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Mass. Dealer Agrees to Nearly $1M Settlement

Mass. Dealer Agrees to Nearly $1M Settlement

The Boston-area AutoMax group has agreed to a $925,000 settlement after facing accusations of misrepresenting vehicles, warranty and service contract coverage, and fees.

November 21, 2019

Recall Sweep Targets AutoNation Dealerships

Recall Sweep Targets AutoNation Dealerships

The U.S. PIRG Education Fund issued a damning report after finding one in every nine used vehicles for sale at 28 AutoNation-owned locations in 12 states is subject to an open recall.

October 16, 2019

SAAR Fails to Crack 17M Despite Record August Sales

SAAR Fails to Crack 17M Despite Record August Sales

U.S. sales of new cars and light trucks fell 1.2% year-over-year in August, a sales month that extended through the Labor Day weekend and set new records for Honda, Toyota, and Subaru.

September 5, 2019

Report: Slow Sales Aside, Auto Groups Outperform Market

Report: Slow Sales Aside, Auto Groups Outperform Market

Kerrigan Advisors analysts say the stock prices for America’s seven publicly traded dealership groups are outpacing the broader U.S. equity markets and could soar higher on lower interest rates and new trucks.

July 10, 2019

Carvana Q1: Accelerated Growth Accelerates Losses

Carvana Q1: Accelerated Growth Accelerates Losses

Carvana’s first-quarter results include triple-digit gains in net revenue and consumer-sourced inventory, but losses continue to mount, growing 57% to $82.6 million year-over-year.

May 9, 2019

Carvana Crashes Used-Vehicle Dealer Rankings

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.

April 22, 2019

Lithia: More Acquisitions, More F&I Money

Lithia Motors’ first-quarter results include continued gains in F&I penetrations and revenue, a result the dealer group credits to its aggressive acquisition strategy.

April 27, 2017