Auto Retail News

BLOOMFIELD HILLS, Mich. —Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, announced today record third quarter adjusted income from continuing operations and related earnings per share. For the third quarter 2012,

A little effort now can save a lot of money later The most common calls I get are usually related to new managers or major obsolescence issues, but every so often I am asked to review the inventory of a prospective buy-sell dealership. I have to admi

American Suzuki announced late yesterday that it is filing for bankruptcy and will withdraw from the U.S. market. Edmunds.com Senior Analyst Jessica Caldwell offers the following reaction: “No one should be surprised by this announcement, given

The day has come and you’re ready to hire a social media manager. You’ve come to the point in your store’s marketing growth where you have many social channels, lots of conversation and can’t find the time to write valuable content or review

In the past several months, I’ve spent a great deal of time discussing and researching the current and future challenges confronting dealers. This work has fed my upcoming third book, “Velocity overdrive: The road to reinvention.” It highlights

Nothing turns my stomach more than a retail business person who whines the old saw ‘you can’t fight Santa Claus.’ For the past 30 years I’ve worked with great dealers that turned their respective marketplaces upside down by doubling, tripling

Not many dealerships can say their original showroom’s façade was designed by Henry Ford, or that the chandelier hanging there now was a gift from him. Then again, not many dealerships are candidates for the national registry of historic buildings

CHANTILLY, Va. – BIA/Kelsey, advisor to companies in the local media industry, forecasts U.S. mobile local advertising revenues to grow from $664 million in 2011 to $5.8 billion in 2016, representing a compound annual growth rate of 54.2 percent. B

Market Research Sheds Light on New Car Buyers and Social NetworkingCINCINNATI — More than one in four new car buyers visit social networking sites at least weekly, according to research released today by Friedman-Swift Associates, a national m