Dealers

Manheim bolsters its vehicle-valuation tool

The Manheim Market Report has been bolstered to deliver more detailed valuations of used vehicles and thus streamline the remarketing process.

Carvana posts $39 million Q2 loss as business expands

Carvana reported a $39 million net loss in the second quarter, more than double the loss recorded in the same period a year ago, as revenue escalated 142 percent for the online retailer.


Cox sheds staff through layoffs, retirements

Cox Automotive, which has made a flurry of acquisitions in recent years, is reducing its workforce by roughly 3 percent, according to an internal memo obtained by Automotive News.

Sign up for our daily newsletter

We'll send you the top news of the day each weekday afternoon.

MORE DEALER NEWS ACCESS F&I BEST PRACTICES FIXED OPS
Genesis plans clean break from Hyundai

Hyundai's fledgling Genesis brand wants out of the nest -- now. This month, the brand plans to announce a new retail strategy for the U.S. that will accelerate its separation from the Hyundai marque.

Penske bullish on used-car ventures

When Penske Automotive agreed to buy CarSense in the U.S. and CarShop in the U.K., Chairman Roger Penske said he was "cautiously optimistic" about the used-car ventures. He has since dropped the "cautiously."

It's time to rethink hiring

As the retail experience evolves and incorporates more technology, how dealerships hire, train and retain talent in all departments will have to change, too. Here's how.

Toyota solves its pickup puzzle

The scarcity of Tacomas has allowed competitors such as the Chevrolet Colorado and Honda Ridgeline to cut sharply into Toyota's market share. A new partnership with Mazda will help.

How Hyundai enlisted more minority dealers

In 2011, Hyundai ranked seventh among automakers in terms of minority-owned dealerships in the U.S. Hyundai since has shot past Toyota, Honda and Nissan in its minority-dealer count. Here's how.

C-HR makes an impact on landing

There are certainly critics of Toyota's new aesthetic, but customers seem to like it so far, and not just because it's the first Toyota product to come in this size and shape.

Newsletters