Group 1 Automotive revealed an expansion Tuesday within its hometown, as it purchased a Houston Ford store. Group 1 will run the store as Sterling McCall Ford in its Central Region. The dealership was previously known as Freeway Ford. Officials estimated the dealership will bring in annual revenues of about $70 million. It is located […] [Read More]

OPENLANE has found its new chief executive officer. Nearly a year after it elevated one of its co-founders to serve as president, on Tuesday the auction company promoted Peter Kelly to the role of CEO, effective immediately. Last April, OPENLANE picked Kelly to take over for Clive Kinross as president. The company reiterated Tuesday that […] [Read More]

Hyundai Motor America revealed its 2010 Auction of the Year, and taking home the annual honor was Manheim Pennsylvania. Hyundai spotlighted Manheim’s flagship facility for being tops when it comes to residual values, quality and customer service. Close to 4,500 fleet, company and buyback units for the automaker were moved via Manheim Pennsylvania last year, […] [Read More]

Volkswagen of America chief executive officer Jonathan Browning said that VW  “lost our bearings” in the U.S. market after grabbing significant share here decades ago, but stressed that VW has made regaining its traction in the U.S. a “top global priority."  He also also shared the progress VW has made in the U.S. and outlined […] [Read More]

ADESA says it is wholeheartedly championing the National Auto Auction Association’s National Certification Standard program and is using ADESA.com to demonstrate how it has “embraced” NCS. ADESA has added the NCS Web icon to its website’s “Products and Services” page. The icon is meant to show site visitors that all ADESA facilities are using the […] [Read More]

Sonic Automotive said Tuesday that it not only enjoyed a rather robust fourth quarter, but closed the period with its most profitable month ever. The company released quarterly and full-year earnings results Tuesday, and indicated that adjusted net income for the fourth quarter was $16.55 million, compared to an adjusted net loss of $7.24 million […] [Read More]

Recognizing the exceptional growth in accessories sales revenues at franchise dealerships using the GM Accessories Digital Solution, General Motors and Chrome Systems announced Tuesday they’re orchestrating a new awards program honoring top-performing U.S. regional and national GM dealers and distributors.  Executives explained that  the inaugural GM Accessories Digital Solutions Dealer and Distributor Awards are geared […] [Read More]

Fueled by both new- and used-vehicle same-store unit sales jumping more than 20 percent, Asbury Automotive Group revealed the specifics of its fourth-quarter rise in adjusted income from continuing operations. Executives stated that enhanced sales performance pushed Asbury to a fourth-quarter adjusted income total of $12.4 million or 37 cents per diluted share. In the […] [Read More]

Remember when gas prices stood at $1.20 per gallon, typical financing topped 10 percent APR and airbags emerged as the latest safety technology? Hyundai Motor America recalled those industry benchmarks and more as the automaker celebrated its 25th anniversary in the U.S. this past weekend. During the past 25 years, the automaker tallied that it […] [Read More]

A swift bounce-back from the winter storms that plagued large parts of the U.S. this winter has helped push what J.D. Power and Associates predicts will be a sequential increase in the new-vehicle retail selling rate during February. Based on the February’s first 11 selling days, J.D. Power is projecting the month’s seasonally adjusted annualized […] [Read More]