Dealers

NBA All-Star Weekend boosts Autotrader's new site

Autotrader took advantage of its long-standing NBA sponsorship to promote its redesigned website and set a record in online traffic during All-Star Weekend.


Ballooning costs of parts drive car thefts

When it comes to making a buck on the black market, a car in pieces -- not intact -- may yield bigger gains for car thieves nationwide.

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MORE DEALER NEWS ACCESS F&I BEST PRACTICES FIXED OPS
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.

BMW ups dealers' loaner subsidy

BMW's new U.S. boss kicked off the year by increasing a subsidy payment to dealers and making strides on an effort to simplify the automaker's incentive policies.

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