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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
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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
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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
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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
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Online Auto Insurance: Allstate Acquisition Signals Shift in Sales Approach

LOS ANGELES — Allstate Insurance’s recent announcement that it has wrapped up its acquisition of Esurance and Answer Financial highlights ongoing changes in the way consumers are shopping for auto coverage—and the opportunities those ch
Oct 27, 2011
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UAW-Chrysler Group National Labor Agreement Ratified by Members

Auburn Hills, Mich. – Chrysler Group LLC confirmed this week that a new national labor agreement, covering 26,000 employees, has been ratified by the UAW-represented workforce in the U.S. New four-year labor agreement continues Company’s forw
Oct 27, 2011