Latest from Joseph Lichterman
How many retail lenders should a dealership have? The issue is complicated by memories of the recession, when many dealerships found themselves abandoned by longtime financing partners.
General Motors dealers responded positively today to news that Mary Barra will be the automaker's next CEO. They also praised the promotions of Mark Reuss to head of product development and Alan Batey to lead the automaker's North American operations.
Asbury Automotive said that Keith Style will become the company's CFO, effective Jan. 1. Style, now Asbury's vice president of finance, will replace CFO Scott Krenz, who is retiring.
How many retail lenders should a dealership have? The issue is complicated by memories of the recession, when many dealerships found themselves abandoned by longtime financing partners.
More than half of new-car shoppers are willing to consider buying a certified pre-owned vehicle, up from 43 percent a year ago, an AutoTrader.com study released today says.
Recalls provide opportunities for dealerships to bring customers into the service department, build customer loyalty and encourage maintenance business.
AutoNation today said its net income increased 13 percent in the third quarter on a 14 percent rise in revenue. Sales of new and used vehicles were up by double-digit percentages, and revenues rose for all operations.
Asbury Automotive Group today reported a 10 percent increase in net income in the third quarter on a 17 percent rise in revenue. Used-car operations paced both revenue and profits.
Upon retiring from the Army after tours in Iraq and Germany, Greg Milner was looking for a job that would allow him to spend more time with his family. And he found one at Park Place Lexus Grapevine in suburban Fort Worth, Texas, where he started as a salesman in 2007.
When an employee at Friendship Chrysler-Jeep-Dodge-Ram of Bristol needed help paying for a medical procedure, other dealership employees stepped up to help her cover the costs. All employees at the dealership in Bristol, Tenn., have the option of contributing part of their paychecks into the Friendship Family Fund, which collects money to be redistributed anonymously to other employees in times of need.
