On the heels of announcing the acquisition of three more franchises in California, Penske Automotive Group revealed Monday it has turned its focus to the East Coast with the purchase of Mercedes-Benz of Greenwich, located in Greenwich, Conn. The company noted the acquisition represents approximately $150 million in estimated annual revenue. The new franchise joins […] [Read More]

The Larry H. Miller Group of Companies officially opened the doors to its used-car superstore in Boise, Idaho, on Monday, marking the state’s fourth LHM dealership. The LHM Used Car Supermarket encompasses what the company calls the most up-to-date design innovations with the aim to offer best consumer experience. Managing the dealership is Nicolas Hourani, […] [Read More]

Last Friday, SoCal Penske added another nameplate to its stable of franchise dealerships, unveiling Penske Chevrolet of Buena Park. The new dealership is located in the Buena Park Auto Center in Buena Park, Calif. SoCal Penske explained it was awarded the Chevrolet franchise to fill an open market for Chevrolet in Buena Park. Executives emphasized […] [Read More]

Last week marked the launch of AutoBuying 101, and the site also revealed the results from its Auto Buying Experience Study that covered the "best" and "worst" aspects of buying a car, among other areas. The site aims to be the “essential consumer guide on how to get the best deal on new- and used-auto […] [Read More]

Strong support from dealers. Positive reaction from consumers. A robust Canadian used-car market. These were but a few of the many reasons cited by leaders at several automakers in Canada for healthy certified pre-owned sales in June and throughout the first half of 2011. And to shed a bit of light on how they achieved […] [Read More]

The leasing market continued to show much of the same trends spotted throughout the last several months, as lease penetration was steady from May and approached the 20-percent mark, according to J.D. Power and Associates. Specifically, leases represented 19.7 percent of new-vehicle sales for June, up from 19.1 percent the previous month and 18.2 percent […] [Read More]

In an attempt to put independent dealers on equal footing with their franchise counterparts, the National Independent Automobile Dealers Association is urging Congress to pass the Motor Vehicle Owners’ Right to Repair Act. NIADA explained the act would require automakers to make the same service information and tools capabilities available to independent repair shops that […] [Read More]

Touting the model has an “elegant design and overall appearance, combined with ample space, smooth driving performance, a plethora of intuitive technology features and an extensive list of safety features,” NADAguides.com went with a domestic offering as its Car of the Month for July, picking the 2011 Chrysler 300. Analysts at NADAguides.com indicated they first […] [Read More]

In an effort to speed up manufacturing after the Japanese tsunami and quake, Toyota Motor Corp. and subsidiaries Toyota Auto Body Co. Ltd. and Kanto Auto Works Ltd. announced a deal Wednesday that will convert the latter two facilities into wholly-owned subsidiaries of Toyota via share exchanges. Moreover, Kanto Auto Works, Central Motor Co. Ltd. […] [Read More]

Thanks to strong demand within international markets during the second quarter, BMW Group now expects annual business performance and earnings will be significantly better than previously forecasted. The automaker raised its sales volume and earnings forecast for the current financial year earlier this week. OEM officials believe 2011 unit sales will increase above 10 percent […] [Read More]