Trending Auto Retail News
Joe Verde’s Virtual Online Training Hits Milestone As Subscribers Complete More Than Seven Million Chapters
ORANGE COUNTY, CALIFORNIA – On April 27, 2012, subscribers to JVTN®, Joe Verde’s automotive virtual sales and management training network, have reached a milestone by completing training for more than 7,000,000 million chapters. Since 1985, Joe Verde Sales &...
MANHEIM PROMOTES JOE GEORGE TO SENIOR VP Digital and In-Lane Product Development
ATLANTA – As part of its continuing focus on serving customers in any way they choose, Manheim announced the promotion of Joe George to senior vice president, digital and in-lane product development. The new position is an expansion of George’s previous role as group...
First Ford Dealers Certified to Sell Focus Electric with EPA Rating of 110 MPGe City
DEARBORN, Mich. -- The first Ford dealers have been officially certified to sell the company's first all-electric car -- the 2012 Ford Focus Electric -- America's most fuel-efficient five-seater with an EPA rating of 110 MPGe city that is capable of being recharged in...
Chrysler to Lease 33,000 Square Feet & Rename Historic Dime Building in Detroit Chrysler House
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 its Great Lakes Business Center...
Kelley Blue Book: April New-Car Sales Recovery Demonstrates Continued Strength At 1,148,000 Units, 14.0 Million SAAR
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 account for a less than 1...
Group 1 Automotive, Inc. Parts and Service Revenues Increased 9.3%
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 $0.97, a 51.6 percent...
Asbury Automotive Group, Inc. Reports Parts and Service Gross Profit Up 7%
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 diluted share, versus adjusted...
Penske Automotive Reports Service and Parts Up 0.7%
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 shareholders increased...
AAA Study: Cost of Owning and Operating Vehicle in U.S. Increased 1.9%
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 per mile, or $8,946 per year, based...
Ford Earns First Quarter Pre-tax Operating Profit of $2.3 Billion
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 performance in North America...
Ford Credit Earns $295 Million Net Income In The First Quarter Of 2012
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 $713 million in the...
Kelley Blue Book: Rising Used-Car Values Aid New-Vehicle Sales
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 April 2012...
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