Penske Automotive Group announced a record second-quarter and six months, which was driven in part by growing used retail sales and success in the service and parts business. According to the conference call to discuss Q2 and six-month results, chairman Roger Penske reported the company retailed 49,500 used units in the quarter, representing an increase […] [Read More]

Stores that are a part of Larry H. Miller Dealerships in Colorado are joining with Denver’s 9NEWS and the Volunteers of America (VOA) for the 14th annual “Stuff for Students” school supply drive. During the entire month of August, officials highlighted the seven Larry H. Miller Dealership locations statewide will be collecting essential school supply […] [Read More]

Penske Automotive Group announced Wednesday it just concluded the best quarter and six months in company history. Second-quarter revenue was up 12.3 percent to $4.9 billion, while year-to-date revenue soared by 11.8 percent to come in at $9.4 billion. The company explained this revenue spike was driven by a 7.1-percent increase in retail auto sales, including […] [Read More]

As new-car sales aren’t experiencing the usual summer slump, lease approvals are on the way up as well as we approach August. According to lease marketplace Swapalease.com, lease credit approvals experienced a “healthy rebound” from June levels this month. Lease approvals are up 3.5 percent from June to an overall approval rate of 72 percent, […] [Read More]

Calling the integration of DCH Auto “ahead of expectations,” Lithia Motors modified its earnings guidance and hinted at where the dealer group might expand next because of the successes of bringing those other 27 stores into its portfolio. Lithia chief executive officer Bryan DeBoer acknowledged that the company originally expected to realize synergies from the […] [Read More]

The National Automobile Dealers Association announced today its fierce opposition of an amendment potentially headed for the Senate floor this week that would prohibit the retail sale of used vehicles with an open recall. The NADA as well as the American International Automobile Dealers Association and the National Association of Minority Automobile Dealers sent a […] [Read More]

Last month, some of the sportier Subaru models were proving hard to find, but in June, dealers may have been hard pressed to locate a number of Audi’s niche popular models for customers. According to Autotrader’s June scarcity report, which lists certified pre-owned and used vehicles in high demand and low supply nationally as well […] [Read More]

Franchised dealers and exhibitors who go to the National Automobile Dealers Association’s largest event each year now can plan to enjoy the amenities of Las Vegas more regularly. NADA’s board of directors recently announced that the NADA and ATD Convention and Expo will be held in Las Vegas every two years instead of once every four […] [Read More]

Last year, there was the ignition issue in older General Motors vehicles. Then earlier this year came faulty Takata airbags that impacted Honda as well as more than a half dozen automakers. Now in the past couple of days, Fiat Chrysler is buying back units and being forced to pay nine-figure penalties. Recalls are keeping […] [Read More]

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]