Dealers

AutoNation names 1st academic to board

AutoNation added the first academic and second woman to its board composed entirely of outside directors under CEO Mike Jackson.

Penske Q1 net soars behind broad gains

First-quarter net income at Penske Automotive Group soared 31 percent to $108 million, powered by profit gains across all areas of the auto retailer's business.

UPDATED: 4/24/18 5:10 pm ET - adds closing stock price
Asbury's Q1 net jumps 18 percent

Asbury Automotive's first-quarter profits jumped 18 percent, driven by F&I and parts and service gains, on a revenue increase approaching 4 percent.

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MORE DEALER NEWS ACCESS F&I BEST PRACTICES FIXED OPS
UPDATED: 4/24/18 5:10 pm ET - adds closing stock price
Asbury's Q1 net jumps 18 percent

Asbury Automotive's first-quarter profits jumped 18 percent, driven by F&I and parts and service gains, on a revenue increase approaching 4 percent.

Dealer anniversaries

Dealers featured this week include Larry Gambrel, dealer principal of Gambrel Toyota in Corbin, Ky.; Greg Murray, president of Murray's Ford-Lincoln in DuBois, Pa.; Robert Frankel, dealer principal of Frankel Acura in Cockeysville, Md.; and Richard Bertschi, president of Sam Leman Chevrolet-Buick in Eureka, Ill.

Dealers fixate on costs

Dealers are increasingly cutting costs across the board this year to offset narrowing margins, rising expenses and a potential economic downturn.

BMW eases dealership bonus program

BMW of North America won't change the major components of its controversial dealership bonus program for 2018, but it will relax some of the metrics it uses so that more dealerships should qualify for the payments.

FlexWheels: Ready-made dealer platform

Warren Henry Auto Group started a subscription program that's inspiring the group to develop an operational platform to help other dealers run subscription models.

The rise of a used-car powerhouse

Reagor Dykes Auto Group, a budding powerhouse on Automotive News' list of the top 100 dealership groups in used retail sales, sells well beyond its west Texas base.


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