Auto Retail News
Capital One Auto Finance Originations Up 17%
MCLEAN, Va. — Capital One Financial Corporation (NYSE: COF) today announced net income for the third quarter of 2011 of $813 million, or $1.77 per diluted common share, compared with net income of $911 million, or $1.97per diluted common
Oct 27, 2011
Sonic Automotive Reports Used Volume Is Up 16%
CHARLOTTE, N.C. — Sonic Automotive, Inc., one of the nation’s largest automotive retailers, today reported that 2011 third quarter earnings from continuing operations were $0.33 per diluted share compared to $0.25 per diluted share i
Oct 27, 2011
Lithia Motors Reports Third Quarter 2011 New Vehicle Same Store Sales Increased 28%
MEDFORD, OR — Lithia Motors, Inc. reported 2011 third quarter income from continuing operations of $16.3 million, or $0.61 per diluted share. This compares to a 2010 third quarter income from continuing operations of $9.6 million, or $0.36 per
Oct 27, 2011
Used Vehicle Retail Revenues up 19% at Asbury
DULUTH, Ga. — Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported adjusted income from continuing operations for the third quarter 2011 of $14.3 million, or $0.44 per dilu
Oct 27, 2011
Group 1 Retail Used Vehicle Gross Profit Increased 4.9%
HOUSTON — Group 1 Automotive, Inc. a Fortune 500 automotive retailer, reported a third-quarter adjusted net income increase of 23.6 percent to $23.8 million, or $1.04 per diluted share, for the period ended Sept. 30, 2011. This compares to adju
Oct 27, 2011
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Study Finds Notable Increase in Use of Smartphones for Automotive Shopping on the Internet
WESTLAKE VILLAGE, Calif. — The proportion of vehicle shoppers who use smartphones to access automotive information on the Internet has increased by more than 40 percent from 2010, according to the J.D. Power and Associates 2011 Automotive Mobil
Oct 27, 2011
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2012 Urban Vehicles of the Year Announced
DETROIT — Decisive magazine has announced “The 2012 Urban Vehicles of the Year”; after their selection by an esteemed panel of independent automotive journalists. The Urban Wheel Awards judging panel spent several months determining
Oct 27, 2011
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kbb.com Reveals Best Total Cost of Ownership Vehicles
IRVINE, Calif. — Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, today reports the vehicles with the best Total Cost of Ownership among cross-shopped models for the Chevrolet Cruze and Honda CR-V, two of
Oct 27, 2011
Ford’s New MyKey Do Not Disturb Technology Helps Teens Stay Connected to Driving, Not the Phone
DEARBORN, Mich. — Ford will become the first automaker to allow parents to block their teens from receiving phone calls and deter text messages while driving with a new MyKey® Do Not Disturb technology that launches on the Ford Explorer in
Oct 27, 2011