Former Cadillac, Penske official Jere Kitzmiller dies at 84

A factory man beloved in retail is an anomaly in the automotive business. So was Jere Kitzmiller, a longtime Cadillac employee who died last month in Newport Beach, Calif., from flu and pneumonia complications. He was 84.

Ford dealers gain access to AI tool for used-car sales

The analytics tool from Vast helps dealers identify what makes a vehicle unique.

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Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.

Dealer anniversaries

Dealers featured this week include Sheehy Auto Stores, Frank Holtham, dealer principal of Toyota of Hackensack, N.J.; Annette Racine, founder, and Michael Racine, president, of Willie Racine's Jeep in South Burlington, Vt.; and Kenneth Schnitzer, chairman of Park Place Dealerships in Texas.

UPDATED: 2/8/18 4:18 pm ET - adds stock close
Group 1 Q4 net rises on tax break

Group 1's fourth-quarter net nearly quadrupled on a one-time gain from U.S. tax changes and increasing gross profits in all of the dealership group's regions.

GPB Capital in legal fight over car dealerships

Private equity firm GPB Capital is in the middle of a legal dispute with a former business partner who allegedly reneged on the sale to GPB of a group of auto dealerships valued at about $40 million.

UPDATED: 2/6/18 4:29 pm ET - adds stock close
Asbury Q4 net falls on waning special gains

Asbury Automotive's fourth-quarter net fell, as one-time gains for the dealership group were far short of the year-earlier's extraordinary gains.

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