The millennials are coming
So you thought millennials didn’t care about owning cars? Think again. They’re the fastest-growing segment among vehicle buyers and are likely to represent about 40 percent of the U.S. new car market by 2020.
Why did they buy? Millennials explain
Millennials won't compromise on technology
Sonic Q4 net income rises 21%; shares rise 9.3%UPDATED: 2/21/17 4:20 pm ET -- adds stock close
SUV discounts signal flagging demand, eroding auto profits
eBay survey: 63% of car shoppers likely to buy online
How Enterprise recruits future leaders
FCA's plan to add stores riles dealers
Ally's Q4 net income falls 5.7%
Wal-Mart says auto retailing venture won't sell cars directly
Wal-Mart's venture into auto retailing won’t involve selling cars directly, nor will it partner directly with dealers. Instead, the nation’s largest retailer will lease space in select stores to its partner, CarSaver, an online auto retail platform, much as it leases space to McDonald’s and others.
Forecasts call for mostly sunny '17
Automakers manage to keep stocks under control
VW diesel settlement extends to auto lendingUPDATED: 1/13/17 1:02 pm ET - adds VW statement
Volkswagen's settlement in connection with its diesel emissions scandal has spilled over into the vehicle-financing business. VW has agreed to pay $50 million in civil penalties to settle alleged violations of the law, after the Justice Department essentially charged it with tapping U.S. markets to finance fraud.
Bain closes on purchase of MSX International
Cadillac's Project Pinnacle has initial $800 million price tag
Cadillac's effort to transform its retailer network, known as Project Pinnacle, will cost $800 million in its first three years, the brand's chief says. Pinnacle, which starts April 1, overhauls how dealerships earn payments from Cadillac for meeting brand standards.
BEST PRACTICES: Lexus dealership cultivates wrap artists
JM Lexus began its own wrapping business, JM Custom Creations, with a Lexus LS wrapped in a chrome-like design. Now it takes personal requests from car buyers and commercial orders from outside companies.
Penske to buy U.K. used-only dealership group CarShop
Cadillac offers 'vehicle subscription' service for $1,500 a month in NYC
Cadillac will launch a new “vehicle subscription” service next month that allows customers access to its vehicles for a flat monthly rate, no financing or leasing required. The Book by Cadillac service will launch Feb. 1 for drivers in the New York metropolitan area.
AutoNation to hire nationwide next Tuesday
Edmunds ramps up mobile strategy, redesigns site
Edmunds, kicking off the new year with a mobile-first strategy, has unveiled a new logo and launched a redesigned website. It also dropped the “.com” from Edmunds to signify that the company “has grown beyond a pure website.”