For at least the second time this month, a group listed among Auto Remarketing’s top dealership groups for used sales has made a sizable business acquisition. On Thursday, Kenny Ross Automotive Group announced it has acquired the four-dealership Hamilton Automotive of North Huntingdon, in a deal worth between $8 and $10 million. The news was […] [Read More]

A $100 million investment, 400 new jobs and a lot more Lexus vehicles coming off the line — that’s the word from Toyota Motor Manufacturing Canada Inc. this week. In the company’s second major expansion announcement this year, Toyota said it will hire 400 new employees and make the investment at its Cambridge, Ontario facility […] [Read More]

With used-vehicle sales up by double digits, Lithia Motors stressed the importance of trade-ins to dealers as the company highlighted its second-quarter results. Used-vehicle retail same-store sales increased 20 percent, and Bryan DeBoer, president and chief executive officer, highlighted that the company is focused on acquiring more trade-ins for its stores in an effort to […] [Read More]

Two of Chrysler Group’s most popular models — the Ram 1500 and the Jeep Grand Cherokee — are now the subject of separate probes by the National Highway Traffic Safety Administration’s Office of Defects Investigation. Nearly 337,000 vehicles are included in documents posted on SafeCar.gov; announcements that cover the 2009 and 2010 Ram 1500 and […] [Read More]

Hyundai Hope On Wheels announced this week a 2012 5K Run/Walk Series that will travel to three U.S. cities. The series was launched in a continued effort to raise awareness and research funds for  pediatric cancer, officials explained. After holding a well-received inaugural 5K event in Orange County last year, Hope On Wheels shared it […] [Read More]

The effects of the March 2011 earthquake and tsunami in Japan on the auto industry are well documented, along with a plummet in Japanese automaker loyalty rankings. Now, according to Experian Automotive, Toyota and Honda are rebounding, as each OEM saw strong comebacks in corporate loyalty in first quarter 2012 Toyota finished third in overall […] [Read More]

Reporting second-quarter earnings this morning, Asbury Automotive Group pulled up used retail sales by 6 percent and increased overall used revenue by 7 percent. This was part of a period when Asbury hit its best-ever quarter earnings per share from continuing operations ($0.69), while increasing net income from $14.2 million to $21.1 million on a […] [Read More]

The U.S. House of Representatives passed a bill Monday that removes what sponsors call an obsolete federal mandate requiring the distribution of a booklet reporting motor vehicle insurance costs, a measure fervently supported by the National Automobile Dealers Association. NADA says the bipartisan legislation, introduced by U.S. Reps. Gregg Harper (R-Miss.) and Bill Owens (D-N.Y.), […] [Read More]

Businesses and communities alike are coming to the aid of victims in one of the most deadliest shootings in American history. And among this group reaching out to those affected by last week’s tragedy in Aurora, Colo. is a local dealer. Bozarth Auto Dealerships announced today that it has started a fund to help assist […] [Read More]

Sonic Automotive generated the largest used-vehicle retail volume in company history during the second quarter as the company’s dealerships turned 27,528 units, up from 26,799 units in the year-ago span. The volume jump helped Sonic to post a 4-percent gain in used-vehicle revenue, according to the company’s financial statement released on Monday. Sonic’s second-quarter earnings […] [Read More]