Publicly-listed Sonic Automotive Inc. saw third quarter net income from continuing operations rise 12.7 percent to $27.1 million, helped by a boost from its One Sonic-One Experience customer... Read more
A five-acre mixed-use complex which will include auto dealerships is scheduled to open in downtown Toronto in Ontario, Canada in 2017 which will include Ford Lincoln, Toyota Scion, Hyundai,... Read more
Publicly-listed AutoNation Inc. saw third quarter net income from continuing operations rise 12 percent to $119 million, led by domestic segment income rising 23 percent to $95 million, the... Read more
Publicly-listed AutoNation Inc., subject to manufacturers’ approval, will acquire the Allen Samuels Auto Group of Waco, Tex. which includes 12 stores with 31 franchises in Texas and ad... Read more
Tesla is already on the road to ruin because it is bleeding cash, has securitized assets, and a distribution model that is a proven failure, Bob Lutz writes in Road&Track here: Share thi... Read more
MCLEAN, Va. (Oct. 27, 2015) – Employee compensation and productivity at new-car dealerships increased across all job positions in 2014, according to a new report released today by the Nation... Read more
Publicly-listed Group 1 Automotive Inc. reported third quarter net income of $46 million, up 15.7 percent on total revenue of $2.3 billion up 6.6 percent, the automotive group reported here:... Read more
NEW-CAR SALES TO JUMP 12 PERCENT IN OCTOBER 2015; HIGHEST OCTOBER VOLUME SINCE 2001, ACCORDING TO KELLEY BLUE BOOK Analysts Increase Sales Forecast to 17.4 Million SAAR for 2015; Compact Uti... Read more
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