Retail
 

Nissan Q1 earnings jump 58% on strong U.S. sales, weak yen

4:36 am U.S. ET | July 29, 2015
Nissan said first-quarter operating profit soared 58 percent, lifted by strong vehicle sales in the U.S. and China as well as a weak yen which boosted the value of earnings overseas.

Average age of U.S. fleet hits record 11.5 years, IHS says

7:00 am U.S. ET | July 29, 2015
The average age of light vehicles on the road in the U.S. reached a new all-time high of 11.5 years at the end of 2014, while the total light vehicles in operation hit a record 257.9 million, up 2.1 percent from 2013, IHS Automotive said today.

Penske Automotive Q2 earnings rise 29.5%

9:06 am U.S. ET | July 29, 2015
Penske Automotive Group Inc. reported second-quarter net income rose 29.

Nissan backs away from dealer ad attacking Trump for denouncing Mexican immigrants

9:00 pm U.S. ET | July 28, 2015
Nissan distanced itself from a controversial ad created by a California dealership that shows store managers whacking away at a Mexican piņata...

Ally's Q2 auto lending flat despite GM pullback

1:12 pm U.S. ET | July 28, 2015
Ally Financial's second-quarter auto lending originations declined just 1 percent from a year earlier to $10.

VW passes Toyota for global sales lead in first half

2:26 am U.S. ET | July 28, 2015
Volkswagen surpassed Toyota to become the biggest automaker by deliveries in the first half.

As dealership sales climb, margins slide

12:01 am U.S. ET | July 27, 2015
On the surface, second-quarter results from five publicly traded dealership groups last week were solid.

JASON STEIN

Store renovation blues are back

12:01 am U.S. ET | July 27, 2015
If you think you've just been transported to February 2012, you're right.

TrueCar works on relationships

12:01 am U.S. ET | July 27, 2015
TrueCar's dealer relations ranks are getting a tune-up this summer, with a longtime industry insider leaving and two new execs joining the company.

BEST PRACTICES

Tomes' 10-foot rope a measure of success

12:01 am U.S. ET | July 27, 2015
At Bob Tomes' Ford and Subaru stores in McKinney, Texas, any staffer who gets within 10 feet of a customer must greet them and ask them about their...

Volvo, industry flex their CPO sales muscles

12:01 am U.S. ET | July 27, 2015
At the half-year mark, industrywide sales of certified used vehicles stood at 1,275,411, up 13 percent compared with the same period last year.

Dealers

12:01 am U.S. ET | July 27, 2015
Dealers featured this week include members of the Brasher family at Brasher Motor Co.

SHAREHOLDER VALUE REPORT

Retailers, suppliers pace 2nd-quarter shareholder returns

12:01 am U.S. ET | July 27, 2015
Shareholder returns among global automakers in the second quarter drooped in a down global economy, but U.S.

Pickups are picking up premium price tags

12:01 am U.S. ET | July 27, 2015
Last week, Ford introduced a Limited version of the F-150 that will start at about $60,000 and will likely top $70,000 when loaded with options.

Energy prices, flood waters are no match for Group 1

12:01 am U.S. ET | July 27, 2015
From the outside, one might assume Houston's Group 1 would be hurting.

Cars add bling, value versions to fight crossovers

12:01 am U.S. ET | July 26, 2015
As rising sales of crossovers continue to pull buyers away from middle-of-the-road sedans, automakers are scrambling to make their high-volume,...

Car haulers fight driver shortage

12:01 am U.S. ET | July 25, 2015
Long wait times to pick up cars and paperwork contributes big-time to car-hauler driver job dissatisfaction.

NADA to hold convention in Las Vegas every other year

8:33 pm U.S. ET | July 24, 2015
The National Automobile Dealers Association it will hold its annual convention in Las Vegas every other year through 2022, the association said...

TrueCar calls second quarter a 'wake-up call'; shares plunge

9:20 pm U.S. ET | July 23, 2015
TrueCar's CEO warned the online car-shopping company will miss its previous guidance on second-quarter earnings, calling the shortfall a...

Group 1 profit up 20% on record revenue

7:45 am U.S. ET | July 23, 2015
Group 1 Automotive reported strong second quarter earnings, thanks to rising vehicle sales and firm pricing in the U.S.

Weak U.S., China sales dent Hyundai earnings

1:54 am U.S. ET | July 23, 2015
Hyundai's net profit slumped for the sixth quarter in a row as weak sales in key markets, including the U.S.

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