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December 5, 2016 - Industry News

International Nameplates Outsell Domestics in November, According to AutoData

International nameplate franchises accounted for 55.7% of all new vehicles sold in the United States in November, besting domestic nameplates and their 44.3% share of the market. Asian makes recorded a share of 45.7%.

Tags: American International Automobile Dealers Associat, Auto Sales, Franchised Dealerships

July 12, 2016 - Industry News

State Franchise Laws Benefit Consumers, Economic Analysis Concludes

A new economic analysis shows that state franchise laws, which have come under attack by regulators like the Federal Trade Commission, stimulate competition that results in lower retail prices for consumers.

Tags: Federal Trade Commission, Franchise Laws, Franchised Dealerships, Pheonix Center

March 2, 2016 - Industry News

Tesla-Friendly Bill Resurrected in Connecticut

Introduced last month, Senate Bill 3 would permit electric vehicle makers to sell vehicles directly to consumers at up to three locations. The state dealers association, General Motors and the Alliance of Auto Manufacturers have taken a stand against the measure.

Tags: CARA, Franchised Dealerships, General Motors, Senate Bill, Tesla

August 19, 2015 - Industry News

J.D. Byrider Opens New Franchise in Virginia

Used-car sales franchise J.D. Byrider has opened a second dealership in Richmond, Va., the sixth new J.D. Byrider franchise to open in 2015. The company now has 169 locations in 34 states.

Tags: Franchised Dealerships, used car sales, Virginia

August 18, 2015 - Industry News

AutoNation Acquires 16 Stores

AutoNation has signed agreements to acquire 13 stores in Georgia, Alabama and Tennessee, and three stores in the Baltimore, Md., market, bringing its total franchise count to 327.

Tags: Acquisition, AutoNation, Franchised Dealerships, Mike Jackson

February 10, 2015 - Industry News

Conn. Dealer Association Launches Controversial Anti-Tesla Site

The website, called “Tesla Crash,” was launched by the Connecticut Automotive Retailers Association in response to a bill that would allow the electric automaker to sell directly to consumers in the state.

Tags: Franchised Dealerships, legislation, Tesla, Tesla Motors

October 22, 2014 - Industry News

Mich. Governor Signs ‘Anti-Tesla’ Bill

Governor Rick Snyder signed into law yesterday tighter restrictions on selling vehicles directly to consumers. The new law now effectively bans Tesla Motors from selling vehicles in the state.

Tags: Electric Vehicles, Franchised Dealerships, Governor Rick Snyder, Michigan, Tesla, Tesla Motors

October 9, 2014 - Industry News

N.Y. Judge Rules in Favor of Dealer in Case Against GM

An administrative judge from New York’s Department of Motor Vehicles ruled this week that GM’s statewide sales benchmark was not reasonably applied, concluding that the manufacturer did not have the right to terminate Beck Chevrolet.

Tags: facility upgrades, Franchised Dealerships, General Motors, Lawsuit

July 30, 2014 - Industry News

NADA Releases New Video on Dealer Franchise Laws

In order to provide policymakers and journalists with information about the franchised new-car dealer model, the NADA has added a new animated video to its “Get The Facts” initiative.

Tags: Franchised Dealerships, NADA, National Automobile Dealers Association

June 17, 2014 - Industry News

NADA Launches Initiative to Promote Benefits of Franchised Dealers

The “Get the Facts” initiative provides online materials demonstrating the benefits of franchised dealerships, which the association is encouraging dealers to share on their own websites.

Tags: Franchised Dealerships, NADA, National Automobile Dealers Association, Peter K. Welch, Report

June 3, 2014 - Industry News

Franchised Dealers Realize Big Gains in Used Sales, CNW Reports

Used-vehicle sales in May increased nearly 11% from April, according to CNW. Franchised dealers led the way with a 4.3% increase in sales vs. one year ago, while independents realized a 3.4% increase.

Tags: CNW Research, Franchised Dealerships, inventory, transaction prices, used vehicles

May 15, 2014 - Industry News

Tesla: New Wording in Missouri Bill is ‘Sneak Attack’ by Dealers

In a statement posted on its website, Tesla denounced the last-minute addition of wording to legislation in Missouri that would effectively ban the automaker from selling directly to consumers in the state.

Tags: Franchised Dealerships, legislation, Missouri, Tesla, Tesla Motors

May 8, 2014 - Industry News

Report: Used Operations Increasingly Important for Dealers

According to a report from Haig Partners, more dealers are focused on their used-vehicle business because profits are sometimes stronger than new-vehicle sales.

Tags: Franchised Dealerships, Study, used vehicles, used-vehicle sales

February 11, 2014 - Industry News

Dealership Acquisition Activity ‘Robust,’ The Banks Report Shows

Public dealer groups continue to exercise discipline in terms of their acquisition strategy, but The Banks Report shows that acquisition activity was robust overall last year — particularly during the opening and closing months of 2013.

Tags: Acquisition, Chrysler, Franchised Dealerships, Jeep, public dealer, Study

December 17, 2013 - Industry News

Used Sales Climb 1.4% vs. a Year Ago

Franchised dealers are set to sell more than 1.24 million used vehicles this month, a gain of nearly 9% vs. a year ago, according to data from CNW Research.

Tags: Art Spinella, CNW Research, Franchised Dealerships, Independent Dealerships, new-vehicle sales

December 5, 2013 - Industry News

Business Journal Names Westlake to Fastest Growing Private Company List

The Los Angeles Business Journal released its annual ‘Top 100 Fastest Growing Private Companies’ list. On it was Westlake Financial Services, which came in at No. 54.

Tags: Franchised Dealerships, Independent Dealerships, Revenue, Westlake Financial Services

April 25, 2013 - Industry News

Colorado Legislature Sides With Dealers

The state’s Senate Judiciary Committee voted unanimously to approve a bill that gives dealers more power in their negotiations with manufacturers. The legislation still needs to gain passage by the full legislature.

Tags: Colorado, Franchised Dealerships, legislation

January 4, 2013 - Industry News

Tesla Wins Lawsuit in Massachusetts

Judge dismisses lawsuit filed by Massachusetts State Automobile Dealers Association against Tesla Motors, says dealers failed to state a claim.

Tags: Franchised Dealerships, Lawsuit, Massachusetts, MSADA, New York, Tesla Motors

February 14, 2012 - Industry News

Dealer Count Inched Up in 2011, Urban Science Reports

A report by Urban Science revealed that as of Dec. 31, 2011, there were 17,767 dealerships in the United States, a 0.6 percent increase year over year.

Tags: Franchised Dealerships, Independent Dealerships, Urban Science

November 1, 2011 - Industry News

New Service Levels Playing Field for Single-Point Dealers

Dealers United introduced a new service in which it will act as the conduit for single-point dealerships to negotiate better terms and prices with vendors, and bring costs down through volume purchasing.

Tags: Dealers United, F&I product provider, F&I products, Franchised Dealerships, Independent Dealerships

October 18, 2011 - Industry News

Group 1 Buys GM Dealer, Opens VW and Fiat Stores

Group 1 announced the acquisition of David Taylor Cadillac Buick GMC in Houston, and opens up a FIAT and two Volkswagen dealerships in California and Texas.

Tags: Acquisition, Buick, Cadillac, Fiat, Franchised Dealerships, GMC, Group 1 Automotive, Volkswagen

August 25, 2011 - Industry News

Dealer Count Up First Time in a Decade

Urban Science’s 2011 Automotive Franchise Activity Report indicated that the number of auto dealerships has grown by 0.4 percent, the first increase in more than 10 years.

Tags: dealer, Franchised Dealerships, Independent Dealerships, Urban Science

July 12, 2011 - Industry News

Hyundai, Lexus, Subaru Top Rankings in Dealer Satisfaction Survey

Automakers scored high in the National Automobile Dealers Association’s annual Dealer Attitude Survey, with Hyundai, Lexus and Subaru leading the way.

Tags: dealer, Franchised Dealerships, Hyundai, Lexus, NADA, Subaru

January 10, 2011 - Industry News

DataScan Field Services Adds Clubb Finance Corp.

DataScan Field Services was selected by Clubb Finance Corporation to provide floorplan verification services for its dealer networks across Canada.

Tags: Floorplan Financing, Franchised Dealerships, Independent Dealerships

August 24, 2010 - Industry News

Independents Boost Used-Car Market in August

Independent dealers are expected to drive the used-car market to a 4.7 percent increase in sales in August, according to CNW Research.

Tags: CNW, Franchised Dealerships, Independent Dealerships, Vehicle Sales

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