Jamie LaReau

Retail / F&I Reporter

Address: 1155 Gratiot Ave.
48207-2997 Detroit
Follow: Twitter Jamie LaReau RSS feed
Phone: 313-446-1637
E-Mail: jlareau@crain.com

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Recent articles
Penske Q2 net income rises 18% on strong gains in all segments
7:30 am U.S. ET | July 30 | UPDATED: 7/30/14 4:02 pm ET - adds details, link
Penske Automotive Group's second-quarter net income rose 18 percent from the year-earlier period on higher new- and used-vehicle unit sales. ...

Another hole-in-one gives California dealer a second chance
2:41 pm U.S. ET | July 29
For eight years, Folsom Lake Kia and Folsom Lake Ford near Sacramento have sponsored charity golf tournaments without anyone ever hitting a hole-in-one. ...

Asbury to double pace of acquisitions
12:01 am U.S. ET | July 28
Asbury Automotive Group Inc. aims to double its acquisition pace during the next 18 months. ...

Group 1 Q2 profit tumbles 55% on Brazilian problems
9:47 am U.S. ET | July 24 | UPDATED: 7/24/14 3:49 pm ET - adds stock close
Group 1 Automotive today said its second-quarter net income tumbled 55 percent from a year earlier to $16.9 million, dragged down by a struggling economy in Brazil which ...

Lithia Q2 profits hit record highs
8:39 am U.S. ET | July 23 | UPDATED: 7/23/14 4:17 pm ET - adds details, correction
Lithia Motors today reported the highest adjusted quarterly net income in the company's history -- a 29 percent surge to $35 million -- on higher revenues and cost contro ...

Honda asks dealers to add service
12:01 am U.S. ET | July 21
Griffith Motors is one of hundreds of Honda and Acura dealers that American Honda is asking to add service bays, hours or both by 2018 to accommodate the automaker's fore ...

Golfer gets a hole-in-one; dealer whiffs
12:01 am U.S. ET | July 21
A California Kia dealership was basking in the glow of its sponsorship of a hole-in-one challenge at an annual charity golf tournament when the unthinkable happened. ...

Napleton sues JLR, dealership group over failed acquisition
12:01 am U.S. ET | July 12
The sale of 5 Long Island dealerships to a Miami lawyer and entrepreneur has touched off a legal fight involving Jaguar Land Rover and an Illinois dealership group that t ...

At Miami store, no more 'beat up' customers
12:01 am U.S. ET | July 2
F&I managers at Dadeland Dodge-Chrysler-Jeep in Miami are responsible for the gross profits from both vehicle sales and F&I and handle vehicle purchase negotiations with ...

Group 1 sues Florida dealership over buy-sell dispute
3:54 pm U.S. ET | June 26 | UPDATED: 6/26/14 5:03 pm ET - adds Prestige comments
Group 1 Automotive thought it had a done deal to buy an Audi store in North Miami Beach from Prestige Motor Car Imports for $72 million. But Prestige said no. ...

GM's Mary Barra is a woman. Get over it
4:15 pm U.S. ET | June 26
I learned some shocking news this morning watching “Today” with Matt Lauer. General Motors CEO Mary Barra is a woman. ...

The DCH deal: How Lithia will absorb its new asset
12:01 am U.S. ET | June 23
CEO Bryan DeBoer will transform Lithia Motors Inc., the smallest of the publicly traded dealership groups, with his planned purchase of DCH Auto Group Ltd. But it won't b ...

New era afoot for dealership M&As?
12:01 am U.S. ET | June 23
Lithia's purchase of DCH Auto Group will have major implications on the buy-sell market going forward. It could spark more activity, perhaps prompting bigger dealership g ...

Oil boom fuels battle for service techs
12:01 am U.S. ET | June 16 | UPDATED: 6/17/14 2:39 pm ET -- Correction
In North Dakota, Texas, Alaska, Oklahoma and elsewhere, the energy industry's incredible growth since the mid-2000s has forced dealers to innovate to find and keep servic ...

With Gen Y, where is online selling headed?
8:07 am U.S. ET | June 14
Imagine buying a car while picking up milk and eggs. Bryan Murphy’s friend did that. His story illustrates how comfortable Gen Y buyers are buying anything online - ...

At Miami store, no more 'beat up' customers
12:01 am U.S. ET | June 9
F&I managers at Dadeland Dodge-Chrysler-Jeep in Miami are responsible for the gross profits from both vehicle sales and F&I and handle vehicle purchase negotiations with ...

Why next year's GM-UAW handshake promises to be strikingly different
3:53 pm U.S. ET | June 6
The 2015 labor talks between the Detroit 3 and UAW will be unique. For the first time in history, the hands that reach across the negotiation table for GM and the union w ...

GM dealers: Recalls put bonus at risk
12:01 am U.S. ET | June 2
Some General Motors dealers worry that an onslaught of safety recalls could jeopardize their quarterly incentive bonuses. ...

Penske store tests no-haggle pricing
12:01 am U.S. ET | June 2
Penske Automotive Group Inc. has begun no-haggle pricing at a Toyota dealership near Phoenix on new and used vehicles, trade-ins and finance and insurance products. ...

Study shows federal regulations cost dealers billions, jobs
6:00 am U.S. ET | May 30 | UPDATED: 6/2/14 4:03 pm ET -- adds details
Franchised new-car dealers in the United States spent a combined $3.2 billion in 2012 to meet federal regulations, a new report found. ...

Retailers want piece of huge used-car market
12:01 am U.S. ET | May 26
The used-car business is hot, prompting franchised new-car dealers across the nation to pay more attention than ever to their used-vehicle operations, in some cases openi ...

GM dealers fret about brand damage, prep for service windfall
12:01 am U.S. ET | May 26
For dealers, General Motors' record barrage of safety recalls is a startling, confusing, aggravating logistical headache. It's also potentially lucrative. ...

GM dealers grapple with stop-sale orders on busy weekend
12:39 pm U.S. ET | May 21
General Motors dealers are heading into one of their busiest weekends of the year unable to deliver some of their most popular vehicles: large crossovers. ...

Dealers: Money's great, but where's the fun?
12:01 am U.S. ET | May 12
A growing number of dealers are selling their stores because of the ever-increasing pressures of running a modern-day dealership. ...

Economies of scale, cost of capital position groups to buy small rivals
12:01 am U.S. ET | May 12
A lone mid-sized dealership spends $35,000 a year on shop supplies. Across town, a rival store, owned by a large dealership group, spends $30,000 for the same supplies. ...

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