Sonic Automotive’s board of directors announced Monday the shifting of several executive-level positions within the company, including a new chief executive officer. Taking on the role of CEO for the group is Scott Smith, complementing his other roles. Bruton Smith was also named as an executive chairman. David Smith will continue to serve as Sonic’s […] [Read More]

A little storytelling to grab potential shoppers’ attention on the Web goes a long way these days. That’s according to the summer J.D. Power 2015 Manufacturer Website Evaluation Study released Monday that highlights how storytelling can help drive auto shopper customer satisfaction. The semiannual study showed that OEMs are moving away from static text and […] [Read More]

Group 1 Automotive’s second quarter, from the perspective of used vehicles retailed in the United States, was solid. Overall unit sales were up 18.2 percent. Revenue and gross profit were up on an overall used-vehicle retail basis, as well. But there was at least one retail used-vehicle metric that the dealer group’s president and chief […] [Read More]

A spokesperson for Fiat Chrysler Automobiles indicated to Auto Remarketing that exact details still are being finalized on what’s going to happen with the trucks and SUVs the OEM is being instructed to buy back as part of a consent order with the National Highway Traffic Safety Administration that was announced over the weekend — […] [Read More]

Group 1 Automotive recently released its second quarter financial results, highlighting an 18.2 percent increase in retail used-vehicle unit sales in Q2. That was an increase of over 4,000 vehicles, bringing the second quarter total to 26,835 used vehicles retailed in the United States. One of the largest jumps came in used-vehicle retail sales revenue, […] [Read More]

Fiat Chrysler Automobiles swiftly responded to an online report of hackers being able to take control of an SUV remotely through the radio system by rolling out a voluntary safety recall to update software in approximately 1.4 million U.S. vehicles equipped with this certain technology. FCA US officials insisted the recall aligns with an ongoing software […] [Read More]

Mazda North American Operations (MNAO) announced last week that a recent donation of an exclusive 2016 MX-5 Launch Edition donated by Mazda Drive for Good to the St. Jude Children’s Research Hospital raised $50,000 for the charity. The fundraiser was held during the inaugural St. Jude Hope in the Hamptons event held on July 11. […] [Read More]

TrueCar held a preliminary second quarter results conference call last week for investors in light of expected losses. During the call, management made a point to explain it’s important to discuss what is contributing to these predicted losses, but also “what did not happen.” Scott Painter, TrueCar’s chief executive officer and founder, shared with listeners […] [Read More]

General Motors said in a filing with the Securities and Exchange Commission on Thursday that the automaker received notice of an investigation by the Federal Trade Commission concerning certified pre-owned vehicle advertising. The notice — which came on June 3 according to the OEM’s document — stems from where dealers certified vehicles that allegedly still […] [Read More]

On Wednesday, Ally Financial announced that it will renew its exclusive sponsorship of the TIME Dealer of the Year program through 2021. Ally and TIME also officially opened the nomination period for the 2016 TIME Dealer of the Year program, encouraging nominations at last week’s annual Automotive Trade Association Executives (ATAE) Summer Conference in Dearborn, […] [Read More]