Dealers
UPDATED: 10/23/18 4:21 pm ET - adds stock close

Asbury net income surges on gains in F&I, parts and service

Asbury Automotive's net income surged in the third quarter, driven by increases in the company's finance and insurance and parts and service business lines. The company also lifted its revenue.

UPDATED: 10/23/18 4:21 pm ET - adds stock close

Dealers sue Mazda over multi-tier bonus plan

Florida dealership Kuhn Mazda and the New Jersey Coalition of Automotive Retailers are suing Mazda Motor of America Inc. in two lawsuits alleging its new Mazda Brand Experience Program 2.0 violates state franchise laws and includes price discrimination.

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AutoNation: Which new products need boost?

Next year, AutoNation will be ready to hand off its brand extension strategy to a new leader and decide in which elements of the brand extension to invest its capital and management expertise.

Dealers sue Mazda over multi-tier bonus plan

Florida dealership Kuhn Mazda and the New Jersey Coalition of Automotive Retailers are suing Mazda Motor of America Inc. in two lawsuits alleging its new Mazda Brand Experience Program 2.0 violates state franchise laws and includes price discrimination.

Amid unease, dealers get clearest look yet at Ford's restructuring plan

Dealers got the clearest look to date at CEO Jim Hackett's restructuring plan. Executives vowed to freshen showrooms through shorter product development cycles. They also revealed plans to add affordable nonsedan models to the lineup, raise profit margins by altering vehicle allocations and launch an edgy advertising campaign that plays up Ford's history.

In with the new (but keep the old)

Automakers are usually all about what's new -- new product, new technology, new brand image. But they're also pragmatic businesses willing to milk profits out of vehicles overdue for a refresh.

Dealer anniversaries

Dealers featured this week include Gus Brown, dealer principal of Gus Brown Buick-GMC in Whitby, Ontario as well as Mike Anderson, left, president of Anderson Ford-Lincoln in Lincoln, Neb.

Ohioan in line to lead NADA

Ricart, 61, CEO of Ricart Automotive Group near Columbus, was elected last week as NADA's next vice chairman, putting him in line to become chairman in 2020.

UPDATED: 10/19/18 4:24 pm ET - adds stock close
Ford summons its swagger, shifts marketing focus to keeping loyalists

Ford is shifting its focus from winning new customers to persuading current owners to stick with its namesake brand. The new marketing approach, designed to rebut the impression that Ford is abandoning owners of Fusions and Fiestas as it stops developing new sedans, is part of a sweeping plan that the automaker's leadership team laid out to its North American dealers this week.

OEConnection to buy Britain's Bluegrasscoms

OEConnection, which specializes in helping dealers buy and sell auto parts, has agreed to acquire Bluegrasscoms, a Newbury, England company that provides many of the same services.

Walmart partners with Advance Auto Parts

Walmart announced a partnership with Advance Auto Parts that will create an automotive specialty store on Walmart.com. The news comes one day after its competing retailer Sears filed for bankruptcy.


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