As domestics increased their share of consumer interest and sales during the third quarter — while imports saw consumer interest fall — one particular Big 3 brand moved ahead of a Detroit rival to top the brand share rankings on NADAguides.com. Reaching the No. 1 spot on the site during the period was Chevrolet, which […] [Read More]

In a period that saw the dealership group’s same-store used- and new-vehicle sales climb double-digits, Lithia Motors enjoyed nearly a 70-percent spike in income from continuing operations during the third quarter, the retailer reported Wednesday. Specifically, Lithia posted income from continuing operations of $16.3 million, up from $9.6 million a year ago. Quarterly revenues from […] [Read More]

A study that came out today from Gfk Automotive revealed that dealers and OEMs might have a hard time fostering brand loyalty among the younger generations. The Gfk Automotive Intentions and Purchases Study — which monitors consumer demand for vehicles — showed that car buyers from the X and Y generations may be more concerned […] [Read More]

Asbury Automotive Group established another record used-to-new sales ratio during the third quarter, when the group saw its used-vehicle retail revenues shoot up 19 percent, including 14 percent from same-store results. Asbury reported adjusted income of $14.3 million Wednesday, or 44 cents per diluted share. In the same quarter a year earlier, the company’s adjusted […] [Read More]

Earlier this week, Motor Trend revealed its 2012 SUV of the Year, culminating 10 days of introductions for each of the contenders vying for this year’s honor. The winning model was the Land Rover Range Rover Evoque. Motor Trend believes the all-new Evoque is a radical departure from Land Rover’s more traditional offerings. Offered in both […] [Read More]

Dealer Tammy Darvish was quite surprised to see the news. On Tuesday, Consumer Reports had just panned three of Ford’s new models for “blemishing” the brand’s reputation as “a model of American reliability.” The publication ranked the Ford brand 20th in its overall reliability rankings released Tuesday, and it said the 10-spot decline was driven […] [Read More]

Although it still faced the hurdles of Japanese supply shortages and economic challenges, Group 1 Automotive managed to achieve close to a 24-percent spike in adjusted net income and saw growth across the board. What’s more, Group 1 notched a record for  F&I gross profit per unit, which came in at $1,156. “We are pleased […] [Read More]

Cherokee Automotive Group recently announced that the Used Car Week Conferences — the National Remarketing Conference, the CPO Forum and the Re3 Conference — are on track to set new attendance records this year. Organizers are also urging attendees to make hotel reservations as soon as possible, since rooms at the Red Rock Casino, Resort […] [Read More]

Sonic Automotive’s used-vehicle department continues to be a catalyst for overall success as the company now has generated 10 consecutive quarters of double-digit growth in both used revenue and volume. Company executives highlighted Tuesday that their third-quarter used vehicle revenue shot up 17 percent year-over-year, while used volume climbed 16 percent. The used-vehicle performance helped […] [Read More]

Dealers advertising their used vehicles on Kelley Blue Book’s Kbb.com now have another tool at their disposal that can help foster greater transparency and consumer confidence. Thanks to a deal between KBB and Experian Automotive, dealers can add in Experian’s AutoCheck vehicle history reports to their listings on Kbb.com. These reports contain information on whether […] [Read More]