Retail

LEADERSHIP CRISIS AT VOLKSWAGEN

Piech exit to shake up VW's politburo, creating U.S. opportunity

April 27, 2015 12:00 CET

The sudden departure of VW Group Chairman Ferdinand Piech may loosen his politburo-style management on the automaker, which could help VW finally start making cars Americans want to buy....
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Whole lotta wholesalin' goin' on

12:01 am U.S. ET | April 27, 2015

Soaring new-vehicle sales for the last few years mean that used vehicles are more plentiful. Dealers have become more selective about the vehicles they stock, and more willing to wholesale the ones they cull....
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SHANGHAI AUTO SHOW: PRICED TO SELL

China's cheap car strategy for the U.S.

12:01 am U.S. ET | April 27, 2015

Wu Song, boss of China's Guangzhou Automobile, says his cars need to be 30 percent cheaper than rivals to make it in America. If everything goes his way, GAC will test his pricing strategy with the U.S. launch of its GS4 crossover in 2017....
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BEST PRACTICES

Small VW store delivers top customer ratings

12:01 am U.S. ET | April 27, 2015

Attention to detail and personal contact by the owners of a small, 50-year-old Volkswagen dealership in rural Pennsylvania helped it earn the brand's top scores for customer satisfaction in 2014....
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'RATIONAL EXUBERANCE'

Industry revels in good times but manages to avoid overdoing it

12:01 am U.S. ET | April 27, 2015

There are many signs suggesting the U.S. auto industry is on a positive, sustainable track, but perhaps the most reassuring sign is the kind of caution that dealers and manufacturers are showing amid the boom....
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Public dealerships plan for growth

12:01 am U.S. ET | April 27, 2015

AutoNation, Sonic, Asbury and Lithia gave updates on their new projects as they reported generally robust first-quarter earnings. Here's what they said....
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Audi tests 2 car-sharing concepts in U.S.

12:01 am U.S. ET | April 27, 2015

Audi On Demand is a car sharing pilot in San Francisco where consumers book an Audi rental from a smart phone app, and a concierge delivers and picks up the car. Audi at Home in Miami will place Audis at high-end condo buildings for residents to use as perk....
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Recalled program cars vex GM, hurt profits

12:01 am U.S. ET | April 27, 2015

Late last year, General Motors decided to hold off on auctioning many of its retired rental vehicles because of depressed prices. But lower prices on the sale of program vehicles - those that the automaker took back after they were retired from rental fleets - hurt GM's first-quarter operating profit by about $400 million, the company said....
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Google prods stores to ease mobile shopping

12:01 am U.S. ET | April 27, 2015

Google nudged dealerships last week to make their websites friendly to users of smartphones and other mobile gadgets. The giant search engine, a key cog in most dealerships' marketing strategies, changed its search formula or algorithm....
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Obituaries

12:01 am U.S. ET | April 27, 2015

Tom Anderson, who owned Carrera Motors in Bend, Ore., died April 8. He was 72....
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NADA: Used-vehicle retail prices will rise more

12:01 am U.S. ET | April 27, 2015

Data from the National Automobile Dealers Association show the continued strength of used-vehicle prices in 2014. NADA's top economist says that strength could continue for another year or 18 months....
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25 with Hyundai

Dealers

12:01 am U.S. ET | April 27, 2015

Christopher Gleason, general manager of Price Hyundai in Charlottesville, Va., receives a 25-year award from Dave Zuchowski, CEO of Hyundai Motor America....
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Manheim expands its mobile auctions

12:01 am U.S. ET | April 27, 2015

Manheim is expanding its mobile auction business, which the company says could grow to 20 percent of its revenues eventually from less than 5 percent today....
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EDITORIAL

Succession plans: Be flexible and get started now

12:01 am U.S. ET | April 27, 2015

Soaring values of automobile dealerships are a boon to hard-working entrepreneurs who have built successful businesses. But, increasingly, dealers whose succession plans rely on selling to family members or general managers are being forced to rethink options....
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Toyota: Output of fuel cell cars will top out at 3,000 a year

12:01 am U.S. ET | April 27, 2015

Japanese customers have a three-year wait for Toyota's new Mirai hydrogen fuel cell car, because the automaker can't make more of the cars. Using existing manufacturing technology, Toyota predicts output will top out at 3,000 fuel cell cars a year....
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Futurist sees self-driving cars as a given

12:01 am U.S. ET | April 27, 2015

Self-driving cars aren't just possible. They're inevitable, says Ray Kurzweil, the inventor and futurist who's now director of engineering for Google....
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RFJ buys Dave Smith Auto

12:01 am U.S. ET | April 25, 2015

Fast-growing dealership group RFJ Auto Partners is expanding in the Northwest by buying Dave Smith Auto Group, which operates two of the highest-volume stores in the U.S. RFJ, backed by private equity, aims ultimately to become one of the biggest dealership groups in the country....
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JAMIE LaREAU

BLOG: Uber might trump the cost of car ownership, but not leasing…yet

12:01 am U.S. ET | April 25, 2015

Most dealers probably don’t lose sleep with worry that Uber, the popular app-based service that pairs private drivers with riders, will usurp car ownership anytime soon despite Uber’s ambitions to make it so....
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Mazda quarterly profits fall on currency losses while sales rise

6:41 am U.S. ET | April 24, 2015

Profits fell at Mazda in the January-March quarter, undercut by higher outlays for marketing and factory startups and foreign exchange losses, despite rising sales....
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Toyota makes noise with Mirai hydrogen fuel cell vehicle

10:18 am U.S. ET | April 24, 2015

For all its silence, Toyota's Mirai hydrogen fuel cell vehicle actually can be pretty noisy. Ironically, that is because the car is propelled by a whispering electric motor that allows the driver to pick up sounds that might otherwise be droned out. And the distinct whirring and intermittent clicking are unique to its hydrogen drivetrain....
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MIKE COLIAS

BLOG: Buick chief says new China duties won't distract from 'a lot more to do' in U.S.

6:00 am U.S. ET | April 24, 2015

In the year since he took over the Buick and GMC brands in the U.S., Duncan Aldred has made a lot of fans among dealers....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Plug-ins poised to be Europe's top electrified drivetrain

April 24, 2015 06:01 CET

Plug-in hybrid cars are forecast to outsell standard hybrids by 2019 and reach 1.2 million sales annually in Europe in 10 years. The rapid rise will come as automakers strive to meet tougher European CO2 rules that start to take effect in 2020....
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Valeo posts quarterly sales gain on Europe, China

April 24, 2015 11:56 CET

Valeo's first-quarter revenue rose 15 percent, lifted by sales growth in Europe and China. The supplier sees vehicle production rising about 3 percent globally in 2015, with the same figure expected in Europe, excluding Russia....
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Haldex first-quarter profit rises 37%

April 24, 2015 11:10 CET

Swedish supplier Haldex said operating profit rose 37 percent in the first quarter to 115 million Swedish crowns (12.2 million euros) as the company repeated its forecast for markets to grow at a slower pace this year....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Suzuki sees Vitara as its best-seller in Europe

April 24, 2015 06:01 CET

Suzuki expects the new Vitara to become its best-seller in Europe because of its more mainstream look, roomy interior and better fuel economy....
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