Trending Auto Retail News

LIBERTYVILLE, Ill. -- VW Credit, Inc. (VCI), a subsidiary of Volkswagen Group of America Inc., recently broke ground for a 30,000-square-foot expansion of its Libertyville facility. The multimillion-dollar expansion, to be completed early next year, will accommodate...

NEW YORK -- Ally Financial Inc. (Ally) recently reported net income of $310 million for the first quarter of 2012, compared to a net loss of $206 million in the prior quarter and net income of $146 million for the first quarter of 2011.  The company reported core...

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...

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...

HOUSTON -- Group 1 Automotive, Inc., 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 increase, on a...

Torrance, Calif. – Celebrating its 10TH  year of recognizing the top auction sites across the country, Toyota Financial Services (TFS) and Lexus Financial Services (LFS) has awarded its 2011 Premier Auction Award, the company’s highest recognition of excellence in the...

CHARLOTTE, N.C. --Sonic Automotive, Inc. (NYSE: SAH), one of the nation's largest automotive retailers, has reported 2012 first quarter earnings from continuing operations of $19.5 million for a 24% increase over the prior year results. Earnings from continuing...

ANKENY, IOWA – Chevrolet/Buick/GMC Certified Pre-Owned Vehicles honors Karl Chevrolet as the nation’s top-performing certified pre-owned dealership for 2011. It is the sixth consecutive year the dealership has received the National Sales Leader Award. 1,529 Certified...

NEW YORK -- Sirius XM Radio and Hyundai Motor America today announced that participating Hyundai dealers will give customers across the United States a three-month SiriusXM subscription when they purchase a pre-owned vehicle, regardless of manufacturer, equipped with...

SANTA MONICA, Calif. -- TrueCar.com, the authority on new car pricing, trends and forecasting, today released its April 2012 sales and incentives forecast.  The forecast shows the following: For April 2012, new light vehicle sales in the U.S. (including fleet) is...