Lithia Motors explains why it's avoiding Chinese car brands: it's not politics, but profit. With 50-60% of earnings from service, reliable EVs threaten the dealer model.

Founded by Fixed Operations experts to help auto dealerships gain warranty reimbursement at retail, company to deliver $50 million added gross profit in 2023 The average dealer added $100,000 to ...

First Shift: Public dealership groups’ Q3 F&I profit VW moves closer to walkouts | Stellantis approves vegetable oil fuel | Northvolt files for bankruptcy (Tierra Riddick, Tom Carl) ...

As U.S. new-vehicle sales decline 2.4%, automotive advertising agency Willowood Ventures delivers 300+ dealerships ...

As dealers gauged availability of credit for subprime buyers and experienced jumps in F&I gross profit per unit, a total of 60 percent of the respondents who participated in the Monthly Dealer Survey ...

The auto dealership buy-sell market continues to soar at record pace. Kerrigan Advisors’ 2024 Blue Sky Report showed 2024 was the busiest year ever, with 438 completed dealership transactions, up 10% ...

Management described continued focus on operational improvements and cost controls in both the U.S. and U.K. Kenningham explained, "We believe this focus on controlling what we can control from ...

Forbes contributors publish independent expert analyses and insights. Bill Conerly connect the dots between the economy ... and business! President Trump’s new tariffs on cars will raise prices and ...

CEO Daryl Kenningham highlighted that Group 1 achieved record revenues across all major business lines and record gross profits in parts and service and F&I, emphasizing the company's "relentless ...