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Colorado Auto Dealers Find Support in Legislature

According to Denver Business Journal, Colorado auto dealers find support in legislature. Colorado legislators once again are siding with local car dealers over national auto makers. At a hearing late Wednesday, every member of the Senate Judiciary Co
Apr 26, 2013

J.D. Power, LMC: Replacement Demand Driving Up New-Vehicle Selling Rate in April

According to F&I and Showroom… WESTLAKE VILLAGE, CA — The new-vehicle retail sales pace in April remains in a healthy holding pattern as buyers continue to replace aging vehicles, according to a monthly sales forecast developed by J.D. Po
Apr 24, 2013

Lithia Motors Reports EPS of $0.84 for First Quarter 2013, an Increase of 42% Over Prior Year Adjusted EPS; Increases 2013 Outlook

MEDFORD, OR – Lithia Motors, Inc. (NYSE: LAD) today reported 2013 first quarter income from continuing operations was $21.9 million, or $0.84 per diluted share. This compares to 2012 first quarter adjusted income from continuing operations of $
Apr 24, 2013

Fisker Fails to Make $10M Payment to Energy Department

According to The Detroit News Fisker fails to make $10 million dollar payment to the energy department. Washington — Struggling start-up automaker Fisker Automotive Inc. did not make a $10 million loan payment to the Energy Department on Monday as
Apr 23, 2013

Extended Auto Loans Break 8 Year Mark, May Also Break Bank

According to Business Insider, increases in car price lead to increases in loans, and therefore the time to pay them off. Loan terms, which originally began at 32 months, now can range all the way to 96 months, or 8 years. Financial experts suggest t
Apr 19, 2013

FTC Amends Alternative Fuels Rule to Make Compliance Easier

The Federal Trade Commission has issued final amendments to the Alternative Fuels Rule, consolidating the labels required on alternative fuel vehicles (AFVs) with those required by the U.S. Environmental Protection Agency (EPA), eliminating the need
Apr 19, 2013

Supply Chains Act to Hit Retailers in California and Other States

Federal legislation is taking a hint from California’s recent act that requires businesses to disclose activity and financial statements in efforts in eradicating human trafficking and slavery from direct supply chains. Dealers fall under the r
Apr 19, 2013

AutoNation Reports All-Time Record Quarterly EPS from Continuing Operations

EPS from continuing operations an all-time record(1) $0.68, up 21% compared to the year-ago period Total revenue of $4.1 billion, up 12% compared to the year-ago period, increasing across all major business sectors; operating income of $169 million,
Apr 19, 2013

Lithia Motors Reports Lowest PEG Ratio in Automotive Industry

From SIP Trunking, the three companies in the Automotive Retail industry with the lowest Price to Earnings to Growth (PEG) Ratios get a revue. Lower peg ratios indicate more improvement, stock and expected growth. Of those ranked, the lowest include:
Apr 19, 2013