Sonic Automotive said Tuesday that it not only enjoyed a rather robust fourth quarter, but closed the period with its most profitable month ever. The company released quarterly and full-year earnings results Tuesday, and indicated that adjusted net income for the fourth quarter was $16.55 million, compared to an adjusted net loss of $7.24 million […] [Read More]

Fueled by both new- and used-vehicle same-store unit sales jumping more than 20 percent, Asbury Automotive Group revealed the specifics of its fourth-quarter rise in adjusted income from continuing operations. Executives stated that enhanced sales performance pushed Asbury to a fourth-quarter adjusted income total of $12.4 million or 37 cents per diluted share. In the […] [Read More]

Remember when gas prices stood at $1.20 per gallon, typical financing topped 10 percent APR and airbags emerged as the latest safety technology? Hyundai Motor America recalled those industry benchmarks and more as the automaker celebrated its 25th anniversary in the U.S. this past weekend. During the past 25 years, the automaker tallied that it […] [Read More]

Toyota Motor Sales finally settled the issue about what do you call more than one Prius. In a campaign started last month during the North American International Auto Show in Detroit, Toyota declared the plural form of its hybrid unit now is Prii. The automaker explained the general public came to the consensus of Prii […] [Read More]

With vehicle histories being extremely important to the transparency of the used-vehicle market, AIM Mobile Inspections says it can help make sure that used models are in good condition before being purchased by dealers or consumers. As vital and helpful as used-vehicle history reports can be, they can only reflect the information that has been […] [Read More]

Jeep now has a lot of friends — on Facebook. Along with receiving another regional award for one of its models, brand officials recently learned they’ve reached and surpassed 1 million fans on Facebook, claiming to be the first domestic brand to accomplish this achievement. In collecting more than 1 million fans on its Facebook […] [Read More]

Auto Remarketing’s inaugural Certified Pre-Owned Dealer of the Year received an unexpected marketing boost from one of Hollywood’s most famous actresses. Paragon Honda’s Brian Benstock reportedly has been flooded with inquiries because of what Jennifer Aniston did during a recent episode of The View. According to a Brandweek report, Aniston was asked during the TV show […] [Read More]

Dozens of former Chrysler dealers are suing the federal government for $130 million “for the alleged taking of their franchise business,” according to a statement from the dealers’ attorneys released late last week. Sixty former Chrysler dealers are involved in the suit against the U.S. government, which was filed Thursday in the U.S. Court of […] [Read More]

Saab Automobile announced last week that it tapped an executive from Lindab Group, a Swedish company providing products and systems for the construction industry, to be its new chief financial officer. Taking on the role is Nils-Johan Andersson, who the automaker says has more than 20 years of experience in corporate finance, financial planning, accounting […] [Read More]

While it seems that the auto industry isn’t likely to hit the 16 million mark for new-vehicle sales anytime soon, this milestone isn’t necessarily “out of reach,” according to CNW Research president Art Spinella, who shared some trends about consumer spending habits in the latest Pulse Edition of his company’s Retail Automotive Summary. “The chances […] [Read More]