Auto Retail News

Detroit – Chrysler Group LLC  announced that for the first time in its history, the Company will have an office presence in downtown Detroit. Chrysler Group will rename the historic Dime Building – Chrysler House – as it plans to move i

IRVINE, Calif. — Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, projects new-vehicle sales to reach 1,148,000 units, or 14.0 million seasonally adjusted sales rate (SAAR), in April 2012.  This will

HOUSTON — Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 500 automotive retailer, has reported record first-quarter 2012 net income of $23.1 million, a 49.1 percent increase, and record first-quarter diluted earnings per common share of $0.9

DULUTH, Ga.   — Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., has reported income from continuing operations for the first quarter 2012 of $18.0 million, or $0.57 per dilute

BLOOMFIELD HILLS, Mich. –Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, announced the most profitable first quarter in Company history. First quarter 2012 income from continuing operations attributable to common

ORLANDO, Fla. — AAA released the results of its annual ‘Your Driving Costs’ study today revealing a 1.9 percent rise in the yearly costs to own and operate a sedan in the U.S. The average costs rose 1.1 cents per mile to 59.6 cents

DEARBORN, Mich., April 27, 2012 /PRNewswire/ —  Ford Motor Company [NYSE: F] reported 2012 first quarter pre-tax operating profit of $2.3 billion, or 39 cents per share, and net income of $1.4 billion, or 35 cents per share, led by strong perf

DEARBORN, Mich.– Ford Motor Credit Company reported net income of $295 million in the first quarter of 2012, compared with $451 million a year earlier.  On a pre-tax basis, Ford Credit earned $452 million in the first quarter, compared with

IRVINE, Calif. — Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, today reports that rising used-car values are aiding new-vehicle sales.  According to Kelley Blue Book’s Blue Book Market Report for