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.....»»
Toyota, Ford and Chevrolet-Buick-GMC dealerships trade hands in Q3, Q4 deals
One of the country's largest private dealership groups expanded in its home state of Florida with an October purchase......»»
AutoNation Q3 net income continues double-digit drop
The dealership giant's third-quarter net income continued double-digit declines from earlier in the year, though new-vehicle sales saw robust increases......»»
Staff-friendly time off among Bergstrom Automotive"s employee support
Bergstrom Automotive CEO Tim Bergstrom shared examples of how his Wisconsin-based dealership group has supported employee well-being during a keynote session at the Automotive News Retail Forum: Chicago......»»
Audi Bedford wins 2023 Best Dealerships To Work For
Audi Bedford, a luxury dealership in Ohio, took home overall top honors and also was the large dealership category winner in Automotive News’ 2023 Best Dealerships To Work For program......»»
Costs and time impact dealership consolidation
Industry experts talked geography, brands and 2024 predictions in a dealership consolidation panel at Retail Forum: Chicago......»»
Group 1 Q3 net income falls 16.7%; revenue grows 13%
Net income for the Houston-based dealership group fell 16.7 percent while revenue rose 13 percent......»»
Group 1 reports record revenue; net income slips
Net income for the Houston-based dealership group fell 16.7 percent while revenue rose 13 percent......»»
Wisconsin dealership group agrees to pay $1.1M to settle accusations of junk fees, discrimination
The FTC and the state of Wisconsin accused Rhinelander of charging for add-ons without customers' consent and of unfairly marking up the transactions of American Indian customers. Though it agreed to the settlement, Rhinelander denies wrongdoing......»»
Asbury Q3 net income down 17% with fewer stores
Asbury Auto Q3 2023 earnings: The car dealership group's third-quarter net income fell 17 percent from a year earlier to $169 million, while revenue dropped 5.2 percent to $3.7 billion. But Asbury had 10 fewer locations than Q3 2022, and it is about.....»»
Supplier earnings to provide early glimpse into UAW strike"s financial impact
Third-quarter earnings reports released by publicly traded suppliers in the coming days will provide a glimpse into how the UAW strike, slowdowns at the U.S.-Mexico border and other supply chain challenges are impacting supplier finances......»»
Unstoppable Automotive acquires California dealerships in Monterey, Fresno
Unstoppable Automotive's transactions included a dealership in Fresno, Calif., owned by the Haron family since 1945......»»
Reynolds attempts to win back customers one dealership at a time
Reynolds and Reynolds continues efforts to convince dealership customers that it is more customer-friendly and collaborative. The process is easier said than done, experts say......»»
Reynolds attempts to win over dissatisfied customers one dealership at a time
Reynolds and Reynolds continues efforts to convince dealership customers that it is more customer-friendly and collaborative. The process is easier said than done, experts say......»»
AutoFi: F&I transparency doesn"t impact penetration
Consumers engaging with a car protection product option on a dealership's website bought the same number of items as customers who followed a more typical car-buying process, AutoFi found in a study conducted earlier in 2023......»»
Where will F&I fall in digital retail shakeout?
Protective Asset Protection surveyed over 300 dealership executives and found 53 percent were unsure if F&I products should be for sale online......»»
Subaru store offers a different type of loaner ride
One Washington state Subaru dealership offers customers different forms of entertainment while in for service appointments......»»
Hendrick Automotive names Ally CEO Jeffrey Brown as president
Hendrick Automotive Group on Wednesday said Jeffrey Brown will step down as CEO of Ally Financial Inc. to become president of the privately held dealership group Feb. 1......»»
Lithia Motors looks closer to Pendragon acquisition
Lithia Motors' increased offer to acquire the dealership and fleet businesses of Pendragon could bring more long-term value to shareholders of the large U.K. auto retailer vs. a rival auto retailer's preliminary proposal, one analyst said......»»
Honda, Volkswagen and Chevrolet-Nissan-Honda dealerships sell in Q3 transactions
The country's largest public auto retailer and one of the largest private dealership groups were among third-quarter transactions......»»
Senators introduce bipartisan bill directing FTC to redo auto dealership regs
A new bill from Sens. Jerry Moran, R-Kan., and Joe Manchin, D-W.Va., would direct the FTC to "redo" the proposal by requiring the agency to issue an advanced notice of proposed rule-making for public input — a regulatory step the lawmakers say was.....»»