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Dealership Profits Decline
While new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
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SEARCHMENUSEARCHWhile new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
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Former AFG/CareGard executive Guy Koenig has been named president of GSFSGroup.
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Ryan Nelson has been promoted from national sales manager to vice president of business development for National Automotive Experts and NWAN Inc.
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Analysts say a late start to the spring selling season could be to blame for a third consecutive monthly decline in Black Book’s Used Vehicle Retention Index.
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Sources say administration officials demanded automakers get onboard with President Trump’s plan to relax federal fuel-economy regulations and abandon any support for California’s stricter standards.
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Dealer mergers and acquisitions provider Dave Cantin Group has expanded its leadership team with the appointments of four regional managers.
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SaleSleeve’s weatherproof document displays will appear in Wheels Automotive Dealer Supplies’ April 2019 catalog.
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Sens. Chuck Grassley and Ron Wyden have introduced a bill that would extend federal tax credits for buying and fueling vehicles that run on ethanol, biodiesel, natural gas, hydrogen, electricity, and qualified fuel cells.
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U.S. dealers sold 1.27 million new cars and light trucks in February, a 2.9% year-over-year decline and the industry’s weakest two-month start in five years.
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Tesla CEO Elon Musk wished U.S. auto dealers 'Good luck' with mounting a legal challenge as the electric-vehicle manufacturer announced a sudden switch to an online-only retail model.
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Manheim Express Concierge was designed to deploy digital wholesaling specialists in dealerships nationwide, offering hands-on instruction, options, and advice.
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