Publicly Traded Auto Groups Report Increased Supply

Incentive spending and discounts needed for some vehicles, they say.

Several Auto Retailers Announce Expansions

Sonic Automotive, Group 1 Automotive, the Lou Fusz Automotive Network, Barnes Crossing Auto Group, and Ed Morse Automotive Group all expanded their businesses recently.

Board Reaches Decision on Subaru of New England in Sale Dispute

The Motor Industry Vehicle Board in New Hampshire ruled that Subaru of New England “unreasonably withheld consent of sale” of Prime Subaru Manchester to Group 1 Automotive Inc.

Group 1 Automotive to Keep Focus on Acquisition

Group 1 Automotive Inc. will focus on growth through acquisition in the U.S. and UK, says Daryl Kenningham, incoming president and CEO.

AutoNation, Sonic Set Records as Publics Grow PVR

All six of America’s big publicly traded dealership groups enjoyed year-over-year gains in F&I profit per vehicle retailed in Q3, led by record highs at AutoNation and Sonic Automotive.

AutoNation Nears $2,000 PVR as Big Groups Grow F&I

The nation’s six largest publicly traded dealer groups all increased F&I profit per vehicle retailed in the second quarter, led by AutoNation’s $1,926 per copy and Lithia Motors’ segment-leading 11% improvement.

Group 1 Debuts Digital Sales and F&I Platform

Group 1 Automotive has launched AcceleRide, a fully online buying process that includes vehicle configuration, trade-in valuation, and financing options, at 79 U.S. dealerships.

Carvana Crashes Used-Vehicle Dealer Rankings

Carvana broke into the top 10 in its first appearance on Automotive News’ list of the nation's Top 100 Used Retailers, more than doubling its output to more than 94,000 units and outpacing the Asbury, Larry H. Miller, and Ken Garff groups.

Group 1's F&I Per-Copy Average Jumps $65 in the U.S. Market

Group 1’s U.S. F&I Operations Achieves Record PVR Average