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February 23, 2016 - Industry News

TrueCar's Perry Lays Out Plans to Win Back Dealers, OEMs

TrueCar's new CEO used the firm's recent quarterly investor call to lay out his plans to win back dealers and OEMs. The executive also discussed how the firm plans to better monetize car shoppers using its site.

Tags: Financial Reports, Fourth Quarter, marketing, TrueCar

February 11, 2016 - Industry News

Asbury: ‘Favorable Lending Environment” Spurs 9% Gain in Q4 F&I Revenue

Asbury Automotive Group reported this week that it’s F&I operations realized a $55 per-copy increase in the fourth quarter, with the group averaging $1,426 in gross profit per vehicle retailed during the end-of-year quarter.

Tags: Asbury Automotive, Fourth Quarter, PVR, Quarterly Earnings, Vehicle Sales

February 4, 2016 - Industry News

Ally's 2015 Originations Surpass Target Despite Loss of GM

The former captive originated $41 billion in auto loans in 2015, surpassing the high $30 billion range it projected at the beginning of the year. Much of that was due to the 53% increase in non-GM/Chrysler originations.

Tags: Ally Financial, Financial Reports, Fourth Quarter, Originations, Q4

February 12, 2015 - Industry News

Penske Posts Most Profitable Year Behind Strong Q4 Performance

Penske Automotive Group realized a 16% increase in revenue and a 14% bump in adjusted income from continuing operations in 2014’s fourth quarter. The dealer group’s CEO also discussed its plan to pilot the NADA’s fair credit compliance program at four stores.

Tags: CFPB, F&I profit, Fourth Quarter, NADA, Penske Automotive Group, reserve

February 12, 2015 - Industry News

People and Process Drive Group 1’s U.S. Per-Copy Average to $1,521

Consolidating its lender base and improved availability of consumer financing were other reasons cited for the fourth-quarter performance of the group’s U.S.-based F&I operations.

Tags: F&I profit, Fourth Quarter, Group 1 Automotive, Quarterly Earnings

February 5, 2015 - Industry News

AutoNation Posts Record Fourth Quarter

The dealer group realized its 17th consecutive quarter of double-digit year-over-year growth in earnings per share, with net income from continuing operations reaching a record $117 million in the end-of-year quarter.

Tags: AutoNation, Fourth Quarter, Internet Leads, Quarterly Earnings

February 5, 2015 - Industry News

GM Financial Triples Share of GM Leases

GM Financial officials said Ally shouldn’t be surprised by GM’s decision to internalize its lease program. The company ended the year with a 50% share of GM’s lease business.

Tags: Ally Financial, Fourth Quarter, General Motors, GM Financial, leasing, Quarterly Earnings

January 8, 2015 - Industry News

Manheim: Year-End Used-Car Values Stay Strong

Used-vehicle values rose nearly 2% in the fourth quarter of 2014, thanks to a stronger job market and more attractive financing.

Tags: Fourth Quarter, Manheim, used-vehicle values

February 6, 2014 - Industry News

Asbury ‘Very Confident’ About Meeting CFPB’s Requirements

Asbury Automotive Group, which reported a record fourth quarter, does not plan to alter any business practices in response to the CFPB’s scrutiny of rate participation programs. Officials reveal that the dealer group already has already adopted many of the regulator's recommendations.

Tags: Asbury Automotive, CFPB, compliance, Consumer Financial Protection Bureau, Fourth Quarter, NADA Convention & Expo, National Automobile Dealers Association, Quarterly Earnings

February 4, 2014 - Industry News

Asbury Automotive Reports Record Fourth Quarter

Asbury Automotive reported a total revenue increase of 13% in the fourth quarter 2013, compared to 2012. Officials expect continued growth in 2014 thanks to a healthy automotive retail environment.

Tags: Asbury Automotive, Fourth Quarter, profit, Quarterly Earnings

February 21, 2013 - Industry News

Major Dealer Groups Prepare to Top Records Set in 2012

Most of the major dealer groups posted big gains in the fourth quarter and for the full-year 2012. One group reached an all-time high of $1,215 in F&I gross profit per retail unit.

Tags: 2012, annual, Asbury Automotive, AutoNation, F&I, Finance, Fourth Quarter, Group1 Automotive, insurance, Lithia Motors, Penske Automotive Group, Revenue, Sonic Automotive

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