Auto Dealer News

Sonic Automotive Inc., one of the country's largest auto retailers, said Friday it will buy two high-end dealerships from Murray Motor Imports Co.

Car dealers are expected to be busy this holiday weekend, as try to take advantage of consumers who are more willing to spend, and have more access to credit.

This is The Morning Shift , our one-stop daily roundup of all the auto news that's actually important - all in one place at 9:00 AM.

The past 3 years were tough for used car shoppers. Selection was weak, and prices were high, and getting higher every month.

I'm not a scientist, but I did graduate high school and I seem to recall my high school science teacher saying something to the effect that "Every physical system is governed by its own unique set of laws." What he was talking about was things like electrons inside atoms, which are controlled by the Laws of Attraction and Repulsion, or Einstein's ... (more)

A former car salesman who sailed to Canada 20 years ago to avoid being prosecuted for larceny finally resolved his criminal cases this week.

While Ed Proko and his wife Beth agree the term 'used car salesman' may have picked up a less than favorable connotation in our language, their family business is working hard to flip that perception on its head.

America's Car-Mart announced its earnings results on Thursday. The company reported $0.92 earnings per share for the quarter, missing the analysts' consensus estimate of $0.94 by $0.02, AnalystRatingsNetwork reports.

Secretary of State Ruth Johnson today announced that she has summarily suspended the license of Monaco Motors of Detroit due to alleged fraudulent acts in connection with selling and dealing with vehicles.

Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups.

Strong sales of full-sized pickups, such as the Chevy Silverado, will again drive the market as the housing industry continues to rebound.

Auto sales in May are expected to rise about 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday.

Long Island car buyers registered 17,594 new vehicles this past March, a 9% surge over last year, and 6% more than the country as a whole during the same time period.

Workers at the Ford Michigan Assembly plant, who will have only one week off in July rather than the typical two-week summer shutdown.

New vehicle dealers are extremely bullish about future sales activity despite the risk of a disruption to vehicle supplies from possible strikes during wage negotiations, and price increases caused by the depreciation of the rand.

A worker assembles a vehicle at Mitsubishi Motors Mizushima plant in Japan. Nissan produces a minicar at the plant.

VERTU Motors, the car retailer with eight dealerships in Scotland, is on the hunt for acquisitions north of the Border after announcing plans to raise 50 million in new equity funding.

I like doing sectoral comparisons between companies. I think most of us intuitively understand that, at the most basic level, similar companies should command similar prices in the market - though defining 'similar prices' is slightly more slippery than I've made it sound.

The California automaker drew sporadic crowds around its Model S electric car outside the legislative building.

Auto dealers will no longer have to redo their facilities more than once every 15 years under Senate Bill 126, which the House passed on a 338-30 vote Tuesday.