1963. In this Q&A, he talks about his baptism by fire, the personnel policies he learned from his father and grandfather and other matters.
Mike Jackson, unscripted
AutoNation Inc. CEO Mike Jackson met with Automotive News' editorial staff last week for a wide-ranging discussion on the industry and the company. Here are highlights.
Texas auto auction company acquired by Capital Partners for XLerate Group
Huron Capital Partners, a Detroit investment group, has acquired a Texas-based auto auction for one of its portfolio companies, the Indianapolis-based XLerate Group, which runs online and onsite auto auctions.
GM: All four brands deliver as sales rise 10%
General Motors posted its largest year-over-year U.S. sales increase of 2016, as all four brands achieved retail gains but fleet deliveries rose for the first time in more than a year.
Penske acquires used-only dealership group
Penske Automotive Group is adding used-only vehicle dealerships. The nation’s second-largest auto retailer has signed a deal to acquire CarSense, a stand-alone retailer of used vehicles with stores in Philadelphia, Pittsburgh and southern New Jersey.