What Does the Dealership Do With My Traded-In Car?
You’ve finally picked out the new car you’ve wanted at the dealership. Now you’re signing the papers to trade in your current car for this newer vehicle you’ve been eyeing. Once you get that money for your trade-in and hand ov.....»»
Kansas, Nebraska dealership groups granted trials in hail damage dispute
Two Great Plains dealership groups have won the right to trials on assertions their insurers wrongfully refused to fully reimburse them for repairing hail-damaged vehicles......»»
The top 5 stories of the week: Stellantis job cuts; inside a dealership family feud
A glance at the top auto industry stories of the week......»»
AutoNation to slow used-car outlet expansion, analyst says
The dealership giant is slowing the rate of expansion for its standalone AutoNation USA stores as it deals with used-car supply challenges, according to JPMorgan......»»
Asbury battling FTC allegations of violations related to F&I product sales
The Federal Trade Commission has accused Asbury Automotive of violating the FTC Act and Equal Credit Opportunity Act in the dealership group's vehicle protection product sales. Asbury denies the allegations......»»
Texas appeals court sides with Mercedes-Benz dealership in lawsuit
The Texas Court of Appeals has refused to revive a lawsuit accusing a Mercedes-Benz dealership of deceptive practices in servicing two vehicles......»»
Two shot after confrontation at Alabama Hyundai dealership
Two people were shot in the store's parking lot and taken to the hospital, where one man died of his injuries......»»
Why consumer distrust of dealerships runs high
There is a gap between perception and reality when it comes to dealership pricing and financing, according to the KPA 2024 Dealership Trust Survey......»»
F&I gross profit per vehicle down for 4 of 6 publics in Q4
Same-store finance and insurance gross profit per car sold fell at four of the top six franchised auto dealership groups in the fourth quarter compared with a year earlier. AutoNation was the only major new-vehicle public retailer to grow F&I profit.....»»
Technology can boost dealership efficiency in a softening market
Reynolds President Chris Walsh spoke with Automotive News Executive Editor Jamie Butters during the NADA Show in Las Vegas......»»
Gen Z buyers are a unique opportunity for car dealership F&I office
Younger buyers' appetite for F&I presents dealerships with an opportunity, but their strategy should not be wholly digital like some might expect......»»
U.S. Jaguar new-vehicle franchise count drops 25% in 2023, Land Rover adds stores
The number of U.S. new-vehicle Jaguar franchises fell 25 percent in 2023 while Land Rover added franchises, according to the Automotive News dealership census......»»
Ineos waits for San Francisco Bay Area dealership to open
Ineos Automotive, which has just the Grenadier SUV on sale at the moment, has been operating without a key U.S. location: Silicon Valley......»»
Franklin McLarty, Frank Figueredo form new dealership group
Auto retail veterans Franklin McLarty and Frank Figueredo plan to lead Coastal Automotive Management to $1 billion in annual revenue within 10 years......»»
Lithia Motors downplays $50B 2025 revenue target, stresses earnings per share growth
Lithia Motors Inc. CEO Bryan DeBoer is downplaying his dealership group's goal to reach $50 billion in revenue by 2025 and is focused more on another benchmark......»»
The internet is obsessed: Zendaya and Timothée Chalamet match for "Dune: Part Two" promo
Zendaya and Timothée Chalamet sport matching pink and blue coveralls for 'Dune: Part Two' promo in South Korea. Zendaya and Timothée Chalamet traded in stillsuits for matching pastel coveralls to promote Dune: Part Two in South Korea. T.....»»
Lawsuit claims N.Y. Chevrolet dealer backed out of contract to sell
The prospective buyer of a Fort Montgomery, N.Y., store has sued the dealership for allegedly breaking a contract to sell its assets and real estate......»»
Cadillac Lyriq receiving software update in March
Cadillac is rolling out a software update for the 2023 Lyriq EV in March that will include improvements to its universal remote and glove box controls. The software will be updated at the dealership......»»
AutoNation integrating RepairSmith with its used-vehicle stores
The publicly traded dealership group acquired RepairSmith in 2023 and is now integrating it with its standalone AutoNation USA used-car stores......»»
Lithia net income down 13%, revenue at record $7.7 billion in Q4
Lithia Motors Inc. Q4 2023 earnings: Car dealership group reached a record $7.7 billion in revenue but saw net income fall to $216 million......»»
Ohio dealership develops ‘playbook" to show technicians their career path
Ryan Haskell, fixed ops director at Jeff Wyler Honda of Colerain in suburban Cincinnati, created a detailed, goal-oriented playbook technicians could follow all the way to master technician status......»»