Sales & Variable OPS
NBA All-Star Blake Griffin Travels Back In Time To Give Prescient Advice To His Younger Self In New Ad Campaign From Kia Motors
IRVINE, Calif. -- With the 2012-13 NBA season about to tip off, Kia Motors' global brand ambassador, superstar Blake Griffin, is back in a series of humorous new television commercials featuring the fast-growing automaker's best-selling Optima midsize sedan and...
Will Hurricane Sandy Impact October Car Sales?
When asked about the impact Hurricane Sandy will have on October car sales, Edmunds.com Sr. Analyst Jessica Caldwell said: “The storm likely will have an impact on October sales, especially since it comes at the end of the month, but those sales won’t disappear...
Chrysler Group Third-Quarter 2012 Net Income Increased To $381 Million
Third-Quarter Modified Operating Profit Increased 46 Percent To $706 Million Auburn Hills, Mich. - Chrysler Group LLC today reported preliminary third-quarter financial results, including net income of $381 million, an increase of 80 percent from the same quarter a...
Polk To Offer Aftermarket Insight During AAPEX, SEMA Shows
SOUTHFIELD, Mich. -- Polk executives will share key automotive aftermarket insight as part of the upcoming Automotive Aftermarket Products Expo (AAPEX) and Specialty Equipment Market Association (SEMA) Show in Las Vegas. Polk presentations will include insight based...
Group 1 Automotive Reports Parts and Service Gross Profit Increased 8.1%
HOUSTON -- Group 1 Automotive, Inc., a Fortune 500 automotive retailer, reported record 2012 third-quarter net income of $31.3 million and record diluted earnings per common share of $1.32 for the period ended Sept. 30, 2012. Net income increased 31.6 percent from the...
Mopar to Highlight Magneti Marelli Offered by Mopar Products at AAPEX Show
Auburn Hills, Mich. - Mopar will show off its “Magneti Marelli Offered by Mopar” parts for all vehicle makes when automotive aftermarket industry leaders and innovators gather at the 2012 Automotive Aftermarket Products Expo (AAPEX), scheduled for Oct. 30 – Nov. 1 in...
Sonic Automotive Reports Parts and Service Gross Profit Up 1.7%
CHARLOTTE, N.C. -- Sonic Automotive, Inc. reported 2012 third quarter adjusted earnings from continuing operations of $23.1 million for a 14.9% increase over the prior year results. Adjusted earnings from continuing operations per diluted share increased 17.6% to...
Lithia Motors Reports Service, Body and Parts Sales Increased 6%
Lithia Motors Reports EPS of $0.90 for Third Quarter 2012; Provides Guidance for 2013 EPS of $3.11 to $3.21; Lithia Motors Declares $0.10 per Share Dividend for Third Quarter 2012 MEDFORD, OR -- Lithia Motors, Inc. (NYSE: LAD) today reported 2012 third quarter income...
Auto Industry Recovering Slowly, but it is Recovering
A few weeks ago, I saw an article that painted a not-so-rosy outlook for the automotive industry. Some analysts downgraded their forecast for annual sales by about 500,000 units. On an emotional level, I understand why some people had a negative reaction. After all, a...
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