Dealer OPS & Leadership
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 in the prior year quarter. Third...
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 diluted share. Third...
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 diluted share, versus...
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 adjusted net income of...
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 Mobile Site Study(SM). The...
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 the most stylish, practical and...
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 the most researched...
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 early 2012. Parents have...
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 changes present for coverage...
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