Recent News

Some days, it’s nice to be a Mitsubishi dealer

Facing a scandal over emissions violations, how did Mitsubishi quickly provide the kind of clarity and closure that Volkswagen dealers still yearn for? ... Read More »

Supplier Tower International cancels plan to sell European unit

Tower International, which makes heavy metal components and assemblies for cars and trucks, said today it will not sell its European division, citing the industry's growth in the region. ... Read More »

GM China sees strong growth for luxury models and EVs

Chinese consumers' continued preference for luxury brands could help make that country Cadillac's largest global market in the next five to 10 years, the head of General Motors China said today. ... Read More »

KBB Predicts Record Sales in April

IRVINE, Calif. — Kelley Blue Book said this week it expects new-vehicle sales to grow by 4% compared to the same-year period in 2015. The expected growth should deliver record new-vehicle sales of 1.51 million and a SAAR of 17.5 million.Retail sales, the...

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American Auto Guardian Hires New Western Regional Vice President

SCHAUMBURG, Ill. — American Auto Guardian Inc. announced today that Ken Acha has joined its sales team as the western regional vice president. He brings more than 15 years of experience in the automotive industryBefore joining American Auto Guardian, Acha...

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Edmunds Predicts April Record for Industry Sales

SANTA MONICA, Calif. — Edmunds.com said this week the industry should sell 1,514,855 new cars and trucks in April for an estimated seasonally adjusted annual rate (SAAR) of 17.5 million.The projected sales represent a 4.8% decrease from March 2016, but a...

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Group 1’s U.S. Operations Posts Record Q1 Performance

HOUSTON — Group 1 Automotive reported first quarter gross profit of $389 million on a consolidated basis, a 6.9% improvement over 2015. The bulk of that profit came from the group’s U.S. operations, which increased its gross profit total by 5.8% from...

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EFG Companies Adds OEM and Reinsurance Veteran to Leadership Team

DALLAS — F&I product provider EFG Companies has Richard Christensen as vice president of product development. According to the company, Christensen brings 25 years of experience in the automotive retail industry and reinsurance business.Christensen most...

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Auto industry must do more to close gender gap in leadership roles, report finds

The auto industry must do more if it wants to close the gender gap in its leadership positions, a report released today found. The survey was conducted by EY, a consulting firm. ... Read More »

China’s GAC looks to Fiat Chrysler to help enter U.S.

China's Guangzhou Automobile Group, whose partnership with Fiat Chrysler Automobiles enables the Italian-American automaker to manufacture in China, wants Fiat Chrysler to return the favor by helping it launch U.S. sales. ... Read More »
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