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April 24, 2014 - Industry News

Asbury Posts Record First Quarter

The group reported during it quarterly conference call that earnings per share were up 34% from the year-ago quarter, an all-time record for the group. On the same day, Executive Vice President and COO Michael Kearney announced his retirement.

Tags: Asbury Automotive, F&I, profit, public dealer, 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 4, 2014 - Industry News

Move to Flats Unlikely in 2014, Says AutoNation’s Jackson

AutoNation’s chief executive says he doesn’t expect the CFPB to eliminate rate participation, but he admits to not knowing ‘the end of the story yet.’

Tags: AutoNation, Consumer Financial Protection Bureau, National Automobile Dealers Association, profit, Quarterly Earnings

November 13, 2012 - Industry News

DealerTrack Raises 2012 Guidance on Q3 Performance

Based on the first nine months of 2012, DealerTrack says it expects franchised dealers to end the year with 14.3 million new cars sold.

Tags: Dealertrack, loss, Mark O'Neil, Performance, profit, Q3, Third Quarter

October 30, 2012 - Industry News

Group 1 Profits Rise 46 Percent in Q3

Group 1 posted a 46 percent increase in its third-quarter profit behind rising new-car sales and record-setting F&I penetration.

Tags: Earl J. Hesterberg, Group 1 Automotive, net income, profit, Quarterly Earnings, Third Quarter

October 25, 2012 - Industry News

Profits Rise 48 Percent for Lithia

Lithia reported higher profits and revenues for the third quarter. Highlights include a 36.4 percent increase in F&I revenues.

Tags: F&I, Lithia Motors, profit, Quarterly Earnings, Revenue, Third Quarter

March 8, 2012 - Industry News

[VIDEO] Part 2: Delivering Additional Profits

UDS’ Gerry Gould delivers Part 2 of his five-part series on the business office’s Top 5 responsibilities.

Tags: F&I profit, F&I profits, profit, Tips for Success, training, UDS

February 9, 2012 - Industry News

GM, NCM Associates Offer Profitability Consulting for Minority Dealers

NCM Associates was selected by General Motors Minority Dealer Development (GM MDD) as the exclusive provider of an in-dealership consulting program designed to improve automotive dealership profitability.

Tags: General Motors, NCM Associates, profit, training

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