The average franchised dealer pulled in total revenue last year that was more than 12 percent stronger than 2010, with pre-tax net profits soaring nearly 24 percent. That’s according to the NADA Data 2012 report issued Monday, which the National Automobile Dealers Association put out as its annual state-of-the-industry look at dealer financial trends. [Read More]

Sirius XM Radio and Penske Automotive Group Inc. announced Tuesday that they have expanded their partnership to include pre-owned vehicles. The deal will be available to Penske Automotive customers who purchase any pre-owned vehicle with a factory-equipped satellite radio, through 154 franchises at 119 dealerships located across the United States. Rob Kurnick, president of Penske […] [Read More]

In an effort to involve the community, as well as ramp up its social media presence, one dealership is thinking outside the of the box. To ring in the summer, Stoops Buick GMC is holding a community scavenger hunt on Saturday, that will last throughout the day. The Plainfield, Ind., dealership will be awarding cash […] [Read More]

This week marks the launch of two new Dealer 20 Groups, part of a 10-group addition for franchised auto dealers announced Monday by NCM Associates. Launching Thursday and Friday is a Kia 20 Group, which will conduct its organizational meeting, moderated by Jeff Bethel, at NCM Associates’ headquarters here. Getting under way the same days […] [Read More]

Nissan and Infiniti recently opened their largest U.S. training facility, a brand new operation in New Jersey consisting of 31,000 square feet and aimed at serving dealerships in the Northeast region. When assessing the site, Nissan Americas vice chairman Bill Krueger said, “Making sure that we have service technicians, service advisers, sales people trained on […] [Read More]

Celebrating the OEM’s successful partnership with Internet marketing company Trilogy Smartleads, Hyundai hosted a vehicle giveaway marking a milestone sale. One lucky shopper picked up the keys to a free 2012 Hyundai Sonata, commemorating the 50,000th OEM sale originating from Trilogy SmartLeads. The 50,000th lead came from Cars.com, officials shared. And the company revealed last […] [Read More]

In the latest development in a legal clash that’s been going on for close to two years, dealers from five states filed a lawsuit against Indian truck manufacturer Mahindra & Mahindra and its U.S. counterpart accusing fraud, misrepresentation and conspiracy. The lawsuit alleges Mahindra duped hundreds of U.S. dealers and walked away with more than […] [Read More]

It was revealed late last week that luxury electric vehicle automaker Fisker Automotive has joined forces with Penske Automotive Group, which was one of the dealer groups to make it onto the list of “Top 125 Used-Car Dealership Groups” in the June 15 print issue of Auto Remarketing. Serving Arizona and the surrounding region, Penske […] [Read More]

The National Automobile Dealers Association announced Thursday the U.S. House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade passed H.R. 5859, a bill that eliminates a requirement that dealers provide information on auto insurance costs to customers. Officials explained that the bill, which is strongly endorsed by NADA, also eliminates a $1,000 fine per […] [Read More]

Dealers have a new opportunity to influence their position in online search results with a just-announced tool that presents their inventory to a unique audience of car buyers. Kelley Blue Book, in partnership with its parent company, AutoTrader.com, on Thursday announced its new Classifieds shopping experience on Kbb.com, as an innovative way for dealers to […] [Read More]