Toyota outsold General Motors for the first time in the second quarter – but only by about 5,000 units, according to Wards Intelligence. But Bob Carter, Toyota North America’s sales chief, says it’s not “sustainable”...
For the second quarter, Asbury’s reported net income of $152.1 million, more than triple the year-ago quarter. That’s on a 70% increase in total revenue, to about $2.6 billion, vs. a year-ago quarter hit hard by the...
“Generally speaking, we expect inventories to continue to normalize throughout the back half of 2021 and in the first part of 2022,” Chris Holzshu, Lithia chief operating officer, says in an earnings conference call.
“The challenge is to determine which supply chains you want to control,” Tavares tells Joe White, global automotive industry editor for Reuters, who moderated the discussion. “You need to select strategic, scarce raw...
In the first half of 2021, the VW brand’s sales were 211,373, up 46% vs. 2020. Audi’s U.S. sales in the first half were 121,835, up 59.9% vs. a year ago.
Ally says the $5 million net recovery on charged-off auto loans for the quarter was a first in the 102-year history of Ally and its predecessor company, General Motors Acceptance Corp.
LotVision already employs more than 400,000 tracking devices at 49 Manheim sites and will be operating at an additional 19 locations by Sept. 30, the company says.
Dealers on average are buying and selling cars over greater distances, Manheim Logistics’ Joe Kichler says. That’s partly because dealers must cast a wider net to find the most desirable vehicles during the ongoing...
Mercedes-Benz USA is selling more vans since the parent company opened a new, larger and more fully equipped assembly plant in the Charleston, SC, area in 2018, to build a new generation of the Mercedes-Benz Sprinter...
