Auto Retail News

CHARLOTTE, N.C. — Sonic Automotive, Inc. reported 2012 third quarter adjusted earnings from continuing operations of $23.1 million for a 14.9% increase over the prior year results.  Adjusted earnings from continuing operations per diluted sha

Lithia Motors Reports EPS of $0.90 for Third Quarter 2012; Provides Guidance for 2013 EPS of $3.11 to $3.21; Lithia Motors Declares $0.10 per Share Dividend for Third Quarter 2012 MEDFORD, OR — Lithia Motors, Inc. (NYSE: LAD) today reported 201

A few weeks ago, I saw an article that painted a not-so-rosy outlook for the automotive industry. Some analysts downgraded their forecast for annual sales by about 500,000 units. On an emotional level, I understand why some people had a negative reac

According to the National Highway Traffic Administration’s website, BMW is recalling certain model year 2005-2008 7-Series vehicles, equipped with the Comfort Access option, and manufactured August 23, 2004, through July 24, 2008. The affected

BANGALORE, India: Taking its commitment to provide a world-class service experience to its customers,Ford India today launched its first Quick Lane service centre in India at Metro Ford in Yeshwantpur, Bangalore. With the launch of India’s first Qu

Detroit, MI. – The Consumer Electronics Association (CEA)® today announced a record number of automotive manufacturers will exhibit at the upcoming 2013 International  CES®. Seven of the top 10 manufacturers will showcase their latest technologi

Opens Door to ‘Deceptive Acts and Practices Claims’ in Business-to-Business Disputes New York, NY – North State Autobahn, Inc., a Westchester-based auto body shop, has won an important victory in the New York Appellate Division, Second D

DULUTH, Ga.– Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported income from continuing operations for the third quarter 2012 of $22.8 million, or $0.72 per diluted

PARK RIDGE, N.J. — Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that it has extended the expiration date of its previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Gr